KMA
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KMA

Calamari Network 2-5 years
Cryptocurrency
Website https://www.calamari.network/
Browser
OTH RELPs
White Paper
KMA Avg Price
-0.72%
1D

$ 0.001944 USD

$ 0.001944 USD

Market Cap

$ 675,249 0.00 USD

$ 675,249 USD

24h trading volume

$ 12,737 USD

$ 12,737 USD

7d Vol

$ 82,029 USD

$ 82,029 USD

Circulating supply

2.8556 billion KMA

Related information

Issue Time

2021-11-29

Platform pertained to

--

Current price

$0.001944USD

Market Cap

$675,249USD

Volume of Transaction

24h

$12,737USD

Circulating supply

2.8556bKMA

Volume of Transaction

7d

$82,029USD

Change

24h

-0.72%

Number of Markets

7

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KMA Price Chart

Introduction

Markets

3H

+2.15%

1D

-0.72%

1W

+6.57%

1M

+14.35%

1Y

-89.34%

All

-89.34%

Aspect Information
Short Name KMA
Full Name Calamari Network
Founded Year N/A
Main Founders N/A
Support Exchanges Gate.io, Solarbeam, MEXC and Kucoin
Storage Wallet Manta wallet
Customer Support Medium, Telegram, Twitter and Discord

Overview of Calamari Network(KMA)

Calamari Network, also known as KMA, is a privacy-preserving DeFi stack on the Kusama network. Launched by the Manta Network, it allows its users to transact on Kusama anonymously. Calamari combines both the ZKP (Zero-Knowledge Proof) privacy protocol for Kusama assets and the automated market maker (AMM) protocol for swapping. The platform aims to address the transparency issue in the blockchain world where all transaction histories are public. Calamari Network's native cryptographic token is KMA, which is utilized within the ecosystem to power various actions. The project's utility value lies mostly in its privacy-enhancing capabilities, making it relevant for users who prioritize transaction and asset privacy. Tech-wise, the Calamari Network is noteworthy for its use of groundbreaking cryptographic technology.

Overview of Calamari Network(KMA).png

To obtain more information, you can visit their website:https://calamari.network/ and try to log in or register to use more services.

Pros and Cons

Pros Cons
Privacy-preserving capabilities Dependence on the success and security of Kusama
Use of zero-knowledge proofs Relatively new project on the market
Native DeFi capabilities Regulatory concerns due to privacy focus
Backed by Manta Network

Pros of Calamari Network (KMA):

1. Privacy-preserving capabilities: Calamari Network is built to address the transparency issue in the blockchain world. It allows users to make transactions on Kusama anonymously by using Zero-Knowledge Proof.

2. Use of Zero-knowledge proofs (ZKP): The application of ZKP in Calamari Network enhances the privacy of users. ZKP is a cryptographic technique that enables one party (the prover) to prove to another party (the verifier) that they know a value, without conveying any information apart from the fact that they know the value.

3. Native DeFi capabilities: Calamari Network has an internal DeFi protocol, which benefits users with an automated market maker for swapping tokens.

4. Backed by Manta Network: Manta Network, a well-established project in the cryptocurrency industry, has initiated and backs Calamari network's development.

Cons of Calamari Network (KMA):

1. Dependence on the success and security of Kusama: As a stack on the Kusama network, the performance and security of Calamari Network can be greatly influenced by the parent network.

2. Relatively new project on the market: As a new entrant in the market, Calamari Network might face risks associated with less market recognition, stability concerns, and potential unforeseen technical issues.

3. Regulatory concerns due to privacy focus: While the privacy-preserving capability is a strength, it also draws regulatory scrutiny towards the project. The use of ZKP for private transactions might not align with some jurisdictions' regulations on financial transparency.

What Makes Calamari Network(KMA) Unique?

Calamari Network introduces the first-ever combination of ZKP (Zero Knowledge Proofs) privacy protocol and an Automated Market Maker (AMM) on Kusama. This innovative blend enables users to transact Kusama assets securely while preserving transactional privacy, leveraging zero-knowledge proofs. Zero-Knowledge Proof is a cryptographic method that exemplifies the notion of privacy by allowing one to prove they have specific knowledge without revealing what that knowledge is. This stands as a significant advancement within the DeFi space as transparent transactional history has been a contentious issue with blockchain technology.

Further differentiating itself, Calamari Network is designed specifically to operate hand in hand with the Kusama network. This stands in contrast with most existing DeFi platforms, which are built on Ethereum or operate as standalone blockchains. By integrating directly with Kusama, Calamari Network can take advantage of the security, scalability, and interoperability features that Kusama network provides, and ensure a smoother user experience.

Despite these novel aspects, Calamari Network remains part of a crowded and competitive cryptocurrency landscape. Many other projects are also leveraging cutting-edge cryptographic techniques or designing specific integrations with other blockchains. It is essential to approach each project with a critical view and understand both their unique offering and how they fit into the larger ecosystem.

What Makes Calamari Network(KMA) Unique?.png

How Does Calamari Network(KMA) Work?

Calamari Network operates as a DeFi stack built on the Kusama network. It utilizes a combination of the ZKP (Zero-Knowledge Proof) privacy protocol and Automated Market Maker (AMM) protocol to create a platform where users can transact Kusama assets anonymously.

In terms of the working principle, when a user decides to use the platform for transactions, they must first convert their Kusama assets into a private version within the Calamari Network. The private asset is essentially a representation of their original asset, but in a specific form that hides its information against public access. This conversion process uses the ZKP privacy protocol, which allows the user to prove they possess these assets without revealing any information about them.

After the conversion, the users can interact directly with the AMM protocol for asset swapping. Using the AMM protocol allows users to trade directly with the liquidity pool instead of with other users, thereby providing a faster, more efficient trading experience.

Furthermore, Calamari Network relies on its native cryptographic token, KMA, which is used for various actions within its ecosystem, such as participation in governance decisions, and for staking, among others.

It's important to note that the secure and anonymous nature of transactions on the Calamari Network is possible only because of the Zero-Knowledge Proofs, a significant feature in privacy-preserving protocols, which is seamlessly integrated with the platform.

Price

As of Wednesday, November 15, 2023, the price of Calamari Network (KMA) is $0.00075727 USD with a 24-hour trading volume of $168,918 USD. The current market cap of Calamari Network is $2,150,623 USD. The circulating supply of Calamari Network is 2.9B KMA.

Exchanges to Buy Calamari Network(KMA)

Gate.io, Solarbeam, MEXC, and KuCoin are all cryptocurrency exchanges that provide platforms for users to buy, sell, and trade KMA.

Gate.io: Gate.io is a global cryptocurrency exchange that offers a wide range of cryptocurrencies for trading. It provides a user-friendly interface, advanced trading features, and options for spot trading, margin trading, and futures trading. Gate.io also offers various security measures to protect user funds.

Solarbeam: Solarbeam is a decentralized finance (DeFi) platform and decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It aims to provide users with fast and inexpensive trading options for BSC-based tokens. Solarbeam offers features such as yield farming, staking, and cross-chain swaps.

MEXC: MEXC is a centralized cryptocurrency exchange that offers a wide range of trading options for cryptocurrencies and tokens. It provides spot trading, futures trading, margin trading, and other features. MEXC also offers a user-friendly interface, comprehensive trading tools, and various security measures.

KuCoin: KuCoin is a well-known global cryptocurrency exchange that supports a wide range of cryptocurrencies and tokens. It offers various trading options, including spot trading, futures trading, and margin trading. KuCoin provides a user-friendly interface, advanced trading features, and robust security measures.

Exchanges to Buy Calamari Network(KMA).png

How to Store Calamari Network(KMA)?

Manta Wallet is a browser extension that offers a secure and private way to manage your digital assets. It provides an interface to send and receive zkAssets, which are digital assets that can be transferred without revealing any sensitive information about the sender, recipient, or transaction. With Manta Wallet, you can protect your spending secrets and build zero-knowledge proofs, which enable you to prove the validity of a transaction without revealing any additional information. This ensures that your transactions remain private and secure. Manta Wallet also allows you to manage your digital assets in a user-friendly and intuitive way, making it an excellent choice for users looking for a secure and private digital wallet.

Manta Wallet. png

Should You Buy Calamari Network(KMA)?

Investing in Calamari Network (KMA), or any cryptocurrency, comes down to individual preferences, risk tolerance, and investment objectives.

1. Privacy-focused investors: Calamari Network is suitable for people who prioritize privacy and security. It employs the ZKP protocol, which ensures safe, private transactions on the Kusama network. Investors who value these features could consider KMA.

2. DeFi Enthusiasts: Being a DeFi stack on Kusama, Calamari Network is designed to cater to the needs of those interested in decentralized finance. If DeFi is a significant factor in your investment strategy, KMA might be of interest.

3. Long-term Holders: Investors who prefer to keep a long-term perspective might consider KMA. Like other new projects, KMA may face volatility and unpredictability in its early phase. Long-term holders often have the capacity to ride out these fluctuations.

4. Technologically Fit: Given the technical complexity and novelty of the Calamari Network, it might attract tech enthusiasts who understand or keen to grasp the workings of ZKP or the AMM protocol.

While KMA can fit into diverse investment strategies, there are a few general points every potential investor should consider:

Research: Thoroughly research about Calamari Network and Kusama. Understanding the project's goals, technical infrastructure, and tokenomics can provide a clear perspective on its potential for growth.

Risk Management: Like all cryptocurrencies, KMA is likely to exhibit significant price volatility. Make sure to employ stringent risk management practices, such as setting stop losses or only investing money you can afford to lose.

Regulation: Bear in mind that regulatory policies can influence crypto markets. Stay updated with regulations in your region and globally as they could affect KMA's market behavior.

Diversification: Diversifying your portfolio to include various types of assets could help manage risk effectively. Don't rely on a single type of investment; spreading your capital across different assets could potentially yield better results.

It's always advised to consult with a financial advisor or conduct detailed personal research before making any investment.

Conclusion

Calamari Network (KMA) is a unique offering in the crypto space, being a privacy-preserving DeFi stack built on the Kusama network. The project is notable for its use of advanced cryptographic technologies such as Zero-Knowledge Proofs, making it one of the appealing options to individuals prioritizing transaction privacy and DeFi enthusiasts.

The project's development prospects appear to be driven by the growing interests in DeFi and privacy-focused protocols. The integration with Kusama network also adds a layer of scalability and security, potentially enhancing its prospects.

Like any other cryptocurrency, the probability of appreciation and profit generation relies heavily on market dynamics, demand, project development, and broader crypto market trends. Keeping in view market volatility and various risk factors, it's crucial to highlight that while KMA might present investment opportunities, it should be approached with comprehensive research and a balanced investment strategy, considering it's still a relatively new offering with its own set of challenges. Any potential investor should not just focus on the possibility of appreciation but also consider the related risks and, ideally, seek advice from financial advisors.

FAQs

Q: What makes Calamari Network stand out in the cryptocurrency domain?

A: Calamari Network combines the privacy protocol of Zero-Knowledge Proofs with an automated market maker (AMM), enabling anonymous transactions on Kusama, which is distinctive in the crypto world.

Q: What role does Calamari Network's KMA token play in its ecosystem?

A: The native KMA token is fundamental in facilitating various functions within the Calamari Network's system, including participation in governance and staking.

Q: How does Calamari Network execute secure and anonymous transactions?

A: Calamari Network leverages Zero-Knowledge Proofs and an Automated Market Maker to convert KSM assets into a private form and enable secure, anonymous transactions.

Q: Can investing in Calamari Network (KMA) lead to profitable returns?

A: While potential exists for profitable returns due to its unique proposition and growing DeFi trends, investing in Calamari Network (KMA), like any other cryptocurrency, also comes with substantial risks and should be approached with diligent research and financial advice.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

KMA Market

User Reviews

More

15 ratings

Participate in evaluation
Tanapat Montatip
The team's track record lacks consistency and credibility. Their past performance raises doubts and concerns. There are significant red flags regarding their experience and transparency.
2024-06-13 20:44
0
Shawn 2980
The community sentiment for KMA lacks engagement and positive vibes, needing improvement in participation and developer support.
2024-03-11 15:33
0
Yee Ling
Despite similarities with other projects, KMA lacks innovation and fails to stand out in the competitive market. Limited potential for growth and differentiation.
2024-03-09 12:56
0
Joel
While KMA shows promise, it falls short when compared to other similar projects in terms of technology, practicality, team experience, and community engagement. Improvement is needed across the board to truly stand out in the crowded market.
2024-07-28 11:02
0
Oke Oce
The project stands out with its unique features and innovative solutions that set it apart from its competitors, creating a compelling edge in the market.
2024-07-08 10:06
0
Joel
The Community developer support for KMA lacks depth and consistency, leaving much to be desired. More engagement and assistance are needed to truly elevate the project.
2024-06-29 12:41
0
Bunga April
Compared to similar projects, KMA falls short in terms of innovation and community engagement. The lack of unique features and limited developer support hinder its potential for growth.
2024-06-01 19:49
0
Srisamai Kittipong
Impressive long-term potential with strong historical performance and promising market demand. Exciting opportunities for growth and development.
2024-07-05 10:14
0
Mr. Josh
Anonymity feature of KMA Technology is impressive, offering robust privacy for users. It ensures secure transactions without compromising identities, enhancing trust and reliability in the cryptocurrency space.
2024-05-28 12:48
0
Sarawut Chayaphon
The community sentiment around this cryptocurrency is overwhelmingly positive, with high engagement and strong developer support. Exciting potential for real-world applications and market demand. Exciting times ahead!
2024-03-26 19:07
0
Stan Sanara
This project stands out in the crowded market with its innovative approach and strong community support. The team's experience and transparent communication set it apart from the competition.
2024-07-14 12:39
0
TsEnALvIn
The project's innovative consensus mechanism and strong community support make it a promising player in the competitive cryptocurrency market. Its transparent team and solid track record inspire trust in its long-term potential. The practicality of its real-world applications and market demand add to its appeal, while its secure infrastructure and economic sustainability bolster its value proposition. Overall, a dynamic and engaging project with exciting growth prospects.
2024-05-17 12:30
0
fer
Incredible technology! The blockchain is revolutionary, providing unparalleled anonymity and security. The team's expertise and transparency are commendable. The tokenomics and community engagement are strong. Exciting potential for the future!
2024-04-14 11:36
0
David Chow
Innovative approach, strong community support, potential for long-term growth and competitive edge in the market. Exciting prospects for KMA!
2024-03-29 11:43
0
Lim Chih Zhen
The team behind this cryptocurrency is highly experienced, transparent, and has a strong track record, giving them a reputable image in the industry. Their tokenomics are solid, with a sustainable economic model that ensures long-term viability. The community is actively engaged, showing strong support for the project. Overall, this cryptocurrency has the potential to solve real-world problems and meet market demands, making it a promising investment option.
2024-03-25 13:41
0