Equity Overview
Price & Market Data
Price: $1.60
Daily Change: -$0.0272 / 1.70%
Daily Range: $1.59 - $1.63
Market Cap: $239,680
Daily Volume: 9,360
Details
Darwinia Commitment Token (KTON) is a key component of the Darwinia Network, a decentralized platform developed by Itering.io and co-founded by Alex Chein and Denny Wang in 2018. KTON is created as a reward for users who participate in Darwinia's staking system, where they lock their native tokens, RING, for a fixed period to enhance network security. Users receive KTON in return for locking RING for up to 36 months, with a penalty for early withdrawal. KTON can be used to gain staking power and engage in Proof of Stake (PoS) mining within the network. This system is designed to encourage long-term commitment and contribute to the stability and security of the Darwinia ecosystem, which is community-driven and focuses on continuous innovation in decentralized applications and cross-chain capabilities.