Apr 1
Konstellation AMA Recap: March 2022
The Community AMA took place on March 31, 2022 on Zoom and Youtube.
See below the key topics discussed in the AMA.
Key topics:
- Upcoming ecosystems: Kambrian, Taebit, Alkemy
- Squid Squad OG: 1st Batch Game and Ukraine Fundraising Campaign
- 60 New Validators
- DARC OTC Buyback
- DARC Tokenomics
If you missed the live AMA, you can still watch it here: Community AMA
DARC Token
DARC is now liquid — you are able to trade the token in 2 formats:
DARC exists in 3 protocols:
- Native DARC exists on Konstellation network
- Solana or SPL version
- Binance Smart Chain
The 2 formats that are traded are the native DARC and Solana and in order to get to those formats, users will have to use Konstellation’s Bridge.
Konstellation Bridge is continuously being developed by the team to improve functionality and its robustness.
Squid Squad OG will launch a fundraising campaign for Ukraine. The new collection will contain 456 limited edition NFTs. And 100% of all the proceeds will go to the Ukraine government directly and help aid Ukraine.
Launch date: April 8, 2022
Duration: 1 week
Price: 0.5 sol ($50)
Marketplace: Magic Eden
No. of NFTs: 456
0.5 sol is $50, the total proceeds will amount to:
456 x $50=$22,800
Konstellation will match the donation, doubling the total proceeds to $45,600, if all 456 NFTs are sold including the donation matched by Konstellation. Additionally, anyone that purchases NFTs from the new collection will have a chance to win a rare ZelenSquid NFT.
As the community is aware, we have team members that have helped build the Konstellation network from Ukraine, so we are committed in supporting the efforts of Ukraine.
For more information, follow @SquidSquad_OG on Twitter.
Konstellation has been developing a DeFi stable coin or decentralized algorithm stable coin that uses a single reserve but allows stable coin minting in any currency denomination.
The goal is anyone can trade in their own currencies in a decentralized economy. Alkemy has been completed and is scheduled to launch soon.
Taebit as a DEX is currently still under development. The goal is in working with Alkemy, Taebit will be one of the first exchanges that use native denominated stable currency. What this means is that in any country you live in, you won’t have to trade both crypto fairs and you’re able to pay in local denomination but it doesn’t require fiat on ramps.
This would be a significant achievement for Taebit because on ramps are getting tighter for individual investors to trade and governments in Canada and Korea have imposed censorship. The blockage of any crypto activity by governments has created a greater need for decentralization and most investors are still finding ways to trade or denominate in their own currency. And the only way to achieve this in a decentralized economy is through a stable coin.
Kambrian is currently focused on partnerships with companies and institutions that share the same vision — a decentralized economy with NFTs and transforming content into web 3 assets.
Konstellation has been enhancing the core development team who are experts in Cosmos SDK. The team is focused on developing Konstellation Bridge and the new interface of Hubble Wallet.
The core focus for hiring is a candidate that has an expertise in building Cosmos SDK, both at the SDK level as well as building rust contracts both on Cosmos and Solana.
For more information, visit here.
Send your resume: info@konstellation.tech or hiring@konstellation.tech
Konstellation has partnered up with other AMA communities. You can find Konstellation’s upcoming AMAs here: 2022 AMA Schedule
The goal of the partnerships is to grow the community and bring interest to the DARC token and the ecosystems as a whole.
If there are any influencers you would like to see Konstellation partner up with, contact us and the team will take it into consideration.
The intention has been to strengthen the decentralization of the network by decentralizing from our foundations node. Recently, 60 new external validators have been added on the Konstellation Network.
Konstellation has done delegations to new validators that have joined the network. The goal is to enhance and accelerate these efforts by decentralizing our validators. Konstellation will soon make an announcement on re-delegating from the foundation’s delegations that have been made to the foundation’s validators through different programs for validator delegation.
There will be a period of on bonding and re-delegating that will change the bonding ratios and the staking rates will go higher until May 29. The effort is towards decentralization benefit for the network and for the DARC token. And the funds will be re-delegated to other validators that are going to be joining the system.
Benefits:
- The effort will improve the reliability of the bridge and all front-end services
- Decentralizing away from the foundations validators
- Giving delegations to new validators that are joining the system that will be validating and developing tools that will help the Konstellation network
Learn more about our validators here: Part 1 and Part 2
If you are interested in becoming a validator, contact us.
Q&A Session with the Community
Most of the questions from our community have been about the DARC OTC Buyback, so the AMA covered the purpose and benefits of the buyback.
Instead of trading in terms of slippage, the purpose of the OTC buyback is to offer a service to our investors that want to sell but may not be so DEX-native as other investors. It is an option of being able to sell direct at a fixed price and the foundation is willing to buyback at which is the current market price. The service is for investors that may prefer the buyback over being in index or holding the token in a liquidity pool and the foundation is willing buy that set amount at a fixed price.
If you are interested in participating in the program, you can fill up the form.
DARC OTC Buyback Form: Here
The OTC buyback is an option that is only available for a limited time, so please make sure to submit the form before the deadline.
Deadline: 7 April 2022 KST
We hope you join us in providing liquidity!
DARC Tokenomics
Konstellation is working on OSMOS programs, so liquidity pools are growing on both our OSMOS and ATOM pair. The new incentive pool available on Osmosis Zone stands at 10,000,000 DARC tokens, composed of 5,000,000 $DARC/$ATOM pool and 5,000,000 $DARC/$OSMO pool for bonus bonding rewards. The bonus bonding rewards increase according to the duration of the incentive pool, ranging from 500,000–5,000,000 $DARC over a period of two weeks.
Given the significant APR rewards currently available for OSMO, the incentive pool allows participants to earn additional 50% — 150% APR in DARC rewards.
Pricing, Market Liquidity, and Market Cap
Another most asked question by the community were questions generally about pricing, market liquidity, and market cap. Konstellation will start a series here on Medium on the analysis of the DARC token on a frequent basis, along with updates on staking.
All of the activities are intended to drive accretion to the Konstellation network and the DARC token.
The information we will be providing is not meant to be a signal, but to provide information in an easily digestible format.
If you have further questions, feel free to reach out to us at info@konstellation.tech
You will also have the chance to ask more questions in our next AMAs in 2022!
To keep up with Konstellation, please follow us on:
Twitter | Facebook | LinkedIn | Telegram (Official) | Telegram (Announcements)
Medium | Kakao | or visit us on https://konstellation.tech
