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  •   Crypto Maximal reacted to this post about 3 weeks ago
    #KYL around $0.17 is a great accumulating zone.

    This is the first full report for my current position for this token.

    KYLIN Networks

    Current Market Cap: 27.50 Million

    What is Kylin?

    Kylin Network offers any applications and blockchains (such as parachains and parathreads) instantaneous but reliable and valid on/off-chain market data and social data sources by leveraging the power of Polkadot/Substrate Framework on open networks.

    Kylin Data Analytics is a combination of analytic tools designed for data warehouses. It provides a query engine and RESTful API for third-party applications and external analytics tools.

    Kylin Data Oracle is an advanced decentralized data feeding protocol powered by Polkadot/Substrate offering multiple, real-time data sources with complementarity to and synergy with off-chain workers.

    Kylin Data Marketplace is an open platform for data exchange and pricing. Dapps built on Polkadot can easily and efficiently collect both off-chain and on-chain data only paying a very competitive fee.

    Kylin Token $KYL is the native token of Kylin Network which will play the role of governance and other utilities. $KYL is necessary to secure and power the decentralized data network.

    Summary

    Kylin networks is the Chainlink for Polkadot. It is faster and cheaper to operate the price feeds on the polkadot network than chainlink. Although many believe that Kylin is a direct competitor, Kylin differs in several ways.

    #1. Its tech uses parachain that is far superior than many of the ETH projects.

    #2. Increased partnerships with various polkadot ecosystem. Kylin was one of the few that received the Web 3 grant in their rounds last year.

    #3. Kylin has three use cases, data feeds, API data capabilities and can sell the data in a market place. This puts it in a very good position to combat Chainlink's dominance.

    #4. Kylin will most likely ascend as one of the few projects that has backing by various VC firms that will provide liquidity in this DEX exchanges.

    #5. Kylin has only 155 million tokens out in circulation, its incentive system uses Staking rewards where node operators must purchase the tokens to stake. In addition the token will be used for payment into query data exactly like the graph.

    #6 Kylin has the same backers as those from the graph token. A similar approach to token distribution is included where early investors will not be able to sell their token immediately.

    Given this I suspect Kylin will have the same or higher valuation than GRT or the graph token.

    This puts KYLIN at a 3.5 Billion valuation for a target price of $23 (135X).
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