{"id":"koge","title":"Koge","content":"**Koge** (KOGE), also known as the 48 Club Token, is the native governance and utility token of 48 Club,  a [decentralized autonomous organization (DAO)](https://iq.wiki/wiki/dao) that functions as a community-led investment fund operating on the [BNB Smart Chain](https://iq.wiki/wiki/binance-bridged-usdc-bnb-smart-chain). The token's primary purpose is to grant holders voting rights on investment proposals and other governance matters within the 48 Club ecosystem.  [\\[1\\]](#cite-id-fK9LtXVNrXSCd01x) [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)​\n\n## Overview\n\n48 Club positions itself as a \"Decentralized Autonomous Investors\" group, leveraging a [DAO](https://iq.wiki/wiki/dao) structure to manage a collective treasury for venture-style investments. The organization's core mission is to identify and support promising early-stage projects, primarily within the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem. The Koge token is central to this model, serving as the instrument through which the community exercises control over the treasury and its investment decisions. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed) [\\[3\\]](#cite-id-mZhrQaCepBV8ay1z)​\n\nThe project was founded by an anonymous group described as \"early BNB Chain investors and developers\" or \"a group of investors with a common passion for BNB.\" The founders chose to remain anonymous to emphasize the project's commitment to decentralization and community-led governance. [\\[1\\]](#cite-id-fK9LtXVNrXSCd01x) [\\[3\\]](#cite-id-mZhrQaCepBV8ay1z) [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)​\n\nIn addition to governance, Koge serves as a membership token, granting holders access to benefits such as airdrops from portfolio companies and participation in exclusive investment opportunities. The ecosystem is designed as a synergistic loop: the treasury invests in projects, successful investments generate profits, and a significant portion of those profits are used to buy Koge tokens from the market and permanently remove them from circulation, theoretically increasing the value of the remaining tokens. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed) [\\[4\\]](#cite-id-0yiACZgA77fpn0Pt)​\n\n## History\n\nWhile the conceptual origins of 48 Club may trace back to 2017/2018, the project's official public launch took place in the third quarter of 2021. This milestone marked the establishment of the formal [DAO](https://iq.wiki/wiki/dao) structure and the introduction of the Koge token. Koge's debut was conducted through the first-ever Initial DEX Offering (IDO) on the [Binance Smart Chain](https://iq.wiki/wiki/binance-bridged-usdc-bnb-smart-chain), and it subsequently began trading on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) such as [PancakeSwap](https://iq.wiki/wiki/pancakeswap). [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed) [\\[4\\]](#cite-id-0yiACZgA77fpn0Pt)​\n\nFollowing the launch, the club activated its [DAO](https://iq.wiki/wiki/dao) governance model in the fourth quarter of 2021 when the community voted to approve its first strategic investment. This event demonstrated the practical application of the Koge token as a tool for decentralized decision-making. The token's market value experienced significant growth during this period, reaching an all-time high price of approximately 0.05 in June 2022. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)​\n\nA key event in the project's economic roadmap was the completion of its first successful Koge buyback-and-burn event in the first quarter of 2022. This demonstrated the viability of the project's profit-sharing and deflationary model, where returns from investments were used to reduce the token's total supply. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)​\n\n## Tokenomics\n\nKoge (48 Club Token), commonly referred to by the ticker KOGE, is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) issued on the [BNB Smart Chain](https://iq.wiki/wiki/binance-bridged-usdc-bnb-smart-chain). The token follows the [BEP-20](https://iq.wiki/wiki/bep-20) token standard and was launched with an initial total supply of 100,000,000 KOGE. It functions as a digital asset within the 48 Club ecosystem, where it is intended to support platform-related transactions and participation. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)​\n\n### Buyback-and-Burn Mechanism\n\nThe primary value accrual strategy for the Koge token is its buyback-and-burn program. This deflationary process is designed to create positive price pressure by reducing the number of tokens in circulation. [\\[1\\]](#cite-id-fK9LtXVNrXSCd01x) [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)​\n\n#### Funding and Process\n\nThe program is funded by allocating 50% of all profits realized from the club's investments. These funds are used to purchase Koge tokens from the open market. The purchased tokens are then sent to a burn address, a wallet from which they can never be retrieved, permanently removing them from the total supply. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)​[\\[4\\]](#cite-id-0yiACZgA77fpn0Pt)​\n\n#### Frequency and Goal\n\nBuybacks are planned to occur once per quarter. However, each quarterly event is subject to approval through a [DAO](https://iq.wiki/wiki/dao) governance vote, giving Koge holders direct control over the execution of the deflationary policy. The stated long-term goal of the program is to use the buyback mechanism to eventually burn the entire supply of Koge. [\\[4\\]](#cite-id-0yiACZgA77fpn0Pt)​\n\n## Use Cases\n\n### Governance and Membership\n\nThe token's primary utility is granting participation rights in the [DAO](https://iq.wiki/wiki/dao). Holders can vote on all 48CIPs, influencing key decisions related to investments, treasury management, and protocol rules. Beyond voting, holding Koge serves as a membership credential, providing access to exclusive benefits, which may include:\n\n* Eligibility to join the exclusive BNB48 Club member chat group. [\\[4\\]](#cite-id-0yiACZgA77fpn0Pt)\n* [Airdrops](https://iq.wiki/wiki/airdrop) of tokens from projects within the 48 Club investment portfolio. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)\n* Access to participate in exclusive investment rounds or private token sales for portfolio projects. [\\[2\\]](#cite-id-Z5ADQXlHipdaqYed)\n\n### Broader Ecosystem Applications\n\n* **Real-World Transactions:** The token is intended to be accepted for payments within the e-commerce and travel industries.\n* **Ecosystem Participation:** Koge facilitates interaction with decentralized applications (Dapps) and can be used for crowdfunding new projects.\n* **Network Support:** The token is involved in node construction activities on both the [Binance Chain](https://iq.wiki/wiki/binance-smart-chain) and [Binance Smart Chain](https://iq.wiki/wiki/binance-bridged-usdc-bnb-smart-chain). [\\[1\\]](#cite-id-fK9LtXVNrXSCd01x)","summary":"Koge (KOGE) is the governance and utility token for the 48 Club® DAO on BNB Smart Chain, granting holders voting rights and benefits. The project utilizes a buyback-and-burn mechanism to manage supply.","images":[{"id":"QmeeMQhTGcFFruJ4HjYw3eCBVeVhrUd7nmvGSGPMm6jp5D","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"BinanceSmartChain"},{"id":"Developers"},{"id":"Organizations"},{"id":"Venture"},{"id":"Protocols"}],"media":[],"metadata":[{"id":"references","value":"[{\"id\":\"fK9LtXVNrXSCd01x\",\"description\":\"CoinMarketCap: Koge\",\"timestamp\":1773226730729,\"url\":\"https://coinmarketcap.com/currencies/bnb48-club-token/\"},{\"id\":\"Z5ADQXlHipdaqYed\",\"description\":\"48 Club Official Website\",\"timestamp\":1773226723913,\"url\":\"https://www.48.club/\"},{\"id\":\"mZhrQaCepBV8ay1z\",\"description\":\"CoinGecko: KOGE\",\"timestamp\":1773226714212,\"url\":\"https://www.coingecko.com/en/coins/koge\"},{\"id\":\"0yiACZgA77fpn0Pt\",\"description\":\"Koge Whitepaper\",\"timestamp\":1773226700796,\"url\":\"https://drive.google.com/file/d/1RZxJamk3dK2w-4e4TI98uXe1bCLd2Vz1/view\"}]"},{"id":"website","value":"https://www.48.club/"},{"id":"twitter_profile","value":"https://twitter.com/48club_official"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/bnb48-club-token/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/bnb48-club-token"},{"id":"contract_url","value":"https://bscscan.com/token/0x1ab895563911322f1ce157c1753a123652872322"},{"id":"github_profile","value":"https://github.com/48Club"},{"id":"discord_profile","value":"https://t.me/cn_48club"},{"id":"medium_profile","value":"https://medium.com/48-club-publish"},{"id":"bscscan","value":"https://bscscan.com/token/0xe6df05ce8c8301223373cf5b969afcb1498c5528"},{"id":"nansen","value":"https://app.nansen.ai/token-god-mode?chain=bnb&tab=transactions&tokenAddress=0xe6df05ce8c8301223373cf5b969afcb1498c5528"},{"id":"commit-message","value":"\"Added wiki page for Koge (KOGE)\""}],"events":[{"id":"1de60d51-e0f6-4b70-aff2-921fad8521e1","date":"2017-09","title":"48 Club® Founded","type":"CREATED","description":"48 Club®, the Decentralized Autonomous Organization (DAO) behind the Koge token, was founded.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"5d7184a5-9b32-4997-9b81-b9ab29a4e9f6","date":"2021-08","title":"Koge Token Launch","type":"DEFAULT","description":"The Koge token was launched via the first Initial DEX Offering (IDO) on the Binance Smart Chain and began trading on decentralized exchanges like PancakeSwap.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"967554e8-da54-45dc-ab3d-15425e444122","date":"2021-11","title":"Reached All-Time High Price","type":"DEFAULT","description":"The Koge token reached its all-time high price of approximately $4.50, coinciding with a broader market peak.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"eb69e45a-6db3-4c48-a314-dd4b1965ba7c","date":"2021-12","title":"First Strategic Investment Approved","type":"DEFAULT","description":"48 Club® announced its first community-approved strategic investment, activating its DAO governance model.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"1e45cbeb-cdf6-4085-b75d-fe4dd1d1b622","date":"2022-02","title":"First Koge Buyback-and-Burn Event","type":"DEFAULT","description":"The first successful Koge buyback-and-burn event was completed, demonstrating the viability of its profit-sharing model.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x4a2bC97afBF41a2Cbf4b4628F63420682Ff4CF2a"},"language":"en","version":1,"linkedWikis":{"blockchains":["binance-bridged-usdc-bnb-smart-chain"],"founders":["anon"],"speakers":[]}}