Kambria token (KAT) supply update

Kambrians, the time is here. Thank you for being patient as we work together with our community to build and encourage a healthy community of token holders, developers, enthusiasts, and enterprise companies – united in a single goal: to #BUIDL. We are ready to share with you the next phase for the Kambria Token (KAT) and our blockchain ecosystem.

Among the most prevalent requests from our earliest supporters was to consider reducing both our total supply of KAT, as well as working towards creating a fair and healthy token distribution between token holders, the Kambria Foundation, and the team itself. If you have not had the opportunity to read through our Business Model Master Plan and Token Metrics papers, please take a few moments to read through them so that you can have a better understanding of what the team intends to do with Kambria allocated tokens. Our team-controlled tokens have always kept the interests of our community in mind in an altruistic manner with the sole purpose of benefiting the entire ecosystem as a whole. 

Kambria infographics
From the Kambria Business Model Master Plan

The Kambria Foundation’s goal is to protect the community and ecosystem and promote an environment of collaboration and innovation. Our community building fund of 1 billion KAT is intended to be paid back to the Kambria community in exchange for their contributions to the platform. The purpose of this fund is to support the growth and development of the platform through attractive incentives, developer support, and large-scale bounty and hackathon events. While continued growth is an absolute priority, solutions to curate new community members and benefit existing supporters”

kambria token metrics
Previous Token Metrics

And what you’ve been waiting for…

After careful consideration, we have decided that we would like to disable nearly 33% of the supply of KAT. This event is unprecedented, and the supply will originate completely from Kambria’s portion (we know, that IS huge!). Beginning December 1st, we will begin to permanently disable a total of 1.2 billion KAT from both our ERC20 and BEP2 (each) blockchains. 

The figure 1.2 billion was decided for a number of reasons, all of which in our estimation, is the fairest path forward to represent the interests of everyone involved. Firstly, it is 50% of the team’s remaining tokens. Second, it matches the 1.3 billion unsold tokens we burned previously (1.2B + the 100 million we burned in April), and third, this figure will create a near perfect 50/50 balance of Kambria/community tokens. The token disablement will be executed with full transparency, and will adhere to a strict schedule (to be announced). Kambria’s new token supply will be 2.6 billion KAT in total, spread across both our ERC20 and BEP2 blockchains. Our new distribution will comprise of Kambria representing 1.3 billion tokens, and the community of token holders representing the other 1.3 billion KAT. 

Stay tuned as we release more details about this event, including dates and strategies of how we will execute this monumental plan. We anticipate the first round of disabled tokens to begin before the end of the year, stretching into 2020, as we continue to plan and develop the Kambria ecosystem with new features, partnerships, events, and bounties. Things are surely heating up.


VietAI Summit 2019 – Free Tickets and KAT Giveaway!

If you haven’t already joined, we are having a giveaway! Kambria will join forces with VietAI for their annual AI Summit on November 2nd, 2019. This year’s event focuses on “AI for the Future”, exploring the most recent developments in AI across multiple disciplines like biomedicine, robotics, & media. To celebrate the event, we’re having a giveaway. Rules apply, details below.

We are happy to announce that ticketing has opened, and you can get your tickets easily at this link: https://bit.ly/2nWjVpG

→ Share Our Hashtag

You can earn FREE KAT tokens by sharing our hashtag on Facebook and Twitter. Eight users will be chosen to win using a random number generator.

How to Participate:

👉 Like Kambria and VietAI Social Media on Facebook and like Kambria on Twitter.

👉 Register for the Kambria Platform: https://app.kambria.io

👉 Tag at least one friend

👉 Retweet with the hashtag #VietAISummit2019 and/or #KambriaVietAI2019

👉 Share on both Facebook and Twitter for two chances to win!

👉 We’re giving away 2 free tickets to the event – so share and you can win a chance to hear from the brightest minds in the industry

→ Register for the Kambria Platform

As a thank you for registering for the Kambria Platform, we are giving away 1 million KAT!

🔹 Sign up for the platform from now until 11:59 am on November 3rd for a chance to win one of twenty 50,000 KAT prizes.

🔹 Entering is easy, simply create an account at https://app.kambria.io to be entered.

Click here for more details: https://kambria.io/blog/vietai-summit-2019

-The Kambria Team

#DreamItMakeIt

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Author

Kambria is the first blockchain project to build an open innovation platform for frontier technology. We are focusing first on the AI and Robotics vertical with the backing of our well-established robotics company, OhmniLabs. Through existing partnerships with top universities and large international corporations, as well as access to talented developers, we aim to build an ecosystem that can bring the next wave of frontier technology to provide value to billions of people around the world. Kambria - Accelerating Frontier Technology

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