Kratos Genesis Community Discussion

KuChain Betanet Events Phase-II — KRATOS Network Test Nodes Empower Your KTSt!

Dear KuChain Community,

Time: 24/09/2020 19:00 (UTC+8)

MC: KuChain Community Manager Flora

Guests: Nodeasy、Awake、MathWallet、DAOSquare、HashQuark、InfStones

KuChain hosted an AMA(Ask-Me-Anything) with KRATOS network test nodes at 7pm, 24/09/2020 (UTC+8).

This is the full transcript for you.

Guests

Nodeasy

Nodeasy.com is a staking Economy portal from China, providing one-stop blockchain staking on-chain data, public chain node construction technology, node operation and maintenance and operation services. At the same time, Nodeasy is also a comprehensive domestic blockchain staking data and node service provider. At present, Nodeasy has successfully selected more than 20 well-known project nodes at home and abroad, and provides mortgage services for assets of more than 8 million dollars.\

Official website: https://www.nodeasy.com

Awake

Awake Wallet is a blockchain wallet which supports various chains such BTC, ETH, Cosmos etc. Adhere to the design principles of asset security, multi-chain support and convenience, Awake integrates the functions of Dapp support, Dao governance tools, wallet connect and HD wallet. The core members of Awake team come from the leading Internet companies such as Tencent, Meitu, Skype. In the spirit of “Keep Awake, Keep Ahead”, Awake is committed to build a convenient and secure one-stop service platform for digital assets through continuous technological innovations.

Official website: https://awakewallet.io

MathWallet

Founded in 2017, MathWallet is invested by Fenbushi Capital, FundamentalLabs and other famous blockchain investment organizations. MathWallet is more than multi-platform and cross-chain wallet, Our products include App wallet, web wallet, browser extension wallet, hardware and so on. MathWallet supports the BTC, ETH, EOS, Polkadot, Filecoin, Cosmos, Binance chain and more than 50 public chains, also supports the decentralized cross-chain trading. We built multi-chain Dapp ecosystem, and participate in multiple PoS chain nodes’ ecosystem.

Official website: https://mathwallet.org

DAOSquare

DAOSquare is the most influential DAO in China. DAO has brought us great innovations in production relations that are rarely seen in a century. Both DeFi and NFT crazes have proven the energy that DAO can release and the infinite PoSsibilities it can bring. Therefore, we believe that DAO will become a significant organization mode of company in the future. The vision of DAOSquare is to build the world’s largest DAO ecosystem, and thus form a globalized emerging economy.

Official website: https://www.daosquare.io/

HashQuark

HashQuark is an infrastructure service provider under HashKey Group. Our team is experienced in the blockchain industry and we have about 20 members. We provide blockchain services through various wallet types (hot, cold, multisig), cross public & private cloud deployment, and a 24/7 security team.

Official website: https://www.hashquark.io/#/

InfStones

InfStones is the world’s leading blockchain infrastructure company headquartered in Silicon Valley with offices in multiple cities around the world. The company’s core team is comprised of senior engineers and business leaders from established companies in the hi-tech and financial industries. InfStones is dedicated to bringing down the threshold to connect with blockchains, allowing clients to easily build their applications on top of hundreds of blockchain networks of their choice. Currently, InfStones is providing services to large institutional clients around the globe, supporting thousands of nodes on 30+ public Blockchains.

Official website: https://www.infstones.io/

Flora: Hi, I’m the community manager of KuChain. Thank you for participating.

At 3pm on September 25th, KTSt will be dropped to users who participated in the BurningDrop event. As the “delegators”, KTSt holders can practice the right of voting by staking your tokens with chosen validating nodes. Delegators share benefits with your voting validators as well as the risks. One delegator can vote for multiple validators, with one token representing one vote.

KTSt holders can practice their right of Kratos betanet voting and governance through the following two channels:

1. Pool-X Channel: log into the KuCoin App, click “staking” on the landing page, then choose “vote” to start;

2. On-chain Channel: participate in true on-chain governance via the mobile gateway of the Kratos community wallet — Awake (tutorial is available here https://docs.qq.com/doc/DTHJUcERCcVlmV2V3?pub=1&dver=2.1.0)

You must be very keen to know more about the nodes at this moment, so today we invited six node friends of KuChain to share information with you.

Interview session

Nodeasy

Flora: Welcome Nodeasy to share with us!

Nodeasy: Hello everyone, I am Crabbean from Nodeasy.com, and I am very happy to be invited to this event.

Nodeasy is a staking economy portal website that provides one-stop blockchain staking on-chain data, public chain node construction technology, node operation and maintenance as well as operation services. We are blockchain staking comprehensive data provider and node service provider. At present, in addition to KuChain, Nodeasy.com has been successfully selected as more than 20 well-known project nodes at home and abroad, providing mortgage services for tens of millions of assets. Our position is a comprehensive service provider of staking ecological data, and our existing business is mainly in two aspects:

To B, to provide data support for media, rating agencies and other companies that need data on the chain. At the same time, with our accumulation in the staking ecology in the past two years, we can provide project with community construction, content output, and staking economic design consulting, etc.

To C, Nodeasy.com provide users with staking ecological project information query (including project basic informations, yield changes, currency price changes, etc.), nodes monitoring (real-time monitoring of node status for the MasterNode currency), nodes agent construction, and assets management, income calculator and our exclusive PoS data service.

You can visit [www.nodeasy.com](http://www.nodeasy.com) to experience our products. We are also constantly optimizing, welcome to give us more comments.

Flora: Okay, thanks. We can see that Nodeasy is a very experienced blockchain node service provider. Why do you choose to be a node of KuChain?

Nodeasy: Nodeasy.com is a data portal in the staking era and a professional node operation service provider. For high-quality PoS projects, we will actively participate in the ecological construction, contribute to its network ecology, and expand the overall PoS ecological consensus. At present, Nodeasy.com has successfully selected more than 20 well-known project validators at home and abroad, and continues to participate in the well-known new projects test network to follow up the development of the entire ecosystem.

As a public chain project of the trading platform, KuChain has the requirements of real value application landing, and it is close to users in a deep level which could promote the development of the entire PoS ecosystem. We participate in KuChain community, not only for its future value, but also looking forward to witness the truly innovative projects in blockchain world. We also hope that Nodeasy.com can make more contributions to the development of KuChain’s network ecology in the next cooperation, providing suggestions for community proposals, and help KuChain become the top trading platform public chain in the world.

Flora: OK. Tomorrow at 8pm (UTC+8), the voting governance phase will start. As a node of KuChain, do you want to say something to KTSt holders?

Nodeasy: We know that staking governance is very important in the early days of the network. Not only to provide security for the entire network, but also to provide the high revenue for users. We suggest that KTSt holders to participate in voting governance as soon as they get KTSt, they will reap a high revenue. As the backbone of entire community ecology development, to maintain the main network’s security, validators should participate in Kratos network construction. Of course, in the process of participation, to better participate in the construction of ecological consensus, we will get the corresponding income by maintaining the network nodes.

Nodeasy has been deeply involved in the staking field. Several well-known networks have been operating stably for many years and continue to provide users with the best PoS services. Through accurate data analysis, we help users to understand staking revenue and PoS ecosystem more intuitively, also provide safe and stable validator services. You can visit our website Nodeasy.com to learn more about the overall data of PoS ecosystem and calculate your own nodes revenue.

Finally, don’t forget to vote using KTSt! Once you get the KTSt, do remember to vote for nodes to get the value added by staking output. If you do not participate, your hold value will be diluted by the network, voting is very important. By voting, you could not only make money but also maintain the network development. Please vote for Nodeasy. Of course, We also want to lead everyone to participate in the PoS ecosystem, make progress and to the moon together.

Flora: OK. A community member asked: There are two modes of staking: decentralization and centralization. What are their advantages and disadvantages? Staking under the centralized model lacks transparency. If we put our asset in a centralized institution and get income from it. Will this be the same as the interest-generating financial management? Please answer.

Nodeasy: The centralized model mainly refers to the mining pool business launched by the current trading platform, which will help users to participate in staking with one click. It is a bit simpler than voting in wallet, but the income is definitely not as high as individual voting.

For PoS currencies, centralized interest-bearing financial management just like a node which aggregates users’ voting rights in the network and obtain revenue. However, centralized institution lacks of transparency, which means users cannot predict the benefits at maturity. For non-PoS currencies, deposits and interest are generally dividends given to users through operations such as aggregating user assets for quantification and DeFi.

Decentralized participation means voting through wallets. Nodes with lower fees and higher security can be selected. Of course, the decentralized unlocking time causes the pledged tokens liquidity restrictions. It is one of the shortcomings of the decentralized model, suitable for long-holders.

Flora: Okay, thanks. That’s it for Nodeasy’s interview session. If you want to know more about Nodeasy, please go to the official website of Nodeasy: https://www.nodeasy.com

Awake

Flora: The second one is Awake.

Awake: Hello everyone, I’m the commercial manager of the Awake.Wallet (node of Kratos).

Awake Wallet is a blockchain wallet which support various chains such BTC, ETH, Cosmos etc. Awake adheres to the design principles of asset security, multi chain support and convenience. It integrates the features of Dapp support, Dao governance tools, wallet connect and HD wallet.

The core members of Awake team come from the leading Internet company such as Tencent, Meitu, Skype. In the spirit of “Keep Awake, Keep Ahead”, Awake will be committed to build a convenient and secure one-stop service platform for digital assets through continuous technological innovations. Awake wallet operates some chain node such as Eosc,Coinex, we are happy to be a member of KuChain community.

Flora: Okay, thanks. In Awake’s view, what kind of public chain is KuChain?

Awake: KuChain is a public chain based on Cosmos, which focuses on decentralized exchange and finance. It has a grand vision to create decentralized exchange and finance. At the same time it relies on the excellent KuCoin exchange ecology. It is very complete in technology, ecology and community. We are very optimistic about the development prospect of KuChain, so we also hope to become the node of KuChain, so as to better integrate with the ecology and develop for a long term.

Flora: Yes, we are very happy that Awake will be a member of KuChain Community. So could you please share us with your features?

Awake: Sure. Awake wallet is a new generation wallet. We have reconstructed the structure based on the current problems of various kinds of wallets, so it is excellent in the aspects of user experience and security. At the same time, although the wallet is oriented to major mainstream public chain ecology, we will concentrate our efforts on supporting KuChain ecology, including voting, proPoSal, community governance, and subsequent Dapp or DeFi entrance, etc. we will support KuChain ecology as soon as PoSsible, and serve KuChain community users wholeheartedly.

In the future, we will have many drop policies for voting users. In fact, the earlier you vote for awake, the earlier you will lock in the development of Awake wallet. Let’s grow together and witness the growth.

Flora: OK. A community member asked: Hello, as a node of Kratos, how do you agree with the development philosophy of Kratos? Please answer.

Awake: Kratos, in my opinion, is the test network of KuChain. In fact, it should be the experimental network, since the codes on Kratos network are perfect. To some extent, the experimental network may surpass the main network and become a main battlefield through its first mover advantages. For example, Kratos is like the Special Economic Zone in China’s socialist economic development, the special economic zone is a test field, but it is also the vanguard. After the first advantage, the special economic zone has become the Pearl in China’s economic construction.

So Kratos as the experimental network, has the function of exploring and testing for KuChain, but it can also develop its own ecological environment. Various applications will be deployed and ran in Kratos network first. If some project develops well, it may also stay with Kratos experimental network. Of course, some of the heavy asset applications of the DeFi classes will be more carefully deployed in the main network of KuChain. For this reason, awake wallet is also a node operator, and attaches great importance to Kratos and KuChain equally.

Flora: Okay, thanks. Awake is both the node and the community wallet of KuChain. You can manage KTSt tokens and conduct various node voting governance though Awake wallet. That’s it for Awake’s interview session. If you want to know more about Awake, please go to the official website of Awake: https://awakewallet.io

MathWallet

Flora: The third one is MathWallet.

MathWallet: Hello everyone, I’m the representative of MathWallet, I believe many people in the community know well about us, I will introduce MathWallet briefly.

Founded in 2017, MathWallet is invested by Fenbushi Capital, FundamentalLabs and other famous blockchain investment organizations. MathWallet is more than multi-platform and cross-chain wallet, our products include App wallet, web wallet, browser extension wallet, hardware and so on. MathWallet supports the BTC, ETH, EOS, Polkadot, Filecoin, Cosmos, Binance chain and more than 50 public chains, it also supports the decentralized cross-chain trading, built multi-chain Dapp ecosystem, and participates in multiple PoS chain nodes’ ecosystem.

Flora: OK, thanks. Please share us the reason that MathWallet choose to be a node of KuChain.

MathWallet: KuChain has a very innovative approach by introducing the account and permission model into Cosmos framework, it is a brave attempt in terms of user friendliness. The blockchain world needs to try and be innovative like KuChain. Wish KuChain a better future.

Flora: Thanks. We also wish MathWallet a brighter future. Could you please share more advantages of MathWallet with KTSt holders?

MathWallet: Sure, we are glad to join as a node, MathWallet began to focus on doing this since 2017. We began to access to Cosmos ecosystem from 2018. We have been supporting 50+ public chain, so we are familiar with the underlying technology of public chain and the way to work with our partners throughout the process. Please vote for “Math Wallet” everyone.

Flora: OK. A community member asked: Staking is to pledge idle tokens on nodes to obtain transaction fees, block rewards and dividends. Can staking be understood as cloud computing power? What about the economic model of staking? Does the staking economy apply to currencies other than mainstream currencies? The more pledged, the more released next time. Is staking a fast game? Please answer.

MathWallet: Staking’s income is mainly composed of two parts: block rewards (encrypted assets issued by the system through inflation) , node accounting income and block rewards. For ordinary people, there are two points to understand staking: firstly, staking is a kind of capital-guaranteed income (currency standard). Secondly, with a lock-up period, staking essentially obtains bookkeeping rights by mortgaged encrypted assets (for example, the commission-unbinding time of Cosmos is 21 days), which is a kind of passive income. Because of this, the income obtained through staking is considered to be “earning”, and the income from staking is also vividly called “income after bedtime.”

The essence of staking is “mortgage mining”. In projects with PoS and PoS-like consensus mechanisms, anyone can participate in staking to “earn coins” through encrypted asset mortgage lockup, which is different from cloud computing power. Staking income depends on the design of the inflation model of encrypted assets.

Flora: Okay, thanks. That’s it for MathWallet’s interview session. If you want to know more about MathWallet, please go to the official website of MathWallet: https://mathwallet.org

DAOSquare

Flora: The fourth one is DAOSquare.

DAOSquare: DAOSquare is the most influential DAO in China. DAO has brought us great innovations in production relations that are rarely seen in a century. Both DeFi and NFT crazes have proven the energy that DAO can release and the infinite possibilities it can bring. Therefore, we believe that DAO will become a significant organization company mode in the future. The vision of DAOSquare is to build the world’s largest DAO ecosystem, and thus form a globalized emerging economy.

Flora: OK, Thanks. How do you understand about KuChain?

DAOSquare: KuChain’s vision is to provide assets with better liquidity and financial innovation scenarios. DAOSquare is building the world’s largest DAO ecosystem, which will be a globalized emerging economy. Finance is a core element in this ecosystem, so it will be great to get involved in this process, and to explore the combination potentials between DAO and decentralized finance as well as the scenarios that they can integrate, so as to better help us achieve our goals.

Flora: Ok. To help us better understand DAOSquare, please share us with your advantages and characteristics.

DAOSquare: In my understanding, KuChain’s node is an aggregator that gathers collective wisdom and enables the decentralized governance of the on-chain ecosystem. DAOSquare is also an aggregator that gathers collective wisdom and enables the decentralized governance of the off-chain ecosystem. Therefore, DAOSquare and KuChain is a perfect match!

I am sure that DAOSquare is the only decentralized node of KuChain! The spirit of decentralization has been rooted in our blood, and with this spirit, we will build an exciting DAO world. Please don’t hesitate to vote for us, let’s explore the charming potentials of DAO together!

Flora: Sure. A community member asked: What do you think is the fusion point of DAO and KuChain? In other words, what application scenarios will DAO bring to KuChain?

DAOSquare: This is a good question. I think there are two aspects worth mentioning. First of all, as we all know, KuChain focuses on providing assets with better liquidity and financial innovation scenarios. Both for DAO itself and its ecosystem, the liquidity and financial scenarios are quite important because DAO ecosystem is actually an economy.

For example, Uniswap and YFI, both of them are the DeFi and financial innovations that are driven by DAO. Secondly, in the web3 world, DAO is the best organization format for almost all projects and teams, KuChain ecosystem will not be an exception. Therefore, DAOSquare hopes to join in and push the development of KuChain’s ecosystem togther.

Flora: Okay, thanks. That’s it for DAOSquare’s interview session. If you want to know more about DAOSquare, please go to the official website of DAOSquare: https://www.daosquare.io/

HashQuark

Flora: Now HashQuark.

HashQuark: Hello everyone! This is Rose from HashQuark. We are an infrastructure service provider. I think a lot of people know our staking service. Currently, we support several public chains, including Polkadot and Cosmos.

Flora: OK. Thanks. please share your views on KuChain.

HashQuark: HashQuark has been researching on many PoS and DPoS projects and will be committed to the development of the staking. KuCoin is a top exchange with great technical experience. Based on our test net experience, the public chain runs well. I believe that KuCoin will empower KuChain in several areas in the future.

Flora: OK. Voting governance is about to start, please share more information about HashQuark.

HashQuark: Our team is experienced in the blockchain industry and we have about 20 members. We have rich experience and knowledge to ensure the security of nodes and users’ assets. We attach great importance to security issues, although this issue is often ignored by many users. We have cooperated with the top security teams in Asia, and they will review our products and business before they are launched.

In addition, HashQuark has developed a large ecosystem. We’ve cooperated with many well-known wallets, exchanges, KOLs and Token Funds. We’ve got a large influence and appeal in the industry. We are also willing to share resources with our partners to help their development.

Flora: OK. A community member asked: People concerns about security and revenue of staking. How do you think the relationship between them? Please answer.

HashQuark: Actually, there’s no conflict between security and revenue issues. Security plays an important part in ensuring revenue. Security is often ignored, but it’s a big issue. The biggest risk of staking is slashing. Once there’s slashing, validators and their users will suffer big loss. We have our own 24/7 security team, and we also have deep cooperation with the top security teams in Asia to ensure the security of users’ assets.

Flora: Okay, thanks. That’s it for HashQuark’s interview session. If you want to know more about HashQuark, please go to the official website of HashQuark: https://www.hashquark.io/#/

InfStones

Flora: The last one is InfStones.

InfStones: Nicole, Head of Marketing at InfStones: InfStones is the world’s leading blockchain infrastructure company. InfStones is dedicated to bringing down the threshold to connect with blockchains, allowing clients to easily build their applications on top of hundreds of blockchain networks of their choice. Currently, InfStones is providing services to 30+ large institutional clients around the globe, supporting thousands of nodes on 30+ public blockchains. It is our great honor to join KuChain ecosystem, and look forward to have your votes!

Flora: Okay, thanks. Why you chose KuChain?

InfStones: As a leading blockchain infrastructure service provider, InfStones has close collaboration and partnership with many global leading institutional customers. KuChain is Kucoin’s public chain project as well as the mainnet for KCS token. The coming Kratos network, as a testnet of KuChain, share the same concepts and economic structures as KuChain. Moreover, Krato has its own values.

With the recent booming of DeFi projects, we definitely see the great market potential for DEX. As the first and most important version of KuChain, Kratos serves as the pioneer platform for users to perform experiments on innovative technologies and concepts in decentralized financing. We strongly believe that more and more innovative applications will be built on top of the Kratos chain to further prosper the DeFi ecosystem.

Flora: OK. Does InfStones want to share more with KTSt holders?

InfStones: Yeah. We are greatly honored to become one of the early validators on Kratos network. We have already completed all the process of validator and finished all the testing. Users can vote for InfStones through the Pool-X platform, to join in the governance of Kratos and get stable staking rewards as soon as Kratos network is released.

As we all know, validators play a very important role in the governance of public chains. As the guardian of the network, validators should provide a high availability service to secure the network. With richful experience on blockchain infrastructure, InfStones will help maintain the security and stability of the network, and lay out a solid foundation for any application running on top of KuChain.

As an expert in the PoS sector, InfStones has in depth collaboration and partnership with 30+ Public Blockchains, and thousands of nodes are running steadily under the monitor of InfStones’s network. We shall provide efficient and stable node services to all the KuChain users, to help them get stable rewards. And also promote network stability and ecosystem development!

Flora: OK. A community member asked: What is the difference between staking and the current popular DeFi? What do you think of the relationship between them? Which one do you think is more promising? Please answer.

InfStones: Staking brings a more stable return with less risk compared with DeFi. Thus, staking is preferred by users who believe in the long term value of the ecosystem. Meanwhile, DeFi is normally preferred by users who would like a high return rate in the short term. However, from my perspective, staking and DeFi should be partners rather than competitors. For example, a well-designed DeFi project could provide liquidity solutions to staking, which will definitely bring more return to the users.

Flora: Okay, thanks. That’s it for InfStones’s interview session. If you want to know more about InfStones, please go to the official website of InfStones: https://www.infstones.io/

Ending

Flora: Thanks for your participating!

I would like to remind everyone again. At 3pm on September 25th, users who participated in the BurningDrop event will get your own KTSt. As the “delegators”, KTSt holders can practice the right of voting by staking your tokens with chosen validating nodes. Delegators share benefits with your voting validators as well as the risks. One delegator can vote for multiple validators, with one token representing one vote.

KTSt holders can practice their right of Kratos betanet voting and governance through the following two channels:

1. Pool-X Channel: log into the KuCoin App, click “staking” on the landing page, then choose “vote” to start;

2. On-chain Channel: participate in true on-chain governance via the mobile gateway of the Kratos community wallet — Awake (tutorial is available here https://docs.qq.com/doc/DTHJUcERCcVlmV2V3?pub=1&dver=2.1.0

Thanks to our six node friends today. That’s it for tonight’s AMA, thanks!

Download Awake Wallet:

Community

KuChain emphasizes the core value of community first, aiming at a prosperous ecosystem jointly contributed, and the path of which will be collectively decided by the whole community. Come and join us at:

GitHub: https://github.com/KuChainNetwork

Discord: https://discordapp.com/invite/2tWtHDm

English Telegram: https://t.me/KuChainOfficialEnglishCommunity

Chinese Telegram: https://t.me/KuChainOfficialChineseCommunity

Reddit: https://www.reddit.com/user/kuchainofficial

Facebook: https://www.facebook.com/KuChainOfficial

Twitter: https://twitter.com/KuChainOfficial

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