In this article will delve into the world of Kaia: its underlying technology, the user-friendly Kaia Portal, and the incentives designed to encourage user participation and ecosystem growth within the Kaia chain.
Introduction
Kaia is a highly optimized BFT-based public blockchain designed to meet enterprise-grade reliability and performance standards. It powers Asia's on-chain future and was formed through the merger of the Klaytn and Finschia blockchains, which were initially developed by Kakao and LINE, respectively. Kaia brings Web3 to the fingertips of hundreds of millions across Asia.
What is a BFT-based public blockchain
This is a blockchain that utilizes Byzantine Fault Tolerance (BFT). This ensures consensus can be reached even if some nodes fail or act maliciously. The system relies on algorithms designed to handle up to ⅓ of nodes behaving incorrectly or dishonestly, without compromising the integrity of the network.
Kaia blockchain offers:
- 1-second block generation and confirmation time.
- Processing capability of 4,000 transactions per second.
- Low gas price, approximately 1/10 of Ethereum.
- EVM (Ethereum Virtual Machine) compatibility, supporting Solidity contracts.
- Governance by reputable corporations worldwide forming Kaia Governance Council.
Kaia blockchain aims to:
- Achieve immediate finality for transactions.
- Provide high transaction processing speed for real-world use cases.
- Lower the cost of running blockchain applications.
- Reduce barriers to entry for end-users.
- Facilitate easy technology adoption for various industries.
Let's dive into the Kaia Portal and discover its exciting features
Kaia Portal
At Kaia, the top priority is delivering seamless Web3 user experiences, ranging from DeFi to on-chain gaming and NFTs. User experience is strongly believed to be essential for making the benefits of Web3 available to everyone, not just those well-versed in crypto. In addition to developing a fast and highly usable Layer 1 blockchain, Kaia has pioneered a messenger wallet that eliminates the need for key management.
Kaia Portal's user-friendly interface on desktop, mobile, and, soon, within LINE Messenger allows you to swap, bridge, stake, and on-ramp easily. In addition to common DeFi functions, a points-based rewards system will soon be added, where old and new users will be rewarded for participating in Missions across the Kaia DeFi and broader ecosystem.
In Epoch 1 of Kaia Portal’s Missions, attractive token reward opportunities were distributed by utilizing Kaia their DeFi partners.
In the subsequent Epoch 2, users who participate in missions involving the Kaia Wave program will receive attractive rewards.
We still have other ways Kaia incentivises their users, including builders, developers and partners, making the ecosystem the place to be.
Kaia Portal Mission Epoch #1 Incentive Design
Although the Epoch #1 missions were concluded on December 25, 2024, at 3:00 PM (UTC+9), we want to have an overview of what occurred and what to look forward to in Epoch #1. It was designed to boost liquidity and user engagement within the Kaia ecosystem. Allocating up to 50 million KAIA tokens, alongside participating projects which were also be allocating their tokens. After being successfully completed, participants earned points that can be converted into vested KAIA tokens and project tokens once the Epoch ends.
In Epoch 1, the missions revolved around providing liquidity to Kaia DeFi protocols, and the rewards were:
- Kaia points
- Points from participating projects
- D2I program rewards
- Yield from DeFi protocols
The goal was to have new applications and DeFi use cases built on Kaia expand the range of available assets and support increased volume, resulting in higher fees for liquidity providers and boosting ecosystem trading activity. This was aimed at creating a flywheel effect, where increased activity and liquidity enhance the overall ecosystem.
Maximum Transparency
While many point systems are opaque about their reward calculations, Kaia Portal Missions are designed to be maximally transparent, in everything from campaign duration to point calculation formulas as Kaia users deserve nothing less.
Campaign Duration
The missions officially began on September 26th and went on for the following three months. During this period, additional airdrop opportunities, new participating projects, and asset boosts were introduced with each Epoch.
Early Adopters
For participants in the missions between August 29th and September 26th, even with a deposit of just $1 into any DeFi protocol listed in the Mission tab, the corresponding wallet qualified for the Early Adopter boost which added a 1.2x bonus multiplier to all points earned thereafter.
Rewards
Kaia Rewards
Up to 20 million, KAIA was awarded to general participants based on milestones. Wallets that participated in the FGP-23 voting in the existing Finschia ecosystem received up to 30 million KAIA. This reward pool is separate from the general participants’ pool and is exclusively for wallets that voted in FGP-23. Users with long-term on-chain contributions in the Finschia ecosystem receive a weighted reward of 10 million KAIA by participating in the Kaia Portal Missions, based on their contributions.
- 25M KAIA (10M for general participants / 15M for FGP-23 participants) allocated for the points airdrop
- 12.5M KAIA (5M additional KAIA for general participants / 7.5M KAIA for FGP-23 participants) unlocked at $100M TVL
- 12.5M KAIA (5M additional KAIA for general participants / 7.5M KAIA for FGP-23 participants) unlocked at $150M TVL
The pool for FGP-23 participants does not overlap with the general participant pool.
Vesting
Tokens converted at the end of the campaign were distributed over six months. When the campaign ends and a user claims point conversion the Kaia Tokens will have a 6-month vesting period.
Partner Project Rewards
All participants are going to receive points from each partner in their respective Portal Mission. The criteria for points provision vary by partner, and details will be updated soon. Participating projects in Kaia Portal Missions are required to have been audited by professional auditors and verified protocols, to guarantee safe participation with confidence.
Reward Distribution
The rewards for Epoch #1 are distributed over six instalments from January 7 to June 7, with payments made on the 7th of each month. The distribution breakdown is as follows:
Instalments 1–4: 15% each
Installments 5–6: 20% each
Participants can claim their rewards anytime, with the final claim period ending on June 30, 2025. For those who find monthly claims inconvenient, they can claim all rewards in one go after the sixth instalments have been distributed.
For existing FNSA long-term stakers, the 10 million KAIA allocated under the “KAIA On-chain Contributor Rewards Guidelines” will be combined with the point rewards for distribution.
The portal also lets us do the following: sending KAIA from Binance to your wallet, bridging from another chain to Kaia, depositing into a DeFi Pool and earning points (Point Farming Tip: FNSA > KAIA Swap), – let's take a look at the first two with reference to the other so we don't have information overload.
Let's begin by discussing about bridging and I will show you how you can bridge from another chain to Kaia
Bridging
Bridging refers to the process of transferring assets like cryptocurrencies or NFTs and data between different blockchain networks. Think of it like this: imagine you have money in a bank account in one country and want to use it in another. Bridging is like a secure and efficient way to transfer that money across borders.
Let's see how it's done using a Kaia Portal example, go to this link to access the portal 👉🏿 here
We start with checking which DEX Pool you want to provide liquidity for in Mission, For instance, if you want to provide liquidity to the Stargate Pool on Capybara DEX, you need to bring in assets based on the Stargate bridge
- We’ll bring in USDT (Stargate) assets from Ethereum.
Note that: Conversely, if you want to bring assets like USDT (portal from ETH) for the Stable Pool, you will need to use the Wormhole bridge to bring USDT from Ethereum.
- Go to the “Bridge” tab and select the Stargate bridge.
- On the Stargate bridge webpage, connect your wallet and select the chain from which you want to bring USDT ensure it's Ethereum
- You select Kaia as the receiving chain.
- Click
Transfer, then approve the transaction in your wallet to allow USDT to be used on Stargate. After that, the transfer from Ethereum to Kaia will proceed.
- You can always check the transfer status on LayerZero Scan.👉🏿 here
- If you don’t see the USDT (Stargate) listed in your wallet, click “Import Token” and register the USDT (Stargate) token address You can find the token addresses via the provided link 👉🏿 here
Ensure that USDT is properly registered in your wallet.
The Portal bridge functions similarly to the above steps, and you can send tokens from other chains to Kaia through this link 👉🏿 here
With the bridging process complete, let's now explore other portal features. This will include a demonstration of swapping assets and how to send KAIA from Binance to your wallet.
Swapping
Swapping refers to the process of exchanging one cryptocurrency for another. It primarily occurs on decentralized exchanges. These platforms operate without intermediaries, allowing users to directly trade cryptocurrencies with each other.
Let's see how we can swap from FNSA to Kaia
The FNSA -> KAIA tab within the Portal facilitates the seamless conversion of FNSA tokens to KAIA tokens, with the conversion process typically taking over 30 minutes to ensure maximum security. You can conveniently monitor the conversion status in real time through the 'History' tab.
For those who claimed rewards, the 40 million KAIA reward for FGP-23 voters was distributed on September 12th. It is important to note that you must link the KAIA wallet that you intend to use for the points mission. Once linked, this process cannot be undone, so we highly recommend that you link the KAIA wallet you plan to use going forward. It is necessary to understand how this works for Epoch 2
The Claim page, as shown in the image below, will become available, allowing you to claim your rewards with your previously linked KAIA wallet.
Sending KAIA from Binance to your wallet
Binance as we know it is a global exchange, once you have a Binance wallet there's no need to register a new wallet to withdraw KAIA to a personal wallet. Something to note is you can withdraw to wallets such as Kaia Wallet, Klip, and even Metamask.
The next couple of steps will guide you on how to withdraw
- Start by accessing the Binance app and selecting the
Assetstab at the bottom. In theSpotsection choose Kaia or Search Kaia
- Click the
Withdrawbutton then select theSend via Crypto Networkas the withdrawal option
- In the
Address field, paste the KAIA address of your personal wallet (Kaia Wallet, Metamask, etc.). After setting the withdrawal amount, click the “Withdraw” button and then click “Confirm” to complete the withdrawal request.
Withdrawals may take up to 30 minutes depending on the exchange’s review process. If the withdrawal is not processed smoothly, please contact the exchange’s customer support for assistance.
We have seen a way to send KAIA from Binance to your personal wallet, what If we want to bridge from one chain to Kaia
You can also deposit into a DeFi Pool and earn points in the following ways
We can also explore interesting ways to be part of the Kaia ecosystem through Grants and Bounties
Grants and Bounties
You can build projects that drive the adoption and advancement of Kaia. You can begin using the Guidelines below
- Identify the potential of your projects
- Prepare a detailed proposal
- Submit your project
- Engage with the community
Types of Grant
The KEF is dedicated to fostering Kaia ecosystem services and developer communities. All proposals aiming to draw from the KEF will require approval from the Kaia Governance Council via on-chain voting for maximum transparency.
Kaia Infrastructure Fund (KIF)
The KIF is allocated to support the growth of new GCs, develop key services, and manage foundation operations. The fund operates autonomously and transparently, ensuring that resources are effectively directed towards the ecosystem’s development.
The IOK program is designed to contribute towards seamless builder onboarding by providing pragmatic, go-to-market support across the technical, and business aspects for dApp developers. With over 150+ partners across 10+ categories among global top-tier players. This program has two classifications to benefit from, one for developers and one for partners
For Developers
Time and Cost Savings: DApps created using Kaia can save time and costs by finding reliable partners through the program.
Focus on product development: DApps created using Kaia can save time and costs by finding reliable partners through the program.
Networking Opportunities: Developers can accumulate excellent references over time, enhancing their reputation in the industry.
Quality services: DApps can receive industry-leading quality services at reasonable prices.
For Partners
Building references: Partners can accumulate excellent references over time, enhancing their reputation in the industry.
Attracting and retaining customers: Partners can consistently attract and retain customers.
Networking Opportunities: Partners can also take advantage of networking opportunities with top-tier players.
Early Communication: Partners have the first communication opportunity with a number of dApps that are onboarding to the Kaia Chain.
The D2I(Dragon DeFi Initiative) program is an incentive program to foster a strong DeFi ecosystem on Kaia. The current D2I program prioritizes the discovery and support of public infrastructure, such as decentralized exchanges (DEXs) and lending protocols, which are core to any DeFi ecosystem. This means DApps that adopt innovative structures, such as on-chain order books and hybrid DEXs, as well as existing ecosystem participants that meet the requirements of D2I are also eligible for the program.
Bounty Program
You can get widespread recognition from the team and Kaia ecosystem and earn rewards based on the severity and impact of the bugs and build a track record to explore more opportunities with Kaia projects
Type of Bounties
Bug Bounties
Developers can earn up to $20K by finding protocol bugs and vulnerabilities. To get started just simply visit 👉🏿here
Dev Bounties
Developers can earn up to $100K by creating tools, applications, and resources that enhance the Kaia ecosystem. To get started just simply visit 👉🏿here
Conclusion
In conclusion, Kaia presents a promising vision for a gateway to the brave new Web3 world in Asia. By exploring its innovative technology, utilizing the user-friendly Kaia Portal, and participating in the incentivized ecosystem, users can actively contribute to the growth of this exciting project.
For the latest updates and community engagement, follow and connect with Kaia on the following links
Twitter: 👉🏿 here
Telegram: 👉🏿 here
Discord: 👉🏿 here
Visit the official Kaia website and Portal to learn more and get involved.
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