What Is Calamari Network (KMA)?

Calamari Network (KMA), Manta Network's canary-net, is a plug-and-play, privacy-preservation parachain created to use the DeFi on Kusama blockchain. Kusama is a scalable blockchain platform created on the same codebase as Polkadot, while Parachain is a layer-1 sidechain that forms the backbone of the Polkadot network. The Calamari network is the official Canary Net for Manta Network. The platform seeks to enable privacy for any parachain asset.

As per the website, the Manta network is an interoperable private protocol that helps with the problems related to blockchain privacy, usability, and interoperability through the privacy-preserving decentralized exchange. The platform aims to fuse the zkSNARKs and Kusama that fetches on-chain privacy to swaps and transactions. ZkSNARK is a proof of construction mechanism that seeks to prove possession over certain information. Also, the network is compatible with other projects and parachain assets that include wrapped crypto assets.

Calamari Network offers two products, MariPay and MariSwap. MariPay aims to help with the private transfer of Kusama and the parachain assets. Here, users can make transactions of common assets like wrapped BTC and stablecoins while eventually receiving the benefits of on-chain privacy via ZKP. Meanwhile, MariSwap seeks to allow users to swap between parachain assets while maintaining the confidentiality of the user's address.

KMA is the official cryptocurrencyof the platform. Also, KMA is a community-driven, deflationary tokenwhere rewards related to rebate, redemption, and token burns are generated through a privacy-preserving network of the platform. The utility token rewards holders on the usage fee of MariPay and MariSwap. Further, the platform is working on various ways to participate in PLO, which awards the user with KMA token. The platform also seeks to perfect the initial product by porting the KMA token to other parachains, implementing permanent private addresses, and rolling out some new features.