/kg/ - KILT general

[Anonymous No.55072002]

A blockchain identity protocol for issuing self-sovereign, verifiable credentials and decentralized identifiers. KILT is going to be one of the best plays of this entire market cycle; if you haven’t heard about DIDs yet then you certainly will soon.

https://www.coingecko.com/en/coins/kilt-protocol
> 40mil mcap, supply ~115mil
> only a few % inflation still to go, then fixed supply
> has all decent exchange pairs still to come
> epic year-long accumulation range on the chart
> tokenomics: 2 tokens permanently locked per DID created
> will create insane deflationary pressure given that the EXISTING clients already have a reach/base of hundreds of millions, maybe billions of people.

Deloitte loves KILT (May 2023)
> World’s largest professional services firm
> 415,000 employees, 60bn revenue, global reach
> has built a KYC/KYB platform with KILT
> https://www2.deloitte.com/ch/en/pages/press-releases/articles/deloitte-integrates-kilt-identity-blockchain-creating-new-markets-with-reusable-digital-credentials.html

Axel Springer loves KILT (April 2023)
> Europe's largest publishing house
> 15,000 employees, $3bn revenue, 40 countries
> reach of 300 million unique users
> has integrated KILT for their login tech
https://twitter.com/axelspringer_EN/status/1643223289219936257

Bitcoin Suisse loves KILT (April 2023)
> Integrated into bank-grade custodial “Vault”, in preparation for upcoming institutional applications
> https://www.bitcoinsuisse.com/news/bitcoin-suisse-integrates-kilt-vault

MeWe loves KILT (April 2023)
> Social media platform with 20m users
> All being migrated to web3 via Frequency blockchain
> Which has integrated KILT for the login tech
> https://www.coindesk.com/web3/2023/04/26/social-media-app-mewe-to-bring-frequency-blockchains-self-sovereign-identity-to-its-20m-users/

[Anonymous No.55072024]

New integrations being announced regularly this year, confirmed pipeline of big clients, and you can expect a lot of new ones coming in after seeing approval by the likes of Deloitte.

Digital IDs (DIDs) will be one of the major developments of the next couple of years, and they will allow us to reconcile regulatory demands with DeFi autonomy. Markets move on narratives and DIDs are a fresh and genuine usecase for blockchain, and unironically one of the most crucial components of the bridge between crypto/blockchain and “the real world”. Think of them like oracles but for identity - anarchyfags can seethe but blockchain takeover will never happen without some kind of KYC/AML, and the applications are endless. For just one example, consider the possibility of undercollateralised loans, e.g. mortgages, through crypto - that will never happen without some knowledge of the borrower’s credit worthiness, i.e. an aspect of their credentials. This year KILT is starting to reveal some of its truly epic client list (see OP)
Founding member of the Polkadot Alliance & Working member of
>INATBA, Blockchain for Europe, Decentralized Identity Foundation, Substrate Builders Program, Blockchain Bundesverband, and BerChain.

The first parachain ever to successfully move from KSM to DOT
> https://polkadot.network/blog/first-parachain-successfully-migrates-from-kusama-to-polkadot/

Why move? Because:
>"Now large-scale enterprises in the accounting, media and medical sectors are starting to implement business cases on KILT. These production systems will require extreme stability and bank-level security, which KILT cannot provide within the experimental Kusama network. So it’s time for KILT to move to Polkadot."
https://medium.com/kilt-protocol/kilt-moves-to-polkadot-b5d4b56f8040

Other stuff built on Kilt
>SocialKYC (credentials for email, twitter, discord, github etc etc)
>DIDsign (sign online docs)
>w3n (web3name)
>assetDID (NFT identifications cross-chain)

[Anonymous No.55072127]

why would a platform buy tokens to use this virtual plastic card setup?

[Anonymous No.55072212]

>>55072002
I like this project, gives me strong FTM in 2019 vibes: every thread gets 3-4 replies and then dies. It's unironically a good sign.

Is token needed? Any good reason to believe price goes up?
Can I get it on Metamask? Don't want to use gay exchanges

[Anonymous No.55073976]

This is exactly like Quant threads in 2019-2020 when QNT was under a dollar. I tried to tell everyone about it but threads just got fudded to hell.

I've been loading shit loads of KILT lately thanks to fud. 2 KILTs locked per DID is bullish as hell but not many understands it yet.