Kalima Blockchain (KLX) for enterprises and IoT
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Kalima’s KLX token is listed on the BitMart Exchange
As stated on its social media channels and platforms, Kalima Blockchain has listed the KLX on the BitMart Exchange on February 2nd, 2023, opening up its utility token, the “KLX,” for public exchange and trade.
Following successful private sale rounds, the KLX is anticipated to establish a new trend in the cryptocurrency industry in 2023. Given the dependable profile Kalima and its utility offers, purchasers anticipate that the BitMart listing will propel the KLX to new highs.
What is Kalima Blockchain?
Kalima is a rapidly growing ecosystem that allows enterprises, developers, and startups to build the future of Web3 Enterprise and Data Governance applications, particularly with IoT (Internet of Things) data, in order to solve real-world problems.
It is a layer 1 third-generation blockchain, which enables users to independently govern, manage, and monetize data, build decentralized applications (dApps), and create tokens for smart-rewarding systems by leveraging Kalima’s decentralized network of permissioned blockchains (PrivaChains).
Kalima was created with the goal of creating new or improving existing business models, ranging from data notarization to decentralized finance (DeFi), tokenization (NFTs), data monetization, and Industrial IoT (IIoT) applications (Digital Twins, Predictive Maintenance, Smart Infrastructure, and so on).
Building dApps on the ecosystem is a natural process, actively supported by the Kalima foundation, whether for businesses or builders looking to benefit from the Kalima Network. Kalima offers powerful SDKs for developing dApps using standard languages and development tools, and then simplifies dApp development and provides the required support and maintenance. The Kalima Foundation will host a number of hackathons and developer airdrops over the years to help developers hone their skills, beginning with the inaugural Kalima Developer Airdrop, that is currently enrolling developers.
Kalima uses a delegated Proof-of-Stake (DPoS) consensus mechanism, not only allowing PrivaChains to validate transactions independently, but also creating a low-energy consumption blockchain. This means that the resources needed to run this consensus enables scalable operations, reducing the dependency of energy consumption for large PrivaChain users.
This also creates the ability for Kalima Blockchain to be embedded in small IoT devices, such as IoT gateways, Android and iOS phones and tablets, and more. This embeddability enables smart contracts being ran at the edge, which in turns enables the securization of data at-the-edge, i.e. the closest point of data to its source, but also for the blockchain to process about 85% of the data that is generated in such a configuration. Operators can run inferences of AI models at the edge, enabling a much faster processing and transaction speed in its configuration overall. (Learn more about Kalima Blockchain)
What is the KLX?
The KLX, Kalima’s token, listed on the Bitmart Exchange, offers a utility that is required for Kalima Network’s functionality. Unlike other BIoT (Blockchain for IoT) projects, Kalima’s KLX is utilized to protect the entire network rather than simply reward its users.
The KLX can be used to pay transaction fees, stake, create validation pools, acquire PrivaChains, and enable various essential Kalima Network functions (e.g: monetization of data on oracle dApps).
The maximum supply of the KLX is 480.000.000.000 KLX. The initial supply release in 2023 will be 160.000.00.000 KLX. Kalima put in place safeguards to protect KLX holders from inflation. The KLX contains a deflationary system with a halving mechanism; for every 16.000.000 new KLX produced, the validation reward is divided by two. It also contains a burn mechanism, which adds to the Kalima’s ability to counter inflation.
Following successful private sale rounds in which over €1 million of KLX was sold, the KLX is now listed on BitMart Exchange as an ERC20 on the Polygon Network, and DEX listings for the KLX are on the horizon.
When the Kalima MainChain goes live in 2024, the KLX token will transition from an ERC20 token to a native KLX token on the Kalima Network. Every ERC20 token holder will be able to convert their token to the native KLX token.
Why now is a good moment for the KLX to be listed
Given the state of the cryptocurrency and global markets right now, one would wonder why now would be a good moment for such a listing. The instability last year caused by rate hikes and the selloff of volatile assets such as cryptos may have given the impression that all is doom and gloom. However, as we enter a new year, 2023 appears to offer much more optimism when it comes to hunting for cryptocurrency to buy during the bottom. Moreover, as Bitcoin’s mining rewards are set to be halved somewhere in Q1 2024, and as most cryptocurrencies correlate with Bitcoin, this halving may kickstart a new crypto bull run next year, repeating the historical pattern.
While this could generally justify buying cryptocurrencies today or in the near future, the KLX’s listing entails other factors that make this specific timing righteous. As mentioned by NASDAQ, Yahoo Finance, and Markets Insider, the KLX is now regarded as one of the best cryptocurrencies to buy before the Bitcoin halving. Not only may its ecosystem’s explosive potential stimulate the KLX’s growth, but the tokenomics implemented by the Kalima Foundation are expected to defy current market expectations regarding its token.
As the remarkable failure of FTX heralds the start of a new era defined by more cautious and utility-driven investors and users, projects that were previously well-regarded, such as artistic NFTs, metaverse worlds, superfluous layer 2-3 projects, and others, are now receiving less praise and recognition from investors and cryptocurrency users. On the other hand, projects like Kalima Blockchain, which were born out of necessity, designed for real-world use cases, and have already been tested and proven to be utility-driven, may define the answer to the new Blockchain and cryptocurrency spheres’ expectations.
Finally, the timing of the listing fits into the Kalima Network’s (composed of permissioned blockchains renowned as “PrivaChains” and a public blockchain defined as the “Kalima MainChain”) vision of widespread adoption. Kalima Network’s deployment is currently underway; in Q2 2023, the network will begin to expand with the addition of six validation pools dedicated to its testnet and current customers. It will expand to 100 pools in order to provide a safe environment for its users.
By the time the Kalima MainChain is launched in 2024, and as the KLX token transitions from an ERC20 token to a native KLX token, the KLX is poised to outperform other new tokens on the cryptocurrency market.
As stated by Yannick Delibie, Kerlink CTIO, “The convergence between the IoT and blockchain combined with tokenization is a key element in a near future to envision new business models, based on trusted architecture, data traceability, immutability, and smart contracts or decentralized applications (DApps) at the edge of IoT networks”.
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
