What is AKRO

1. Project Introduction
Kaon is a blockchain platform aiming to combine Bitcoin and Ethereum Virtual Machine (EVM) functionalities to enable seamless cross-chain interactions. Operating as a Bitcoin sidechain, it uses Bitcoin core code and Delegated Proof-of-Stake (dPoS) for consensus. Users can purchase BTC directly with EVM-compatible wallets like MetaMask and interact with BTC via OP_CODE or smart contract addresses.
Summary:
Originally launched as Akropolis, a DeFi protocol, Kaon has evolved into a minimized-trust Bitcoin ecosystem. It now focuses on building the most secure method of Bitcoin staking and yield generation via a UTXO-native EVM chain with integrated staking capabilities.
2. Team & Investment Info
Operated by a DAO led by core contributors and long-term community members.
Core contributors include security engineers who audited Curve and 1Inch, with over $10B in TVL across crypto projects, and hold patents in machine learning and blockchain.
Founders have built six companies with multiple successful exits; prior experience includes J.P. Morgan, Hedera Hashgraph, and large family offices; alumni of MIT, Oxford, Cambridge, and LBS.
Funding:
Private round in March 2019 with investors like Spartan, Kenetic, LedgerPrime, and Alameda.
IEO in July 2019 on HTX Primelist, raising $2.4M.
3. Social Media URLs
X: https://x.com/kaonlabs
Telegram: https://t.me/kaonlabs
Discord: https://discord.com/invite/xGdaBvn
4. Token Info
Token Symbol: AKRO
Total Supply: 5,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0x8ab7404063ec4dbcfd4598215992dc3f8ec853d7
Token Distribution:
Foundation: 6.67%
Team (linear release): 10%
Ecosystem (linear release): 34%
Operations: 6.67%
Team (beta): 1.67%
Ecosystem (beta): 3%
Team (testnet): 1.67%
Ecosystem (testnet): 3%
Market Makers: 3.33%
Partners: 3.33%
Unlocked tokens: 26.66%
5. Related Links
Official Website: https://www.kaon.one/
White Paper: https://kaon.gitbook.io/technical
Other Info: https://guild.xyz/kaon