A Brief History of $KOTO

The concept of $KOTO was introduced in the Studio Mirai Discord in July 2022 as an in-Discord currency to facilitate Kotaro’s lifelong fantasy of becoming an all-powerful and ruthless dictator with unprecedented control over the financial wealth and livelihood of his citizens. Unfortunately, Kotaro could never realize this vision in the real world, so he decided to take things to Discord instead. Over time, $KOTO has become Studio Mirai’s ecosystem currency, and is routinely given out as a prize for winning contests or spinning the Wheel of Nozomi. As with many things in life, the $KOTO sword cuts both ways. $KOTO is a centralized currency which means Kotaro has the ability to both GIVE and TAKE — it’s just how things are.

Judging from the community reception to $KOTO, we believe Kotaro’s currency experiment was a success. As a result, we’ve decided to raise the stakes and convert $KOTO to an on-chain token. However, $KOTO won’t be like other tokens in this space. Let’s dive into why Nozomi is a dual-token economy, and what makes $KOTO and $ANTIKOTO special.