Kintsugi

KINT Price

What is Kintsugi about?

Kintsugi is Interlay’s canary network, an experiment with real economic value deployed on Kusama. It shares the same code base as Interlay but focuses strictly on innovation, always ahead in terms of features. Kintsugi's flagship product is kBTC, a 1:1 Bitcoin-backed asset on Kusama, resembling a hybrid of an algorithmic stablecoin pegged to and redeemable for Bitcoin. The network is secured by multi-collateral insurance, where Vaults lock collateral in various digital assets. If Vaults misbehave, their collateral is slashed, and users are reimbursed. Anyone can become a Vault, making the system trustless and decentralized.

What makes Kintsugi unique?

Kintsugi’s uniqueness lies in its trustless and decentralized approach. kBTC is secured by a multi-collateral insurance system, where Vaults lock collateral on the kBTC parachain. This system ensures that users can always redeem kBTC for BTC or be reimbursed in the collateral currency at a beneficial rate. Additionally, Kintsugi's open nature allows anyone to become a Vault, enhancing security and decentralization. The network's focus on innovation and its position as a canary network for Interlay further set it apart.

What's the history of Kintsugi?

Kintsugi was created by Alexei Zamyatin and Dominik Harz, who founded Interlay to bring their research into practice. The first steps towards Interlay and Kintsugi were made with the XCLAIM paper presented at Scaling Bitcoin in 2018, describing a protocol to move cryptocurrencies like Bitcoin to Ethereum in a trustless manner. Kintsugi launched on October 13th, 2021, as a canary network for Interlay, focusing on innovation and ahead in features.

What's next for Kintsugi?

As a canary network, Kintsugi will continue to experiment and innovate ahead of Interlay. The network may extend its collateral options to stablecoins or token-sets to improve stability. With a focus on trustless and decentralized solutions, Kintsugi aims to enhance its features and security mechanisms, ensuring the robustness of kBTC and the overall network.

What can Kintsugi be used for?

Kintsugi's primary use case is through its flagship product, kBTC, which allows users to hold a 1:1 Bitcoin-backed asset on Kusama. This asset can be used for various purposes, including DeFi applications, transactions, and as a trustless and decentralized alternative to traditional stablecoins. The network's utility token, KINT, is used for governance votes, transaction fees, and other network operations, further enhancing the ecosystem's functionality and user engagement.

Where can you buy Kintsugi?

KINT tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Kintsugi is Gate.io, where the most active trading pair KINT/USDT has a trading volume of $11,989.37 in the last 24 hours. Other popular options include Kraken and Bit2Me.

What is the daily trading volume of Kintsugi (KINT)?

The trading volume of Kintsugi (KINT) is $14,289.81 in the last 24 hours, representing a 84.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Kintsugi (KINT)?

Kintsugi (KINT) reached an all-time high of BTC0.001542 and an all-time low of BTC0.0₅2535. It’s now trading -99.70% below that peak and 15.40% above its lowest price.

What is the market cap of Kintsugi (KINT)?

Market capitalization of Kintsugi (KINT) is BTC8.3180 and is ranked #3773 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of KINT tokens (3.2 Million tokens are tradable on the market today).

What is the fully diluted valuation of Kintsugi (KINT)?

The fully diluted valuation (FDV) of Kintsugi (KINT) is BTC26.0935. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Million KINT tokens are in circulation today. Depending on how the emission schedule of KINT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Kintsugi compare against its peers?

With a price decline of -16.90% in the last 7 days, Kintsugi (KINT) is underperforming the global cryptocurrency market which is down -3.80%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -4.50%.