What is Red Kite (PKF)

Start learning about what is Red Kite through guides, tokenomics, trading information, and more.
What Is PolkaFoundry (PKF)? PolkaFoundry is a platform for building DeFi dapps for the Polkadot ecosystem. It includes:
A blockchain which is built on Substrate, is EVM-compatible, and supports several UX-enabling features for dApps. The blockchain will work as a Polkadot parachain or parathread. A bunch of DeFi-friendly services for dapp builders. These include both built-in services and integration with external ones. Who is behind PolkaFoundry? PolkaFoundry was founded back in 2018 by Thi Truong, who was then a key member of Kyber Network's core team.
The PolkaFoundry team now consists of 20+ members located in several countries including Singapore, Vietnam, Japan, Canada, and India.
Advisory board includes the DuckDAO leaders; Garlam Won who is behind the marketing of Harmony, Mantra DAO, Kylin; and Lester Lim - founder of X21 Digital.
Who is backing PolkaFoundry? PolkaFoundry has completed a $1.9M Private Sale Round, backed by DuckDAO, Signum Capital, Master Ventures, AU21 Capital, BlockDream Fund, Magnus Capital, X21 Digital, Rarestone Capital, PNYX Ventrues, and several other renown ventures.
What Makes PolkaFoundry Unique? Leveraging the interoperability and scalability of the Substrate framework and the growing ecosystem of Polkadot EVM compatible, strait-forward to migrate DeFi dapps from Ethereum Come with DeFi-friendly services Built-in UX-enabling features which allow developers to build frictionless-UX so that dapps can approach normal people outside the crypto community. This is the key point for blockchain to reach mass adoption. What is the Tokenomics of PolkaFoundry (PKF) Tokens? Token Name: PolkaFoundry Token Symbol: PKF Total Supply: 200,000,000 PKF token is an Ethereum's ERC-20 token. In the future, when PolkaFoundry blockchain launches the mainnet, PKF token holders can swap ERC-20 PKF token for native PKF coin at the rate of 1 for 1.
Token Utility:
Payment for transaction fees Staking for collators to earn share of block rewards Staking to participate in the on-chain governance process and earn rewards for voting on proposals Payment for PolkaFoundry & partners' services
Tokenomics describes the economic model of Red Kite (PKF), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behavior.
Red Kite TokenomicsPro Tip: Understanding PKF's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
Building on tokenomics and past performance, price predictions for PKF aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of PKF? Check it out now!
Red Kite Price PredictionThe information on this page regarding Red Kite (PKF) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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