Recap AMA KardiaChain (28/07/2021)

KardiaChain

On July 28th 2021, our community had a chance to welcome KardiaChain  

This AMA was held by Azcoinvest Group – the crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.

 At this AMA, the KardiaChain directly greeted the community and provided detailed information  as well as some key products and future plans.

 

Time: 08:00 PM (UTC + 7) on Wednesday, July 28th, 2021

Venue: https://t.me/azcoinvest 

Airdrop 100 USDT for the best questions in the AMA.

 

Below are some main points of this AMA:

Part 1- Project overview


Question 1: Can you briefly introduce the KardiaChain team and project and the highlights that the project can bring to users in the crypto market?

 

Kardiachain:I feel very proud to say that KardiaChain’s team is 100% Vietnamese and the company currently has offices in Ho Chi Minh City. This is also where KardiaChain was born.

KardiaChain was built by ourselves from scratch with the core of Dual-Node Cross-Chain technology. Our most outstanding achievement at the moment is that KardiaChain’s blockchain system can achieve a transaction confirmation speed of 5 seconds and can achieve 10000 TPS, and there are plans to upgrade in the future to achieve this. TPS level is more impressive to meet, support the construction of DAPPs with high TPS and fast transaction confirmation speed, but the cost must be cheap and optimal.

 

Question 2: Can you share your marketing plans to develop the local community as well as internationally?

 

Kardiachain:We focus on 5 directions:

  1. Co-branding with business partners with good user base
  2. Promoting the development of the crypto community through the developer community, the trader community, the student community through Crypto scholarships, working with crypto groups, KOLs and some other community.
  3. We reach even non-crypto users through products that run on blockchain but have the style of traditional products with familiar and easy-to-use interfaces.
  4. Traditional marketing through mainstream media. It is the best way for us to expand the ecosystem and enrich the list of business partners.

 

 

Part 2 – Pre-collected questions from Twitter:

 

Question 1: The fact that KardiaChain is a blockchain network that connects other networks and applications in the blockchain ecosystem will bring many advantages for users. Can you share about how can your team optimize this process and what is the biggest difficulty to make it available? @jameswerne 

 

Kardiachain:

Surely at the present time you are not unfamiliar with the concept of Cross-Chain. The most common are bridges that can help users transfer assets from Chain A > Chain B conveniently.

However, the Cross-Chain technology of rival platforms has a limitation, that is, they have to implement an invasive solution, i.e. Chain A and Chain B have to cooperate with each other and modify the source code to be able to execute. communication with each other.

KardiaChain has a bold and different approach by Dual-Node technology that makes Cross-Chain non-invasive, i.e. KardiaChain can Cross-Chain with any Chain A, B, C,.. without need these chains to agree to cooperate or modify any code. That is a huge advantage for projects that choose to build on KardiaChain.

For example, I take My Defi Pet as an example of the first NFT Cross-Chain game, owned by KardiaChain. with being built on the KardiaChain blockchain. My Defi Pet can run on both Binance SmartChain. Next time players from KardiaChain and Binance SmartChain can play together like never before.

 

Question 2: From your website, it is shown that your project has many partners coming from different industries not just from blockchain such as Mai Linh group, Bitis or VTV Cab. Can you share with us some advantages of it? @BaoPham89

 

Kardiachain:

As shared above with approaching traditional businesses. We have specific plans to apply BlockChain in enterprise systems and serve many different processes depending on the specific business model of the enterprise. thereby helping BlockChain to streamline those processes and increase operational efficiency for businesses, while enhancing the value and influence of KardiaChain not only for ordinary users but also for large enterprises.

In addition to the advantage of a non-invasive Cross-Chain platform, KardiaChain can also help connect private blockchains and public blockchains together, not only for converting assets, but also for transferring DATA from Chain A > Chain B (feature that very few blockchains do). Helping to create new ways to apply blockchain technology to life and covering industries such as healthcare, education, logistics, entertainment, etc.

 

Question 3: Security is no doubt one of the most important aspects of a blockchain project. Has KardiaChain done any audit reports by sources outside to verify your project’s credibility? @chillwotis

 

Kardiachain:

KardiaChain’s team are highly qualified engineers with long experience working in the blockchain field with enthusiasm and passion. We built this project ourselves from the first lines of code.

KardiaChain is a layer-1 independent blockchain platform that does not depend on any other blockchain, we understand every nook and cranny and fully control the system to be able to develop in the most comprehensive way.

Confidentiality is the most important factor for us. We have a team of engineers available 24/7 to monitor system performance and regularly update updates to guard against potential security threats that haven’t even occurred yet, and we’re proud of it. because we are doing very well.

In addition, KardiaChain is also audited by a third party, Certik, and is ranked as one of the projects with the highest security.

 

Question 4: As I have seen from KardiaChain’s website, your team are building a big ecosystem including a wide range of products such as KardiaChain Mainet, KardiaChain Master Wallet,…It’s a really huge ambition. How can you well manage all of them and guarantee the stability for users? @VoT_Anh

 

Kardiachain:

KardiaChain’s team are highly qualified engineers with long experience working in the blockchain field with enthusiasm and passion. We built this project ourselves from the first lines of code.

KardiaChain is a layer-1 independent blockchain platform that does not depend on any other blockchain, we understand every nook and cranny and fully control the system to be able to develop in the most comprehensive way.

Confidentiality is the most important factor for us. We have a team of engineers available 24/7 to monitor system performance and regularly update updates to guard against potential security threats that haven’t even occurred yet, and we’re proud of it. because we are doing very well.

In addition, KardiaChain is also audited by a third party, Certik, and is ranked as one of the projects with the highest security.

You can experience trading on a decentralized exchange kaidex.io with advantages such as very low slippage of 0.1% (you only have to increase slippage during the time when many people are trading at the same time).

Transaction fees are extremely cheap and all those fees will be paid to the liquidity providers, KAIDEX does not charge any fees.

Out of concern for the health of traders as well as keeping the family home, stay away from the mat and sofa in the living room.

We have just released the LIMIT order placement feature that works right at layer-1 (previous tools only supported layer-2 and had certain limitations as well as a rather high fee for 1 order). Promises to bring the best decentralized trading experience you have ever experienced.

 

 

Question 5: The drawbacks of the current DEXs can be named as high slippage, low transfer speed or unreasonable fee. I know that KAIDEX has been launched in the recent time. Can you explain how your platform deals with the problems I mentioned above? @KhaiTram44

 

Kardiachain:

One of the projects with the highest security.

You can experience trading on a decentralized exchange kaidex.io with advantages such as very low slippage of 0.1% (you only have to increase slippage during the time when many people are trading at the same time).

Transaction fees are extremely cheap and all those fees will be paid to the liquidity providers, KAIDEX does not charge any fees.

Out of concern for the health of traders as well as keeping the family home, stay away from the mat and sofa in the living room.

We have just released the LIMIT order placement feature that works right at layer-1 (previous tools only supported layer-2 and had certain limitations as well as a rather high fee for 1 order). Promises to bring the best decentralized trading experience you have ever experienced.

 

Part 3: Best live questions

 

Question 1:A lot of projects fail because they do NOT care what the user wants. What does Kardiachain do to please users? Does the project receive feedback? @thiendokumorvis

 

Kardiachain:

KardiaChain always receives feedback from the community. Our admin is on duty 4/20 (let’s sleep for 4 hours) on the group. In addition, the community and everyone on the KardiaChain VN group are also very active in helping each other if the admin is absent at that time. In this respect, I am confident that the KardiaChain community is a united, civilized community and together towards the big goal of making KardiaChain the most popular blockchain platform (I’m proud but I’m not explosive). If you have any problems, you can directly ask questions on KardiaChain’s official group, limit private messages except for personal cases.

 

Question 2:Do you  have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest ? Thank sir

 

Kardiachain:

KAI is the coin, and the governance coin of the project. KardiaChain would like to confirm that it will never burn coins. KardiaChain airdrops never airdrop KAI but will use USDT or another token from time to time. Everyone please be confident about the value of KAI. KAI is diamond.

 

 

Question 3:Many projects offer similar solutions to yours, what is your recipe and what are your plans to surpass your competitors and remain relevant in the near future?

 

Kardiachain:

KAI Token Allocation Vesting Contracts Update

In a continuous effort to be transparent, and meet Coinmarketcap.com requirements, KardiaChain team will be distributing KAI token allocations to their corresponding vesting smart contracts, exactly according to our tokenomics. 

The transfer of all tokens will take place at 15:00 GMT+7, 27th of June 2020.

https://medium.com/kardiachain/kai-token-allocation-vesting-contracts-update-56fbda47051 

650 million KAI (80% private allocation) bought back and locked in Foundation Reserve 

KardiaChain Foundation is pleased to announce that the 650 million “bought & locked” KAI accounts for 13% of the total supply or roughly 40% of circulating supply, equivalent to 80% of the total private allocation pool, from a number of private investors. 

Foundation Reserve allocation tokens are locked for 12 months and vested over 24 months. 

Please check the update token metric release here: https://docs.google.com/spreadsheets/d/1Dbq0sHh0nJhr0lWiUYFd9o4yyMTWQigjDM7NuBJ-Cfc/edit?usp=sharing 

See more: http://bit.ly/Buybacklocked_650M 

 

Question 4:What’s the focus of the KardiaChain now? Build and develop products, win customers and users or partnerships? Are there any plans to burn or block unsold $ KardiaChain tokens? control flexibility, cost and security?

 

Kardiachain:

You can see information about the total supply, the phenomenon of coin storage as well as the coin distribution plan through the links above.

You can read some Recap AMA other at Here

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