What Is KardiaChain (KAI)?
KAI is the native token of KardiaChain, which is a blockchain ecosystem based in Southeast Asia. The main aim of the network is to facilitate the mass adoption of blockchain technology. KardiaChain is an interoperable blockchain, which means that it can easily connect with other chains. Note that the KardiaChain price chart placed above features the previous, as well as the current, KAI price.
The core elements of the KardiaChain ecosystem are:
- KAIDEX – a decentralized crypto exchange. It integrates DeFi capabilities with Web3 concepts to give traders a complex trading environment.
- KAI Wallet – a hardware crypto wallet that utilizes private keys and allows users to review transactions before placing them on the blockchain.
- BeLand – a metaverse that stores various dApps, games, and NFT collections.
- KardiaChain Incubator – a startup accelerator that allows businesses to launch their own dApps on the KardiaChain network.
The Founders of KardiaChain
The mainnet of the KardiaChain crypto project was released in 2020 by Tri Pham and Huy Nguyen.
Tri Pham is the CEO of KardiaChain. He has a degree in engineering physics as well as marketing, branding, and e-business. Prior to co-founding KardiaChain, he was a lecturer at the Ho Chi Minh City University of Transport, the COO of Makbiti Jewellry, and the director assistant at KOTO. Besides that, he also co-founded appFluke.
Huy Nguyen is the CTO of KardiaChain. He has a degree in Electrical Engineering and Computer Sciences. Before founding KardiaChain, Nguyen was a researcher at Berkley University, a software engineer at Cisco Systems, and a staff software engineer as well as the tech lead manager at Google.
How Does KardiaChain Work?
In order to easily connect with other chains, KardiaChain utilizes a permissionless Dual Master Node structure. It allows other chains to connect with KardiaChain without altering the technologies or the protocols they use. How? In essence, the Dual Node system enables KardiaChain to access its own ledger and the ledgers of other chains simultaneously.
Also, in order to secure the network and ensure its performance, KardiaChain employs an elastic sharding with an incentive mechanism (ESWIM). By changing block reward distribution and transaction fee commission, ESWIM keeps the right amount of nodes and staking power in Dual groups and the main network.
Besides that, in order to provide developers with an efficient way to create cross-chain smart contracts, KardiaChain employs smart contract markup language (KSML). It essentially provides users with a simple way to write contracts without having any prior experience.
Talking about the consensus mechanism, KardiaChain utilizes Delegated Proof-of-Stake (DPoS). It’s based on the Byzantine fault-tolerant algorithm and it essentially is an improved version of Proof-of-Stake. Instead of having a huge amount of validators, DPoS has delegates who are chosen by stakers. Delegates validate transactions and create new blocks.
The Purpose of KAI Tokens
KAI is the driving force behind the KardiaChain crypto project. The main use cases of KAI tokens include:
- Staking
- Payment method within the KardiaChain ecosystem
- Means to access KardiaChain’s services and products
Again, make sure to check out the KardiaChain price chart if you're interested in how the KAI price has shifted over time.
Tokenomics of KAI
The max supply of KAI tokens is 5 billion. 16.32% of the entire supply was sold during private sales, while 16% of the supply was reserved for the IEO that was held on Gate.io. Talking about the further token distribution, 10% is dedicated to block rewards. The remaining supply is split between the KardiaChain ecosystem, the community, the core team, the advisors, and the foundation reserves.
If you want to buy KardiaChain tokens, always keep in mind that the KAI price, just like the prices of most assets, has a tendency to change. Why? Among many other reasons, the main one is the volatility of the cryptocurrency market, which highly affects the KardiaChain price in addition to the value of many other tokens.
