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Calamari Network Defi Coin Review: The Calamari Crowdloan has concluded

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About Calamari Network

Calamari Network is a private layer built for the entire Kusama ecosystem. Built on the Substrate framework, Calamari Network is natively compatible with other projects and parachain assets including wrapped major cryptoassets.

Calamari, Manta Network’s canary-net (the canary-net is an early, highly experimental version of Manta Network, where all new features will be released and tested first), is the plug-and-play privacy-preservation parachain built to service the Kusama DeFi world. It combines Kusama and zkSNARKs to bring on-chain privacy to transactions and swaps. As part of its own suite of products, Calamari Network offers.

Calamari Network Defi Finance Facts

Olympus Finance Facts
Defi Coin NameCalamari Network
Short Name KMA
Total Supply10,000,000,000
SourceClick Here To View Source
Chat Option Click Here To Visit Chat
ExplorersClick Here To View Explorers
Official WebsiteClick Here To Visit

The Calamari Crowdloan has concluded.

Calamari, Manta Network’s canary-net, is the plug-and-play privacy-preservation parachain built to service the Kusama DeFi world. It combines Kusama and zkSNARKs to bring on-chain privacy to transactions and swaps.

Check out the Calamari Network Roadmap.

We’re keeping our roadmap transparent and open for public viewing. You can stay updated by checking out the live roadmap on Notion.

Upcoming Products

MariPay

MariPay supports the private transfer of Kusama and its Parachain assets. Users can transact popular assets like stablecoins and wrapped BTC while simultaneously reaping the benefits of on-chain privacy through ZKP.

MariSwap

MariSwap offers users the capability of swaps between parachain assets while preserving the privacy of the user addresses. It also provides never-before-seen features in the industry.

A Fair Token Launch

Calamari Network Defi is the first community-driven deflationary utility token where rebate rewards, redemption rewards, and token burns are generated from the Calamari privacy-preserving network usage. The Initial Distribution of KMA is up to 10 billion tokens. There will be no new token generation unless KMAs for the crowdloan are consumed.

The Calamari token ($KMA) is a utility token that rewards token holders with a rebate and redeem mechanism on MariPay and MariSwap usage fees. $KMA has a burn function for redemption. Moreover, $KMA also has governance and other extended functions.

10,000 KMA rewarded for every 1 KSM

Calamari Token $KMA is distributed with a community-first focus. Up to 30% of the project’s entire supply is distributed to PLO participants as part of the rewards for helping Calamari Network secure a parachain. Furthermore, $KMA does not have any private sales or team tokens.

10% Bonus

The first 500 supporters receive a 10% bonus reward of $KMA.

5% Bonus

Supporters 501 to 1,000 receive a 5% bonus reward of $KMA.

5% Bonus

Referrers and referred supporters both receive 2.5% bonuses in $KMA.

What Is Manta network

The problem they see today is that the blockchain lack privacy, interoperability, and usability, which trickles down into many other issues. That’s why we’re building Manta Network, an interoperable and private protocol for the DeFi stack, with a privacy-preserving decentralized exchange as our first use case. We’re building it as a layer-1 solution, which means that privacy will exist in the core architecture, rather than a feature sitting on top of another blockchain. By using Substrate, they can take advantage of the interoperable ecosystem that Polkadot brings. 

Private Manta Network

Calamari Network Defi are able to do this through a process called minting. Long story short, a user can initiate a coin-minting transaction by depositing a base coin (e.g., Polkadot). The Manta Network receives the deposit and generates a privacy-preserving version of it (e.g., private-Polkadot).

Network Services

Manta Network offers a variety of services powered by its ZKP-based privacy technology. We are launching with two premiere services, MantaPay and MantaSwap. Manta Network will use its technology to power Polkadot’s on-chain privacy.

MantaPay Manta

Pay offers on-chain private transaction of any parachain assets. Users are able to privately send wrapped BTC, ETH, DOT and other major cryptoassets as well as parachain assets to any wallet address on Manta Network.

MantaSwap

Calamari Network Defi MantaSwap offers a private decentralized exchange. Users can use MantaSwap to trade for various major cryptoassets and parachain assets without leaving Manta Network, which ensures anonymity of the swap wallet address.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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