There are specific applications that blockchain as an emerging technology can solve. Issues to do with transparency and audit are just but some of them. There are tons. However, what stands out at the moment is the absence or low levels of fitting regulations.

For blockchain solutions to resolve longstanding problems and spearhead the next wave of shaping revolution, there must be an element of interoperability in such a way that enterprises and governments can at first hand reap the efficiency and cost-savings that DLT has to offer.

Without suitable solutions, there won’t be endorsements from governments and key institutions. This would cascade to low adoption levels and therefore, the failure of blockchain to gain mainstream use.

What is KardiaChain?

KardiaChain is a blockchain solution tailored specifically for governments and enterprises. The idea is to onboard as many users as possible by collaborating with government agencies and enterprises keen on leveraging Distributed Ledger Technology (DLT) to decentralize their services.

Towards this grand objective, they are keen on on-boarding as many users as possible while keeping the costs of marketing and onboarding low.

Another big feature of KardiaChain is their drive for interoperability and building non-invasive hybrid blockchain platforms attractive for clients. Dual nodes monitor the KardiaChain protocol as well as the connected blockchain—which can be Ethereum or Tron, for example, enabling seamless reading, validation, and processing of cross calls between supported protocols.

Through KardiaChain, Ethereum, Tron, and NEO will be the first interoperable blockchains with cross-chain activities expected to go live once KardiaChain launch in H2 2020.

But it isn’t public blockchains that can be interconnected, thanks to the use of dual nodes, KardiaChain can connect to private chains without the need of adhering to specific—often restrictive, protocols.

Interestingly, dual nodes are open to the public in such a way that each node can perform its own consensus during an interoperable operation producing dual blocks for the preservation of state equilibrium.

There is a secure and incentivization mechanism which allows KardiaChain to link to as many protocol as possible simply by creating a dual node group for “dual blocks” validation specific to the blockchain.

This way, the target protocol need not make any changes as dual nodes handle inter-chain activities while monitoring states of both chains.

Primarily, KardiaChain comprise:

1.     The Kardia Unified Smart Contract Language (KSML)

Here, developers can create a programming-language agnostic human-readable master smart contracts on a Kardia Virtual Machine (KVM).

These master contracts act as glue between other smart contracts hosted in supported protocols.

Like “dual nodes” invocations made on one blockchain need not to be modified and will be executed on the other chain without involvement of the end user.

The KSML acts more like a translator that can not only be used to handle failures but through which code can be injected to improve logical capabilities of smart contracts.

What this means is that in the future, once mainnet is launched, a developer can write a smart contract on KardiaChain and deploy it to other protocols through the KSML.

2.     The Adoption Decentralized Application (ADAPP)

This feature is more of an integrator through which adopting firms and government agencies can easily decentralize their services or product offerings.

As a hybrid solution which combines centralized and decentralized systems, and triggered by the conditions of contracts deployed via the KSML, there is enough flexibility for customers and developers.

For instance, operations which demand security and transparency can be run from a public chain as Ethereum while those which need scalability and throughput can be launched from a private chain.

Besides, with ADAPP, traditional firms not ready to deploy blockchain in their operations can test specific parts of their systems.

ADAPP flexibility being a main drawer has seen KardiaChain strike a deal with the Vietnamese National TV with the launch of ON Sports of which KAI tokens, the native currency of the KardiaChain platform is used for settling on-chain transactions.

The popular app is dedicated to football news and media drawing a fan base of around 800,000 of which 200,000 have registered.

The ADAPP can be downloaded from Google Playstore and Apple Store. Once installed, users can predict games or donate to their favorable players through the KAI token.

The Team

The team is led by Tri Pham—the co-founder, who has “over 10 years of entrepreneurship experience in multiple sectors such as mobile app, finance, and services.”

Huy Nguyen, the co-founder, tags over 10 years of building large-scale distributed infrastructure. He was a part of Google Access Wireless and the Google Fiber Network Infrastructure.

Anthony Vo—the Chief Financial Officer (CFO), was the First Vice President for the Bank of Hope, the largest Korean American commercial bank in the United States.

KardiaChain Team

Son Nguyen—the Head of Business Development, is an Angel investor and a blockchain enthusiast while Thao Dang—the Head of marketing and partnerships, is an experienced marketer.

Advising KardiaChain are government officials including Dr. Manh Rinh Viu described as the former “Party Chief of Thai Binh Province, Chairman of Thai Binh Provincial People’s Committee, and Member of Committee on Economic, Planning and Budgetary Affairs of the National Assembly of Vietnam.”

KardiaChain Advisors

There is Richard Yu, the co-founder of Metadium, Ryan Fang—the co-founder of ANKR Network, Huy Ho—the chairman of Mai Linh group, Michael Park—the director of marketing at Blockcrafters.


KardiaChain Partners

KardiaChain has partnered with a host of companies including the Matic Network, Morpheus Labs, Contentos, the Band Protocol, ON Sports, among others.

KardiaChain (KAI) Tokenomics and Distribution

The KAI token will be used as a mode of transfer within the KardiaChain ecosystem.

As a utility token which is non-refundable and functional, it is used a unit of account between participants of the KardiaChain. The token is an integral part of the KardiaChain ecosystem powering staking and incentivization of network validators.

Specifically, KAI tokens are used for:

  • Payment within the KardiaChain ecosystem
  • Accessing services and deployed products
  • Staking due to dPoS

Before the scheduled mainnet launch set for Q3 2020, KAI tokens are available as ERC-20 tokens. Upon a successful launch, these tokens will be swapped for KAI coins on the mainnet.

The team carried out an IEO at on April 8, 2020, raising $1 million though it was oversubscribed by 18X. The $1 million target was reached in two minutes from 2,424 participants.

KardiaChain Token Details

In total, the team had a potential of raising $19.2 million (the money received after the IEO—but was paid back). Each KAI token was sold for $0.00144 during the IEO.

KardiaChain Token sale results

During their private sale, KardiaChain raised $1.7 million. Each token was sold for $0.0025.

There are 5 billion KAI tokens as total supply with a current circulating supply of 1.5 billion.

This is how KAI tokens are distributed:

  • Private Sale: 16.32 percent (Lock 6 month, vest 10 month)
  • Team: 12 percent
  • Advisors: 3 percent
  • Ecosystem: 20 percent
  • Validators/mining: 10 percent
  • Community: 5 percent
  • Foundation: 14.93 percent
  • Startup: 15 percent (no lockup)—or 750 million

KAI Market Performance

At the time of writing, each token is trading at $0.00262024 with a market cap of $3,284,692, and a 24 hour trading volume of $600,341.

KardiaChain (KAI) Price Action

Versus the USD, ETH, and BTC; the ROI is 1.82X, 1.28X, and 1.38X, respectively.

KardiaChain ROI

You can buy and sell KAI tokens from the following cryptocurrency exchanges:, IDEX, Bilaxy, UniSwap, and Hotbit.

In these exchanges, KAI is either paired against the USDT or ETH.

KardiaChain (KAI) Markets

Short-Term Catalysts

  • Vesting of KAI tokens is a net positive in the coming few months. Since its IEO was concluded in late April 2020, traders can enjoy price upswings aware that it will take several months for other batches to be released. On June 24, 2020, the team updated their vesting contract.
KAI Token Release Graph
  • In May 2020, KAI was one of the most discussed new coins/tokens. This goes on to show how expectant the community was and the true potential of the project.
  • The team continues to strike partnerships with teams for the benefit of the wider ecosystem. The most recent addition is the addition of the Hi Wallet. They also partnered with Vietnam’s Youth Union in a deal that will digitize user data and provide a platform for building applications for over 60,000 young people.
  • CertiK is a partner backed by Binance—the world’s largest cryptocurrency exchange by client count. There is no discounting the possibility of a listing at Binance or its DEX in the future.
  • KAI is building liquidity. Aside from support from—from where it carried out its IEO, KAI is now available for trading at UniSwap. To keep up with high demand, the KardiaChain team will provide liquidity.
  • KardiaChain, in May 2020, expanded into the multi-billion dollar E-Sport industry by launching an Incentive Platform.
  • The development team is experienced. For their vision and mission, KardiaChain is attractive for leaders in blockchain and government. The project is advised by former government officials as well established CEOs. To gauge their activity, there are over 9,000 commits and 60 contributors in just two years as visible from their GitHub.

Long-term Catalysts

  • For sustainability, KardiaChain fuses dPoS and Byzantine-Fault Tolerant (BTF) consensus system, with a programming language-agnostic virtual machine ensuring smooth flow of information between supported blockchains. Transaction fees are comparatively lower and this coupled with fast confirmation times gives KardiaChain an edge over other interoperable blockchains.
  • KardiaChain is the first public blockchain which is interoperable with a private chain. This means enterprises can partially adopt—and test blockchain solutions without fully immersing themselves in the tech when they aren’t comfortable. Besides, cross-chain activities are non-invasive, subsequently opening up a new horizon for true blockchain adoption.
  • As they offer an interoperable platform, ADAPP being built on it draw the demand of KAI. For instance, the predictions platform launched in May 2020 is powered by KAI tokens while fans can gifts their favorite players using KAI via the ON Sports app which is very popular in Vietnam. Through these channels, KardiaChain expect over one million users at the end of the year.
  • KardiaChain plans to roll out a mobile payment channel. They have already started integrating with Vietnam’s largest Telco with plans of launching in other 10 countries. Once fully commercialized, mobile users will be able to purchase KAI tokens from their mobile balance.
  • Their partnership with the Band Protocol was strategic. As the latter offers Oracle services, vetted data from these portals will be used to extend KardiaChain’s smart contracts functionalities. At the same time, they can find use case for ADAPPs as they build on big ecosystem where KAI is used for settlement.
  • For developers, the Kardia Smart Contract Markup Language (KSML) is the ultimate tool enabling them to deploy multi-chain smart contracts in any language. Unlike in Ethereum where they must learn Solidity, developers can only deploy one smart contract which will be translated in various chains.
  • KardiaChain also plans to launch an interoperable decentralized exchange (DEX).

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts


Blockchains leverage on their decentralized and distributed network for full functionality. The first application of this Distributed Ledger Technology (DLT) was Bitcoin. As basic as it is, it has nonetheless demonstrated that working from a publicly verifiable ledger is possible and secure.

It further demonstrated that funds, or electronic money controlled by math, can be minted and fused to the web essentially building a bankless network riding on a web3 framework.

The success of Bitcoin inspired other developers and as Satoshi melted into the interwebs, the concept of smart contracting and Ethereum proved to be a game changer.

Ethereum was the first, improving on the Bitcoin protocol by enabling smart contracts which could function without third parties as long as certain on-chain conditions are met meant the activation of functions thought to be previously impossible.

However, while smart contracts promised so much, the siloed nature of blockchains limited the full potential of this novel tech and dapps that relied on these codes.

This necessitated the launch of trusted oracles platforms. Oracles are channels through which vetted off-chain, real-world data can be used as inputs or conditions for activation of on-chain smart contracts.

Oracles are basically data from verified sources that can be fed to activate smart contracts. In DeFi dapps, these data can be asset prices. In other applications, it can range from speed of say cars for IoT dapps, to temperature fluctuations in weather dapps.

What is the Band Protocol?

The Band Protocol is a decentralized oracle framework for blockchain dapps.

Smart contracts controlling these dapps are fed by off-chain, real-time data curated from a trusted web of data providers backed by strong economic incentives ensuring accurate data.

This eliminates the limitations of dapps since smart contracts are connected to real-world information.

Dapps can connect to any open API, get fed with verified data without connecting via a centralized entity thereby guaranteeing data security, availability, and reliability regardless of the demand of data.

To ensure data availability, on-demand data are updated frequently and kept on the blockchain without compromise. By enforcing strict query requirements, the Band protocol has a high tolerance for collision.

Moreover, data providers are properly incentivized and distributed meaning there is no point of failure since no entity has no authority to by-pass governance and take control.

The Band Protocol is underpinned by the following culture:

  • Community driven in that they allow people to build what they want to. In this spirit, their data providers are perfectly distributed and dapps continue to partner with the protocol.
  • They prioritize decentralization and the team have made it clear that they won’t allow any entity to take control of any iota of data.
  • Their source code is open source stating that great software should be transparent and available for everyone.


Behind the Band Protocol is a team dedicated to build a framework for a decentralized data governance that leverages on decentralization to structure and bridge the blockchain with the real world.

Made up of members with experience at DropBox, TripAdvisor, and others, they have their eyes fixed on the price.

  • Soravis Srinawakoon is the CEO and co-founder. He has been featured in Forbes 30 under 30. He was previously a management consultant with strong technical background in computer science who now lives and breathes crypto.
  • Sorawit Suriyakarn is the CTO and co-founder. He has an M.Eng. /S.B. in EECS from the Massachusetts Institute of Technology with previous gigs at Hudson River Trading, Quora, and Dropbox. He can write all sorts of programs ranging from formal verification (Coq), “smart contracts”, HFT low-level high performance, backend shenanigans, and sometimes frontend.
  • Paul Nattapatsiri is the CPO and a co-founder. He has created several crypto gaming apps with over 800,000 users. He has worked with Tripadvisor and Turfmappx.
  • Other members are Bun Uthaitirat who is the Chief Fun Officer and Developer, Atchanata Klunrit at the Operation and legal office, Kanisorn Thongprapaisaeng and Prin Rangsiruji who are developers.


The Band Protocol has partnered with Sequoia Capital India who led a seed funding drive raising $3 million with participation from Danamu and Partners, and SEAX.

They recently partnered with Atomic Wallet, a non-custodial wallet where users need not to register and sensitive information is controlled by the user.

Commenting, Konstantin Gladych, the CEO and Founder of Atomic Wallet, said:

“The major wave of blockchain for the past couple years has been decentralized financial applications, the next wave will be the security of the underlying protocols and oracles will be a major factor. With Band Protocol being the major oracle solution to enable real-time data requests, Atomic Wallet is confident in their success and are excited to support their mission to connect smart contracts with the real-world.”

Hash Quark one of the largest staking service providers in Asia has also partnered with the Band Protocol.

Others include CastleNode, WeStaking, Forbole, B-Harvest, KardiaChain, and ChorusOne.

Band Tokenomics and Token Distribution

The creators of the Band Protocol opted for an Initial Exchange Offering (IEO) at the Binance Launchpad from September 16 to 17 to supplement their private and seed sale allocations.

Five percent of the total supply was availed to private investors during the private sale where each token was sold at $0.40 while each token was sold for $0.30 at the seed sale where 10 percent of the total supply had been assigned for investment.

Their overall objective was to raise $10.85 million through a crowd funding where 27.37 percent of the total supply of 100 million Band tokens were available for public investment.

During the IEO, each token was sold for $0.473 and the only coin accepted was BNB. The crowd funding was successful as the hard cap of raising $5.85 million was reached within two days.

A pool of 631,800 BAND tokens (worth around 300k) was split and airdropped to all Launchpad participants who didn’t win tickets. In total there were 19,500 tickets and each ticket was allotted $300 or 634.25 Band tokens

In this IEO round, 17.08 percent of the total supply had been set apart for investors.

There was no vesting period and tokens were distributed within 15 days after purchase.

The Band Protocol and its foundation has been allocated 44 percent of the total supply. 25.63 percent to the Band Protocol ecosystem and five percent to Advisors.

By mid-2024, all Band tokens would have been released into their ecosystem as per their token release schedule.

Performance and Exchanges

At the time of press, each token is changing hands at $0.97, down 10 percent in the last trading week.

As such, early adopters who channeled their funds, buying the token during the IEO, Private or seed fund sale have more than doubled their earnings in less than a year.

The token is predominantly traded on Binance where it is paired against BTC, USDT, and BNB. The BAND/BTC pair is actively traded commanding a market share of roughly 42 percent.

Band is also offered at Bilaxy, Bitsonic, DCoin, Kyber Network, UniSwap, and FatBTC.

Short Term Price Catalysts

  • Oracles as an emerging sub-sector within the larger blockchain ecosystem is still nascent and the Band Protocol is well positioned to dominate and be counted as a reliable source of community-vetted data for dapps. DeFi which is heavily reliable on oracles has total value locked (in USD terms) of over $700 million.
  • The team is dedicated and continue to update their community and investors. Soravis Srinawakoon and team are also very experienced. Its CEO has been featured in the Forbes 30 under 30. Investors would benefit from his technical experience, expertise, and wealth building.
  • Listing at Binance, one of the largest cryptocurrency exchange by trading volumes, is a boost for BAND liquidity and therefor price in the medium term.
  • The Band Protocol’s security is guaranteed and this is a net positive for its token price following their partnerships with leading staking companies in Asia including WeStaking and Node A-Team.
  • The team is preparing for the launch of its mainnet. There has been successful penetration and stress tests.  If its transition is smooth, it will build the confidence for more projects—especially those serving in the emerging and lucrative sector, to partner with the Band Protocol. The more the partners, the more the demand and exposure of Band tokens.
  • Atomic Wallet, one of the largest and trusted non-custodial wallet providers with over 300k users and over $20 million of coins staked, announced support that will lead to full integration and staking. This is a show of confidence and is bullish for price in the medium term.

Long Term Price Catalysts

  • In the race for decentralization, scalability, and reliability, the Band Protocol ranks higher. Their plan is to shift to the Cosmos blockchain which advocates for speed, interoperability, and security.
  • Use and adoption is vital for the survival of any blockchain project. With the main competition being Chainlink, Band Protocol’s on-chain activities continue to grow. Use spurs demand and this is bullish in the long-run.
  • The Band Protocol took a different approach and by rolling out a cross-chain compatible oracle solution, the team provides solutions to real-world problems.
  • More and more exchanges support the Band token. Kyber Network and UniSwap are two DEXs where the token has been paired against other liquid assets like BTC, BNB, and USDT. Here, holders have full control of their private keys unlike in CEXs which are prone to attacks.
  • There is a strong economic incentive for data providers to remain honest. Their focus on community and decentralization gives them an advantage and flashes well with their overall objective of building a decentralized oracle infrastructure.
  • The project is supported by leading and prestigious investors like Sequoia. Moreover, they have partnered with influential projects. Castle Node, for example, is backed by StarchainFund which has also backed Coinbase and MakerDAO.
  • Compared to competing options, Band’s smart contracts are optimized for gas usage and are relatively cheaper. A simple query call only consumes less than 30,000 gas. Moreover, these queries are fast and instant as one logic can be processed within one transaction without block confirmation since data is readily available via a delegated Proof-of-Stake consensus algorithm ensuring more integrity.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts