Roadmap to Building Kala’s Network
It’s no secret that the race to build the world’s best blockchain has begun! According to a report by Netscribes Inc., the global blockchain technology market size is expected to reach 13.98 billion USD by 2022, with a compound annual growth rate of 42.8%. With a Kala community of over 6,500 people, Symatri is confidently designing and building a revolutionary Kala blockchain and network.
Kala’s Next Steps
Kala’s Advisory team is currently finalizing their ITO audit, and will soon take the first steps in building Kala’s blockchain network. Moving to its own blockchain not only increases Kala’s intrinsic value, it also adds stability and protection in the regulatory and legal arenas, and eliminates some roadblocks to being accepted on cryptocurrency exchanges. Symatri understands that these increased benefits and added value make Kala a more appealing cryptocurrency. They are therefore rewarding early Kala supporters by offering them first access to mining before the blockchain becomes available to the general public.
Building PhasesThe Kala blockchain and network will first be built among Symatri’s partners and the Kala community through the sale of exclusive, preconfigured Kala mining rigs. These rigs will be offered via a tiered rollout that will end with the general public. All participants can then mine Kala privately until reaching a certain network hash power threshold.
Benefits Of This Innovative Blockchain Creation
First to Mine Gets Highest RewardKala will follow a controlled supply system, similar to Bitcoin. This means there will be a certain number of Kala created over the lifetime of the coin, which will be distributed over time by fixed amounts. 50% of Kala’s total amount, in billions, will be released within the first four years. The percentage will then be halved every four years.
Years 1-4 = 50% of Kala lifetime amount
Years 5-8 = 25% of Kala lifetime amount
Years 9-12 = 12.5% of Kala lifetime amount
Years 13-16 = 6.25% of Kala lifetime amount
And so on.
The set amount of Kala being created every day will be distributed among the rigs that are actively mining Kala on that day. You can see that the greatest mining rewards will be received by those who mine in the first four years, especially by those who are among the first to mine Kala.
For example, if 10,000,000 Kala were available daily, and you owned one of the 100 rigs mining Kala, you would earn 100,000 Kala/day and 3,000,000 Kala every month.
This allows us to reward our early supporters, since they will have exclusive access to mining Kala at the beginning.
Increased Protection and StabilityBy building Kala’s blockchain and network in this way, we are able to protect it in the first stages when it would be most vulnerable to hijacking from competitors. Then, when the Kala blockchain goes public, it will already be built on an existing strong, secure, and distributed network foundation. This further protects the interests of Kala owners, since the currency cannot easily be taken over by powerful entities.
Decentralization at its FinestKala believes in the power of decentralization and the opportunity that it offers for everyone who wishes to participate, rather than select groups. One of many things that is drawing industry leaders to blockchain is having access to networks that allow honest transactions. Because of Symatri’s partners and Kala users, we already have a head start on the the ability to grow a truly decentralized, distributed network. This can open doors for future opportunities.
Once Kala’s blockchain hits the required hash power threshold, Symatri will complete preparations to get on crypto exchanges, finish Kala integration within the Symatri ecosystem, and publish the blockchain code base. Once the blockchain is public, anyone can become a node or mine Kala.
We will be announcing more specifics on all of Kala’s next steps in the upcoming weeks, so watch for updates via email, our blog, and the Kala Facebook, Instagram, and Twitter.
https://kalatoken.io/roadmap-building-kalas-network/