KILT Token Economy Update
Checkout our Token Economy Update on Medium in advance of KILT’s crowdloan!
Highlights: 150 million pre-minted KILT Coins; 4.5 million for crowdloan reserve; inflation of 5% down to 1%; only one KILT Coin across Kusama and Polkadot parachains.
KILT is a blockchain protocol for issuing self-sovereign, anonymous, verifiable credentials. It is part of the Kusama and Polkadot ecosystems.
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.
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