Kaanch Network is a blockchain platform that aims to provide improved speed, scalability, and security, offering a developer-friendly environment for building decentralized applications, Web3 infrastructure, and tokenized ecosystems. ^[1]

Overview

Kaanch Network, founded by Rahul Kumar and Ved Singh in 2023, is a blockchain platform that aims to provide speed, scalability, and security. It is designed to support decentralized applications, Web3 infrastructure, and tokenized ecosystems, with a focus on interoperability and real-time asset management.

The platform seeks to accommodate both enterprises and individual developers in building blockchain solutions. Kaanch Network aims to handle a high volume of transactions while prioritizing performance, security, and scalability. It offers tools and resources to assist developers in creating blockchain applications. ^{[1] [2] [3] [4] [5]}

Features

Kaanch Network aims to provide high performance with the ability to process up to 1.4 million transactions per second and block times of 0.8 seconds. It seeks to enable the seamless and secure transfer of real-world assets, supporting rapid global transactions.

The network operates with near-zero gas fees, aiming to reduce transaction costs and improve accessibility. Kaanch is secured by a decentralized network of 3,600 nodes, which is intended to ensure reliability, scalability, and protection against attacks, maintaining the integrity and security of the platform. ^[9]

Products

Kaanch Hub

Kaanch Hub serves as a central platform for managing token creation, staking, and validators within the Kaanch Network. It allows users to stake KNCH tokens, earning rewards with an APR of 15.26%. Additionally, K.Exchange, set to launch soon, aims to provide users with the ability to trade with leverage directly from their wallets. ^{[8] [9]}

Kaanch Explorer

Kaanch Explorer is a tool intended for navigating the Kaanch ecosystem, tracking transactions, and accessing asset information. It aims to offer users a way to monitor network activities and retrieve relevant asset details. ^{[9] [10]}

Kaanch Bridge

Kaanch Bridge is a cross-chain solution that enables the transfer of Kaanch tokens between different blockchain networks. It aims to improve interoperability by supporting the movement of tokens across various platforms. ^[9]

Kaanch Wallet

Kaanch Wallet is designed to enable secure interaction with the Kaanch ecosystem. It allows users to manage digital assets, connect with decentralized applications (dApps), and perform transactions. The wallet supports private key management and offers transaction tracking through Kaanch Explorer. It also aims to provide integration with hardware wallets for enhanced security. ^[11]

Architecture

Kaanch Network employs a Delegated Proof of Stake (DPoS) mechanism, where token holders delegate KNCH tokens to validators who help secure the network. Validators participate in block production and transaction validation, earning rewards in return.

This system aims to enable fast transactions, low gas fees, and strong security, while supporting decentralization and reducing energy consumption. It seeks to encourage community governance and scalability, contributing to the network's resilience and efficiency. ^[6]

Use Cases

Kaanch Network aims to support various use cases across industries by enhancing efficiency, security, and scalability. Some potential applications include:

• Smart Contracts: Facilitating automated agreements and processes through distributed ledger technology.- Payments and Revenue Sharing: Enabling automatic payments and collaborative revenue-sharing arrangements.- Wallet & DEX: Supporting cryptocurrency transactions through wallets and decentralized exchanges.- Supply Chain Management: Providing real-time tracking and accountability in supply chains.- DNS: Improving security and reliability for blockchain-based services.- Asset Digitalization: Aiding in asset management through digitalization technologies.- IoT: Enhancing data integrity and security in IoT applications.- Database: Offering decentralized, secure, and transparent data storage.- Tax Payments: Automating tax payments via secure blockchain systems.- Game Assets: Managing digital game assets on the blockchain.- Public Document Access: Ensuring transparent access to public documents.- DeFi: Supporting decentralized finance applications with fast transactions and low fees.- Enterprise Data Security: Strengthening enterprise data protection with immutable records.- Digital Identity Management: Enabling secure identity verification through decentralized systems.- Healthcare Data Management: Helping manage and securely share patient records across trusted entities. ^[7]

Tokenomics

Kaanch Network Token ($KAANCH)

The KAANCH token is intended to play a key role in the Kaanch Network, facilitating staking, transaction fee payments, and serving as the primary unit of value within the network's subnetworks. It aims to support the network's security, efficiency, and overall functionality. ^[12]

Allocation

The Kaanch Network's initial supply of 58 million KNCH tokens is allocated across several categories to support the network's growth, security, and sustainability. These allocations aim to incentivize early participation while promoting long-term adoption. The distribution is as follows:

• Validator: 62%
• Airdrop: 10%
• Advisor: 3% (12-month vesting, 6-month cliff, linear unlock)
• Team: 7% (48-month vesting, 12-month cliff, linear unlock)
• Kaanch Foundation: 10% (20% unlocked initially, 80% over 60 months)
• Marketing: 7% (20% unlocked initially, 80% over 24 months)
• KOL (Key Opinion Leaders): 1% (50% unlocked initially, 50% over 5 months) ^[12]