Today we are introducing KaspaDollar, an initiative led by core developer @asaefstroem to build the first decentralized stablecoin on the $KAS network.
The developments around @kccforum and the Toccata hardfork have considerably widened what Kaspa is capable of. Capability alone, however, does not make an ecosystem. Decentralized finance requires a unit of account that holds its value, and until Kaspa has a stablecoin of its own, every application built on it will remain dependent on assets issued elsewhere.
The design we intend to follow is the decentralized, overcollateralized stablecoin: a pattern whose security properties have been examined and tested across the industry for the better part of a decade. With the support of the core team, we consider the conditions right to bring it to Kaspa.
Realizing this requires development, an independent audit, further research, and the operational work of taking a protocol from specification to production. To fund it, we are opening a fundraiser with a target of 5,000,000 KAS.
Contributions are made directly to the fundraising address published on the website. Should the target not be reached by 1 January 2027, every contribution will be returned to the address from which it was sent.
Up until that point, this account will share the plans, details and progress of the work as it develops.
🚨 VERY BIG NEWS FOR $KAS — INSTITUTIONAL CUSTODY IS NO LONGER JUST A BTC & ETH STORY.
Zodia Custody, backed by Standard Chartered, supports Kaspa alongside Bitcoin and Ethereum for institutional clients.
And the bank reported $993.4 BILLION in assets as of June 30.
That’s a serious institutional connection for Kaspa. The next milestone is broader adoption.
BitGo, the NYSE-listed custodian with $65.2B in assets on its platform in the quarter to June 30, has added Kaspa mainnet to its coin list and developer SDK. Its Kaspa module supports key generation and MPC signing.
@kaspaunchained
$RECALL is mobilising.
First army allocations sent!
1. The Growth Warchest
5% of $RECALL supply has been entrusted to our GTM and marketing partner to coordinate creators, expand our reach and accelerate the campaign.
Tx: 0x947e112f41f578a578ac8fc8a1ef857fcfeafee3fd2ab303e8ab6169ac951795
2. First Creators Activated
Our partner has now executed the first two creator payments.
0x605e488c1a8d991da33d6a87b35ab21d9dc38b7cdf281c554c40ce1dd586e84a
0x3a4510b4ef4b32d00556808b83e1cdd1d5b5486879b19d2bc585a0fb14f76212
3. Scaling the movement
Our partner will be announced this week.
We’re assembling the creators, media relationships and distribution network to turn a grassroots movement into the loudest campaign cryptos ever heard!
@pudgypenguins will hear us
@IglooInc will hear us
@Walmart will hear us
@Target will hear us
All of crypto will hear us
And we won’t stop fighting until the Abstract community is made whole.
The $RECALL movement has begun!
Vive la revolution ✊
К сожалению проект украл у меня слишком много @AbstractChain полностью обнулил мою работу за 7 лет. Я потерял возможности. Поверив что настоящий лидеры должны быть часть коробля.
Я действительно считаю что они должны все сесть. Да возможно не сегодня. Ноо с таким подходом Soon