What is Karat (KAT)?

What Is KaratDAO?

KaratDAO is a crypto native engine in Web3 designed to restructure the way data is managed and shared across both Web2 and Web3 platforms. At its core, KaratDAO introduces a bilateral service data marketplace where users are not just passive entities but can actively control and monetize their data across various platforms. Through the decentralized data identity protocol called the Karat Network, the platform allows users to fully own, control, and manage their personal data.

KaratDAO is not just about decentralization, but also about giving users the tools and platform they need to harness the benefits of a secure data trading ecosystem. Moreover, its vision extends beyond individual users, as it promotes the creation and growth of decentralized applications (dApps) based on its identity protocol, broadening the horizon of what's possible in the Web3 sphere. The project was founded in 2022.

Resources

Official Documents: https://docs.karatdao.com/

Official Website: https://karatdao.com/

How Does KaratDAO Work?

KaratDAO has four main products. Beginning with the Karat Network, it acts as the foundation, enabling users to sculpt and oversee their digital identities. The Karat Form, a subsequent layer, amplifies this by managing wallet addresses, offering analytical insights, grouping users, and supervising campaigns. The wallet dashboard acts as a wellspring of data, providing users with valuable, tailored insights. And for those looking to incentivize their communities or attract potential participants, the airdrop launchpad stands ready to expedite token or NFT distributions.

Through weaving these products into one cohesive fabric, KaratDAO promises a unique value proposition, sculpting a comprehensive decentralized realm wherein digital assets, particularly identity and data, flourish in a controlled, user-centric environment.

What is KAT Token?

KAT is the native token of KaratDAO. KAT has a total supply of 2,000,000,000. The current circulating supply of KAT is unknown.

What Determines KaratDAO's Price?

The valuation of KaratDAO (KAT) is a mirror of multifaceted elements, synergizing the pulse of the cryptocurrency market and the viewpoints of blockchain enthusiasts and investors. The flux in cryptocurrency prices, KaratDAO included, hinges chiefly on supply and demand dynamics, market sentiment, and the inflow of blockchain news.

When the crypto space buzzes with favorable news about KaratDAO or sees supportive cryptocurrency analysis from blockchain experts and influencers, it propels a surge in demand, nudging the price upwards. In contrast, unfavorable reports or analytical critiques trigger a slump in demand, leading to a price dip. Beyond sentiment and news, KaratDAO’s price is also swayed by overarching crypto trends and the general landscape of the blockchain market, encapsulating market volatility, regulatory frameworks, and mainstream adoption. Cryptocurrency charts and blockchain market analyses are pivotal for price prediction, guiding both novices and seasoned players in making enlightened decisions on crypto acquisition on prime exchanges like Bitget. These tools also assist in pinpointing the optimal crypto investments for 2023 and beyond.