Building a multi-chain protocol: An interview with Kommunitas co-founder Robbie Jeo


The blockchain trilemma poses a problem for builders as they face the issue of integrating decentralization, safety, and scalability into their tasks. This might result in compromising on anybody side and thereby an incapacity to attain all three concurrently.

Kommunitas is aiming to unravel this drawback and stage the sphere by enabling builders to launch their tasks on the Kommunitas platform whereas fundraising throughout a number of blockchains. It’s offering a tier-less system that may give each consumer an opportunity to be eligible for an allocation regardless of the tokens they maintain.

The platform goals to combine the group in a healthful method by enabling them to approve tasks which are launched on the platform’s launchpad.

Speaking to Robbie Jeo, the Co-founder of Kommunitas we be taught extra concerning the Kommunitas platform, their tier-less system, $KOM token, and their roadmap.

1.  Are you able to introduce your self?

My title is Robbie Jeo, I’m the Co-Founding father of Kommunitas and at present, my function is that of a Enterprise Growth Supervisor in Kommunitas. I’m in command of all business-related facets, equivalent to however not restricted to advertising, partnership, and change itemizing.

I’m a businessman with 10+ years of expertise within the enterprise subject. Furthermore, I’ve been investing in cryptocurrency since 2017. What I can say is that cryptocurrency is rather like some other enterprise, however remains to be at its early stage. 

2. What was the imaginative and prescient behind creating the Kommunitas platform?

Kommunitas was constructed primarily based on our expertise that once we wish to get right into a Launchpad like BSCPAD and Polkastarter. We didn’t have sufficient capital to buy the minimal quantity of its native token to be eligible for allocation of the newly launched token. We have now additionally received right into a scenario the place we wished to buy a token on Coinlist however solely 10% of the queue received the possibility to buy.

There was a 4 hours ready in line, however our effort went in useless, as there have been 300,000 individuals who wished to buy the token, however solely 37,500 individuals reach buying the token. As well as, one other ache drawback that we’ve confronted was that we by no means received whitelisted on many IDOs or ICOs for a lot of tasks, and we suspected that the whitelisting mechanism has a scarcity of transparency.

Based mostly on these experiences, we thought that it could be a good suggestion to create a tier-less Launchpad. That is how Kommunitas was constructed and our imaginative and prescient is to be on prime of the thoughts of crypto merchants and traders relating to a Launchpad.

3. Might you inform us extra concerning the tier-less system that you simply make use of by way of venture fundraising initiatives?

A Tier-less system signifies that holders of KOM or traders who wish to buy newly launched tasks don’t want to carry a certain quantity of KOM token to be eligible for that particular token.

Usually, in different launchpads, traders will want a certain quantity of native token, and this tier system permits solely these with sufficient capital to buy newly launched tokens.
Kommunitas will likely be utilizing this formulation to calculate every deal with’ allocation:

A = quantity of newly launch token (let’s say $NEW)

B = complete $KOM staked.

C = $KOM quantity that you simply stake.

X = quantity of NEW token that consumer should buy

So, X = C / B A

Allow us to say

A = 1.000.000

B = 400.000.000

C = 400.000

X = 400.000 / 400.000.000 x 1.000.000

X = 1.000 $NEW 

So, that specific deal with is entitled to buy 1000 $NEW.


4. What’s the Multi-Chain System on the Kommunitas Platform?

Initially, we constructed Kommunitas and $KOM token on the Polygon chain. And inside a few months, we’ll bridge our $KOM token to different widespread blockchains like BSC and HECO.

By bridging the $KOM token to different widespread blockchains, we predict extra publicity to different blockchains. This may also present the venture that desires to launch with us to draw extra customers and allow them to raised funds with the native token of these chains.

That is what we meant by the Multi-Chain system on the Kommunitas platform.

5. Inform us extra concerning the $KOM token and its use circumstances with regard to the platform.

$KOM is the native forex for the Kommunitas platform. The overall provide of $KOM is 40 billion. Nearly 70% of $KOM tokens are locked with a third occasion locker which is DxLock and can regularly be vested till the first of September 2025.

For the proof of Lock, please go to https://docs.kommunitas.internet/tokenomics/token-distribution

The use circumstances of $KOM token are: 

  • $KOM token holders may also be capable of stake their tokens and earn an attention-grabbing yield on the Kommunitas platform and different companions’ platforms.
  • $KOM token holders can have the correct to vote for the longer term improvement of the Kommunitas platform and all of the tasks that will likely be launched on its platform.
  • By staking $KOM, customers will get assured allocation of a newly launched token, and because of its tier-less system, customers don’t must have a minimal holding of $KOM tokens for a assured allocation.

6. How is the platform making certain the protection and safety of its customers particularly with IDOs?

Safety is at all times our precedence. First, we’ve handed a full good contract audit by an organization title TechRate.

The detailed report might be downloaded at our documentation a part of our web site https://www.kommunitas.internet.
Furthermore, to make sure a excessive stage of safety, we’ve onboard Mr.Souhail Mssassi as our Safety Advisor.

Mr.Souhail Mssassi has a few years of expertise within the Good Contract Safety fields and at present works as CEO of ShellBoxes and Offensive Safety Engineer at Halborn.

7. Group engagement is an important a part of any platform. What measures are you taking to ensure to develop your group?

Sure, we imagine that we’re nothing with out our group. That’s why we title our platform “Kommunitas”. Kommunitas was impressed by the unique phrase of Group, which is from the Latin phrase Communitas, that means “the identical”. Subsequently, Kommunitas is a group, which shares the identical imaginative and prescient and aim to get a capital achieve within the cryptocurrency area.
Presently, we’ve greater than 55,000 members in our telegram group and twitter followers. We be sure that we replace each single improvement of the venture within the telegram announcement and different social media as nicely, and we might be proud that we’ve greater than 7 different talking telegram teams with caring group moderators.

For extra details about different area telegram teams, please go to: https://www.linktr.ee/kommunitas

8. So, what are the advantages or benefits for tasks that can launch on the Kommunitas platform?

Kommunitas will play as a one-stop answer for a venture that desires to launch on its platform. As we’ve our expertise in increase the Kommunitas platform from the scratch, we may also assist different tasks from the scratch. 

  • Kommunitas will assist the venture by way of a advertising marketing campaign, from social media influencers to information and media protection.
  • Kommunitas may also assist the venture to get audited for its good contract
  • Kommunitas may also present a grant for the venture if it’s deemed doable
  • And after elevating some funds, Kommunitas will assist the venture by way of itemizing on a number of Centralized Exchanges and Decentralized Exchanges

9. Do you’ve got a Coin Burn / BuyBack system or a Token Burn plan to extend Token worth & appeal to Buyers to speculate?

Sure, we’ve plans to implement the Purchase-Again or Burning technique for $KOM tokens. We aren’t in opposition to the Burn mechanism, however we expect that it’s inappropriate to implement the burn mechanism simply a number of days after the Genesis / token minting like a number of token tasks on the market.

We’ll first be amassing transaction charges within the swapping or bridging features, then from these charges, we’ll purchase again some $KOM tokens and burn them.

10. What lies forward on the Kommunitas roadmap by way of updates and developments for this 12 months? And the way can we get up-to-date details about Kommunitas?

Within the close to future, Kommunitas plans to allow the staking perform on its platform. On the time of this interview, the staking good contract of Kommunitas is being audited by ShellBox earlier than we are able to deploy it on Polygon Mainnet.

We’re additionally in talks with a number of different Polygon tasks, like UniLend, Polarisdefi, UniFarm, and PlotX. We imagine by collaborating, we’ll profit one another and get extra publicity from their group.

After launching the Launchpad on Polygon Chain, we may also be bridging our token to different blockchains like Binance Good Chain and HECO chain. 

To get the newest and updated details about Kommunitas, please go to our web site www.kommunitas.internet and likewise learn at our documentation https://docs.kommunitas.internet 

Don’t forget to hitch our telegram at https://t.me/kommunitas and observe us on Twitter https://twitter.com/kommunitas1

Disclaimer: It is a paid put up and shouldn’t be handled as information/recommendation. 





Source link

By Xnode24

Leave a Reply

Your email address will not be published. Required fields are marked *