Boundless, which raised $54 million, chose Kaito for its token sale, sparking controversy.Recommended Articles

Tác giả | Asher ( @Asher_0210 )

Yesterday, Boundless, which has raised $54 million, officially announced its token economics model, allocating 6% of its tokens to community sales and airdrops. Furthermore, it recently announced that the community token sale will begin on August 25th on the Kaito Capital Launchpad. Community members who participated in the mainnet beta and achieved Bronze, Silver, Gold, or Diamond tiers will be eligible for priority allocations. Specific sale details will be announced by Kaito.

Next, Odaily Planet Daily will take you to an in-depth understanding of Boundless, which is highly anticipated by “money-grabbing parties”, including project introduction, token model, community sales, etc.

giới thiệu dự án

Boundless can be bất chấpned as “Ethereum’s native modular execution layer,” a positioning that implies a paradigm shift in blockchain architecture. Just as cloud computing decomposes data centers into distinct layers, Boundless is breaking down ZK proofs into pluggable components:

• ZK mining market: borrows the competitive mechanism of Bitcoin PoW, but replaces hash collisions with proof generation to eliminate energy waste;
• Validation as a Service: Just like AWS Lambda, it abstracts server management, eliminating the need for developers to build their own validation nodes.
• Cross-chain execution layer: Similar to the HTTP protocol that unifies Internet communications, Boundless becomes a ZK coprocessor shared by multiple chains.

Currently, more than 30 teams plan to build and deploy applications on Boundless.

Regarding financing, Boundless is a project under RISC Zero, which has raised US$54 million so far.

On July 16, Boundless announced the launch of the mainnet Beta version on the X platform. Completing tasks will earn you a place on the Boundless token sale whitelist and additional token rewards. The tasks are divided into four levels: bronze, silver, gold, and diamond.

Mã thông báo economic model: 6% allocated for community sales and airdrops, 100% unlocked during TGE

According to official documents, Boundless is about to launch its native token ZKC, with an initial total supply of 1 billion, specifically allocated as follows:

• Ecosystem Growth: 49% of the total supply. 31% of this will be held by the Boundless Foundation as an Ecosystem Fund. 25% of this will be locked for one year, and the remaining 75% will be unlocked in equal monthly installments over the next 24 months, until the end of the third year.
• Strategic Growth Fund: 18% of the total supply, used for enterprise integration, business development, and institutional-level attestation access. This portion of tokens will be gradually unlocked over 12 months.
• Core Team and Early Contributors: 23.5% of the total supply. 20% of the tokens are allocated to the core development team and early contributors who brought Boundless from concept to mainnet. Another 3.5% goes to RISC Zero, the company that initially incubated Boundless. This portion of tokens will be unlocked using the same rules as the Ecosystem Fund.
• Community Token Sale and Airdrop: 6% of the total supply, rewarding early contributors including provers and Kaito Yappers. 50% of the community sale tokens will be unlocked at the TGE, with the remaining 50% unlocked six months later. Airdrop tokens will be 100% unlocked at the TGE .
• Investors: 21.5% of the total supply, 25% will be locked for 1 year, and the remaining 75% will be unlocked in equal monthly installments over the next 24 months until the end of the third year.

ZKC Token Model

In addition, after the TGE, the token inflation rate will be 7% in the first year. Thereafter, the annual inflation rate will gradually decrease to 3% in the eighth year, and will remain at 3% thereafter.

Based on feedback from multiple community members, the specific distribution of 6% of the total community sales and airdrops is as follows:

• Kaito list: 0.25%;
• S1 Incentive Provers: 0.5%;
• The remaining 5.25% will be used for token sales, S2 incentives for attesters, testnet/mainnet attesters, Discord roles, and community participation (the specific distribution ratio of this 5.25% is currently unknown).

The community token sale will start on August 25th on the Kaito Capital Launchpad

Currently, the four-level tasks of Boundless Mainnet Beta (Bronze, Silver, Gold, and Diamond) have ended. Friends who have participated in the interaction before can check the account ranking and other information (link: https://signal.beboundless.xyz/story ).

Mainnet Beta version Diamond address diagram

Since the community token sale will start on August 25 on the Kaito Capital Launchpad, eligible partners need to verify their identity on the Kaito platform.

You need to bind X account + KYC verification, and those who have multiple accounts are at a loss.

After Boundless announced its token model yesterday, some investors, though somewhat critical of the relatively low percentage of tokens in the airdrop, remained highly anticipatory about the launch of such a highly funded and highly anticipated project. However, today, after Boundless announced its token sale on the Kaito platform, the community reaction was markedly negative.

There are two main reasons for this. First, the Kaito platform requires users to bind their addresses to an account, which creates significant problems for those who hold dozens or even hundreds of gold or diamond-level accounts. Second, accounts participating in Kaito’s token sale require KYC verification, but KYC verification is not yet supported in many countries and regions, and Chinese KYC identities cannot be used. This has left many community members who had originally hoped to participate disappointed and dissatisfied.

As for the specific details of the token sale, we can only wait for further announcement from Kaito officials.

Bài viết này được lấy từ internet: Boundless, which raised $54 million, chose Kaito for its token sale, sparking controversy.Recommended Articles

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