Paimon Kalshi SPV Token Issuance Rules – Quick Guide 💎 $xKLSH and $pKLSH are Kalshi equity tokens issued by @Paimon_Finance via an SPV (BEP-20 on @BNBCHAIN ). The SPV directly holds 3,021.15 Kalshi shares (≈0.00898%), fully 1:1 collateralized. Total issuance is hard-capped at 89,782 tokens — no over-issuance possible. 💰Price & Size Liquid Tranche (no lock): 39 USD per token (corresponding to a ≈US$39B Kalshi valuation) Term Tranche (6-month lock): Effective price ≈28 USD per token (via 1.4× conversion, corresponding to ≈US$28B valuation — ~30% discount) 🪙 Series I offering: 64,130 tokens (≈US$2.5M), plus 25,652 tokens pre-reserved as the Conversion Reserve. 📅 Sale window: July 28–30, settled in USDT. Two Options (choose once at subscription, irreversible) 1️⃣ Liquid Tranche – $xKLSH 💧 Delivered immediately and freely transferable at 39 USD. $xKLSH/USDT pool opens within 24 hours after sale close (seeded with Paimon’s own capital). 2️⃣ Term Tranche – $pKLSH 🔒 Non-transferable and non-convertible for the full 6-month term, effective entry at ≈28 USD. At maturity, each $pKLSH automatically converts into 1.4 $xKLSH. The extra 0.4× is fully covered by the pre-locked Conversion Reserve. Even if 100% of buyers choose the Term Tranche, every conversion is guaranteed — no lottery, no dilution. 📊 Simple comparison (US$1,000 example) Liquid Tranche (39 USD, no lock) → ≈25.64 $xKLSH today Term Tranche (effective 28 USD + 6-month lock) → ≈35.90 $xKLSH after 6 months (40% more tokens) 🚪 Exit Path At Kalshi IPO + 6 months, $xKLSH can be converted into a regulated custodial listed-equity stock token (via bStock, Ondo, xStocks or similar rails). All rules are on-chain, the reserve is pre-funded, and the worst-case scenario is fully covered by design. Definitive terms are subject to the official offering documents. 🤝 Co-launching partners: @lista_dao , @kucoincom ,@astros_ag #Paimon# #xKLSH# #pKLSH# #Kalshi#