🥳 We are fundraising. Interested? Contact us.

Cover Image for Kilt Protocol

Kilt Protocol

The KILT protocol is a layer 1 blockchain, specialising on self-sovereign identity - the management of identity and credentials or what Vitalik calls soulbound-tokens.

Categories:

Layer1

Updated:

2023-03-10

Tags:

Multi-Party-Computation

Ticker:

KILT

Token Strength.

Token Utility:

Within the ecosystem, the $KILT token is used for three things: (1) attestation payments, (2) infrastructure payments and (3) staking. 

Demand Driver:

Attestations and the delegation of trust require tokens.

Value Creation:

Offer a decentralised network to build credential and identity scenarios on.

Value Capture:

$KILT as many other L1 tokens is used mainly for gas fees. The value capture of the token then relates to the demand for usage of the blockchain and its attestation services.

Business Model:

Attesters of credentials pay a gas fee to the Kilt protocol in $KILT which is then distributed to validators/delegators.

Loading

Protocol Analysis.

Details
Problems & Solutions
The community only governs over a supply of minted tokens that doesn't have any new inflows
As most L1 the success will depend on adoption and use cases built on the ecosystem
Predecessors
None

Investment Take

... coming soon

Tokenomics Timeline.

  1. 2021-09-07

    Launch on Kusama

    KILT Token utilities: payment, on-chain, and staking mechanisms for collators and delegators.

Loading

Allocation and Emission.

No calculation connected

Loading

Resources.

Author.

Loading