Kylin Network

53 Staking Interest
Project Details

Ticker:

KYL


Category:

Data Infrastructure


Description:

Kylin Network aims to Build a Cross-chain Platform Powering the Data Economy on Polkadot. It will be the Data Infrastructure for DeFi and Web 3.0 Powered by Polkadot. The Open API and SDK of Kylin Network offers any applications and blockchains (such as parachains and parathreads) instantaneous but transparent, reliable and valid on/off-chain market data and social data sources by leveraging the power of Polkadot/Substrate Framework on open networks. Kylin Network represents extensibility and a synergetic increase to the off-chain workers capability as it will provide not only access, management, insights, coordination to a greater array of data sources, but bolster validity and decentralization of the data sources themselves. We believe that it is only via Polkadot/Substrate Framework that we can ensure a cost effective solution that data consumers and Dapp Builders will actually use over centralized sources. Kylin Network, therefore, hopes to achieve complementarity and synergy with Substrate Framework while providing valid, reliable, secure, cost effective and easily-coordinated data sourcing and data analytics.


Profile Completion:
(% of auctions metrics completed)

0 %


Auction Token Metrics

PCL Token Allocation:
(% of total supply allocated for crowdloan)

To be determined


Circulating Supply:
(at time of parachain launch)

To be determined


Total Supply:

1,000,000,000


Listed Price:

To be determined


Auction Reward:
(No. of tokens allocated for parachain crowdloan)

To be determined


Reward Vesting Schedule:
(months)

To be determined


Initial Reward Release:
(at time of parachain launch)

To be determined


Initial Reward/ Circ.Supply:
(initial reward release as % of circulating supply)

To be determined


Leasing Period:
(months)

To be determined


PCL Reward Details:

PCL token allocation will be a portion of the 10% ecosystem building allocation.


Token Distribution

Token Distribution:

Distribution:
7.5% - Seed Sale (75,000,000 KYL)
9.0% - Private Sale (90,000,000 KYL)
1.5% - Public Sale (15,000,000 KYL)
9.0% - Team (90,000,000 KYL)
3.0% - Advisors (30,000,000 KYL)
15% - Parachain Bond Funding (150,000,000 KYL)
5.0% - Ecosystem and Community (50,000,000 KYL)
10% - Foundation Reserve (100,000,000 KYL)
40% - Mining Incentive (400,000,000 KYL)

Vesting:
Seed Sale - 6.25% unlocked on TGE, then monthly vesting over 12 months
Private Sale - 20% unlocked on TGE, then monthly vesting over 9 months
Public Sale - 100% unlocked on TGE
Team - 0% unlocked for 12 months, then monthly vesting over 24 months
Advisors - 0% unlocked for 4 months, then monthly vesting over 18 months
Parachain Bond Funding - 10% unlocked on TGE, tokens under Foundation control to be used to pay for the DOTs required for the Kylin parachain slot in years 1-6
Ecosystem and Community - 10% unlocked on TGE, then monthly vesting over 36 months
Foundation Reserve - 10% unlocked on TGE, then monthly vesting over 36 months
Mining Incentive - 10-year vesting period starting from the Mainnet launch


Private Sale Blended Price:

To be determined


Private Sale Detail:

Seed Sale has been successfully closed with a total of $1.1 M USD investment by institutional investors.
Private Sale has been successfully closed with a total of $2.7 M USD investment by private and institutional investors.


Landscape