KILT Protocol (KILT)
Platform
KILT is an open-source fat blockchain protocol for issuing claim-based verifiable, revocable, and anonymous credentials in the Web 3.0
Dec 1, 2021 00:00:00
Dec 31, 2021 23:59:00
ICO Details
What Is KILT Protocol?
KILT is an open-source fat blockchain protocol for issuing claim-based verifiable, revocable, and anonymous credentials in the Web 3.0. It allows end users to claim arbitrary attributes about themselves, get them attested by trusted entities, and store the claims as self-sovereign credentials (certificates). As trusted entities can issue credentials in return for money, KILT aims to foster new business models for anyone who owns trust or wants to build up trust. KILT Protocol comes with a simple JavaScript SDK where useful applications can be built without requiring any blockchain development skills.
KILT Protocol Unique Features
- True decentralisation by giving all coin holders the opportunity to contribute to the network either as collator or delegator. Coin holders can also participate in governance decisions by proposing or voting, or by joining the Council or the Technical Committee.
- Long-term incentivisation of collators for their valuable work.
- Very low inflation rate (starting at around 5% and falling to below 1% after 6 years) to support sustainable and long-term growth of the ecosystem.
- Maximal number of coins minted is capped mathematically. The limit can be calculated through asymptotic analysis.
- Possibility of self-sustainable parachain after about 5 years, by accumulating KILT Coins in the Treasury and using them for a parachain slot.
Roadmap
Token Economy
Detailed Token Metrics
Updating
Token Distribution
Token Release Schedule
Updating
Partners & Advisors
Team Members
Investors
Alves Ventures, Moonboots Capital, BMW Capital.