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Calamari Network, as the community-based pioneer network of Manta Network, is a plug-and-play privacy protection parachain on Kusama, aiming to provide privacy services for the entire Kusama DeFi network. Calamari Network is built on Kusama as a parallel chain to ensure cross-chain interoperability, and based on zkSNARK (zero-knowledge proof technology) to ensure privacy.
Calamari's early products include:
Privacy payment MariPay - MariPay supports private transactions of Kusama and its parachain assets, including the main encrypted assets supported on Kusama. Users can privatize mainstream assets such as encapsulated stablecoins and BTC, and Calamari provides the most secure on-chain privacy through zero-knowledge proof technology.
Privacy decentralized AMM trading platform MariSwap——MariSwap provides users with the transaction function of parachain assets with private addresses, and it also provides unprecedented new functions in the industry including private liquidity pools.
Calamari is the only platform that can satisfy users’ on-chain privacy needs and anti-censorship needs while ensuring the decentralization and interoperability of privacy tokens.
About Calamari Token $KMA
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$KMA token distribution
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When does Calamari enter the auction?
Calamari will participate in the Kusama parachain slot auction starting from the 6th slot, and will auction slots for 8 cycles, that is, the lease period is 6 weeks*8=48 weeks;
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How to participate in Calamari crowd lending?
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Calamari Parachain Auction Strategy
token reward
Up to 3,000,000,000 (3 billion) KMA will be distributed to KSM contributors, representing 30% of the total initial KMA supply. So when more than 300,000 KSM are leased to the Calamari card slot auction, there is no excess KMA as a reward for KSM borrowers. This means that the maximum hard cap of Calamari crowdfunding is 300,000 KSM.
Calamari will use the ladder hardtop method, Calamari will have three hardtops in the slot auction:
The first hard cap is a maximum of 1 billion KMA distributed to KSM contributors, which means that the first hard cap is to raise 100,000 KSM. In the process of raising each hard cap, if Calamari obtains a parachain slot, it will not enter the next hard cap, and the remaining KMA will be deposited in the treasury for future slot auctions.
If a higher bidder gets the card slot after reaching the first hard cap, the second hard cap will be opened, and 2 billion KMA will be distributed to KSM contributors, which means that the second hard cap will be raised 200,000 KSMs.
If a higher bidder gets the card slot after reaching the second hard cap, the third hard cap will be opened, that is, a maximum of 3,000,000,000 (3 billion) KMA will be distributed to KSM contributors, and a maximum of 300,000 KSM will be raised .
KSM Contribution Rewards
The first 1-500 contributors will receive an additional 10% reward
In addition, the top 1000 contributors will receive additional KMA rewards:
The first 1-500 contributors will receive an additional 10% reward
5% bonus for the first 500-1000 contributors
Referral Rewards
We will set up additional invitations for inviters. If KSM holders who support Calamari invite other KSM holders to participate in crowdlending, both parties will receive an additional reward of 2.5% KMA respectively.
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Bidding cycle
lock cycle
lock cycle
Participants participate in Calamari crowdfunding by locking a certain percentage of KSM. KSM tokens will be locked from the beginning of the auction until the end of 8 cycles (48 weeks) after winning the card slot auction.
reward unlock
When Calamari wins the parachain slot and starts to run, 34% of KMA will be released directly to crowd lending participants, and 66% of the tokens will be released every 8 weeks, divided into 6 releases, each releasing 11%.
WeChat assistant: boboo936https://www.calamari.network/Subscribe for more first-hand information about Zhongdai.
About Manta Network
Manta Network is Polkadot's first on-chain privacy protection project. It provides DeFi users with the highest security level of on-chain privacy protection through the cryptographic technology zkSNARK, aiming to become the privacy protection infrastructure of the entire decentralized finance. Manta’s early products include MantaPay, a private payment protocol, and MantaSwap, the first private DEX protocol in the Polkadot ecosystem. Based on the Substrate framework, Manta can provide plug-and-play privacy protection services for the entire Polkadot ecosystem.
Manta's founding team consists of several cryptocurrency veterans, professors, and academics whose experience includes Harvard, MIT, and Algorand. Manta’s advisors include Hypersphere Ventures co-founder Jack Platts, Polychain partner Tekin Salimi, former Web3 Foundation co-founder Ashley Tyson, Consensys’ Shuyao Kong.
Manta has previously completed a million-dollar seed round financing led by Polychain, with participation from Three Arrows Capital, Multicoin, Alameda, and Hypersphere. Manta is also a grant recipient of Polkadot's official Web3 Foundation, a member of the Substrate Builder Program, and a member of the Berkeley University Blockchain Accelerator.
Welcome to follow our channel to learn more about Manta Network:
Website:https://manta.network/
Github:https://github.com/Manta-Network
Twitter:https://twitter.com/MantaNetwork?s=20
Medium:https://medium.com/@mantanetwork
Telegram:https://t.me/mantanetwork
Discord Chinese channel: https://discord.gg/ZtSuSKRy8X
WeChat public account: Manta Network Protocol
WeChat assistant: boboo936
