KMA will land on MISO on September 22 through the "Bento Box Event" (Bento Box Event), and open trading on SushiSwap on the 27th 🦑+🍣+🥣=😋🍱
Since the launch of Manta Network, Calamari has received great attention and support from the community. In the just-concluded 7th slot auction of Kusama, the number of Calamari crowdfunding contributions exceeded 16,000. These contribution addresses will receive Calamari's token KMA as a reward in the future.
Calamari's tokens adopt a "fair distribution" approach, completely community-oriented, without any team tokens and private placement tokens. In the past period of time, we have not only received a lot of support in the Polkadot and Kusama ecology, but also received a lot of attention from outside the ecology. Therefore, we have also decided to bring Calamari's tokens to the Ethereum network.
We are very proud to announce that Calamari will soon launch the "Bento Project 🍱" (Bento Box Event) and land on Sushi MISO, which not only allows the ERC-20 version of KMA to combine Calamari's privacy financial capabilities and the flexibility of ERC-20 tokens in At the same time, Calamari's privacy finance can also cover 160 million Ethereum community users in addition to 20,000 community members and more than 3,000 global Mandalorian ambassadors.
Through the Bento Project, we can:
(1) Expand the ecology of Calamari to communities other than Polkadot and Kusama
(2) Connect to DeFi activities on Ethereum
(3) Support cross-chain assets from Ethereum to Polkadot/Kusama
KMA token
Calamari is the pioneer network of Manta Network, providing plug-and-play privacy protection for the entire Kusama DeFi world in the form of parachains. Calamari tries to solve the current privacy issues in the DeFi world in the most decentralized way, bringing unique on-chain privacy payments and transactions through the underlying technology of Kusama and zkSNARK. Calamari's early products include MariPay and MariSwap. MariPay can privacy all assets on the Kusama parallel chain and perform private transfers. MariSwap is the first decentralized exchange that can protect the privacy of user addresses on the chain.
The KMA token is the native token of the Calamari network. KMA is positioned as a community-oriented deflationary utility token, which can distribute, repurchase and destroy the fees captured by the privacy financial products of the Calamari network. In addition, KMA also has governance functions and expansion value. The total supply of KMA is 10 billion, and the token distribution features are community-based: no private placement, no pre-sale, no team share, and priority is given to early participating users.
KMA’s Token Distribution Roadmap
1. 5% of the total KMA will be used for MISO IDO distribution to promote the wider application of Calamari.Metamask will support KMA, and KMA holders can also participate in DeFi activities on Ethereum. After the "Bento Project", ERC20 KMA will be able to trade directly; KMA on the Kusama chain will start trading after the transfer of the parachain is enabled. We estimate that this time will be Q4 in 2021. After the parachain enables transfer, users will be able to transfer through the cross-chain bridge between Ethereum and the parachain.
2. 20% of KMA is used for liquidity mining and staking rewards, airdrops for early community participants.The release of tokens will be adjusted according to the liquidity of KMA and will be released within 4 years for additional liquidity incentives or pledge incentives. After the Calamari mainnet goes live, it can also be used as an incentive for private liquidity mining, attracting users on Ethereum and Kusama to participate in Calamari's private payments and transactions. There is also a portion of KMA used for staking rewards for staking on centralized and decentralized exchanges. Calamari will cooperate with Meter (Meter is also a cross-chain bridge partner of Polkadot projects such as Acala and Moonbeam, and is one of the main relay parties of ChainSafe), through the cross-chain bridge users can transfer funds to Polkadot.js wallets through Web3 wallets such as Metamask , KMA can obtain dual liquidity in the Ethereum world and the Kusama network. In addition, some tokens will be airdropped to testnet users and community ambassadors who have contributed to crowdlending.
3. After the Calamari parachain goes online, the on-chain governance module will first be opened within the first month. After the token distribution and the opening of the transfer pass governance, 30% of the total KMA used for crowd lending incentives will be allocated to crowd lending For participants, if there is any remaining KMA, it will be stored in the treasury to be reserved for the next parachain auction or allocated to liquidity incentives through governance.
4. 15% of the development fund will be used to motivate technical supporters in the Calamari ecosystem, such as the development of cross-chain bridges, the expansion of privacy asset application scenarios, and the development of other private DeFi products on the chain. The distribution of this part will also be determined by on-chain governance.
5. As the leading network of Manta Network, 20% of KMA tokens will be allocated to holders of Manta tokens. This part of the distribution method will be opened after the launch of the Manta parallel chain. Users can regularly stake Manta to obtain Calamari’s KMA tokens, the entire staking campaign will be distributed within two years.
6. 10% of KMA tokens will be stored in the treasury as a token reserve for future participation in parachains.
"Bento Project" SUSHI MISO IDO (September 22, 21:00 Hong Kong time)
Calamari and Sushi fit very well, and the team also has a common vision in terms of products, such as emphasizing community, emphasizing the importance of governance, focusing on privacy, and constantly launching products to promote the development of the DeFi world. Interestingly, Calamari, Sushi, and Miso are all well-known Japanese dishes. Based on the same vision, we will work with Sushi to bring KMA into the encrypted world. KMA will carry out the "Bento Project 🍱" in SushiSwap's Miso. In Japanese cuisine, grilled squid, sushi, and miso soup are all simple and indispensable Japanese delicacies, from which the name of the bento project comes from. Both Calamari and Sushi products represent simplicity, ease of use and Web3. 0 is as indispensable as a bento.
Event time: September 22nd to September 27th
"Bento Project 🍱" KMA share: 500,000,000 KMA
Minimum KMA price: $0.01
Auction method: Batch Auction
Types of funds raised: USDC
Minimum Fundraising: $ 5,000,000
The "Bento Project 🍱" will be launched on September 22 in the form of Batch Sale and last for 5 days. After the sale ends, the KMA/USDC trading pool will be opened on SushiSwap immediately. A Batch Sale is a market-priced auction format where the token value is equal to the total amount auctioned by the total amount raised.
For example, suppose 10,000,000USDC is raised after the sale, and the final KMA price is 10,000,000/500,000,000, which is 0.02 USDC per KMA.
About Calamari Network
About Calamari Network
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.
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.
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Manta Website:https://manta.network/
Calamari Website:https://calamari.network/
Github:https://github.com/Manta-Network
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