The community has spoken — and #KAON is moving forward. Proposal for community takeover & BTCfi pivot passed ✅ - Integrating Lombard & Babylon first. - Community governance by Month 9. - Dev starts now.
🌟KAON is evolving🌟 Despite tough market conditions, the mission continues—with fresh energy and sharper focus. We’re launching a community takeover and pivoting into a BTCfi aggregator—designed to thrive in the Bitcoin-native economy. Let’s build it together. #KAON #BTCfi #DeFi
We are excited to announce an important milestone in our project's evolution: the official change of our token ticker from $AKRO to $KAON. While the KIP-1 regarding restructuring & treasury approach is under community review, we want to share the confirmed details with you.
We have been a target of an orchestrated misinformation campaign over the last few weeks, aimed at misleading and sowing doubt within our community. Anonymous accounts have made unfounded claims about our tech stack, authenticity of our testnet, and even the originality of our code.
🏁 Dear Kaonians, our incentivized testnet campaign will end a day early, today!
👉 New end date: 10 AM UTC, Sunday, 22.12.2024.
⚠️ Please be sure to connect your ERC-20 wallet to your Zealy account before the campaign ends to ensure smooth participation in all future activities. Thank you.
🔥 Why is it a big deal? With our first public testnet, we've implemented the first-known implementation of an EVM-style user transaction nonces on a UTXO framework.
👉 This combination sets the foundation for users to access the EVM liquidity complex by swapping UTXO-native assets like ordinals, inscriptions, BRC20 tokens, and runes for EVM-friendly standards. Effectively tapping into a market that sees billions in trade volumes every day - THIS is a big deal.
⚠️ We're experiencing an unusually high demand for testnet tokens at the moment. Since Kaon testnet tokens are not minted by a smart contract but are in fact validated by producing blocks, the faucet is naturally undergoing a periodic refill procedure.
Although we've adjusted refill times to cater to the increased demand for this incentivized testnet, it may take some time before the faucet is active again.
We appreciate your support in helping bring native programmability, interoperability and scalability on Bitcoin.
🎉 Our first-ever incentivized testnet will be launching this Thursday, 12th December, 2024!
💡 Testnet v2.5.5 will act as a public testing ground for users to perform some of the key on-chain actions required in making Bitcoin natively programmable and bringing Bitcoin asset value cross-chain.
Check out our newly released GitBook to learn more about Kaon: https://t.co/bFD5ODpnnY
[Kaon Dev.Log.1] [Faucet, Docs, ETH RPC] [18.11.24 to 29.11.24]
📈 Total Commits: 58 https://t.co/7HmXfgC1Lh 🔖 New GitBook released: https://t.co/IkOqTsFTDD 🔧 Transitioned faucet from UTXO to EVM for a modern experience 📊 Added faucet stats + balance refill integration 🔑 Enhanced RPC: Implemented <getaddressnonce> support
We've just released a brand new set of documentation designed to bring a clear understanding of what we're building, the core concepts that'll drive #Bitcoin innovation, and how you can participate & build with Kaon.
🔖https://t.co/bFD5ODpnnY
Explore how Kaon works as we prepare for our first incentivized testnet launch 👀
🌱 "We are the first chain-agnostic UTXO-native BTC layer, making #Bitcoin interoperable, composable and scalable."
✨"We're introducing a cryptographically-secured, cross-chain mirrorBTC, eliminating the need for bridges or oracles, and developing complex financial instruments within the #BTC ecosystem."
Excited yet?
Hear more about our vision for driving Bitcoin's future and unlocking a trillion-dollar capital for the next evolution of financial markets 👉 https://t.co/ZnFj0fkIZg
Thanks to @optimaventures for hosting us alongside @BitlayerLabs @Amplifi_Fi & @COVAULTbtc 🙌
The ERC-XXXX proposal defines a secure, self-custodial solution for cross-chain asset exchanges via atomic swaps. We think it's a great step forward!
Here are some of our key considerations:
Extended Address Standards: For non-EVM chains like UTXO, integrating an extended address standard such as CAIP-10 could improve identification of customers and traders.
Chain Reorganizations: Addressing potential challenges such as malicious reorgs, including determining responsibilities for reorgs within the token standard—whether it should be the sender, receiver, or flexible based on the deal.
Atomicity and Fees: The proposal must consider the variability of fees across pools, which could affect the atomicity of swaps and introduce opportunities for draining pools through transaction spamming.
🌱 At Kaon, we're building the future of capital markets natively on Bitcoin.
🏛️ As opposed to existing risk-prone designs; we're applying first principles approach to building a 0 to 1 primary for the future of Bitcoin-backed financial markets.
⚡ Imagine seamless trading, lending, and more - directly on Bitcoin, without the need for oracles, bridges, or centralized points of failure.
📈 Moreover, Kaon’s cross-margining will allow users to leverage BTC assets across multiple chains, maximizing liquidity and optimizing capital efficiency.
This isn’t just another L1 evolution - it’s Bitcoin’s true leap into finance markets where native yields and programmability are the new norm. 🚀