Thread by @TiggersCrypto

The ONLY thread you need for your next pick🌕

My favourite project

#KILT - KILT Protocol

I promise, no boring copy-paste bullshit thread this time

(Call by @bag_hunters) The ONLY group that did call DOT during the private sale phase + many other insane calls like MOVR lately

KILT is a blockchain identity protocol for issuing self-sovereign, anonymous verifiable credentials utilizing DOT

Basically they make any credential like ID card go fully digital and give YOU full ownership of it so you can choose who AND what to show about your credentials

It’s one of the first projects to build on Substrate and launched over 3 years ago in 2018

Their team has ex-CMO of Polkadot as their VP of Business development and their current CFO as their CFO

How many other projects have heavyweights like that? Exactly

Ingo Rübe - CEO

Experience from MULTIPLE startups before

Sold his first one in 2000

Ex-CTO of Hubert Burda Media (3$ yearly revenue)

Board member of Drupal (WordPress on steroids)

Called himself a cyberpunk so that says a lot about his passion for something like KILT

Co-founder of Polkadot (Rob Habermerier) has shilled it. Rob is also Parity's (Polkadot) tech lead

Time: 16:27

https://twitter.com/TheScoopPod/status/1423649027665580032

Shawn Tabrizi is one of their advisors

Runtime Engineering Team Lead for Parity, where he guides the development of the Substrate and Polkadot runtime.

Worked with Microsoft's Azure helping to build APIs making it easy to enable single sign-on with Microsoft identities.

How is it any different from competitors?

They solved the problem of varying costs as Polkadot has predictable fees

They only have full-time devs

They have a FULLY READY product

The team is just insane all around

Built before DOT hype started - it's not just a cash grab

How is it any different from competitors?

They already have existing entities who've integrated their product

It's built on Java - the world's most common coding language --->
Saves money, time and employees from companies as they don't have to put almost any effort into it

How is it any different from competitors?

KILT will have SAME token for both Kusama and Polkadot

Polimec (will tell more about it)

3,5+ years old project

HALF of the team are developers

They have partnerships (real ones) with almost ALL TOP TIER KSM/DOT projects

..

KILT has partnerships with

Acala / Karura
Moonbeam / Moonriver
Dena (German Energy Agency)
Energy Web (Gavin Wood helped build this project)
Subquery
Polkadex
Fractal
Phala
Subsocial

Basically with EVERY TOP PROJECT on Dotsama

And some more..

Polimec - Both the most unknown and bullish thing about KILT

Polkadot's version of ERC-20

New and existing projects can issue tokens BEFORE mainnet (remember pre-dot bs?)

Exchanges potentially integrated into it - instant listing for everything going through it

IT USES KILT

Polimec will get its OWN parachain

Polimec is going to be curated - meaning not all projects can go through it but only accepted ones

This creates incentive for good projects to go through it - HUGE visibility

https://twitter.com/polkadot/status/1306241134453297163

DOT mentioned it

How is something so boring as digital identities gonna make me fucking rich?

Amazon, IBM, Apple, the UK government and EU for example are working on them

The amount of data is growing daily (esp. due COVID) and so does the need to protect it

Everyone can be our target market

Still not sold? Say no more

Twitter's Bluesky project has got its leader @arcalinea

Her thread here got me thinking about KILT and best of all it's not her only tweet about digital identities..

https://twitter.com/arcalinea/status/1304582173723430912

KILT's @social_kyc and @arcalinea's thoughts have a lot in common!

Instead of remembering 10 different passwords you can just use your DID with SocialKYC

Great minds think alike

Twitter's CEO @jack just announced that they're going to build decentralized exchange

With mandatory KYC's and regulations coming hard on DeFi the question is how they're going to do their KYC?

Well someone already has an answer for it

I've used Fractal and it's REALLY GOOD

Not convinced that major entities are going to use something like this in their DEX's?

Well Deutsche Bank says think again because they're certainly building something like this for long

Deutsche Bank is located in Germany like KILT

Remember their partnership with Dena (gov?)

Not only do they have some project going on with Germany's government recently but they have known each other at least since 2018 since BUNDESTAG ASKED INGO to answer some questions

bundestag.de/resource/blob/…

Oh and Hubert Burda and Deutsche Bank know each other well too

How will the token be used?

Well basically for EVERYTHING

You can stake it to retire also so fear not

Max supply of 290M will be reached after 700 years

Initial inflation will be around 5% per annum, dropping to 1% per annum within the first 6 years and then slowly 0%

Blockchain is one of the fastest-growing industries

Digital identity is one of the BEST and logical use-case for it and ALSO one of the fastest-growing industries

I don't see anything else to buy instead so x's will come

I hope all this helped you to grasp the potential of it

In case you want to read even more about KILT check these out

mrtigger.medium.com/why-this-proje… (oldish but worth it)

clankilt.io

pedroporky.medium.com/kilt-protocol-…

EVERYTHING ABOUT CROWDLOAN (literally)

kilt.io/crowdloan-t/cr…

Finally, I'm going to list some credible influencers with proven track records who've shown their support for KILT

Don't trust only me

@DonnieBigBags (lol)
@IAMLLUCIANA
@bitcoin_brown
@Adouble212
@Bullrun_Gravano
@MiddleChildPabk
@Brad_Laurie
Chico Crypto

+ many more

How do I get the token?

1. You can wait until it trades (appr. 3 weeks when their parachain is live - It's NOT on any exchange yet

2. You participate in their crowdloan (GOING ON NOW) medium.com/kilt-protocol/…

I've done the crowdloan and will also market buy a shit ton

"KILT's rewards are low" Before u say this consider this

KILT was NOT going to do crowdloan originally, they were going to self-fund (as they do now partly)

SAME TOKEN for both DOT & KSM

It still beats staking rewards on KSM

You get ALL KILT TOKENS in six months, not in 48w

When doing crowdloans you also have to think ahead and make sure that the crowdloan you put your KSM into gets you a token that will be worth something even after one month

Most of these projects are NOT on KILT's level

Tokenomics are NOT everything in this long time period