KILT Protocol is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of KILT Protocol are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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KILT Protocol Review
About KILT Protocol
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review KILT Protocol token by explaining what the coin is about, tokenomics, roadmap, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is KILT Protocol?
KILT is a decentralized blockchain identity protocol for issuing verifiable, revocable, and anonymous claims-based credentials in [ Web 3.0] (https://coinmarketcap.com/alexandria/article/what-is-web-3-0).
KILT’s mission is to return control over personal data to its owner, restoring privacy to the individual and enabling innovative business models around identity and credentials. KILT aims to achieve this by combining real-world trust with the benefits of blockchain technology. Developers can use KILT to create identifiers for people, machines, services and anything that identities can be built on.
KILT is built on Parity Substrate, and launched mainnet as a Kusama parachain in September 2021. Substrate offers seamless integration opportunities with Kusama and Polkadot projects like gaming, NFTs, DeFi and DEXs; KILT is also implementing enterprise partnerships in the energy, health care and banking sectors.
What KILT Protocol Offers
For consumers: KILT provides a way to represent your identity without revealing things you prefer to keep private. It brings the old process of trust in real-world verifiable credentials (passport, driving licence, certificate, etc.) to the digital world, while keeping your data private and in your possession. Users have the option to store information and can choose what information they want to disclose and to whom.
For developers: KILT has an open-source JavaScript Software Development Kit (SDK) that does not require blockchain development experience to use. Developers can quickly spin up applications for issuing, holding and verifying credentials in order to create businesses around identity and privacy.
Who are the Founders of KILT Protocol?
KILT Protocol was founded in 2018 by Ingo Rübe, CEO of BOTLabs GmbH, together with Hubert Burda Media, where he served as CTO from 2012 to 2017. Earlier Ingo worked as project director for the German publisher Axel Springer SE from 2006 to 2012. Ingo served on the board of directors of the Drupal Association from 2017-2020, and BOTLabs is a founding member of the International Association for Trusted Blockchain Applications (INATBA).
KILT Protocol Supply
There are 49,420,140.00 KILT in supply worldwide.
Pros and Cons of KILT Protocol
Pros of KILT Protocol
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – KILT Protocol
Cons of KILT Protocol
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is KILT Protocol Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, KILT Protocol have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is KILT Protocol Safe?
Being willing to invest in any token is a question entirely up to you to answer. KILT Protocol token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about KILT Protocol on the comment section below. Don’t forget to rate and leave KILT Protocol a review.
