Darwinia CommitmentPrice

(KTON)

KTON is a specialized derivative token within the Darwinia Network, representing "tokenized commitment." While RING serves as the native utility and gas token for the ecosystem, KTON is specifically designed to incentivize long-term network stability. It is minted when users voluntarily lock their RING tokens for a fixed period, typically ranging from 3 to 12 months. Essentially, RING is for daily operations like gas fees, while KTON represents a user's long-term stake and voting commitment to the network's growth.

The primary method to acquire KTON is by depositing and locking RING tokens in the Darwinia Staking App for a specific commitment period. KTON did not have an initial supply; it is created solely through this commitment mechanism. Additionally, KTON can be acquired through cryptocurrency exchanges such as LBank. Once obtained, users can use KTON to participate in the network's governance and specialized staking activities that offer higher reward power.

Following the migration from a Substrate-based chain to the EVM-compatible Darwinia 2.0, users must transition their assets to the new system. To see your KTON, you must use the official Migration Dashboard to move tokens from your old Substrate account to an EVM-compatible account. Furthermore, you must manually add the KTON contract address (0x0000000000000000000000000000000000000402) to your wallet like MetaMask. This ensures the precompiled asset is correctly recognized and displayed within your wallet interface.

Users who lock RING to receive KTON are expected to honor the chosen commitment period. If you decide to unlock your RING early, a penalty is applied. This penalty is historically calculated as three times the amount of KTON rewards received for that specific commitment. It is important to note that if your balance does not contain enough KTON to cover this penalty, the system will prevent you from unlocking your RING tokens until the requirement is met or the original lock-up period expires.

Yes, KTON provides significantly higher "Staking Power" compared to RING. In the Darwinia governance and staking model, KTON is weighted more heavily to reward users who demonstrate long-term commitment to the network. This increased Staking Power translates to greater voting influence in governance decisions and a higher share of staking rewards per token. While both tokens can be staked, KTON is the preferred asset for users looking to maximize their influence and returns within the ecosystem's reward structure.

KtonDAO is a decentralized governance body exclusively for KTON holders, allowing them to vote on proposals, treasury allocations, and network parameters affecting the commitment-based ecosystem. Regarding utility, KTON cannot be used for gas fees; all transaction costs on the Darwinia Network must be paid using the native RING token. KTON is strictly reserved for staking, governance voting power, and participation in specialized decentralized finance applications within the Darwinia ecosystem.