What is the project about? Karat leverages on-chain MPC and ZK technologies to create a sharable Web 2 & 3 ID data layer. Karat encrypts user data such as email and Twitter, links it to the user’s wallet, and stores it on IPFS. Users and nodes are then given the MPC private key, allowing them to have completely decentralized control over all data access permissions. This infrastructure is intended to be the infrastructure of all future Dapps that require Web3 social, data indexing, advertising delivery, and login permission calls. What makes your project unique? 1. Currently the largest and most active protocol on Zksync with over 250,000 kyc wal-lets, Each user has verified their web3 wallet and their web2 id/behavior data. Over 100 protocols have requested to stake and pay to request these data in the alpha. 2. Karat's genesis validators include KCC, OKX, Bitmart, NEO, and many other big Defi, Gamefi projects. It also has a KOL matrix of 300 top tier KOL validators manages the 250, 000 users. 3. Karat's MPC data infrastructure allows users to grant varying level of access to different Dapps. So they can use ZKP to proof their web2 behaviors credentials without showing their identity. Also, users are able to use one ID to log on different platforms and still zkProof all their credentials on Web2 & Web3. History of your project. lives in a country listed by FATF) Karat hosted an IDO on its official website from 7/19 to 8/19. It has two rounds. First round: Time: 7/19-7/21 Sale Price: 0.03 Paid Currency: ETH, USDT Sale Amount: $200,000 Second round: Time: 7/22-8/19 Sale Price: 0.035 Paid Currency: ETH, USDT Sale Amount: $317,092 What’s next for your project? * Q3 2023 (Completed): Utilize Multi-Party Computation (MPC) to build a bridge between Web2 and Web3 data. Establish an unified data ecosystem that allow user to have true ownership of their data for the first time in the history. * Q4 2023: Create a Karat-specific EIP standard that drives the future of our digital identity and verifiable credential. This standard will enhance interoperability within the entire EVM network. * Q1 2024: Revolutionize online authorization by making W3Auth the mainstream for web3, mirroring the role of oAuth in Web2. By embracing MPC technology, we aim to increase user control over personal data and promote interoperability. * Q2 2024: Partner with noteable identity providers such as Lens and Worldcoin and integrate them as one of the VCs in Karat ecosystem. We aim to build an open-source and flexible socring system for different applications, inlcuding foolproof, scalable solutions for Proof of Personhood Verification . * Q2 2024: Integrate Account Abstraction (EIP4337) into Karat Network, enhancing user experience by eliminating friction caused by gas and blockchain. * Q3 2024: Incorporate zero-knowledge (ZK) technology to further protect user’s privacy and bolster data ownership. What can your token be used for? Allocations: 70% of the KATs are designated for the 10 year Karat mining, currently stored in our multisig wallet managed by zkSync Official, NEO, Bitmart, and Karat Founders. The mulsig wallet releases KATs to the mining smart contract every 6 months. 10.5% of the KATs are for the team 10% of the KATs are for operation 7.5% of the KATs are for investors 2% of the KATs are for advisors Team, operation, investors, and advisors tokens all have a 48 months linear release after the 1st 3 months. Users need to stake 500 KAT for 7 days to join a content creator/validator’s private chat room and mint a Karat ID. For every new user joining, the content creator gets 50 KAT staked in his validator for 30 days, then he could withdraw. Everyone who stakes under the content creator will be able to gain KAT rewards based on the increasing number of users in the private chat. The more users join after you, the more staking reward you will receive. There is a 10% fee when one withdraws. Karat ID: Karat ID is a omnichain name service that connects users’ web3 addresses and web2 identities. It’s the foundation of Karat Network. User has to stake a small amount of KAT token to mint the Karat ID. Currently over 350,000 users have created their Karat ID and connect their web2 socials in Karat Network. Verifiable Credentials: Users can mint their web2 data, including social accounts, KYC information, etc on chain through verifiable credentials. Dapps can query these information on chain and build protocol around it. https://docs.karatdao.com/web3-authorization Validator Staking: Anyone who stake over 350,000 KAT can start a validator Growth Staking: Users can stake under the validators that they are expecting to have the highest growth and share the staking rewards every time a new user’s data is verified under that validator. A portion of the transaction fee will be burned. https://docs.karatdao.com/staking Data Request: Dapps need to pay KAT tokens to access users’ data for indexing, marketing, and other purposes. A portion of the transaction fee will be burned. https://docs.karatdao.com/data-marketplace
Karat is ranked #3759 by market capitalization. Currently the KAT market cap exceeds 6.51 Bitcoin. By market capitalization it is ranked #3759. Daily trade volume is 0.12980713 BTC.
The Karat price today in BTC is 0.000000005973. Through the Karat price history, the price ranges from 0.00000039 BTC (all time high) to 0 BTC (all time low). Karat price last 24 hours fluctuated from 0.00000001 BTC (24h high) to 0.00000001 BTC (24h low).
Check the Karat value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: https://karatdao.com/
Block explorers: https://explorer.zksync.io/address/0xcdb7d260c107499c80b4b748e8331c64595972a1
Twitter: https://twitter.com/KaratDAO/
Karat live price may differ in various exchanges. Check KAT real-time data to make informed decisions.
You can buy Karat on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell KAT at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Karat trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Karat and trade with REVENUEBOT in less than a second.
In short, only if the current value of Karat will be less than the value of Karat at the moment of selling in the future. The Karat chart can only assist the Karat value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Karat value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the KAT supply. Check the Karat live chart to see the current supply and predict how long it will take for the coins to run out. The total supply of Karat is 1960031820.25 KAT, while KAT circulation supply now is 1090715670 KAT.
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