What is KYVE
Tokens
I. Project Introduction
KYVE Network is revolutionizing customized and secure access to on- and off-chain data by providing fast and easy tooling for decentralized data validation, immutability, and retrieval; making trustless data a public good.
KYVE Network aims to solve the need for fast, easy, and reliable access to data in a trustless world. With an emphasis on decentralized data validation and immutability, KYVE Network is focused on creating a system that allows users to access and verify data in a way that is secure, transparent, and resistant to tampering or corruption.
Key features:
- Customizable, Trustless Data Sourcing For All: KYVE works with raw data, meaning that when you import it from its Data Pipeline, you can transform it however you need to best fit your use case and implement it directly into your preferred data backends within a few clicks. On top of this, the sync and update times are also customizable.
- Decentralized Validation: All data run through KYVE gets validated in a decentralized way via its protocol, only bringing forward 100% accurate, up-to-date data from the correct source.
- Immutable Storage: All data run through KYVE is stored onto permanent data storage solutions, making it immutable for secure sourcing. Currently, KYVE stores its data onto Arweave, but is storage agnostic and currently looking into supporting Greenfield.
II. Token Information
1) Basic Information
Token name: KYVE
Total supply: Total supply is 1 billion and is not fixed. We have an inflation mechanism that incentivizes chain nodes during low activity; high network activity is counterbalanced by fee burning. Min inflation is 3% and max 10%
Tokens in Circulation: 245,000,000 ~ 24% of supply （Aug 7, 2023）
TGE Date: March 14 2023
Price for early investors:
Round 1 - $0.01 - 10m USD valuation - 99,500,000 tokens - 9.95% of supply
Round 2 - $0.025 - 25m USD valuation - 115,000,000 tokens - 11.5% of supply
Round 3 - $0.1 - 100m USD valuation - 81,500,000.00 tokens - 8.15% of supply
III. Related Links
Official Website: https://www.kyve.network/
Whitepaper Link: https://docs.kyve.network/introduction/overview
Community Related links:
Telegram:https://t.me/kyvenet
Twitter: https://twitter.com/kyvenetwork
Medium: http://kyve.medium.com/
Discord: https://discord.gg/kyve
Github: https://github.com/KYVENetwork/
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
