About Koisan Chain

Introduction to Koisan Chain

Koisan Chain (Koisan) is a decentralized, high-efficiency and energy-saving public chain. Koisan Chain relies on a system of 19 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

Koisan is compatible with smart contracts and supports high- performance transactions. The Koisan Chain also supports EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication are possible due to native support of interoperability. The Koisan Chain will be:

• A self-sovereign blockchain: Provides security and safety with elected validators.

• EVM-compatible: Supports all the existing Ethereum tooling along with faster finality and cheaper transaction fees.

• Interoperable: Comes with efficient native dual chain communication; Optimized for scaling high-performance dApps that require fast and smooth user experience.

• Distributed with on-chain governance: Proof of Staked Authority brings in decentralization and community participants. As the native token, KIC will serve as both the gas of smart contract execution and tokens for staking.

Vision

Technological innovation is the driving force behind the advancement of the blockchain industry, but many innovative projects have been misunderstood and ignored at their early stages. We have witnessed the growth process of great projects. Recalling that Ethereum and Polkadot were questioned as altcoins in the early days, they all went through difficult times. Therefore, Koisan's mission is not only a public chain, but also to focus on the discovery and support of high-potential developers and innovative projects. Relying on the world's largest trading ecosystem, Koisan is committed to becoming the birthplace of innovative technologies and innovative businesses, and building a complete ecological loop of technology development, application promotion, and trading.

Koisan's Performance

• TPS: 10.000+

• Average block interval: 5s

Consensus Mechanism

PoSA consensus mechanism: it has the characteristics of low transaction cost, low transaction delay, and high transaction concurrency.

The maximum number of validators supported is 19.

Economic Model

The endogenous token on the chain is KIC; the transactions consume KIC as gas fee.

Miners pledge KIC to become validator nodes. The reward of nodes is gas fee, which is distributed according to the mortgage proportion.

Cross-Chain

Assets such as BTC, ETH and stable coins can be mapped to Koisan by an asset bridge. The realization method is to lock a certain amount of tokens on the original chain then generate a corresponding number of tokens on Koisan.

Koisan encourages developers to provide more decentralized cross-chain solution.

Meta Transaction Function

The meta-transaction function is supported, which allows users to reduce gas fees step-wise, and Koisan will cover the payment of the reduced part. The meta-transaction function allows to minimize the migration cost of DApp developers, as well as to effectively reduce the cost of DApp users.

Koisan Technical Characteristics

• An open and decentralized network to maintain the security of the network and assets.

• Support the programmability of EVM, the compatibility of smart contracts to reduce development or migration costs.

• Meta-transaction function: gas fee reduction, effectively reducing the cost of developers and users on the chain.

• Support cross-chain asset transfer to optimize users’ experience.

Support Plan of Koisan

Financial Support

• Koisan will set up a special fund to invest, support and incentivize high-potential developers.

• Koisan will launch a variety of developer activities and competitions to discover and fund potential developers.

• In order to reduce the cost of users on Koisan Dapp, the Koisan meta transaction function will reduce the gas fee of users holding HT in a step-wise manner.

Resource Support

• Projects or developers that have received investment and support from Koisan have not only the opportunity to get official news report, but also can apply for marketing service packages and promote their projects globally.

• High-quality projects can participate in Koisan global roadshows for free.

• Huobi ventures Koisan fund will open up ecological resources to high-potential developers, matching the win-win cooperation between developers and our ecological partners.

KIC Burning Plan

KIC burning plan will start right away upon the sold out of Koisan NFT Characters, which is only 50,000 or February 23 2024. Currently the Koisan NFT Character has been sold more than 20,000 Characters as appeared in www.koisanworld.com for realtime sales. The total burning plan shall be 20% from breeding fee.

Risk Warning

• All users and developers can participate in the current test environment and subsequent stages of Koisan for free, and there is no charging scenario.

• All users must distinguish the test environment from the Mainnet. The assets generated in the test environment have no value. Be aware of counterfeit currency fraud.

• Koisan announces authorization, promotion and other collaborations only through the official social media platform. Developers and users should check carefully to avoid losses.

• Do not misread the official website (koisan-chain.com), and be cautious with private key phishing.