Kusama-Based Privacy Protocols — Calamari Network
Intense Parachain Auction
Kusama is Polkadot’s pioneering network, and the launch of its first round of parachain slot auctions marks an important milestone in achieving scalability, decentralization, and interoperability. Its unique crowd-lending mechanism has brought new vitality to the currency circle. Different from the ICO in 2017, the users participating in the crowdfunding only rented their KSM tokens to the project party, and the project team gave the collected KSM to Kusuma’s relay chain for safekeeping in exchange for being able to be on the parachain. Operating card slot. The running time of the parachain card slot is 48 weeks, after which it needs to be re-auctioned. At that time, all KSMs will be unlocked and users can retrieve them freely.
In previous ICOs on other chains, usually all contributed tokens were collected in a premature state and their ownership was completely transferred to the founding team. This often led to an almost immediate halt in work, stalled development and huge losses for backers. In contrast, crowdfunding is a trust-free and decentralized device that enables communities to vouch for their favorite projects, while ownership of the tokens remains with the contributors and is tied to a trusted relay chain.
The Kusama network slot auction marks an exciting time for the entire Polkadot ecosystem and blockchain. With the emergence of parachains, a big step is being taken towards a future that is scalable, decentralized, and interoperable. The first five projects already got slots are Karura, Moonriver, Shiden, Khala and Bifrost.
The first round of Kusama auctions started on June 15 and ended on July 20. In total, 18 projects participated in the crowdfunding and received contributions from 19,017 unique accounts during the campaign, for a total of 13,204,458 KSM. 111,629 of these KSM have been locked in slots, representing 9.9% of their market liquidity. This is proof of the popularity of crowdfunding.
What is Calamari Network？
Kusama’s second round of parachain auctions has ended. Among them, Calamari Network won Kusama’s 7th parachain slot auction with 218,247 KSM lock-up votes, and successfully connected to the Kusama network to become its parachain block. Calamari has more than 16,000 contributors to the crowdloan, which is the largest number of community contributors among all Kusama parachain auction projects.
Calamari Network, as the community-based pioneer network of Manta Network, is a plug-and-play privacy protection parachain on Kusama, which aims to provide privacy services for the entire Kusama DeFi network. Calamari Network is built on Kusama as a parachain to ensure cross-chain interoperability, which is based on zkSNARK (zero-knowledge proof technology) to ensure privacy.
Calamari Network’s native token symbol is KMA, and according to the crowdfunding reward mechanism announced on its website, the first batch of tokens will be released 34% immediately, and the remaining 66% tokens will be released in equal amounts of 11% every 8 weeks, with the release completed after 48 weeks. The release ratio of KMA to KSM is 1KSM:10000KMA.
Technical Implementation of Calamari Network
The technical basis for Calamari’s implementation of private transactions is zkSNARK — Zero Knowledge Proof technology, which is a cryptographic technique for privacy protection that has received much attention in recent years. The most well-known anonymous coin in cryptocurrency using zkSNARK technology is ZCash (ZEC).
Ali Baba’s zero-knowledge proof is a very good example of a generalized understanding of zero-knowledge proof. Ali Baba was caught by robbers, in order to save his life, he needs to prove to the robbers that he has the password to open the stone door, but at the same time can not tell the robbers the password. He came up with a solution, first let the bandit leave himself an arrow away, far enough so that the bandit could not hear the password, and close enough so that Ali Baba could not escape under the bandit’s bow and arrow. Ali Baba was at this distance to show the robbers the stone door open and close.
This whole process is zero-knowledge proof, where the prover is able to convince the verifier that an assertion (that Alibaba knows the way to open the stone door) is correct without providing the verifier with any useful information (the password of the stone door).
Zero-knowledge proof (zkSNARK) is an acronym for zero-knowledge Succinct Non-interactive Arguments of Knowledge. It consists of four parts: transformation of polynomial problems, random selection verification, homomorphic hiding, and zero-knowledge. Without going into the specific mathematical derivation process, it simply means that the problem requiring zero-knowledge proof is first transformed into a specific NP problem (Non-Deterministic Polynomial Problem), random numbers are selected, parameters are set, and the CRS (Common Reference String ). The prover, with the evidence sought, computes the evidence by the CRS. The verifier can then verify without additional knowledge.
Calamari Network substitutes zero-knowledge proof into the Kusama parachain, making private transactions possible. Combined with the zero-knowledge proof technology, the public address and the hidden address can transfer money to each other, and at the same time, it can also realize the completely hidden transfer of the sending address and the receiving address. Brings similar privacy protection functions to the entire Kusama ecosystem.
Calamari Network’s Product Planning
Calamari Network’s two main upcoming core products are MariPay, a privacy payment product, and MariSwap, a decentralized trading platform based on a privacy protocol.
MariPay: Privacy payment products. MariPay supports the privacy payment of Kusama and its parachain assets. Users can trade popular assets such as stablecoins and WBTC, and at the same time obtain the benefits of private transactions on the chain through ZKP.
MariSwap：A decentralized trading platform based on privacy protocols. MariSwap can provide users with the function of trading between parachain assets with private addresses. In addition, it has also introduced a series of privacy protection-related innovative functions including privacy liquidity pools.
Calamari will be the only platform on Kusama that meets users’ on-chain privacy needs, promotes anti-surveillance, and ensures decentralization and interoperability of private tokens.
Manta has tested XCM with Acala/Karura and is currently doing the same thing with Astar. The next focus will be on Moonbeam/Moonriver and Interlay testing, because these two parachains will bring assets on Ethereum and Bitcoin enters the Kusama world, and what Calamari has to do is to keep these assets private.
Calamari Network Token Model
The initial total supply of KMA is 10 billion, and will not be issued until the reserve tokens used for the parachain slot auction are exhausted. The distribution method of KMA is community-oriented and will be distributed to early participants in a fair distribution manner, and the team will not reserve tokens. As a reward for supporters who help Calamari Network bid for Kusama Parachain slots, 30% of the total supply of project tokens will be allocated to supporters who participate in crowdfunding.
Except that 30% of the tokens will be used for parachain slot auction incentives, the remaining 70% of the token supply is specifically allocated as follows: 10% is used for parachain slot auction reserves, 20% is reserved for liquid mining incentives, and 5% For marketing, 15% is reserved for development funds, and the remaining 20% is used for lock-up airdrops.
Calamari Network Road Map
The Calamari Network project token, KMA, is now live and the community on-chain governance module has been enabled.
After Calamari Network has successfully obtained the Kusama parachain slot, the project token KMA will be released, and the governance module on the community chain will be gradually released and built. After the governance on the chain is online, KMA will start transfers.
Then, in the Calamari V1 version, the project will focus on the normal operation of functions and product modules, Including Calamari Web front-end publishing, and the private payment product MariPay supporting KSM’s private transactions. After the V1 version runs smoothly, the Calamari V2 version will be launched, and MariSwap, a decentralized trading platform based on the privacy protocol, will be released. This will be the “Uniswap” in the privacy field. By the stage of V3, both Calamari and Manta will become smart contract platforms, and more Web2 products will be substituted into the privacy era of Web3. Even developers without a cryptography background can develop quality on-chain privacy products through Calamari’s contracts.
In the near future, Calamari’s first product, MariPay, will be available for users to experience the beta network, and will be officially launched on Calamari after a period of operation.
Calamari Network Token Initial Launch Information
According to the official information, Calamari Network token KMA will be launched on five trading platforms — Huobi, KuCoin, MEXC, Bybit and Gate.io — at 10:00 UTC on November 29. Among them, KMA is also the first Kusama parallel chain native project launched by Huobi and Bybit.
Conclusion
As Kusama’s third batch of parachain slot auctions are about to begin, the first parachain slot auction on the Polkadot mainnet was started on November 11. With the start of the Polkadot parachain slot auction, Polkadot and its ecological projects will definitely attract high attention from the market, and the project that wins the Kusama parachain slot also means the advantage of having the dual certification of ecology and community as well as market recognition.
Calamari Network’s crowdfunding data and community support during the Kusama Parachain Slot Auction undoubtedly shows that both Calamari and Manta are strong enough to occupy a place in the ecological dividend window of the Polkadot Parachain Slot Auction. Calamari can also bring enough privacy protection to the whole Kusama ecosystem, which is worth waiting for.
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