Kintsugi KINT Price 1.11

What is the Kintsugi Network?
Kintsugi is an experiment with real economic value.
Interlay is a network dedicated to connecting cryptocurrencies with other platforms. The Interlay network is hosted as a Polkadot parachain and will be connected to other networks.
Kintsugi's flagship product is kBTC. It is backed by multi-collateral insurance and resembles a stable coin pegged to and redeemed forBitcoin.
The native utility token is KINT.
The governance votes to decide how network resources are allocated. Fees are charged for processing transactions.

How many KINT coins are in circulation?
The Kintsugi network was launched in October of 2021. 10 million token were emitted over the first 4 years.

Who are the founding members of Kintsugi Network?
The canary network of the Interlay network is called Kintsugi. The two met during their PhDs at Imperial College London, where they were the first researchers of the cryptocurrencies lab. Over 30 papers with over 700 citations have been written by both of them.
The first steps towards Interlay and Kintsugi were made when the XCLAIM paper was presented at the Scaling Bitcoin conference. Interlay was founded in 2020 to bring research into practice.
What makes Kintsugi unique?
Kintsugi's flagship product is a 1:1 coin backed asset.
Kintsugi's kBTC is unique because of its dedication to being trustless.
It is secured by insurance. In a MakerDAO-inspired multi-collateral system, vaults lock the kBTC parachain in various digital assets. Radically open.
As a holder of kBTC, you have the following guarantee: You can always redeem kBTC for BTC, or be reimbursed in the collateral currency at a beneficial rate.
You will be reimbursed from the vault's collateral if the vault does something wrong, and will end up making a profitable trade between the assets.
At launch, the DOT will hold the collateral.
To trust interBTC, you only need to sum up.
It's a good idea to trust that Bitcoins are secure. After X confirmations, trust that the blocks are final.
You should trust that the chain you are using is secure.

There are pages related to this.
You can learn more about Interlay, Kintsugi, and interBTC here.
Find out more about wBTC.
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