Overview Kira is a decentralized network, conceptualized and designed by the Kira Core JSC. The codebase (sekai repository) is open sourced at github.com/kiracore and initially maintained by Kira Core with the intention to be fully migrated on-chain and further managed by the KIRA Network itself, without dependency on continuous codebase maintenance by any centralized entity.KIRA Network is not owned by any centralized entity, Kira Core JSC or any other entity related to the Kira team holds no power over any of the network operations. No single person or entity regardless if centralized or decentralized can single handedly control the network, regardless of their wealth status or amount of KEX tokens accumulated. Cryptocurrency space is a highly competitive environment, Kira is designed to provide the minimum set of novel and essential features to ensure its competitiveness and long term presence in the ecosystem. ● Security - Multi-Bonded Proof of Stake ● Liquidity - Staking Derivatives ● Utility - Exchange Protocol ● Scalability - dApp Sharding ● Sustainability - Governance System ● Upgradability - Contracting System ● Interoperability - IBC & XCMP Protocols ● Expansibility –

Kira utilizes the value of real assets at stake to secure the network thanks to it’s novel Multi-Bonded Proof of Stake (MBPoS) consensus. Compared to other types of PoS algorithms there are no limitations in regards to how much value can be at stake and what types of digital assets can be staked to ensure that total value locked (TVL) is sufficient to secure Kira regardless of the changing market conditions. Liquidity Decentralized Finance aims to provide asset holders with ability to maximally utilize the potential of their capital to generate income. Kira natively supports staking derivatives representing staked tokens 1:1 to maintain security while providing liquidity of all assets at stake. Staking derivatives enable users to benefit from access to DeFi applications deployed within and outside of the KIRA Network while at the same time stay incentivised through block and fee rewards generated thanks to the network operations. Utility Interchain Exchange Protocol (IXP) is the first blockchain application deployed on the KIRA Network that can provide utility through market access to all the tokens at stake within Kira, as well as to the entire digital asset space. Thanks to order book sharding IXP can offer unlimited number of token pairs and operate in the truly permissionless manner. Scalability Uncapped value at stake shared between uncapped number of validators provides ideal conditions for sharding blockchain applications by deploying them on independent sub-chain (zones). By guaranteeing that value at stake is greater than value used within any particular zone Kira can securely parallelize its blockchain application logic and overcome any possible scaling limitations of a single blockchain while ensuring fast finality which is essential for use with any financial applications. Sustainability Maintaining proper economic incentives is essential to guarantee efficient operations of any decentralized network. Kira utilises a governance system to control all economic aspects of the network operations, such as inflation of the native token and interest rates for staking foreign tokens to attract digital asset holders to the network and efficiently adapt to always changing market conditions and guarantee long sustainability of operations. 4 KIRA Network - Whitepaper Rev. II, September 2020 Upgradeability Kira uses an on-chain contracting system similar to real-world employment agreements to incentivise developers, auditors or any other employees which is essential for not just the codebase evolution but also to maintain visible presence in the ecosystem. By combining on-chain contracting with support for CosmWasm smart contracts KIRA Network has the ability to expand its utility without need for coordinated upgrades and halting block production. Interoperability Trustless staking of any digital asset or use of any of blockchain applications within KIRA Network is possible thanks to interchain protocols such as Cosmos IBC and Polkadot XCMP. By interconnecting with other networks within the interchain ecosystem Kira can facilitate value and data transfers between various DeFi applications. Expansibility To grow its own ecosystem Kira utilizes Initial Validator Offerings (IVOs) enabling investors to crowdfund new projects without spending or limiting liquidity of their own capital. The IVOs are operated by individual validators to which investors delegate their token (at 100% commission) to mine new tokens by benefiting projects launching those tokens through block and fee rewards. KIRA Network, Overview 5 KIRA Network - Whitepaper Rev. II, September 2020 Consensus Nearly every permissionless and decentralized network tends to become more centralized over time. This has been the case with geopolitical regions that have access to cheaper electricity (Proof of Work), or due to cartels accumulating stakeable assets, power and influence (PoS). Although these factors cannot be considered inherently bad and outright compromising for such networks, it is clear that the cryptocurrency community expects a solution that induces growing trust and decentralization over time. The Multi-Bonded Proof of Stake (MBPoS) is the first consensus model that enables decentralization of the value at stake and does not assume that the majority of token holders are rational economic actors. In contrast to the plutocratic Proof of Stake models whereby only a single asset can be staked and proportionally determines the voting power, leading to centralization of that power in hands of large token holders, who might or might not act in an economically rational manner. In Kira, each network operator (validator) has equal voting power and equal chance to propose new blocks. Entering and leaving the validator set is permissioned by the governance which determines its own rules for onboarding new validators to prevent sybil attacks. By requiring that validators are identifiable and active community members the governance can exponentially increase difficulty of forming cartels by large token holders with conflicting and purely profit seeking intentions. The governance permissioning process is also used to evict network actors who try to delay consensus on purpose or in other ways defy governance defined Code of Conduct which users of the network treat as Service Level Agreement (SLA). For that reason Kira does not have to penalize stakeholders for downtime of their network operators and only a single slashing condition is required for double-signing (creating forks) to prevent double-spend attacks. By removing downtime slashing risk Kira validators are no longer forced to operate within large data centers and can reduce cost of operations by hosting validator nodes in their home environment, as long as minimum networking and hardware requirements are met. 6 KIRA Network - Whitepaper Rev. II, September 2020 What distinguishes MBPoS from other PoS consensus mechanisms is the fact that slashing only occurs when , where of all validators commit a double-signing 1 N N ∈ < 1, 3) fault (attempt to create a fork). Furthermore, even if such an event occurs the governance set decides on appropriate punishment (% of assets to be slashed) and if eviction from the validator set should take place. This mechanism helps to mitigate issues where validators become evicted due to the software or hardware malfunction (that is not a fault of the operator) and guarantee safety of delegators stake which is essential when staking highly valuable assets such as Bitcoin, digital Fiat or commodities. Inflation of the native asset and Incentive distribution to foreign token holders is defined by the governance and is used to attract network activity to the system as well as security by incentivising stakeholders of highly valuable or even real-world assets. Kira distributes incentives in two distinct ways. Delegators are assigned block rewards in proportion to the global stake bonded (to all validators), meanwhile, fee rewards are distributed in proportion to the local stake bonded (to the individual operators). Delegators who are in the network solely for profit-seeking have to distribute their stake to operators with the smallest amount of stake bonded, as to maximize their revenues. In essence, this prevents mindless stake centralization. Validators can charge self-defined commission from their delegators and will additionally benefit from up to 50% of all fee rewards. This allows validators with smaller stake bonded to easily sustain their operations, without being pushed out of the set by large token holders and continue operations without having to depend on the market value of the native token.

Kira created her own telegram announcement channel on August 14, 2020, and from then on she sponsored a series of partnerships and airdrops to release currencies that were always around $ 200. The last airdrop in which currency was released took place on 21 September 2020. There were several important partnerships such as those with: ORION PROTOCOL - MANTRA DAO - BLOCKPARTY - BLOCKCHAIN CORE AMA - VIC GROUP (during the event there was also another $ 200 airdrop) and many more.

The last event released by KIRA NETWORK was a contest (still in progress) where 100 ETH will be released to 100 winners

link: https://twitter.com/kira_core/status/1314581059514834944

Currently it is not yet known when the first tokens of kira will be released and where it will be listed the first time, but we have some approximate data:

Token Type: Native Coin

Token Supply: 300,000,000

  Starting Valuation: $ 0.075

  Hard Cap: $ 4,000,000