KTSt，What is that? It’s worthless!
Somebody in the community asked: what is KTSt? As participants of Kratos test node start-up, we seriously answer: It is a worthless!.
But when we answered “KTSt is worthless”, we felt a little afraid that we were wrong. After all, recently, there are two so-called “worthless token”, which have increased thousand or hundred times growth.
One is YFI: at the beginning of July, YFI developer Andre cronje repeatedly stressed that YFI governance token was “worthless”. As a result, YFI rose from $30 to $44000, and recently maintained at $30000, a thousand times!
The other is meme: meme was born out of a satirical tweet by Jordan Lyall, a consensys developer. Finally, driven by defi, meme rose from around ten dollars to more than 1800 dollars, a hundred times more!
YFI and meme make us a little afraid of being beaten in the face. If we say KTSt is worthless, we will be scolded by those who miss KTSt. So we should seriously collect information, sort out the relationship, and let the community judge by itself!
KTSt= or ≠ KTS ？
According to kucoin website and Kratos white paper, Kratos is kuchain’s earlier network (test network), kuchain is Kugroup’s public chain project to provide solutions for existing demand in decentralized financial field, and is also the future main network of Kucoin platform token — KCS.
Kratos is kuchain’s antecedent network (test network), and its token is KTS. The total amount of KTS is 200 million, of which 100 million are issued by Genesis, and 100% of them are distributed in the form of lockdrop through the POOL-X platform; among the remaining 100 million KTS, 60 million are distributed through the voting node mining, and 40 million are used as the development budget.
KTSt is the public beta token before the official launch of Kratos, which completely copies the KTS token logic. Therefore, KTS is the test token of Kratos, and KTSt is the test token before the formal operation of KTS. As a test token, it can be discarded at any time. From this perspective, KTSt is worthless, just is air.
But after Kratos pilot network is started by nodes, all governance is handed over to the community. Once the test network runs stably, the community can vote and decide whether to formally convert the KTSt test token into Kratos KTS. Therefore, it is possible for KTSt to be transformed into KTS, which needs to be clarified.
The difference between Kratos and Kuchain
As explained in the white paper, Kratos is kuchain’s leading network (test network). Among them, kuchain is positioned as a public chain focusing on the application of decentralized finance. It is the future main network of kucoin platform currency KCS. In the future, relevant decentralized DEX, defi and other security oriented financial assets will be deployed on the main network. Kuchain will be a more important strategic deployment of the Kucoin Exchange after the incident of hackers stealing money on September 26.
Kratos is kuchain’s Pioneer Network (test network). Sharing ideas, architecture and resources with kuchain, Kratos is a laboratory that encourages developers and demanders in the financial field to verify innovative technologies and concepts. For example, DEX, DFI, stable currency, including governance, mortgage and verification functions, will be tested in Kratos first.
Kratos, as a testing network, has no value at all. But, Polkadot’s test network Kusuma has brought a bad head to the public chain test network. The token KSM for Kusuma has gone from being worthless to a maximum of $60. At present, it is still maintained at about $35, directly 100 times , causing many people to break their thighs.
This is simply the ancient maid who became a concubine directly, because she was capable of all kinds of childbearing. Kratos’s as like as two peas and Kuchain are exactly the same in theory. In case Kratos is a very good servant, a project team has deployed on it, and it will grow into a capable son directly.
Where can I get KTSt?
For KTSt, we still think it’s worthless. It’s expensive to spend an extra cent or a cent. But at present, where KTSt comes from, we still have to make clear to community; where there is KTSt wool that can be rolled for free, we still have to tell everyone, so as not to be criticized afterwards.
At present, kucoin’s POOL-X has distributed 100 million ktsts through locking KCs. they are all on the account of users. You can withdraw them from the exchange to your wallet. At present, only AwakeWallet has completed the connection of Kratos main network. For details of account creation, token withdrawal and voting, please refer to Kratos voting guide through Awakewallet
The rest is to use KTSt to pledge Kratos public testing network nodes to obtain daily dividends. The total number of voting dividends is 60 million (total 200 million). At present, the number of voters is small and the dividend rate is high.
If users want to experience KTSt token, you can download AwakeWallet to generate KTSt token address, and enter the AwakeWallet group in telegram. https://t.me/awakewalletpro
Users who submit Kratos collection address can get gift KTSt token with different quantity from AwakeWallet. A total of 10000 tokens. Delivery is on a first come, first served basis.
install AwakeWallet through following address
AwakeWallet website: https://awakewallet.io
