Kira Network - Defi 2.0

By Kirafan | crypto_alts | 9 Oct 2020

What is Defi

Defi, aka Decentralized finance refers to financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.

Defi services enable us to :

Borrow and lend cryptocurrencies to earn interest using platforms such as Compoundor Aave.
Bet on the outcome of events using Augur.
Create and exchange derivatives of real-world assets such as currencies or precious metals on Synthetix.
Take part in a no-loss lottery on PoolTogether, where everyone gets their money back and one lucky participant wins all the interest that has accrued in a shared pot.
Buy cryptocurrencies known as stablecoins, which are pegged to the value of a particularly currency or commodity. For example, DAI and USDC are both pegged to the US dollar. (https://theconversation.com/what-is-defi-and-why-is-it-the-hottest-ticket-in-cryptocurrencies-144883)

What is Kira

KIRA is an interchain exchange protocol powering the defi by liquid staking. KIRA is the first decentralized network that allow market access to any digital asset (crypto,flat,nft and etc) in the interchain ecosystem.

Liquid Staking

KIRA introduces a novel approach of using all the value at stake to further power DeFi applications deployed on top. The consensus natively supports 1:1 staking derivatives that are transferable, tradable and stakeable on leverage on multiple different chains at the same time.

(https://interchain.exchange/)

Initial Validator/Delegator Offering

Kira is providing a new crowdfunding mechanism where investors stake their assets to “interchain-mine” a new token instead of receiving the network fee or staked rewards. They receive a newly minted token. The minted token are pegged to the value of the network fee or staked reward.

In short, investors are using their staked rewards to interchange a new token offering. Investors are able to re-delegate their assets to other IVO projects if the project promises are unable to delivered.

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Multi-Bonded Proof of Stake

KIRA Protocol will implement the MBPoS that allow investors real-world assets and cryptocurrencies stake. This will avoid the Security Leaks (one validator acquiring major voting power) and enable investors to maximum gain their staking from any digital asset such as cryptocurrencies, digital flat and event NFT’s.. The security of the network will also increases with every new assets deposited and staked.

KIRA is secured by the Multi-Bonded Proof of Stake consensus, enabling users to earn revenue from staking any digital asset type such as cryptocurrencies, digital fiat, and even NFT’s. The security of the network increases with every new token trustlessly deposited and staked.

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(https://interchain.exchange/)

Token Metrics

Ticker: KEX

Total Circulating Supply : 300,000,000 KEX

Initial Circulating Supply : 12,483,333 KEX

Initial Market Cap (based on $0.075) : $936,250

Until mainnet launch , every month : 5,000,000 KEX released

Seed :

Amount: $300,000
Valuation: $0.025 / KEX plus value added
Distribution: starts on month 3 after mainnet, ends on month 18

Private :

Amount: $3,300,000
Valuation: $0.05 / KEX plus value added
Distribution: starts on month 1 after mainnet, ends on month 18(https://medium.com/kira-core/kira-network-token-metrics-dc3484047c7c)

Strategic Partners

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