Kira Network is The first decentralized network that enables market access to any digital asset in the interchain ecosystem. 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.
Token Design
The native token of the KIRA Network is called KEX. The role of the native token is to act like a reserve currency in terms of which staking and transaction fee payments in other assets is valued. KEX can be used as the most optimal transaction fee payment mechanism, which is essential to prevent transaction spam. Holding KEX is one of the requirements to become part of the validator and governance set, and to take part in decision making processes, such as defining the inflation rate of KEX and interest rates for staking any of the tokens whitelisted by the governance system.
Depending on your future decision as a governance member, KEX can have both inflationary as well as disinflationary issuance mechanism. By steering all levers of the KIRA economy, you can optimize yield of all stakeholders and become part of KIRA Network’s success.
Interchain Exchange Protocol
The first decentralized solution that enables trustless and permissionless asset exchange. Trade tokens originating from independent blockchains without any scaling limitations. Through sharding of our blockchain application, Kira can achieve throughput and availability not achievable with any current DeFi system.
Strategic Partners
Source :
https://medium.com/kira-core/kira-network-token-metrics-dc3484047c7c
