Brief Introduction
Krest is peaq’s canary network - the world's first and only Economy of Things simulation network. krest is your home for socio-economic, technical, community, and governance innovation and experimentation within the peaq ecosystem. Launch dApps, DePINs, and tools for the Economy of Things and assess their impact in a live environment on a public blockchain network, without running the risk of causing real-world harm.
Please note: All information in this page is provided by the project team. Strictly for references only.
Project Highlights
There are several examples of thriving canary networks within the Dotsama ecosystem. Moonrover is a canary network of Moonbeam, which means it is a testing ground for new features and upgrades before they are implemented on the main Moonbeam network. Similarly, Karura is a canary network of Acala, allowing for testing and experimentation of new functionality before deploying to the main Acala network. These canary networks help to ensure the stability and reliability of the main networks while also allowing for innovation and development of new features.
Token Allocation:
Category | Amount | % of Total Supply |
Funding Activities | 50,000,000 | 12.5% |
Early Backers | 20,000,000 | 5% |
KSM Parachain | 80,000,000 | 20% |
Treasury Reserve | 40,000,000 | 10% |
Adoption programs | 90,000,000 | 22.5% |
Community initiatives | 100,000,000 | 25% |
Team | 20,000,000 | 5% |
Total | 400,000,000 | 100% |
Total Supply: 400,000,000 KREST
Risk Disclosure
Start-up blockchain projects may face significant risks in operation, underlying technology, and legal and regulatory environments. Investing in such projects requires rich technical and financial knowledge to understand the inherent risks associated with blockchain start-ups. Before making any investment decisions, we recommend that you conduct thorough due diligence, evaluation, or seek advice from professional consultants.
The prices of digital assets related to blockchain projects exhibit high volatility and may fluctuate due to various factors. Investing in such projects may result in significant or total investment losses. Additionally, due to underlying technology of blockchain projects or cyber attacks, you may be unable to withdraw digital assets related to blockchain projects partially or completely.
When deciding whether to invest in this project, please carefully assess the risks and make a decision based on your risk tolerance. MEXC does not guarantee or compensate for any investment losses incurred by you.
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The MEXC Team
28 July 2023
