KILT Protocol

Halal Rating :
Comfortable
Last Price $0.091 Last updated:
Rank 1426
1D Change -2.65 %
Market Cap $4.51m
Circulating supply 49,420,140
Maximum supply 290,560,000

Crypto Overview

Categories
  • LPoS
  • Identity
  • Substrate
  • Polkadot
  • Polkadot Ecosystem
  • Web3
  • VBC Ventures Portfolio

Overview and Purpose

KILT Protocol is a blockchain protocol designed to issue self-sovereign, verifiable credentials and decentralized identifiers. It enables users to claim attributes about themselves, get them attested by trusted entities, and use these credentials where needed while maintaining data privacy.

Business Model & Utility

The KILT token serves multiple purposes within the ecosystem: It's used to pay for credential attestations, secure the network through staking, and participate in governance decisions. The business model focuses on providing decentralized identity solutions, which aligns with Islamic principles of transparency and trust.

Real-World Adoption

KILT has established several notable partnerships, including with the German government's Energy Web ID system and various blockchain projects in the Polkadot ecosystem. The protocol is actively used for identity verification and credential management.

Platform Development

Development activity is consistent, with regular updates to the protocol and expansion of use cases. The project maintains an active GitHub repository and has a dedicated team working on improvements and new features.

Token Distribution

KILT's token distribution includes allocations for development, ecosystem growth, and community initiatives. While founders and early investors received allocations, there are vesting schedules in place to ensure long-term alignment with project goals.

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