Kakao - South Korea's Internet giant has reached 50 million users of its e-wallet

Kakao Korean Internet giant has reached 50 million users of their e-wallet

Korean internet giant Kakao Corp has launched a new website for its upcoming encrypted wallet, Klip.
According to a report from News1 Korea on August 12, Kakao provided the wallet website as a product of the "Expand" tab on the KakaoTalk messaging application - the foundation on which the real wallet will eventually be integrated. .

50 million users will have access to encrypted wallet
Wallet Klip - developed by blockchain subsidiary Kakao, GroundX, will allow users to store Klaytn they earn online. With a focus on support applications such as finance, content creation and blockchain-based games, the wallet will also support token codes that are not replaced.
Besides Klaytn, Klip is also expected to support the company's token partners Klaytn, the exclusive company, which was released in June this year.
According to information from News1 Korea, the website currently displays Airbloc, Pebble and Spin Protocol partner logos.

With global 50 million KakatoTalk users as of June 2019, GroundX CEO Han Jae-Sun emphasized that the decision to integrate wallet into popular messaging applications is a matter of maximizing accessibility. pre-coding.
According to an official Kakao, anonymously, Klip is expected to launch in the second half of this year.
According to reports at the launch of mainnet Klaytn, companies use Kakao mainnet, which is said to have a total market value of $ 64.8 billion. By October this year, Kakao is aiming to have 34 decentralized applications (DApps) supported on this platform.

In this March regulation , Kakao said it will repeat the provision of initial capital mobilization (ICO) to Klaytn after earning $ 90 million from investors. In December 2018, Kakao announced for the first time that it is planning to raise about $ 300 million through Ground X to develop its own token.
GroundX - where ICO operates - is notably based in Japan, according to Korea's strict anti-ICO policy.

Plan to sell CKB token from Nervos Network

Since the Nervos project was put on the first bricks in early 2018, the development team of this project has worked relentlessly to build the top blockchain solution as a foundation for a decentralized economy. via Nervos Network and Nervos CKB (Common Knowledge Base) - Layer 1 protocol based on Proof of Work of public blockchain Nervos Network.

Plans to officially sell Nervos CKB
Note: hidden electronic money market is not much risk, consider carefully before deciding to invest.

In today's article, we would like to send you the detailed information about the open sale token to CKByte Nervos. One thing that investors should note is that Nervos Network will not use token ERC20 or other "reservation" in this launch. Token Nervos CKByte is a utility token dedicated to the Nervos Network and will be used to manage resources as well as encourage operators to exploit, while allowing owners to allocate storage space on CKB's blockchain.

The Nervos project has raised $ 28 million from key partners including Polychain Capital, Sequoia China, Wanxiang Blockchain, FBG Capital, Blockchain Capital, Dekrypt Capital, Breyer Capital, Multicoin Capital, Matrix Partners China, Kindred Ventures, 1kx , zk Capital . Writing by Aaron Brown of Bloomberg also lists Nervos on the list of projects with explosive growth potential in 2020.

Details of Nervos's opening token sale
Investors will be able to register to buy tokens on a licensed platform in mid-September.
The total number of tokens issued in the Genesis block will be CK 33.6 billion , 20% of which will be sold publicly.
The price of the token in this semi-public opening will be 1 CKB = 0.01 USD.
All purchased tokens will be released in Genesis (the first block of Nervos CKB) when the Mainnet is released, currently scheduled to take place in the fourth quarter of 2019.
The initial circulated supply at the mainnet launch is expected to be 12,375,988,800 CKB (please see Token Distribution section for details).
Open platform for sale Nervos CKB
For the open sale of Nervos CKB, this project will work with a licensed intermediary platform and this is the only official channel for selling CKByte tokens. Nervos Foundation does not endorse any other 3rd party platforms or agents.

Token distribution in the first launch of Mainnet

Open public token
20% - circulated when launching mainnet, not locked

Will be purchased through a licensed intermediary platform

Ecosystem development fund
18.5% - not yet circulated when starting mainnet

Ecosystem development fund will be dedicated to building Nervos ecosystem and will be unlocked after 2 years.

Plan to sell Nervos CKB
Development team
15% - delivered in 4 years, 1/3 is released when launching mainnet.

Private sale (2018)
14% - sold within 2 years, 2/3 is released when launching mainnet

Nervos sold 14% of the total tokens in the genesis block for about $ 28 million to some investor organizations in early 2018. You can see more details here.

Plan to sell Nervos CKB
The selling price for private token is about 1 CKB = USD 0.006

Strategic partnership
5% - not yet released when launching mainnet

The capital paid to Strategic Partners helped build Nervos Network - Cryptape and Chinese Commercial Bank

Plan to sell Nervos CKB
Reserve platform
2% - circulated when launching mainnet

Nervos Foundation spends 2% of Genesis tokens for good use for community donations, such as providing integrated libraries.

Testnet offers
0.5% - circulated when launching mainnet

Reward for testnet participants through mining competitions and error-finding programs.

Burn token
25% of Genesis token will be burned (not circulated).

Cash flow
At a price of 1 cent for each token, the initial market capitalization will be about 36.8% of the total supply, or approximately 123.76 million USD.

Nervos CKB's token economic model allows the owner of his token key in NervosDAO to minimize the impact of inflation in secondary issuances. The red line in the chart above shows the circulated supply that is not issued secondary, when users use their token key in NervosDAO and receive a reward of the secondary release block. In this case, the inflation index of the secondary issuance is expected to occur nominally, equivalent to keeping tokens with a predetermined capitalization.

Nervos token release schedule
First time supply
33.6 billion CKB in the genesis block, of which, 8.4 billion CKB will be burned immediately.

Base release stage
A total of 33.6 billion CKB will be released. The annual issue will be halved every 4 years

Secondary issue
1,344 billion CKB per year

To learn more about how to issue a new token, please read Nervos CKB's RFC tokenmetrics.