Before you invest, understand exactly how your kWi works.
This section is for people evaluating entering as an early investor. It explains, step by step, what you're buying, how it unlocks over time, and lets you simulate different scenarios before deciding anything.
Includes risk warnings and an interactive simulator. This is not a formal investment offer.
Kipwi · early investor guide
How your kWi turns into Kip
This document explains, in plain language, what you're buying when you acquire kWi, how and when it unlocks, and how it converts into Kip — including a simulator so you can see the mechanism in action before deciding.
Before you read furtherThis is an educational, informal document — not a formal investment offer or a legal prospectus. Kipwi is still validating the actuarial side (mortality rate, sum insured) and the legal side (the applicable regulatory regime depending on jurisdiction) of this model. The numbers and scenarios below are illustrative simulations, not guaranteed projections or promises of return. Before investing, you should be comfortable that this is an early-stage project, with real risk of total capital loss.
1. What is kWi
kWi is the instrument you buy now, at this early stage. It isn't Kip yet — it's a right to become Kip later, at a preferential price, once Kipwi's insurance business is operating with real data.
Think of it as an early, discounted reservation: you enter before the final product exists, and in exchange you get a better conversion rate than someone who enters later.
2. How your purchase unlocks — cliff and vesting
1You buy kWi today, in one of three available tranches (seed, private, or strategic), each with its own price and conditions.
2Cliff: during the first few months (3 to 6, depending on the tranche), none of your purchase can convert yet — it's a mandatory waiting period.
3Vesting: after the cliff, your kWi unlocks gradually, month by month, completing between 12 and 18 months after your purchase.
4Activation: even once your kWi is fully unlocked, conversion to Kip only activates when the business reaches a real milestone (a certain number of completed insurance pools, or an 18-month cap) — never before there's a real business behind it.
3. Why Kip's value now also depends on Bitcoin
The portion of each premium that backs Kip's value (not the portion that pays out claims — that always stays in dollars) is held in Bitcoin instead of a stable digital dollar. This is a deliberate project decision so that Kip carries the same volatility as Bitcoin.
What this means for you, concretely
The amount of Kip you ultimately receive for your kWi doesn't depend only on how much Kipwi's business grew — it also depends on whether Bitcoin's price rose or fell during the months your position was unlocking. Two people who buy the same amount of kWi on the same day can end up with different amounts of Kip, simply because their vesting completed in different months with different Bitcoin prices. This can work in your favor or against you, and it isn't something the project controls or can promise.
4. Simulator — try it yourself
Choose a tranche and a Bitcoin price scenario, and watch how your kWi unlocks and converts into Kip over 24 months.
These three scenarios are illustrative — Bitcoin's real price can move in ways none of them anticipate.
kWi purchased
—
Current BTC price
—
Current Kip NAV
—
Cumulative Kip received
0.00
Month 0
BTC price (simulated)Kip NAV (USDT)
BTC priceKip NAV per token
Before the cliff, kWi doesn't unlock — there's nothing to convert yet.
Month-by-month detail
Month
BTC price
Kip NAV
kWi unlocked
Kip received this month
5. Frequently asked questions
Can I sell my kWi before it converts?
No. kWi isn't freely transferable — it can only convert to Kip, following the vesting and activation rules described above. There's no market to resell it before that conversion.
What happens if the business never reaches the activation milestone?
This is a real risk you should consider. The formal investment document (convertible note) you sign must specify what happens in that scenario — it's one of the conditions currently being defined together with the project's legal counsel.
Where does the money go — who do I pay?
To a project treasury account/wallet, separate from the founder's personal assets — not to a personal account or wallet.
Is this regulated?
That's exactly what's being evaluated with specialized legal counsel before any formal offer. This document and the simulator are educational material while that validation moves forward — not a public offer or a guarantee of regulatory compliance.
