Red Kite $PKF

Red Kite is a crypto project that is brought to you by PolkaFoundry, a platform designed to foster the development of DeFi dapps within the Polkadot ecosystem. PolkaFoundry lays the foundation for decentralized applications by proving a blockchain that is built on Substrate and is EVM-compatible, along with several UX-enabling features and DeFi-friendly services.

About PolkaFoundry

Since its formation in 2018 by Thi Truong, PolkaFoundry has grown to include a dynamic team of over 20 members spread across several global locations such as Singapore, Vietnam, Japan, Canada, and India. The platform's advisory board includes influential figures like DuckDAO leaders, Garlam Won who is the marketing force behind Harmony, Mantra DAO, Kylin, and Lester Lim, the founder of X21 Digital.

PolkaFoundry's Support and Funding

PolkaFoundry has been successful in raising $1.9M in a Private Sale Round, which was backed by several renowned ventures like DuckDAO, Signum Capital, Master Ventures, AU21 Capital, BlockDream Fund, Magnus Capital, X21 Digital, Rarestone Capital, PNYX Ventures, and others.

What Makes PolkaFoundry Stand Out?

The distinguishing features of PolkaFoundry include its utilization of the Substrate framework's interoperability and scalability and the rapidly expanding Polkadot ecosystem. As an EVM compatible platform, PolkaFoundry can seamlessly migrate DeFi dapps from Ethereum. Crucially, it offers DeFi-friendly services and built-in UX-enabling features, which allows developers to create a frictionless user experience. This ultimately allows dapps to reach ordinary people outside the crypto community, a vital factor in achieving mass adoption of blockchain technology.

The Tokenomics of PolkaFoundry (PKF) Tokens

The native token of PolkaFoundry is the PKF token, which has a total supply of 200,000,000. Created as an Ethereum's ERC-20 token, PKF token holders will be able to swap their ERC-20 PKF token for the native PKF coin at a 1:1 rate when the PolkaFoundry blockchain launches the mainnet in the future. The utility of the PKF token extends to