04.23.26
•
Avi Patel
$KLED Tokenomics: The Non-L1 Token That Scales Like One.
$KLED Tokenomics: The Non-L1 Token That Scales Like One.
$KLED Tokenomics: The Non-L1 Token That Scales Like One.
12 MIN READ
TOKENOMICS
The Problem With Non-L1 Tokens
For any token, the goal is simple: as the network grows, token value grows with it. This is how multi billion $ token networks are created. Everything else will eventually go to 0.
Layer 1s can engineer this natively. As $ETH transactions spike, gas fees are used for token burns which drives the price and incentivizes more builders and transactions. One loop. There is clear intrinsic value in the token that scales with the network.
For any token, the goal is simple: as the network grows, token value grows with it. This is how multi billion $ token networks are created. Everything else will eventually go to 0.
Layer 1s can engineer this natively. As $ETH transactions spike, gas fees are used for token burns which drives the price and incentivizes more builders and transactions. One loop. There is clear intrinsic value in the token that scales with the network.
For almost anything that is not an L1, this is incredibly hard to build. Most products, especially startup tokens, are not creating networks. AI agent tokens, the endless wave of Pump Fun launches, etc. are short term by nature.
And even if they are creating a network, the native tokens launched on Meteora or adjacent launchpads do not have native gas fees or burn mechanisms automatically in place, so scaling the network does NOT actually drive token value.
For almost anything that is not an L1, this is incredibly hard to build. Most products, especially startup tokens, are not creating networks. AI agent tokens, the endless wave of Pump Fun launches, etc. are short term by nature.
And even if they are creating a network, the native tokens launched on Meteora or adjacent launchpads do not have native gas fees or burn mechanisms automatically in place, so scaling the network does NOT actually drive token value.
Kled is not an L1 or a crypto company. It is a real product valued at $280,000,000 with real users and an end goal of an IPO. Most startup tokens are pure narrative. The company could exist without it. The product would still work without it. At scale a poorly structured token can become a distraction to a real revenue generating company.
A comparable example of a non-L1 that is a real product is Axie Infinity. There is a network, tokens are rewarded to users, but as network transactions scale there are no gas fees to create scarcity and no intrinsic token value that scales with the network. Axie the company could have existed without the token. The game worked without it. The token raised money and created hype but never made the business itself stronger. When the hype died, everything else followed.
Kled is not an L1 or a crypto company. It is a real product valued at $280,000,000 with real users and an end goal of an IPO. Most startup tokens are pure narrative. The company could exist without it. The product would still work without it. At scale a poorly structured token can become a distraction to a real revenue generating company.
A comparable example of a non-L1 that is a real product is Axie Infinity. There is a network, tokens are rewarded to users, but as network transactions scale there are no gas fees to create scarcity and no intrinsic token value that scales with the network. Axie the company could have existed without the token. The game worked without it. The token raised money and created hype but never made the business itself stronger. When the hype died, everything else followed.
The Goal
The goal of $KLED is as follows:
The goal of $KLED is as follows:
Create a token that accrues real value as the network scales in size and transactions, replacing the gas fee and burn mechanism of an L1 with buybacks and burns, without hurting the business.
Create a token that materially benefits the Kled business itself, not just through narrative or marketing. Something that holds real value to the business post-IPO or exit as a coordinated reward mechanism.
Distributional: FID to the high-trust set — a standard metric to characterize multivariate distance between generated and high-trust reference sets.
Human-proxy: Aesthetics (CLIP-MLP scoring) — a measurement of perceived photographic quality that correlates with human judgment. Note that this can be gameable, and that the noise of real images tends to produce lower aesthetic scores compared to generated images. However, it is necessary to ensure complete image degradation does not occur.
Microstructure: spectral slope (power spectrum) and decay, noise kurtosis, sensor banding, edge coherence stats, compression artifact counts, depth coherence. These characterize image noise and frequency patterns. Natural photographic scenes and sensors have signature patterns which differ from synthetic smoothing or ad-hoc noise. Edge properties and depth coherence are key to geometric realism.
Structural preservation and perceptual diversity: DINO, LPIPS. These are guardrails to ensure that we do not deform key elements in the image, nor destroy the desired visual choices or range for a given task.
If either of these are untrue, the token fails like Axie. Either you do buybacks for no reason and burn revenue to pump a useless token, or you have a real token with a real use case but no value accrual, so the token becomes worthless regardless.
If either of these are untrue, the token fails like Axie. Either you do buybacks for no reason and burn revenue to pump a useless token, or you have a real token with a real use case but no value accrual, so the token becomes worthless regardless.
Gamification
Buybacks & Burns Are Now On Every Transaction
We gamified the entire Kled app. A full level system where higher pay tasks and rewards are gated behind your account level, ensuring the most complex and highest paying work goes to the most trusted contributors.
We gamified the entire Kled app. A full level system where higher pay tasks and rewards are gated behind your account level, ensuring the most complex and highest paying work goes to the most trusted contributors.
Users earn XP to level up by completing tasks, hitting streaks, unlocking achievements, and converting their cash earnings into XP directly. A user with access to entry level tasks can invest $20 of their balance to level up and unlock tasks paying up to $150 per single completion.
We have begun working with the major foundation models and are actively receiving tasks paying $1,000+ per single completion. These include anonymized tax and W2 form data collection, expense management and budget sheets, anonymized medical history, and other highly complex and sensitive data that requires a trusted and verified contributor network.
The network: 300,000 contributors across 170+ countries. Over 1 billion uploads processed to date, over 5 million uploads per day.
Users earn XP to level up by completing tasks, hitting streaks, unlocking achievements, and converting their cash earnings into XP directly. A user with access to entry level tasks can invest $20 of their balance to level up and unlock tasks paying up to $150 per single completion.
We have begun working with the major foundation models and are actively receiving tasks paying $1,000+ per single completion. These include anonymized tax and W2 form data collection, expense management and budget sheets, anonymized medical history, and other highly complex and sensitive data that requires a trusted and verified contributor network.
The network: 300,000 contributors across 170+ countries. Over 1 billion uploads processed to date, over 5 million uploads per day.
Total payouts to users already exceed millions of dollars per year. Platforms like Uber, Fiverr, and Upwork distribute hundreds of billions of dollars to their users annually. The demand from the AI industry continues to grow.
Across gig platforms, high end users make up roughly 15% of any platform's user base but drive the overwhelming majority of volume and output. We are targeting a network of millions of these high level users actively converting millions of dollars per month into levels and gamified incentives inside the Kled app.
When a user converts their balance into XP they are forfeiting that cash and becoming a higher quality, more committed contributor with access to higher paying tasks. Kled captures that as platform revenue and reinvests it into the token.
Total payouts to users already exceed millions of dollars per year. Platforms like Uber, Fiverr, and Upwork distribute hundreds of billions of dollars to their users annually. The demand from the AI industry continues to grow.
Across gig platforms, high end users make up roughly 15% of any platform's user base but drive the overwhelming majority of volume and output. We are targeting a network of millions of these high level users actively converting millions of dollars per month into levels and gamified incentives inside the Kled app.
When a user converts their balance into XP they are forfeiting that cash and becoming a higher quality, more committed contributor with access to higher paying tasks. Kled captures that as platform revenue and reinvests it into the token.
Officially:
100% of all dollars converted into gamified rewards in the Kled app will be used to market buy and burn $KLED.
If a user purchases $50 of in-app XP, we will market buy $50 of $KLED. 50% of that market buy, $25, is permanently burned from the supply. The other $25 remains as bought supply.
Officially:
100% of all dollars converted into gamified rewards in the Kled app will be used to market buy and burn $KLED.
If a user purchases $50 of in-app XP, we will market buy $50 of $KLED. 50% of that market buy, $25, is permanently burned from the supply. The other $25 remains as bought supply.
All market buys will be routed through our Meteora fee pool: [Dexscreener link.]
Which brings us to that remaining $25, the other 50% of every market buy. Introducing the Universal Fraud Detection Protocol.
All market buys will be routed through our Meteora fee pool: [Dexscreener link.]
Which brings us to that remaining $25, the other 50% of every market buy. Introducing the Universal Fraud Detection Protocol.
UFDP
The Universal Fraud Detection Protocol (UFDP) - Powered By $KLED
Data marketplaces like Kled provide billions of data points to AI labs. Raw data is worthless without quality control. Before any data point enters a training pipeline it needs to be validated, and validating billions of data points at scale is one of the most expensive problems in AI.
Data marketplaces like Kled provide billions of data points to AI labs. Raw data is worthless without quality control. Before any data point enters a training pipeline it needs to be validated, and validating billions of data points at scale is one of the most expensive problems in AI.
Introducing ufdp.ai, a free captcha service for any website that replaces a standard captcha with a real data validation task pulled directly from Kled's data pipeline. Instead of clicking traffic lights, users are shown a real anonymized data point that needs a human judgment call. Install the extension, connect your wallet, and you get paid in $KLED every time you solve one correctly.
For companies the captcha service is completely free. For users without the extension it works exactly like a normal captcha, they just don't get paid. For users with the extension, every correct validation earns $KLED directly.
Each question is shown to a cluster of at minimum 50 people simultaneously. If 47 say the answer is X and 3 say Y, it is X. The 47 get rewarded. The 3 take a trust score hit, their pay multiplier drops, and they get flagged for closer review. The most trusted contributors earn the most. The bad actors get priced out.
Introducing ufdp.ai, a free captcha service for any website that replaces a standard captcha with a real data validation task pulled directly from Kled's data pipeline. Instead of clicking traffic lights, users are shown a real anonymized data point that needs a human judgment call. Install the extension, connect your wallet, and you get paid in $KLED every time you solve one correctly.
For companies the captcha service is completely free. For users without the extension it works exactly like a normal captcha, they just don't get paid. For users with the extension, every correct validation earns $KLED directly.
Each question is shown to a cluster of at minimum 50 people simultaneously. If 47 say the answer is X and 3 say Y, it is X. The 47 get rewarded. The 3 take a trust score hit, their pay multiplier drops, and they get flagged for closer review. The most trusted contributors earn the most. The bad actors get priced out.
Every data point Kled sells to an AI lab has been validated by a decentralized network of contributors powered by $KLED. The token is the engine running Kled's quality control pipeline.
Introducing ufdp.ai, a free captcha service for any website that replaces a standard captcha with a real data validation task pulled directly from Kled's data pipeline. Instead of clicking traffic lights, users are shown a real anonymized data point that needs a human judgment call. Install the extension, connect your wallet, and you get paid in $KLED every time you solve one correctly.
For companies the captcha service is completely free. For users without the extension it works exactly like a normal captcha, they just don't get paid. For users with the extension, every correct validation earns $KLED directly.
Each question is shown to a cluster of at minimum 50 people simultaneously. If 47 say the answer is X and 3 say Y, it is X. The 47 get rewarded. The 3 take a trust score hit, their pay multiplier drops, and they get flagged for closer review. The most trusted contributors earn the most. The bad actors get priced out.
The remaining 50% of every market buy, that other $25 from every $50 converted, funds the UFDP reward pool directly.
Our current buyback mechanism operates at net zero cost to the company. In the future, the UFDP will allow us to justify fully reinvesting active platform revenue into token buybacks to scale our fraud detection network.
The remaining 50% of every market buy, that other $25 from every $50 converted, funds the UFDP reward pool directly.
Our current buyback mechanism operates at net zero cost to the company. In the future, the UFDP will allow us to justify fully reinvesting active platform revenue into token buybacks to scale our fraud detection network.
Street FDN
Long Term Alignment - Street FDN
Nitrility Inc. (the entity that owns Kled AI) has now raised upwards of $10 million to date, with our seed round accounting for nearly $7 million of that total. Our most recent check came in at a $280 million valuation. These figures reflect equity investment in Nitrility Inc. via SAFE agreements.
Nitrility Inc. (the entity that owns Kled AI) has now raised upwards of $10 million to date, with our seed round accounting for nearly $7 million of that total. Our most recent check came in at a $280 million valuation. These figures reflect equity investment in Nitrility Inc. via SAFE agreements.
Today we announce our partnership with Street FDN. Up to 10% equity of Nitrility Inc. has been reserved for the Street Global Foundation, representing up to $28 million at its last raised valuation if fully exercised.
Today we announce our partnership with Street FDN. Up to 10% equity of Nitrility Inc. has been reserved for the Street Global Foundation, representing up to $28 million at its last raised valuation if fully exercised.
Street is an independent third party that built the ERC-S framework, a legal and on-chain standard designed to create a structured relationship between a company's equity and its token community without converting tokens into financial instruments or equity claims.
When a company exits via acquisition, merger, or IPO, token communities are typically cut out entirely. Buyers want a clean cap table and a single counterparty. Street changes this by separating three distinct layers:
Street is an independent third party that built the ERC-S framework, a legal and on-chain standard designed to create a structured relationship between a company's equity and its token community without converting tokens into financial instruments or equity claims.
When a company exits via acquisition, merger, or IPO, token communities are typically cut out entirely. Buyers want a clean cap table and a single counterparty. Street changes this by separating three distinct layers:
The operating company, Kled
A shareholder-of-record SPV that holds the equity position
The $KLED token community, which remains outside of direct ownership
Distributional: FID to the high-trust set — a standard metric to characterize multivariate distance between generated and high-trust reference sets.
Human-proxy: Aesthetics (CLIP-MLP scoring) — a measurement of perceived photographic quality that correlates with human judgment. Note that this can be gameable, and that the noise of real images tends to produce lower aesthetic scores compared to generated images. However, it is necessary to ensure complete image degradation does not occur.
Microstructure: spectral slope (power spectrum) and decay, noise kurtosis, sensor banding, edge coherence stats, compression artifact counts, depth coherence. These characterize image noise and frequency patterns. Natural photographic scenes and sensors have signature patterns which differ from synthetic smoothing or ad-hoc noise. Edge properties and depth coherence are key to geometric realism.
Structural preservation and perceptual diversity: DINO, LPIPS. These are guardrails to ensure that we do not deform key elements in the image, nor destroy the desired visual choices or range for a given task.
Street's SPV currently holds a 5% equity position in Nitrility Inc. via a SAFE agreement, representing a $14 million stake at our last SAFE valuation, with the option to participate in up to an additional 5% in all future priced rounds.
Street's SPV currently holds a 5% equity position in Nitrility Inc. via a SAFE agreement, representing a $14 million stake at our last SAFE valuation, with the option to participate in up to an additional 5% in all future priced rounds.
We are committing 100% of our $KLED trading fees to the Street SPV, which are then reinvested into Nitrility Inc. by the Street SPV. Every dollar market bought through our gamification mechanism, every trade, and every revenue buyback, will build Street's equity position until the full 10% threshold is reached. This will survive post-CEX listings since all buybacks will always route through our Meteora fee pool.
We are committing 100% of our $KLED trading fees to the Street SPV, which are then reinvested into Nitrility Inc. by the Street SPV. Every dollar market bought through our gamification mechanism, every trade, and every revenue buyback, will build Street's equity position until the full 10% threshold is reached. This will survive post-CEX listings since all buybacks will always route through our Meteora fee pool.
In the event of a company exit, the SPV receives its share of proceeds as a recognized shareholder of record. $KLED token holders then have the right to submit proposals to the Street DAO regarding how those proceeds are deployed. The Street DAO votes on those proposals in accordance with its governance framework.
$KLED does not represent equity in Nitrility Inc. Token holders are not shareholders and have no direct claim on company assets. All resource deployment decisions following an exit are discretionary and governed independently by the Street DAO. There is no guarantee of profit or financial return of any kind. Street operates independently and Nitrility Inc. has no role in Street DAO governance outcomes.
In the event of a company exit, the SPV receives its share of proceeds as a recognized shareholder of record. $KLED token holders then have the right to submit proposals to the Street DAO regarding how those proceeds are deployed. The Street DAO votes on those proposals in accordance with its governance framework.
$KLED does not represent equity in Nitrility Inc. Token holders are not shareholders and have no direct claim on company assets. All resource deployment decisions following an exit are discretionary and governed independently by the Street DAO. There is no guarantee of profit or financial return of any kind. Street operates independently and Nitrility Inc. has no role in Street DAO governance outcomes.
Buybacks
Current Revenue Buybacks
We recently completed a six figure buyback, fully verifiable on-chain. This buyback was conducted from the following wallet: Apgki6Kroa3Xuwj1TFpkfryUR8yvY1HnspB464EqGUXd
We recently completed a six figure buyback, fully verifiable on-chain. This buyback was conducted from the following wallet: Apgki6Kroa3Xuwj1TFpkfryUR8yvY1HnspB464EqGUXd
Kled has a $35M+ data purchase pipeline and enterprise relationships across the world's leading AI labs. As the business scales we have established a discretionary buyback program funded directly from company revenue.
Bought back tokens are used for team and contributor grants on a vesting schedule. No bought back supply is ever sold back into the open market by the company. These buybacks can also be used for UFDP rewards to further bootstrap the decentralized network.
Future and previous buyback activity has and will be conducted across multiple company treasury wallets. We will not be designating or disclosing specific buyback wallets in advance. Buybacks are entirely discretionary with no fixed schedule.
Kled has a $35M+ data purchase pipeline and enterprise relationships across the world's leading AI labs. As the business scales we have established a discretionary buyback program funded directly from company revenue.
Bought back tokens are used for team and contributor grants on a vesting schedule. No bought back supply is ever sold back into the open market by the company. These buybacks can also be used for UFDP rewards to further bootstrap the decentralized network.
Future and previous buyback activity has and will be conducted across multiple company treasury wallets. We will not be designating or disclosing specific buyback wallets in advance. Buybacks are entirely discretionary with no fixed schedule.
Looking Ahead
Adjustments and Future Improvements
Everything described here represents where we are today. These mechanisms will evolve and we reserve the right to adjust any of them at any time.
The gamification buyback and burn mechanism is the area we expect to experiment with the most. The current structure, 100% of XP purchases market bought and 50% burned, is our starting point. If adjusting the burn ratio or gamification buyback mechanism drives better user retention or more fee pool activity, we will make those changes.
The UFDP is just getting started. We are exploring the ability for contributors to lend compute directly to our AI fraud detection network as an additional form of contribution and reward. We plan to build a suite of tools in the future with $KLED as the central currency. Fraud detection, compute, decentralized data storage. The captcha network scales first.
Everything described here represents where we are today. These mechanisms will evolve and we reserve the right to adjust any of them at any time.
The gamification buyback and burn mechanism is the area we expect to experiment with the most. The current structure, 100% of XP purchases market bought and 50% burned, is our starting point. If adjusting the burn ratio or gamification buyback mechanism drives better user retention or more fee pool activity, we will make those changes.
The UFDP is just getting started. We are exploring the ability for contributors to lend compute directly to our AI fraud detection network as an additional form of contribution and reward. We plan to build a suite of tools in the future with $KLED as the central currency. Fraud detection, compute, decentralized data storage. The captcha network scales first.
The Leading Data Marketplace.
Support
A Nitrility Inc. Company
Kled AI © 2026
The Leading Data Marketplace.
Support
A Nitrility Inc. Company
Kled AI © 2026
The Leading Data Marketplace.
Support
A Nitrility Inc. Company
Kled AI © 2026