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.
Within the ecosystem, the $KILT token is used for three things: (1) attestation payments, (2) infrastructure payments and (3) staking.
Attestations and the delegation of trust require tokens.
Offer a decentralised network to build credential and identity scenarios on.
$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.
Attesters of credentials pay a gas fee to the Kilt protocol in $KILT which is then distributed to validators/delegators.
|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
... coming soon
Launch on Kusama
KILT Token utilities: payment, on-chain, and staking mechanisms for collators and delegators.
Allocation and Emission.
No calculation connected