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Kylin Stock

Kylin

KYL

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Kylin Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
Gate.ioKYL/USDT0.014.45332.2800cex14/8/2025, 6:32 AM
Gate.ioKYL/ETH0.010000cex14/8/2025, 6:32 AM
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Kylin FAQ

### Overview of Kylin Kylin is a cutting-edge cryptocurrency designed to offer efficient data infrastructure solutions for the blockchain ecosystem. By facilitating data exchange capabilities, Kylin aims to enhance the functionality and interoperability of decentralized applications. ### Key Features 1. **Data Marketplace**: Kylin provides a secure and transparent platform for buying and selling data, enabling secure transactions between data providers and consumers. 2. **Oracles**: The platform supports decentralized oracles that supply smart contracts with reliable and real-world data, ensuring trust and accuracy in decentralized operations. 3. **Data Analytics**: Kylin includes advanced analytics tools to process vast amounts of data, offering insights that can drive informed decision-making. 4. **Cross-Chain Interoperability**: The project is designed to be compatible with various blockchain networks, enhancing connectivity and data sharing across different ecosystems. ### Kylin's Vision Kylin's primary vision is to bridge the gap between blockchain technology and real-world applications. By offering a robust data infrastructure, it aims to support the development of innovative decentralized applications that rely on accurate and timely data. ### Current Market Position For up-to-date information and detailed statistics about Kylin, including its current market position, trading volume, and historical performance, please refer to Eulerpool. This resource provides comprehensive data and insights for investors and enthusiasts looking to understand the dynamics of Kylin's market presence.

Kylin Network is set to deliver a decentralized data infrastructure solution known as #DeData for Web 3.0, utilizing Polkadot and Polkadot Substrate 2.0 Off-Chain Workers. This includes the Kylin Data Oracle, Kylin Data Analytics, and the Kylin Data Marketplace. KYL serves as the native utility token with the following uses: - Staking for data miners, validators, and arbitrators. All miners must stake KYL, with a higher stake increasing the likelihood of being chosen to fulfill data requests. - Medium of Exchange. KYL will be utilized to pay transaction and query fees, as well as for accessing data behind paywalls (private APIs). - On-Chain Governance. KYL token holders have the ability to vote on protocol upgrades and parameter changes within the Kylin Network.

Where can KYL be purchased?

KYL is available for trading on an increasing number of exchanges. As of March 2021, KYL has been officially listed on Uniswap: https://info.uniswap.org/token/0x67B6D479c7bB412C54e03dCA8E1Bc6740ce6b99C Safety advice: Always double-check the KYL Smart Contract: 0x67B6D479c7bB412C54e03dCA8E1Bc6740ce6b99C New to cryptocurrency? Read Eulerpool’s easy guide to buying Bitcoin or any other token.

Kylin's technical architecture encompasses the following components:

Kylin Data Analytics offers a suite of analytic tools specifically designed for data warehouses. It effectively extracts significant data insights and patterns, provides interpretations, and implements cost-effective commercialization functionalities for public use. Additionally, it offers a query engine and a RESTful API for integration with third-party applications such as Dapps and networks, as well as external analytics tools, including BI tools and machine learning platforms. The Kylin Data Oracle is an advanced decentralized protocol for data sourcing, powered by Polkadot, which provides cost-efficient, real-time data feeds. Complementing the Substrate 2.0 Off-Chain Workers (OCWs), the Kylin Oracle Network processes various types of data both on-chain and off-chain in a validated and reliable manner. Kylin Data Marketplace is an open platform dedicated to data exchange and pricing. It enables Dapps built on Polkadot to efficiently gather both off-chain and on-chain data while incurring very competitive fees. Kylin aims to broaden the scope of its data provisioning resources to encompass all potential data types and sources, including but not limited to social media posts, flight information, exchange rates, and weather reports.

### Kylin Team Members Please refer to Eulerpool for detailed information on the team members associated with Kylin.

The 21-person team and advisory board bring together expertise in technical, marketing, and financial fields from leading blockchain projects, academic institutions, and prestigious companies such as Columbia University, Wharton, Johns Hopkins, Beam, TomoChain, Harmony, JP Morgan, Baidu, and Credit Suisse. **CEO - Dylan Dewdney** Founder and incubator of Kylin. Previously Co-Founder of Harbour DAO and part of the GTM team for Beam.mw, serving as Chief Evangelist and Head of Growth for AdEx. A dedicated cryptocurrency enthusiast, miner, and investor since 2011/2012. **Interim CMO/Head of Advisory Board - Beni Issembert** Boasts 15 years of experience as an entrepreneur and global marketing leader in the scientific and technology domains. Former CMO for Concordium and GTM for BEAM.mw. Additionally, he is a published author, holds a Ph.D. from Johns Hopkins, and is a member of the Open Source Initiative. **Full-stack Developer - Aaron Po** Possesses 7 years of experience in full-stack development, with extensive knowledge in creating scalable systems and blockchain solutions. Technical stack includes C#, Java, Rust, Go, Javascript, AWS, Kubernetes, Hadoop, HBase, among others. **System Architect/Substrate Developer - Andy Zhuang** Brings seasoned development expertise in Hyperledger, Ethereum, and EOS. Specializes in the architecture design of DeFi and token economics. Previously a Senior Software Developer and Data Scientist at Baidu.

Strategic Investors

Kylin successfully completed its Seed Fundraising in November 2020, securing support from nine institutional investors. These investors provide assistance in areas such as capital, project advisement, technology development, future parachain slot auction, among others. The investors involved are: Digital Strategies, Signum Capital, PNYX Ventures, Moonrock Capital, AU21 Capital, CMS, ZMT Capital, Rarestone, and Tenzor Capital.

Kylin Development Timeline

Q2 - Q4 2020: Proof of Concept, Whitepaper, Development/Marketing Launch, Seed and Private Sale Q1 2021: Smart Contract Security Audit, Public Sale, Token Generation Event (TGE) Q2 2021: Testnet, Bug Bounty, (Potential) Parachain Lease Offering (PLO) Q3 2021: Mainnet Launch, Partner and DApp Integrations

KYL Token Metrics

The KYL Token Generation Event occurred on March 5th, 2021. The total supply comprises a maximum of 1,000,000,000 KYL, with the initial circulating supply recorded at 67,687,500 KYL. For comprehensive metrics, please refer to the following link: https://wiki.kylin.network/getting-started/kylin-network-token-economics

Investors interested in Kylin are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.