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
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
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
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
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
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.
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
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
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 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..
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
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
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/1306241134453297163DOT 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
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..
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
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
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?)
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
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%
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
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…
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
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
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
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
Most of these projects are NOT on KILT's level
Tokenomics are NOT everything in this long time period
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