How many KAR tokens unlock at TGE?
10.2% of the total supply (16,320,000 KAR) is unlocked at TGE, with the entire unlock going to Community.
What is the total supply and circulating supply of KAR?
Karura has a total supply of 160,000,000 KAR, of which 141,407,994 KAR (88.4% of total) is currently circulating.
What is the token emission schedule for KAR?
Total length of the full Karura emission schedule is 4 years, with 46.24% released in Year 1, while the remaining 42.14% is released over the following 3 years.
What is Karura (KAR)?
Karura is the decentralized financial (DeFi) hub of the Kusama network, designed as Acala's sister platform for enhanced cross-chain financial capabilities. As a top-tier parachain, Karura empowers developers and users with a fast, scalable, and user-friendly blockchain ecosystem tailored for Kusama and interoperable with Polkadot. Central to Karura’s operations is the $KAR token, a utility and governance token driving the ecosystem's functionality.
The $KAR token plays an integral role in securing Karura’s parachain, facilitating governance decisions, and staking to ensure network reliability. It also underpins transaction fees and incentivizes liquidity provision in Karura’s decentralized applications. Karura enables users to interact seamlessly with groundbreaking DeFi services such as staking, token swapping, borrowing, and lending, all powered by its advanced, high-throughput parachain infrastructure.
One of Karura’s flagship offerings is the Karura Dollar (kUSD), a decentralized, multi-collateralized stablecoin backed by cross-chain assets. This stablecoin ensures low volatility, allowing users to transact reliably across the Kusama and Polkadot ecosystems. Additionally, Karura’s advanced automation in financial trading, combined with reduced transaction costs, significantly enhances user efficiency and trading strategies.
Karura’s tokenomics is built on sustainable economic mechanisms aimed at creating long-term value. The finite $KAR supply supports network scarcity, while staking mechanisms and transaction fees prevent token inflation. Users and developers benefit from fast transaction finality, interoperability with other parachains in the Polkadot ecosystem, and a robust framework for scaling decentralized applications (dApps). Perfectly positioned as a DeFi hub, Karura exemplifies how interoperability between blockchain networks can streamline and revolutionize digital finance.
Karura's position as Kusama’s financial hub enhances its market appeal, making it a pivotal player within the Polkadot ecosystem. Through its advanced tokenomics, staking mechanisms, and innovations like kUSD, Karura is paving the way for a scalable and efficient multichain DeFi future.