What is thena? Discover the outstanding features of Thena and THE . token
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
What is Karura (KAR)? Learn about the Karura project and the KAR . token
- Overview of the Karura . project
- Karura project development roadmap
- Karura's Social Network (KAR)
- Overview of the KAR . token
- Karura Karura . Project Review
- summary
Overview of the Karura . project
What is Project Karura?
Karura is a decentralized finance hub (DeFi Hub) built on Kusama. Karura offers scalability and compatibility with the EVM virtual machine system allowing developers to build DeFi projects more easily, securely with low transaction costs.
In addition, Karura is a Parachain on Kusama, so Karura can easily interact with other Kusama projects.
Features of Karura
Safety and Security : Karura is built on Kusama so it will inherit Kusama's plug-and-play security system. Therefore, users using Karura do not have to worry about security issues.
Cross-chain technology integration: With this technology Karura provides interoperability between two or more different blockchains without the need for a 3rd party. This makes it possible for users to use Karura's features. easier and more convenient.
Offering a variety of products: Karura offers users a Staking platform & provides liquidity (Liquid KSM Staking). In addition, Karura also offers a multi-collateralized stablecoin (kUSD) and DEX exchange under the AMM model, similar to Uniswap.
Some features of Karura
Liquid KSM Staking : Karura will allow users to staking KSM to get LKSM (Liquid KSM). This token will be used for swap or used as collateral to borrow as well as provide liquidity for Karura.
Swap : Karura uses cross-chain technology to provide users with a DEX (Cross-chain exchange) built on Kusama.
Mint kUSD : Karura Dollar is a decentralized and multi-collateralized stablecoin. This currency has the same value as USD. User can mint kUSD by locking KSM or KAR in Karura Vaults.
Karura . developer team and investors
Development team
Karura's development team, including: Ruitao Su, Bette Chen, Fuyao Jiang, Bryan Chen and some other engineers have many years of experience in the field of blockchain technology.
Karura's development team.
Investors
Karura is invested by many large funds such as Alameda Research, Coinbase Ventures, CMS, Republic Labs, Polychain Capital, CoinFund...
Some of Karura's investors.
Partner
Karura's strategic partners include two main partners Laminar and Polkawallet.
Karura's strategic partner.
In addition, Karura also attracted many more partners from Kusama such as: Moonbeam , Bifrost Finance, Moonriver , Astar Network ...
Karura's partner.
Karura project development roadmap
Stage 1: CrowdLoan and auction (completed)
About CrowdLoan.
Pre-register for Karura CrowdLoan.
Launching CrowdLoan.
Successful CrowdLoan Auction on Kusama Parachain.
Launch Karura Genesis.
Finalize KAR token distribution.
Stage 2: Governance via PoA (completed)
Governance using the Proof of Authority consensus protocol.
Technology development and system upgrade.
Perform a bridge opening from Kusama to Karura.
Distribution of KAR tokens.
Get KAR Tokens.
Implement board governance activities.
Stage 3: Governance through Karura . board
The Karura General Council has the power to appoint and vote on decisions of the Acala Foundation (complete).
Deployment of democracy (completed).
Voting decided to drop sudo (complete).
Enable token transfer (complete).
Tokens are swappable (complete).
Starting to allow the casting of Karura bronze (completed).
L-KSM upgrade (Liquid KSM) (completed).
Enables bridging between Bitcoin and Ethereum chains (in progress).
Update Liquid Staking (in progress).
Proposal to use USDT in the network (in progress).
Implement portability in Kusama (in progress).
Deploy the Acala virtual machine on Karura (in progress).
Stage 4: Governance through the Electoral Council
After the Acala Foundation completes the milestones in the Roadmap, KAR holders will elect the Karura Council with the same electoral process as in Kusama.
Karura's Social Network (KAR)
Website: https://acala.network/karura
Twitter: https://twitter.com/KaruraNetwork
Telegram: https://t.me/karuranetwork
Discord: https://discord.com/invite/HpsZx5r
Linkedin: https://www.linkedin.com/showcase/karuranetwork/
Overview of the KAR . token
What is KAR used for?
KAR is Karura's token, it is used to:
Use as transaction fee : Users will use KAR to pay for every transaction on Karura.
Node Incentivisation: KAR is used as an incentive for nodes on the Karura network.
Participation in governance (Governance) : KAR token holders have the right to propose and contribute ideas to help developers build the Karura project.
Algorithmic Risk Adjustment : KAR is used to adjust parameters such as interest rates and mortgage rates on Karura properties.
Pallet Deployment : Users can deploy new pallet Substrates on Karura by staking KAR.
Overview of the KAR token.
Some basic information of KAR
- Token name : Karura
- Ticker : KAR
- Relay Chain : Kusama
- Contract Address : Updating
- Total Supply : 1,000,000,000 KAR
- Circulating Supply : 8,628.261 KAR
Allocate KAR tokens
- Community : 60.87%
- Early Backer : 18.33%
- Backer : 10.08%
- Founding Team : 10%
Allocate KAR tokens.
The KAR allocation schedule will be implemented as follows:
Team : KAR is locked for 18 months from July 2021 and then Karura will pay back to Team over the next 18 months.
Early Backer : KAR is locked for 12 months from July 2021 and then Karura will pay back to Early Backer over the next 12 months.
Backer : KAR is locked for 1 month from July 2021 and then Karura amortizes Backer for 5 months.
Parachain Auction Supporter : 30% KAR will be unlocked by Karura and rewarded to investors immediately after liquidity. The remaining 70% of KAR will be amortized in 48 weeks.
KAR token allocation schedule.
How to Store and Own KAR
Investors can buy KAR on exchanges such as Kucoin , Gate.io, OKEx, Kraken ...
In addition, investors can store KAR in wallets like Polkaswap Wallet and Fearless Wallet.…
Review of the Karura . project
Karura is a Layer-1 smart contract provider optimized for DeFi applications deployment. Karura plans to release Karura Dollar Stablecoin to help build a global trading system and liquid staking feature to help users maintain liquidity when staking assets.
Besides, the successful auction and winning a place in Kusama's parachain is the first step to help Karura achieve greater strides in the future. We believe that, with the support from a large partner and Karura's efforts, this project has achieved much success and gained a foothold in the community.
summary
Above is all the basic information about the Karura project and the KAR token. It can be said that Karura has developed its strengths very well and this is reflected in the fact that the Karura project has raised more than 500,000 KSM equivalent to 100 million USD from 15,000 investors. In the future, this project may be further developed. With the above information, hopefully you have some comments about the Karura project and can consider carefully before making an investment decision for yourself.
What is Blockade Games? Information about the Blockade Games project
Blockade Games provides a platform that allows developers to create blockchain games. In addition, Blockade Games also creates many interesting free games.
What is UNQ Club? All information about UNQ Club and UNQ token token
UNQ Club is a project that provides a blockchain platform that allows investors to collect and manage existing NFT assets.
What is BENQI (QI)? All information about the project and token QI
BENQI is one of the important pieces of the Avalanche ecosystem. Join TraderH4 to find out what BENQI (QI) is as well as detailed information about the QI token.
What is SafePal (SFP)? Project overview and SFP token
In addition to a cryptocurrency storage wallet, SafePal is also known to many investors for its SFP tokens and airdrop events with attractive rewards.
What is AKITA? Detailed overview of Akita Inu and AKITA tokens
The fever from Akita Inu in the Crypto market in the past time has created a great buzz along with the rapid development of the "dog house token".
What is IoTeX (IOTX)? Detailed introduction of IoTeX project and IOTX token
What is IoTeX? This is a blockchain built and developed in conjunction with the Internet of Things (IoT). Join TraderH4 to learn this article.
What is OKB? Things to know about OKB
What is OKB? OKB is an exchange coin of OKX and the OKX Chain blockchain. Let's learn about OKX and OKB exchanges with TraderH4 in this article.
What is DROPP GG? About DROPP GG project and DROPP token
DROPP GG brings an innovative and novel idea to provide an NFT mint platform based on geographies outside of the real world.
What is CronaSwap? Exploring the details of CRONA
CronaSwap is a DEX built on Cronos Chain, which has a similar model to Uniswap.
