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About Kalao
Key Points
- Kalao (KLO) is a non-fungible token (NFT) ecosystem built on Avalanche (AVAX) blockchain.
- Kalao aims to accelerate the adoption of virtual reality (VR) technology and combines its own VR showroom with DeFi capabilities on its NFT marketplace.
- Kalao was founded by CEO Hassan Benahmed and CMO Efe.
- Kalao offers a fully decentralized, scalable, and low-cost NFT marketplace.
- Kalao’s unique features include VR technology, event ticketing, luxury goods commerce, and art exhibitions.
- The total supply of Kalao (KLO) is 500 million, with a
About Kalao
In the realm of decentralized finance, Kalao is a pioneering force, dedicated to crafting innovative solutions that bridge the gap between traditional finance and the burgeoning world of cryptocurrency.
Kalao (KLO): A Comprehensive Overview
Kalao (KLO) is a pioneering non-fungible token (NFT) ecosystem built atop Avalanche (AVAX), a robust layer 1 blockchain. Its primary objective is to catalyze the widespread adoption of virtual reality (VR) technology by seamlessly integrating its bespoke VR showroom with decentralized finance (DeFi) capabilities within its NFT marketplace. On this platform, users can create, sell, purchase, and collect unique NFTs, as well as showcase their prized NFT collections in a personalized, immersive 3D NFT gallery. By leveraging Avalanche as its blockchain of choice, Kalao ensures fast, secure, and low-cost transactions. Furthermore, Kalao envisions the integration of NFTs into real-world applications, enabling users to exhibit their art, sell luxury goods through the marketplace, or even utilize it as a novel event ticketing framework. Looking ahead, Kalao plans to develop a comprehensive metaverse, dubbed “The Citadel,” where users can acquire or rent lands, promote their businesses, or host virtual gatherings.
The Visionaries Behind Kalao: Meet the Founders
Kalao (KLO) was co-founded by CEO Hassan Benahmed and Chief Marketing Officer Efe (whose surname remains undisclosed). Despite the relative anonymity of the team behind Kalao, the project boasts an impressive roster of backers and investors, including, but not limited to, Avalanche (AVAX), AvaLaunch, Maven Capital, OkEx Blockdream Ventures, and Fantom. Notably, Kalao enjoys a particularly strong synergy with Avalanche, whose vision, according to CEO Benahmed, aligns seamlessly with Kalao’s ambitious objectives.
Unveiling the Unparalleled Kalao: A Revolutionary Force in the Cryptoverse
Kalao (KLO) seeks to differentiate itself by introducing a fully decentralized, scalable, and low-cost NFT marketplace, thereby paving the way for the integration of real-world use cases into NFTs, such as:
- Event ticketing. The Kalao Marketplace empowers event organizers to seamlessly issue and sell tickets for concerts, sports events, and seminars, while facilitating a secure and efficient ticket-trading experience for users. Moreover, artists can leverage the platform to broadcast their concerts live, thereby expanding their audience reach.
- Luxury goods commerce. The Kalao Marketplace provides a unique opportunity for companies to showcase and sell luxury goods, allowing users to virtually try them on before making a purchase. In the future, users will be able to proudly display their luxury possessions within the immersive Kalao metaverse, “The Citadel.”
- Art exhibitions. The Kalao Marketplace offers a digital canvas for artists to showcase their masterpieces, enabling users to appreciate and interact with digital art in a manner akin to traditional art forms.
In contrast to other marketplaces, Kalao pioneers the use of VR technology to elevate and enrich the user experience. The Kalao Gallery, a cutting-edge VR platform, invites visitors to fully immerse themselves in captivating art exhibitions, electrifying concerts, and more. Notably, all of Kalao’s virtual galleries will be seamlessly accessible on both PC and mobile devices.
By establishing a unified trading platform, Kalao seeks to simplify the process for both artists and buyers, thereby fostering a more immersive and enjoyable experience. Looking ahead to 2022, Kalao plans to introduce innovative features, including live event broadcasting and real-world use cases, to further elevate the user experience.
What Is the Circulating Supply of Kalao (KLO) Coins?
The total supply of Kalao (KLO) is capped at 500 million. The current circulating supply of KLO stands at 11.735 million. The tokenomics of Kalao are structured as follows:
- 45% – allocated to community rewards
- 15% – reserved for the team, with a six-month lock-up period and linear vesting schedule
- 7.5% – designated for advisors, featuring a six-month lock-up period and linear vesting
- 12.5% – dedicated to fostering a thriving ecosystem
- 20% – allocated to token sales, comprising 8% seed round at $0.025, 10% private round at $0.035 (both with a three-month lock-up period and linear vesting), and 2% public round at $0.04 (with a six-month linear vesting schedule)
The Kalao Network’s Robust Security Framework
Kalao (KLO) operates on Avalanche (AVAX), a prominent layer 1 blockchain. Notably, Avalanche boasts its own unique consensus mechanism, diverging from traditional proof-of-work (PoW) and proof-of-stake (PoS) models. Instead, all nodes on the Avalanche network process and validate transactions via a directed acyclic graph (DAG) protocol. This innovative approach enables simultaneous transaction processing, with validators’ random polling ensuring the accuracy of transactions with statistical certainty. Unlike PoW and PoS, this consensus mechanism eschews traditional blocks, thereby facilitating immediate finalization and significantly enhancing the blockchain’s overall speed.
Where to Acquire Kalao (KLO): A Comprehensive Guide
Kalao (KLO) is now accessible on a multitude of prominent exchanges, including ZT, Gate.io, TraderJoe, and Pangolin, offering users a seamless trading experience.
For those seeking to delve into the world of cryptocurrency investment, a comprehensive guide is available, offering valuable insights on how to initiate your cryptocurrency-buying journey.
Kalao’s innovative framework is poised to accelerate the widespread adoption of VR technology, thereby revolutionizing the development of immersive virtual worlds and transforming business use cases. The Kalao Marketplace is built upon the fast, secure, and low-fee Avalanche blockchain, seamlessly integrating both X-Chain and C-Chain networks, and offering a diverse range of auction types, while rewarding loyalty. As a fully decentralized platform, it provides unparalleled access to cutting-edge technology and advanced features, culminating in a seamless user experience. Notably, Kalao aggregates all NFTs available on the Avalanche C-chain, eliminating the need to navigate multiple marketplaces. Instead, Kalao Marketplace serves as a one-stop destination. Furthermore, Kalao is pioneering a novel approach to experiencing NFTs, allowing users to magnify their digital assets in a breathtaking 3D virtual reality environment, accessible with or without a VR headset, and compatible with multiple platforms. Users will feel right at home in Kalao Galleries.
Associated Resources:
Discover Avalanche (AVAX), the robust blockchain that underpins Kalao’s infrastructure.
Discover Solana (SOL), a cutting-edge, high-performance layer 1 blockchain that redefines the boundaries of speed and efficiency.
Delve into our in-depth exploration of Kalao (KLO).
Stay ahead of the curve with the latest cryptocurrency news and expert trading insights, courtesy of the CoinMarketCap blog.