Dev Updates: Zero Gas Blockchain and More!
Below is the sum of two weeks of updates from our development team. Our blockchain, gas-slashing Ethereum swap, NFTs, and our blockchain services.
Kaiba Lightning Chain (KLC)
Our zero gas revolutionary blockchain!
Testnet
Public testnet is now live. Zero gas, 11 nodes running excellently, and a 6–8 second confirmation time.
Smart contracts can be freely deployed in the testnet environment by the public also.
$KAIBA token holders have already been airdropped tokens on the testnet blockchain.
Node Tests
We’ve performed numerous tests on the nodes powering KLC at varying power levels. All results have been positive and affirm the strength of the nodes and network. These tests provide important data demonstrating the strength of infrastructure and stability.
Contracts
The contract defining KLC DAO (decentralized autonomous organisation) is fully functional. This will be the foundation of the blockchain governance and will be responsible for the submission and receival of rewards to node validators.
KaibEx has been deployed. As KLC mainnet is rolled out users will be able to switch between chains at the click of a button and access other features such as bridging and cross-chain compatibility.
Our rewards token wFang has been deployed. This is to enable us to simulate the staking environment for testing.
A list of deployed contracts can be found here.
Useful KLC Links
KaibEx
Significant gas savings for any Ethereum token!
Alpha Version
Our decentralized exchange and staking platform has been updated to the Alpha stage of development, and we will soon be ready to go live.
KaibEx alpha has numerous updates, optimizations, and a new user interface. We will publish an article with full details shortly.
We will also be adding KLC to the swap, allowing users to easily switch between blockchains with one click (two clicks initially if they need to add KLC settings).
Market Orders
As specified before the contract for market orders, such as stop losses and buy/sell orders, is complete. The mechanisms are being designed and should be finished shortly. Once the alpha build of KaibEx is deployed we will see the market order functions added.
NFTs
The gas revolution will soon include NFTs!
Marketplace
Our platform, codename OpenForest, is a classic NFT marketplace, compatible with both Ethereum and KLC. Users are able to mint at will and directly on the marketplace. Our NFT contracts are ERC721E, a modification to ERC721A by Chiru Labs (Github, January 2022). This means we can deliver significant the gas savings designed by Kaiba DeFi, whilst adding an addition of high-level on-chain metadata, removing the need for IPFS and thus allowing NFTs to be fully on-chain.
Ethereum Minting
We’ve reduced gas significantly, the more NFTs minted per transaction the more cost-effective the gas is. For example, a single mint on our Ethereum platform is 0.07 ETH in gas, 10 mints are 0.08 ETH (+0.01 ETH increase to receive 9 more units), 100 mints are 0.12 (+0.05 ETH increase to receive 99 more units). These prices do not include additional charges decided by the seller or contract creator.
KLC Minting
Zero gas. NFTs will only cost what the seller decides to charge.
Cross-Chain Integration
All NFTs are Ethereum mainnet compatible (ERC721) when minted on KLC, as well as being visible on the popular OpenSea platform.
KaibaLabs
Providing gas-efficient and next-gen smart contracts on Ethereum!
Overview
KaibaLabs is our method of bringing the gas revolution to other projects and companies on Ethereum via forks of our smart contract. Tokens using a Kaiba smart contracts are significantly optimized, secure, and gas-efficient. Our smart contracts, as many $KAIBA traders know, save between 40–60% on Ethereum gas fees, as well as a vast array of other perks. KaibaLabs is also a method of Kaiba being able to initiate buybacks of our token, as well as fund operations, and promote our innovative tech to much wider audiences.
Clients
The market downturn of recent weeks has meant delays from clients and a slower will to launch new tokens. Despite this we have our first customers who are ready to deploy a Kaiba gas-optimized contract soon. Once this begins we will officially launch KaibaLabs as a sub-division of Kaiba DeFi.
Services
- Gas-optimized Token and NFT Contracts
- Staking (including token creation)
- GameFi and Backend Systems
- Auditing
- Tech Support
Tech Updates and Additions
We’ve recently further optimized our smart contracts (NFT & tokens), and we have also built sophisticated GameFi and backend modules as well as adding to existing one. We’ll publish a report soon detailing the changes.
Documentation and Publications
We’re in the process of making some user-friendly documents for distribution, such as an updated whitepaper and one-pager, a KLC-specific whitepaper (long form and abridged).
We’re also making documents detailing tech developments, designed for both tech minded individuals and regular retail investors.
You can get in touch with the team at any time by contacting us via email: team@kaibadefi.com.
Alternatively, you can reach out to any of the team via our social media channels.
Other useful links:
Website / KaibEx / Whitepaper / DexTools
