icon - Kintsugi
KINT Kintsugi
-55.83%
$ 0.07128187
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • -
    Kintsugi
    $ 0.07128187
    $ 263,473
    $ 247,687
    0 KINT
    -55.83%

Kintsugi. Price of cryptocurrency: $ 0.07128187

What is the Kintsugi network?
Interlay has a canary network called Kintsugi, which is an experiment with real economic value.
Interlay is a network dedicated to connecting cryptocurrencies with Defi platforms. The Interlay network is hosted as a Polkadot parachain and will be connected to other Defi networks.
Kintsugi's flagship product, kBTC, is a 1:1 Bitcoin backed asset. It is backed by multi-collateral insurance and resembles a stable coin pegged to and redeemed for Bitcoin.
KINT is a native utility token.
The governance votes on protocol upgrades and how network resources are allocated. There are fees for processing transactions.

How many KINT Coins are in circulation?
Kintsugi network was launched in October of 2021. Over the first 4 years, 10 million token were emitted by KINT.

Who are the founding members of Kintsugi network?
The canary network of the Interlay network is named Kintsugi. During their PhDs at Imperial College London, they were the first researchers of the cryptocurrencies lab. Over 30 papers with over 700 citations have been authored by both of them.
The first steps towards Interlay and Kintsugi were made when the XCLAIM paper was presented at the Scaling Bitcoin conference in 2018). Interlay was founded in 2020 to bring research to practice.
What makes Kintsugi different?
Kintsugi's flagship product is a 1:1 coin-backed asset.
Kintsugi's kBTC is unique because of its strict dedication to being trustless.
It was secured by insurance. In a MakerDAO-inspired multi-collateral system, vaults lock digital assets on the kBTC parachain. It is Radically Open.
As a holder of kBTC, you have the following guarantee: You can always redeem kBTC for BTC or be reimbursed in the collateral currency at a beneficial rate.
You will be reimbursed from the vault's collateral if the vault does something wrong, and will end up making a profitable trade between the two assets.
At launch, the DOT will have collateral.
To trust interBTC, you only need to summarize.
It's a good idea to trust that Bitcoin is secure. The trust is that the blocks are final after confirmations.
The chain you are using is secure.

There are related pages.
Here you can learn more about Interlay, Kintsugi, and interBTC.
You can find out more about wBTC.
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