Neidhardt87
commented
2 years ago ### Technical FAQs
How can i add KUSARI to Metamask?
Kusari RPC URL : https://rpc.kusari.network/ Chain ID : 71 Currency Symbol : KSI Explorer: https://evm.kusari.network/
What is the polkadot.js extenstion? Do i need to get it to interact with the chain?
The Polkadot.js is a browser extension that enables you to create and manage a substrate account (the framework that was used to build i.e. Polkadot, Kusama, the SwapDEX and the KUSARI chain). In order to interact with the chain and its staking and governance mechanisms, you need to install it. You can find a video guide here.
Where do i find further information on how to become a validator?
https://docs.kusari.network/validator-guides/validator/
How can i Nominate/Stake?
https://docs.kusari.network/what-to-try/nominator/
Okay i'm hooked, where are the Deep Dives?
https://docs.kusari.network/deep-dives/evm-pallet/
I am a developer, where do i look?
Work in Progress: https://docs.kusari.network/dev-guides/
What is the minimum amount of KSI I can have in my account? 0.1 KSI ? <- Check if thats correct
What is the block time of KUSARI?
Kusari is currently operating at a blocktime of approximately six seconds. This may be changed in the future. It may be lowered to two or three seconds after optimizations, or potentially increase due to unforeseen circumstances.
Does KUSARI have smart contracts?
Yes and No. Inherently, the KUSARI Chain does not implement smart contracts. The possibility to deploy smart contracts stems from the implementation of the EVM-Pallet, enabling any smart contract (that was written using solidity) to be deployed onto the KUSARI ecosystem.
What is the inflation rate of KSI?
The inflation rate is based on the amount of KSI tokens locked in staking. Assuming the ideal staking rate of 50%is reached, the inflation is set to approximately 10% per year. A higher percentage staked will result in a sharp drop of the interest as well as the inflation rate to incentivize the unbonding of funds and to avoid running into shortage of liquidity.
What are the transfer fees on KUSARI?
It is important to note that the cost of transferring KSM is dynamic. Currently, the minimum cost of transferring KSI is ~1.5 milliKSI, although this can be changed via governance. However, actual transaction fees will vary based on a variety of factors. Specifically, fee calculation follows the following formula:
base_fee + (tx_length * length_fee) + WeightToFee(weight)
For further information please visit the Substrate documentation on fee calculation.
NOTE: On the EVM side the fee is set to 50GWEI, which can be either decreased or increased.
Where can i find info about upcoming changes and votes concerning the chain?
You can check out proposals and referenda via the governance tab on the explorer here.
If you want to partake in the discussion about future changes and the planning of proposals, check the forum for details. Upcoming events concerning the chain can be found on the upcoming event calendar as well.
Petar-23
General FAQs
Disclaimer KUSARI is a work in progress. The following FAQs will continue to be updated as the platform evolves. The exact structures and technologies to be included over time and are liable to change with continued research and the possible need for adaptation due to the fast paced development in the crypto industry
What is our mission?
We’re on a mission to truly decentralise finance We revolutionize the future of DeFi by providing the industry-leading ecosystem, blockchain, exchange and end-to-end financial platform within a community-governed ecosystem.
Why do we need KUSARI to help achieve true Decentralisation?
The distribution of funds in the crypto space is still relatively centralised with the majority of funds in the hands of relatively few. Part of this is because the technology is still in its youth and adoption still hasn’t reached the masses, although the path towards real mass adoption is getting clearer by the day. The Problem of centralised funds still persists as a lot of coins and tokens are in the hands of a small number of big players in the industry.
In order to further disperse these financial resources and give everyone a fair chance of participating in an independent market, exchanges mark a pivotal point. A widespread allocation is only possible if there are a lot of different - ideally independent and decentralised -exchanges that grant access to assets with each acting as a sort of contingency for another, avoiding risk of corruption.
The requirements for those exchanges are steadily rising and rightfully so. Investors want to be able to voice their concerns when putting their hard earned money at risk and the weight of their voice has been rather small in the past. It's clear that it's one of the major challenges for exchanges and DeFi-projects to empower the individual investors and give them the right to vote on important decisions. With growing desire for participation comes the question on how to meet the needs of the growing crypto community.
KUSARI offers its users participation through an elaborate voting and consensus mechanism that strives to best represent the interest of each and every one of their investors through nominating the most trustworthy validators (nodes that supply the blockchain with the hardware necessary) and voting upon a trusted council to ensure long term stability of the chain and the trading D'Apps deployed on its native KUSARI chain.
KUSARI Launch
The Genesis block of the KUSARI network was launched on December-11-2021 11:10:12 UTC, as a nominated Proof of Stake (nPoS) network.
KUSARI Roadmap
For more information on the KUSARI roadmap on its way to decentralise finance, please visit the LINK to New KSI Homepage Roadmap!
How many chains can KUSARI connect?
There is no specific limit to the number of chains that can be connected to the KUSARI network. As long as working bridges exist, there is a way to connect.
Does KUSARI have smart contracts?
Yes and No. Inherently, the KUSARI Chain does not implement smart contracts. The possibility to deploy smart contracts stems from the implementation of the EVM-Pallet, enabling any smart contract (that was written using solidity) to be deployed onto the KUSARI ecosystem.
What keeps KUSARIs governance from failing?
KUSARIs governance has already been shown to work. Examples can be found in the runtime upgrades that have successfully taken place through on the testnets as well as in a real economic environment on Kusama and Polkadot itself. Blockchains and especially projects that focus on decentralised finance need a method to adapt and evolve while taking the interests of their community into consideration. Therefore, an on-chain governance system is of utmost importance for the long-term success of KUSARI. Ultimately, it is the coin holders that are responsible for preventing KUSARI's governance from failing by using their economic value and convictions to guide the progression of the protocol and push the project towards true decentralised finance.
What prevents KUSARIs governance from becoming centralised?
A savvy reader might have noticed that the answer to the previous question endowed the coin holders with the ultimate responsibility to ensure that KUSARI’s governance does not fail. By following the train of this assertion, one might assume that KUSARIs governance is susceptible to becoming ruled by a few large token holders (called whales in trading parlance) and therefore become a mere plutocracy (rule of the rich). There are several other mechanisms that are built-in to the governance system to resist this plutocratic tendency. One of these mechanisms is called conviction voting, and imposes greater voting power to token holders who are willing to lock their tokens on the protocol for longer lengths of time. Longer lock-ups display conviction in a vote. Conviction voting could allow a highly determined minority to overrule the vote of an apathetic majority in certain situations. Another mechanism is known as Adaptive Quorum Biasing. This makes proposals have a varying threshold for approval or rejection based on what part of the governance protocol the proposal originated in. For details on the subtleties of KUSARI’s governance system, please check out our Governance documentation. <- 99% copy from dot <- will rephrase it
I am a long term hodler of SDX, how do i claim my KSI?
You can claim your KSI through our Dashboard on a 1 KSI per 100 SDX ratio
Please follow the guide provided in the video.
NOTE: The deadline for calculating KSI wallet holdings is December 3rd, 2021. Any purchases of the ERC-20 SDX-Token after this date will not be considered for the balance claims.
### Web3 Foundation
What is the Web3 Foundation?
Web3 Foundation is a Swiss Stiftung established under Article 80 et seqq. of the Swiss Civil Code. The Web3 Foundation was founded by Dr. Gavin Wood and has as its focus the development, deployment and maintenance of “Web3”. Web3 Foundation promotes the development of innovative technologies and applications in the field of cryptographically-enabled decentralised software protocols.
Web3 Foundation’s purpose is to nurture and steward cutting-edge technologies and applications at all levels of the Web3 technology stack. Web3’s principal focus is research, development, deployment, funding, and maintenance of Web3 technologies, plus advocacy and education, developer-adoption, support of middleware, and base-layer/demonstration applications.
The Web3 Foundation Council is Web3’s governing body, responsible for the management of the Web3 Foundation. The current members of the Web3 Foundation Council are Dr. Gavin Wood (President and Founder), Dr. Aeron Buchanan (Vice President) and Reto Trinkler.
Swiss foundations are subject to a mandatory supervision by a federal or cantonal authority. The Web3 Foundation’s application for approval by Eidgenössische Stiftungsaufsicht (Federal Foundation Supervisory Authority) was approved July 2018.
Risk factors associated with KSI
Nature of the legal relationship between holders of KSI is uncertain.
The legal nature of the relationship (if any) between the holders of KSI and the liabilities and obligations of holders of KSI is uncertain.
Regulatory treatment of KSI is uncertain
As the sale of tokens is a nascent practice, the treatment of KSI by regulatory and governmental authorities is uncertain and may vary across jurisdictions. The legal and regulatory treatment of KSI may be prone to change in the future, which may have a materially adverse impact on the legal status of KSI, the economic value (if any) of KSI and the liquidity of KSI, as well as the development, function or governance of KUSARI and / or the Web3 Foundation itself.