KCN
No. 1254Price
Markets
Market | Price | 24H Change | 30D Change | 24H Volume | 24H Value |
|---|
- Coin Introduction
Project introduction
Kylacoin stands as a multifaceted blockchain ecosystem, boasting a robust store of value, and actively fostering scalability and interoperability within its framework.
Starting from block height 494000, which commenced on March 7th, 2023, only a 10% developer fee is applied to mined blocks.
The developer fee serves to support various aspects of development, including enhancing liquidity, covering server expenses, conducting blockchain analysis, and facilitating future listings.
Token application and distribution
Token application:
- Mining
- Transaction fee
- Developer fee
Token distribution:
Kylacoin has the maximum supply of 21,000 coins for the lifetime of the project. After we reach the
maximum supply, no more coins will be released, and miners will only be rewarded with the fees of the
transactions.
Because the block time is 60 seconds for faster confirmations, we chose to keep the block reward
reasonably low initially at 0.005 KCN, and will be halving every 4 years.
Kylacoin was launched fairly without any premine or ICO; we announced the project a few minutes after
the blockchain started working, on bitcointalk1. Every penny is released through mining.
As of version 1.2.0, we have added a 10 percent developer reward to the blocks, which helps us with the
development of the project, recruiting people, and keeping up the servers.
Investing in cryptocurrencies carries market risks and price volatility. Before buying or selling, investors should consider their investment objectives, experience, and risk tolerance. Investments can result in partial or total loss, and investors should determine the investment amount based on the level of loss they can afford. Investors should be aware of the risks associated with crypto assets and seek assistance from financial advisors if in doubt. Additionally, there may still be unforeseen risks. Investors should consider their financial situation with diligence before making any trading decisions. The opinions, news, analysis, etc., provided on this website are market commentary and do not constitute investment advice. The platform is not responsible for any profit losses incurred due to reliance on this information.
The cryptocurrency data displayed on the platform (such as real-time prices) is sourced from third parties and for reference only, no guarantees provided. Trading on the internet comes with risks, including software and hardware failures. The platform does not control the reliability of the internet and is not responsible for any losses resulting from connection failures or other related issues.