Buy Kylin Network (KYL)
What is Kylin Network?
Kylin Network (KYL) is a cross-chain platform built on the Polkadot ecosystem, designed to power the data economy for Decentralized Finance (DeFi) and Web3 applications. By offering a decentralised oracle network and data infrastructure, Kylin aims to provide reliable, efficient, and trustless solutions for off-chain data integration and analysis.
How does Kylin Network work?
Kylin Network leverages Polkadot's Substrate framework to build a multi-functional platform for data economy services. Key components include:
- Multi-level oracle architecture: Provides both on-chain and off-chain data streams.
- Decentralised data marketplace: Facilitates secure, trustless trading of data resources.
- Kylin Analytics: Offers tools for data analysis and actionable insights.
- Cross-chain compatibility: Ensures seamless interoperability across blockchain networks.
The platform incorporates technologies such as Verifiable Random Function (VRF) for miner selection and the Optimal Ranking Zone (ORZ) model for staking weight distribution, enhancing its scalability and reliability.
What are the potential use cases for Kylin Network?
Applications:
- DeFi data feeds: Supply real-time, reliable data for DeFi protocols.
- Web 3.0 apps: Support off-chain data requirements for decentralised applications.
- Cross-chain data exchange: Enable interoperability and data flow across blockchains.
- Data analytics: Provide insights and data-driven solutions for third-party applications.
Industries:
- Finance
- Blockchain and cryptocurrency
- Data analytics
- Supply chain management
Partnerships:
Kylin Network has established collaborations with key projects in the Polkadot ecosystem, including:
- Astar Network
- Centrifuge
- Bifrost
- Equilibrium
What is the history of Kylin Network?
Founding:
Kylin Network was founded by Dylan Dewdney, who also co-founded HarbourDAO.
Key Milestones:
- Received a grant from the Web3 Foundation.
- Launched as a Polkadot parachain on August 28th, 2022.
- Secured funding from Binance Smart Chain's $100M Accelerator Fund.
Updates:
- Developed a core multi-level oracle infrastructure in 2022.
- Expanded partnerships within the Polkadot ecosystem to enhance its functionality and reach.
Kylin Network continues to play a significant role in enabling a decentralised data economy, supporting innovation across DeFi and Web3 technologies.
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Frequently Asked Questions (FAQs)
What is the current price of Kylin Network (KYL)?
The Kylin Network price is $0 AUD, representing a 0% from the day prior.
Where is the best place to buy Kylin Network (KYL) in Australia?
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What is the daily trading volume of Kylin Network (KYL)?
The trading volume of Kylin Network (KYL) is $0 AUD in the last 24hrs, representing a 0% from the day prior.
How can I buy Kylin Network (KYL)?
Kylin Network (KYL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Kylin Network (KYL)?
The current market cap of Kylin Network (KYL) is $0 AUD.
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How many Kylin Network (KYL) are there?
The current circulating supply of Kylin Network (KYL) is 0.
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