One of the sought-after advantages in blockchain is the privacy that the Calamari network can provide. Transparency is one of the pillars of blockchain technology, and it cannot be disregarded. The Calamari network offers this privacy through private transactions, private exchange, and the privatization of all tokens.
How does the Calamari network work?
The Calamari network is an innovative protocol for privacy protection, easily integrated into existing systems, designed specifically to improve the decentralized finance (DeFi) sector on the Kusama and Manta Network platforms in the Polkadot ecosystem. Based on Substrate technology, which ensures its compatibility with other projects, and using zkSNARK technology to enhance privacy capabilities, the Calamari network offers a wide range of products and services aimed at ensuring privacy in the blockchain.
The Manta founding team consists of experienced cryptocurrency specialists from the USA, including professors and scientists with experience at Harvard, Massachusetts Institute of Technology, and Algorand. The team's focus is meeting user needs through innovative products that make financial transactions more accessible and convenient.
- MariPay
This service supports private transfers of Kusama and various parachain assets. It includes well-known cryptocurrencies supported by this blockchain. Transactions can involve assets such as stablecoins or wrapped cryptocurrencies such as BTC. At the same time, it provides online privacy using ZKP. Manta Network offers the same service as MantaPay on Polkadot.
- MariSwap
Preserves the confidentiality of user addresses, offering exchange between different parachain assets. This is similar to a private AMM-based DEX. It also offers unique options such as a private liquidity pool. Manta Network provides the same service as MantaSwap on Polkadot.
What is the KMA token and what is it used for?
The KMA token is the native utility token of the Calamari blockchain. Token holders receive rewards through discounts and a redemption mechanism, as well as a fee for using MariPay and MariSwap. Additionally, it is used for governance and has extended functionalities. There is a burning feature for redemption.
The KMA has no private sale and there will be no tokens for the team. It serves the entire Kusama network and offers interoperability between parachains. The tokenomics of the KMA token in the Calamari Network include a well-structured distribution and token unlock schedule. Initially, the token distribution is divided into various categories:
| Category | Percentage of Total Tokens |
|---|---|
| Community Rewards | 20% |
| Parachain Crowdloans | 24% |
| Development Fund | 22% |
| Manta Lockdrop | 20% |
| Staking Rewards | 9% |
| Marketing and Airdrop | 5% |
The total supply of tokens is capped at 10 billion, and it is expected to be fully distributed by October 2026. The initial token launch took place in October 2022. These data reflect a strategy for managing the supply and distribution of tokens, ensuring a balance between development needs, community incentives, and market dynamics.
The project team provides excellent service and is capable of testing all necessary functions before launching them on the Manta network on Polkadot. The Calamari network has some unique features that seem to work well in the real world.