What is Khala Network? Details of Khala Network and K-PHA

• Khala Network project overview
• Overview of K-PHA tokens
• summary

Khala Network project overview

What is Khala Network?

Khala Network is a distributed cloud computing service that uses secure technology based on TEE (Trusted execution environment). Khala Network provides security services for the important data of individuals or businesses.

Explanation of words : Trusted execution environment (TEE) is an environment in which to execute code, which will have a high level of trust.

Some notable features of Khala Network

Khala Network is a Parachain on Kusama , Khala Network will provide computing power (power) for different blockchains. At the same time, Khala Network is also capable of protecting the privacy of the data layer and DeFi transactions taking place on blockchains.

Khala Network is currently developing an On-chain data analysis tool, Web3 Analytics, similar to the Google Analytics tool. In addition, Khala Network's Distributed computing cloud is very secure and flexible.

Investors and partners

Investor of Khala Network

Khala Network is invested by large funds such as KR1, IOSG Ventures, Incuba Alpha, Web3 Venture Capital...

Some investors of Khala Network.

Partners of Khala Network

Khala Network has attracted partners such as Bifrost Finance, Crust Network, Dego Finance, Astar Network , Karura ...

Some of Khala Network's partners.

Overview of K-PHA tokens

What is K-PHA?

K-PHA is the native token of Khala Network, it is used to:

• Payment of transaction fees : Investors use K-PHA to pay transaction costs and exchange network resources such as trusted computers, data storage and other services .
• Participation in governance (Governance) : K-PHA token holders have the right to propose and contribute ideas to help developers build the Khala Network project.

Basic information about K-PHA . token

• Token Name : Khala Network
• Ticker : K-PHA
• Blockchain : Updating
• Token Standard : Updating
• Contract Address : Updating
• Total  Supply : Updating
• Circulating Supply : Updating

Distribution of K-PHA tokens

Phala Network does not build new Tokenomics for Khala Network on Kusama. The project team decided to use a part of PHA tokens to convert to K-PHA, this K-PHA token will be a reward for those who contribute to helping Khala Network win the Parachain auction on Kusama. Currently, there is no detailed information on the amount and schedule of K-PHA token distribution.

summary

Thus, TraderH4 has just brought you all information about the Khala Network project and the K-PHA token. The fact that Khala Network has raised more than 132,280 KSM (about 45 million USD) shows that this project has received interest from many investors. In response to those investors' trust, developer Khala Network said that they are implementing a plan to build bridges with blockchains such as Binance Smart Chain , Heco Chain, Solana , etc. In addition, in the near future. , Khala Network also launched XCMP (Cross-Chain Message Passing) for interoperability with other Parachains of Kusama and Polkadot .

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