Red Kite

Halal Rating :
Comfortable
Last Price $0.06 Last updated:
Rank 1249
1D Change 0.86 %
Market Cap $6.92m
Circulating supply 114,692,138
Maximum supply 200,000,000

Crypto Overview

Categories
  • Polkadot Ecosystem
  • Launchpad
  • DuckSTARTER
  • PolkaFoundry Red Kite
  • Icetea Labs
  • VBC Ventures Portfolio

What Is PolkaFoundry (PKF)? PolkaFoundry is a platform for building DeFi dapps for the Polkadot ecosystem. It includes: A blockchain which is built on Substrate, is EVM-compatible, and supports several UX-enabling features for dApps. The blockchain will work as a Polkadot parachain or parathread. A bunch of DeFi-friendly services for dapp builders. These include both built-in services and integration with external ones. Who is behind PolkaFoundry? PolkaFoundry was founded back in 2018 by Thi Truong, who was then a key member of Kyber Network's core team. The PolkaFoundry team now consists of 20+ members located in several countries including Singapore, Vietnam, Japan, Canada, and India. Advisory board includes the DuckDAO leaders; Garlam Won who is behind the marketing of Harmony, Mantra DAO, Kylin; and Lester Lim - founder of X21 Digital. Who is backing PolkaFoundry? PolkaFoundry has completed a $1.9M Private Sale Round, backed by DuckDAO, Signum Capital, Master Ventures, AU21 Capital, BlockDream Fund, Magnus Capital, X21 Digital, Rarestone Capital, PNYX Ventrues, and several other renown ventures. What Makes PolkaFoundry Unique? Leveraging the interoperability and scalability of the Substrate framework and the growing ecosystem of Polkadot EVM compatible, strait-forward to migrate DeFi dapps from Ethereum Come with DeFi-friendly services Built-in UX-enabling features which allow developers to build frictionless-UX so that dapps can approach normal people outside the crypto community. This is the key point for blockchain to reach mass adoption. What is the Tokenomics of PolkaFoundry (PKF) Tokens? Token Name: PolkaFoundry Token Symbol: PKF Total Supply: 200,000,000 PKF token is an Ethereum's ERC-20 token. In the future, when PolkaFoundry blockchain launches the mainnet, PKF token holders can swap ERC-20 PKF token for native PKF coin at the rate of 1 for 1. Token Utility: Payment for transaction fees Staking for collators to earn share of block rewards Staking to participate in the on-chain governance process and earn rewards for voting on proposals Payment for PolkaFoundry & partners' services

Crypto Impact

To assign a comfort level investing in Red Kite from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Red Kite.

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Justification for our Halal Rating