What is Kontos?

In the rapid development of blockchain and Web3, the optimization of cross-chain operations and user experience has always been the focus of the industry. The traditional blockchain ecosystem faces many challenges, such as complex asset management, cumbersome cross-chain operations, and high transaction fees. To address these issues, Zecrey Labs has launched Kontos, a chain abstraction infrastructure based on zk technology (zero-knowledge proof) and enhanced by AI. Gavin, the core developer of Zecrey Labs, explained that the reason for the name "Kontos" is that Kontos is derived from the German language and means "account". In many languages, it also has the meaning of "ledger" or "account", and Zecrey Labs chose this name as the project name because it wanted to build a common account management infrastructure.

Kontos's core purpose is to simplify the interaction between users and the blockchain through highly abstracted design, reducing the threshold for users to enter the Web3 world. Through these innovative technologies, Kontos provides users with a more convenient and secure decentralized experience, and makes cross-chain operations easier.

Zecrey Labs, as a team dedicated to blockchain technology research and innovation, aims to drive a decentralized future through technological innovation, and Kontos is a concrete manifestation of this vision. Kontos not only frees users from the tedious steps of traditional blockchain operations but also achieves gas-free transactions and keyless security, further enhancing user engagement and trust.

Image: Kontos Wallet Interface

The core functions and innovations of Kontos

Kontos's success is closely related to its unique core functionality, which is as follows

Account Abstraction

In traditional blockchain applications, users usually need to manage multiple wallets and private keys. Although this method is secure, it is too complicated for ordinary users. Kontos simplifies this process through account abstraction technology. Users no longer need to worry about managing wallets and private keys, but can manage all assets through a unified account. This design significantly reduces the threshold for using blockchain applications and greatly improves the user experience.

Asset abstraction

Asset abstraction is a revolutionary feature of the Kontos platform. Through asset abstraction, users can operate without considering the type of assets. Whether it's ETH, BTC, various NFTs, or stablecoins, Kontos will automatically handle the conversion and interaction between different assets for users. Users only need to focus on the transaction content, without manually specifying the asset type, greatly enhancing the convenience of cross-chain asset management.

Chain abstraction

Cross-chain interaction has always been a challenge in blockchain technology. There are many differences between different blockchain networks, and how to efficiently realize cross-chain transfer of assets and information is a challenge faced by many decentralized applications. Through chain abstraction technology, Kontos breaks down the barriers between different blockchain networks, allowing users to freely interact on different blockchains without worrying about technical compatibility issues. Whether users are using Ethereum, Polkadot, Cosmos or other blockchains, Kontos can provide a consistent operating experience.

Behavioral Abstraction

In addition to the abstraction of accounts, assets, and chains, Kontos also optimizes users' operational experience through behavioral abstraction. On the Kontos platform, users do not need to manually operate complex smart contracts, as the system will automatically execute corresponding operations based on the users' needs. This not only makes the operation more intuitive and concise, but also reduces the risk and error probability of smart contract operations.

User Experience

1. New user management private key and chain RPC issues: based on hardware (phone, computer or browser built-in TEE chip) solutions, the private key is stored in the device, and users only need to remember the phone and six-digit password, and there is a social recovery mechanism (optional), users can replace the public key on new devices through social recovery, balancing security and convenience.
2. Simplified fiat-to-DApp interaction: Through integrated services like AlchemyPay, users can directly purchase on-chain stablecoins (such as USDT) with Visa or MasterCard.

Security features

1. Transaction Security Reminder: Integrate four to five information platforms, collect on-chain data, dynamically update with self-collected data and security audit platform, and provide users with real-time transaction reminders and warnings, especially focusing on price fluctuations and important events.
2. Broker role and functions: Similar to the "middleman" in the Uber model, responsible for user behavior pricing and transaction execution, currently the platform has permission control, opening three broker roles, and in the future, it will develop towards decentralization, realizing a permissionless broker model. Brokers face technical challenges in pricing execution (such as cross-chain proof transmission) and market issues (such as MEV bot front-running, price attacks), but the overall process is secure and verifiable. In the future, it will optimize transaction speed and fees, explore competition and cooperation mechanisms between brokers, and related economic models.

Introduction to KOS Token

The total supply of KOS tokens is 1 billion, of which 13.937% (approximately 139,370,000 tokens) will be released during the Token Generation Event (TGE). The specific allocation of tokens is as follows:

1. Ecosystem/Community/Mining: accounts for 53.63%. These tokens will start unlocking 6 months after the Token Generation Event (TGE) and will unlock every quarter for 48 months.
2. Strategic Round Backers: 10.00%. These tokens will start to unlock one year after TGE, with 36 months of quarterly unlocks.
3. Angel Round Backers: 7.75% share. These tokens will begin unlocking after TGE, with 15-month unlock intervals.
4. Seed Round Backers: 5.37%. This portion of tokens will start unlocking after TGE, with 18 months unlocking every quarter.
5. Airdrop: 5.00% share. Airdrop is divided into two phases, with 3% in the first phase and 2% in the second phase. 100% unlocked after TGE.
6. Team: 5.00%. These tokens will start unlocking 1 year after TGE, with a total of 36 months of quarterly unlocking.
7. Marketing (营销): accounts for 3.00% of the total. 100% unlocked after TGE.
8. Project Development（项目开发）: 2.00% share. 100% unlocked after TGE.
9. Liquidity Reserve: 2.00% share. 100% unlocked after TGE.
10. Advisors (Consultants): 3.75% of the total. These tokens will begin to unlock 6 months after TGE, with a total unlocking period of 18 months, unlocking quarterly.

Source: Official Twitter Release (Click to view original text)

How does Kontos change the Web3 ecosystem

Kontos' innovative features and design are gradually changing the user experience and technical architecture in the Web3 ecosystem. By providing gas-free transactions and a more secure way of operation without keys, Kontos greatly reduces the barriers for users to use blockchain technology.

• Simplified cross-chain operations and asset management: In traditional blockchain systems, cross-chain operations often require complex bridging protocols or intermediary platforms. However, Kontos simplifies this process through chain abstraction and asset abstraction, making cross-chain asset management as simple as operating assets on a single chain.
• Providing gas-free transactions reduces user thresholds: By removing the gas fees of traditional blockchains, Kontos not only reduces transaction costs but also allows more users to participate in the Web3 ecosystem, especially novice users who are sensitive to transaction fees.
• The future of high security and keyless operation: Kontos' keyless operation design significantly enhances user experience while ensuring security. Users no longer need to worry about the loss or leakage of private keys, as the system protects user assets through advanced encryption technology.

Future Outlook and Potential of Kontos

With the continuous development of blockchain technology, Kontos has the potential to become a leader in the next generation of blockchain infrastructure. The possibility of abstract account concept becoming mainstream blockchain accounts will continue to grow. In the future, Kontos will not only be compatible with more blockchains, but may also have a profound impact in decentralized finance, NFT markets and other fields.

Summary

The launch of Kontos marks an important innovation in user experience and cross-chain interaction in blockchain technology. With the support of zk technology and AI, Kontos not only simplifies the use of blockchain, but also paves the way for the popularization of the Web3 world.

KOS is a token for blockchain infrastructure. Its price briefly surged from around $0.1 to $0.3 on December 21, 2024, from 0:00 to 3:00 (GMT+8), and then fell from the high point to the current level of around $0.05 in about 10 days. Investors should be aware of the risks and trade rationally.

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