Introduction.
Calamari Network is the official canary network of Manta Network, the privacy protocol made for the DeFi stack. Set on Kusama, Calamari Network will service private transacting and exchanging for all para chain assets on Kusama, including KSM.
About Calamari Network.
Calamari, Manta Calamari Network’s canary-net (the canary-net is an ancient, highly experimental version of Manta Network. where all new features will be released and tested first), is the plug- and- play privacy- preservation parachain built to service the Kusama DeFi world. It combines Kusama and zkSNARKs to get on- chain privacy to transactions and swaps. As part of its own train of products, Calamari Network offers.
- MariPay, its token-agnostic private payment service. MariPay supports the private transfer of Kusama and its Parachain assets, containing major crypto wealth supported on Kusama. Users can swap popular assets like stablecoins and wrapped BTC while together reaping the benefits of on-chain privacy through ZKP.
- MariSwap, its private AMM- based DEX. MariSwap offers users the capability of swaps between parachain assets while preserving the privacy of the user addresses. It also provides no- earlier-seen features in the industry, like as private liquidity pools.
Calamari will be the only platform on Kusama that can meet user on-chain privacy needs, boostanti-surveillance, and insure private tokens’ decentralization and interoperability.
About Calamari Token ($ KMA).
$ KMA is the original community-driven deflationary use token where rebate rewards, redemption rewards, and token burns are generated from the Calamari privacy-preserving network usage. The actual Distribution of KMA is over 10 billion tokens. There will be no new token generation unless KMAs for the crowd loan are consumed.
The Calamari token ($KMA) is a user token that rewards token owners with a rebate and redeems the mechanism on MariPay and MariSwap usage fees.$ KMA has a burn function for redemption. $ KMA also has governance and other extended processes.
Calamari Token Live Price, Market Cap, Volume, Supply.
Please enter CoinGecko Free Api Key to get this plugin works.Calamari Token Distribution.
KMA will be distributed in a community-driven system. Community members will possess the majority portion of KMA tokens.
There’s no team allocation; there are no private rounds or private investors. The token’s distribution will be an apparent launch and positive to early participants.
How Do You Participate?
The Calamari Network team is working on various, easy ways to participate in the PLO, which will award you with $ KMA, which is Calamari’s native token. Further details will release as the projects are finalized in the coming days. We can say that we’re talking with some great exchanges to support our PLO; furthermore, we’re working on releasing our app to provide support. To be the first to be notified about the updates of our PLO, sign up for our newsletter, as easy as that of the universal Calamari and Manta Network.
Check Out The Calamari Network Roadmap.
We’re celebrating Our Roadmap Transparent And Open For Public surveying. You Can Stay Updated By Checking Out The Live Roadmap On Notion.
Upcoming Products.
MariPay
MariPay Supports The Private Transfer Of Kusama And Its Parachain Assets. Users Can Transact Popular Assets Like Stablecoins And Wrapped BTC While together Reaping The Benefits Of On-Chain Privacy Through ZKP.
MariSwap
MariSwap Offers Users The Capability Of Swaps Between Parachain Assets While saving The Privacy Of The User Addresses. It Also Provides noway-ahead- Seen Features In The Industry.
A Fair Token Launch.
Calamari Network Defi Is The First Community- Driven Deflationary Utility Token Where Rebate prices, Redemption prices, And Token Burns Are Generated From The Calamari Network Privacy-Preserving Network Usage. The original Distribution Of KMA Is Up To 10 Billion Tokens. There Will Be No New Token Generation Unless KMAs For The Crowdloan Are Consumed.
The Calamari Token($ KMA) Is A usefulness Token That Rewards Token owners With A Rebate And Redeem Medium On MariPay And MariSwap Usage Fees.$ KMA Has A Burn Function For Redemption. Also,$ KMA Also Has Governance And Other Extended Functions.
10,000 KMA Rewarded For Every 1 KSM.
Calamari Token $ KMA Is allowed With A Community-First Focus. Up To 30 Of The Project’s whole Supply Is Allowed To PLO Participants As Part Of The Rewards For Helping Calamari Network Secure A Parachain. Furthermore, $ KMA Does Not Have Any Private Sales Or Team Tokens.
10% Bonus
The First 500 Supporters Receive A 10% Bonus Reward Of$ KMA.
5% Bonus
Supporters 501 To 1,000 Receive A 5% Bonus Reward Of$ KMA.
5% Bonus
Referrers And Referred Supporters Both Receive 2.5% Bonuses In$ KMA
Referral Bonus.
As a bonus, Calamari crowd loan contributors can also refer their friends and colleagues to participate in the Calamari crowd loan. The referrer and their appertained counterparts receive an a%2.5 bonus each, or 5% bonuses in total, split between the two.
For example, if Georgi refers to Kevin and Kevin contributes KSM, he receives 100,000 KMA. Because Kevin used Georgi’s referral law, Kevin gets a fresh 2.5% or 2,500 KMA for a totality of 102,500 KMA. Georgi also receives an additional 2.5% calculation from Kevin’s base contribution, or 2,500 KMA.
Other Details.
Parachain Slot Duration.
For Calamari to successfully launch on Kusama, we need enough KSMs to secure a para chain slot. Calamari will charge for eight periods, each with six weeks( 48 weeks).
Lock Period.
Calamari will bid for para chain places through a crowd loan. The collective KSMs will be locked for eight periods (6 × 8 weeks) from when Calamari wins a place until the duration ends. However, the KSM will be unlocked and refunded to their initial possessors, If Calamari doesn’t win a slot.
FAQs
How Do You Participate?
The Calamari Network team is working on various, easy ways to participate in the PLO, which will award you with $ KMA, which is Calamari’s native token. Further details will release as the projects are finalized in the coming days. We can say that we’re talking with some great exchanges to support our PLO; furthermore, we’re working on releasing our app to provide support. To be the first to be notified about the updates of our PLO, sign up for our newsletter as easy as that of the universal Calamari and Manta Network.
what is calamari network
Calamari, Manta Network’s canary-net, is the plug-and-play privacy-preservation parachain built to service the Kusama DeFi world.
See More:
Best profitable 19 top cryptocurrencies that will make a comeback now.
What is Solana SOL, Crypto, NFT How To Mine Solana Coin
