MEXC Global
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MEXC Global

AMA Session with Kenny Li from Calamari Network

Guest : Kenny, Core contributor

Host: Iris

Introduction:

Iris: Today, we’re honored to have Kenny, Core contributor at Calamari Network, in our community to give us a more intuitive introduction to their unique project.

Kenny, would you like to say hello and introduce yourself?

Kenny: Hi, my name is Kenny and I’m one of the core contributors to Calamari Network. Calamari Network is the Kusama canary net of Manta Network, like how Moonriver is the canary network for Moonbeam.

I’ve been in the crypto space for a while now, since 2013. I started off doing bitcoin mining, to cover the cost of servers that I was running for my cloud computing business. Since that time, I’ve dabbled in many projects around bitcoin liquidity and advised crypto startups. In 2018, I went to pursue my MBA at MIT, which is where the cofounders of Calamari Network met. Victor was studying at Harvard for his Masters in Economics at the time, and Shumo was working at Algorand at the time.

Questions from community:

Q1

What is Clamari? Can you share with us more in detail?

Kenny: Calamari Network is the privacy-as-a-service utility for the Kusama ecosystem. Our parachain is designed to privatize any Kusama parachain asset, which can then be transacted or swapped privately. This makes us different than other privacy solutions because we are not limiting users to use a specific private token; instead, we are offering users the ability to privatize and use any parachain tokens that they want. For example, someone can privatize KSM into private-KSM, and transact the private-KSM to anyone else.

Q2

What triggers you to launch Clamari? What are Clamari’s unique selling points as compared to other similar projects in the industry?

Kenny: Well, Calamari is the Kusama canary network for Manta Network. We designed both Calamari and Manta to address the huge issue of on-chain privacy, which is a problem in the market. Our unique selling point is to allow users the ability to privatize and transact or swap any parachain asset including KSM.

Q3

What is the role of $KMA in Clamari? Would you tell us more about its tokenomics?

Kenny: Yes, $KMA is a deflationary utility token in Calamari. Its first role in our network is on-chain governance, which we have already enabled through one of our recent runtime upgrades. It also allows users to receive rebates when swapping on our network. Furthermore, $KMA token holders receive an allocation from the pool of fees collected by the network. To collect the fees, the users must burn the token, which is where the deflationary aspect comes in.

Q4

Are there any exciting news or updates with regards to Clamari Network that you would like to share with the users?

Kenny:

Yes! We are listing on MEXC and a few other exchanges this week 🙂

We won the seventh parachain auction on Kusama with a record-breaking number of participants. We received contributions from over 16,000 unique wallet addresses, signaling a strong community that believes in what we are building. Our DOT chain, Manta Network, is currently also running for a parachain slot. Anyone who holds $MANTA also receives $KMA from the lockdrop allocation on $KMA

Q5

If you were to summarize your project in ONE word, what would it be? Why?

Kenny: Fundamental.

I think privacy on the Internet is someting that people take for granted. In web 2, we don’t have any privacy. Data is owned by ISPs, or Facebook, or Google, or other web services. And the world is just now starting to recognize that, but it’s a bit too late. We can’t have the same thing happen with Web 3. Building privacy into blockchain is something that we believe is fundamental as not just a feature, but also a human right.

Free-asking Session

Q1.Can you briefly describe your PARTNERSHIP so far and upcoming partnerships?

Kenny:

Yes we are very passionate about our partnerships because we are designing Calamari as a privacy utility. What this means is that we need create strong partnerships with other projects in the Kusama ecosystem in order to maximize our privacy utility. We have already started implementing on cross-chain communication to privatize other parachains’ assets. We’ve done a testnet with Acala already, for example.

Q2.What is your strongest advantage that you think will make your team leading the market?

Kenny:

Our strongest advantage is our team. We have around 18 people right now, and 15 of them are engineers. Our culture is hacker-style, so we build and iterate very quickly. We have in-house expertise on the technology we are designing around cryptography. We are also the only project on Kusama that is building on-chain privacy.

Q3.Do you have a whitepaper? if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable?

Kenny:

Yes, our project has a whitepaper that was published as an e-print on the International Association of Cryptologic Research. You can access it here: https://eprint.iacr.org/2021/743.pdf

Yes, we are currently undergoing audits for our main net launch. It is a bit more complex than normal audits because we are building a layer one and also we need auditors with expertise in cryptography.

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Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The CEX platform is run by a team of professionals with extensive financial industries and blockchain technology experience.

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Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. Visit us at https://www.mexc.com/

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