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What Is Kylin?

Kylin Network will provide a decentralized data infrastructure solution, called #DeData for Web 3.0 leveraging Polkadot and Polkadot Substrate 2.0 Off-Chain Workers including Kylin Data Oracle, Kylin Data Analytics and the Kylin Data Marketplace.

KYL is the native utility token that is used for:

Staking for data miners, validators and arbitrators. All miners are required to stake KYL with a higher stake equating in a high probability of being selected to fulfill data requests.
Intermediary of Exchange. KYL will be used to pay as a transaction, query fee, and also for data access behind paywall (private APIs).
On-Chain Governance. KYL Token holders are able to vote for the protocol upgrades and parameter changes on Kylin Network.

Kylin technical architecture includes:

Kylin Data Analytics is a combination of analytic tools designed for data warehouses. It extracts meaningful data findings, patterns, interpretation, and finally implements low-cost commercialization functionalities for the public. It also provides a query engine and RESTful API for third-party applications (Dapps, Networks, etc.) or external analytics tools (BI tools, Machine Learning, etc).

Kylin Data Oracle is an advanced decentralized data feeding protocol powered by Polkadot offering multiple cost efficient real-time data sources. With complementarity to and synergy with Substrate 2.0 Off-Chain Workers (OCWs) the Kylin Oracle Network is capable of processing any type of data on- and off-chain in a validated and reliable way.

Kylin Data Marketplace is an open platform for data exchange and pricing. Dapps built on Polkadot can easily and efficiently collect both off-chain and on-chain data, while paying a very competitive fee. Kylin seeks to extend the data provisional resources across all possible data types/sources including but not limited to things like social media posts, flight information, exchange rates, weather reporting, etc.

Kylin Team Members

The 21-person team and advisor consist of technical, marketing and financial talent coming out of top blockchain projects, schools and employers including Columbia University, Wharton, John Hopkins, Beam, TomoChain, Harmony, JP Morgan, Baidu and Credit Suisse.

CEO – Dylan Dewdney
Founder and incubator of Kylin. Former Co-Founder of Harbour DAO, GTM for Beam.mw + Chief Evangelist, Head of Growth for AdEx. Longtime (since 2011/12) crypto enthusiast, miner, investor.

Interim CMO/Head of Advisory Board – Beni Issembert
15 years of proven experience as an entrepreneur and global marketer within the scientific and technology sectors. CMO for Concordium, GTM for BEAM.mw + Chief Marketing Officer, Published Author; Ph.D. John Hopkins and member of the Open Source Initiative.

Full-stack Developer – Aaron Po
7-year experience in full-stack development. Deep knowledge in building scalable systems and blockchain solutions. Stack: C#, Java, Rust, Go, Javascript, AWS, Kubernetes, Hadoop, HBase, etc.

System Architect/Substrate Developer – Andy Zhuang
Seasoned development experience in Hyperledger, Ethereum and EOS. Expert in the architecture design of DeFi and token economics. Senior Software Developer and Data Scientist in Baidu.

Strategic Investors

Kylin completed it’s Seed Fundraising in Nov 2020 and received support from nine institutional investors on capital, project advisement, technology development, future parachain slot auction, and more.

These investors are: Digital Strategies, Signum Capital, PNYX Ventures, Moonrock Capital, AU21 Capital, CMS, ZMT Capital, Rarestone and Tenzor Capital

Kylin Roadmap

Q2 – Q4 2020 – Proof of Concept, Whitepaper, Development/Marketing Launch, Seed- and Private Sale
Q1 2021 – Smart Contract Security Audit, Public Sale, TGE
Q2 2021 – Testnet, Bug Bounty, (Potential) PLO
Q3 2021 – Mainnet Launch, Partners/DApps integrations

KYL Token Metrics

KYL Token Generation Event was on March 5th 2021. The total supply consists of a maximum of 1,000,000,000 KYL. The initial circulating supply was 67,687,500 KYL.

For full metrics please follow the link: https://wiki.kylin.network/getting-started/kylin-network-token-economics