Money made for the real world

THE KOWALA PROTOCOL IS A DUAL-TOKEN BLOCKCHAIN AND PAYMENTS PLATFORM THAT IS BLAZINGLY FAST AND LETS YOU MINT YOUR OWN STABLECOIN

mUSD IS A MINING TOKEN THAT GIVES YOU THE RIGHT TO MINT kUSD

A DUAL-TOKEN BLOCKCHAIN

THE KOWALA PROTOCOL IS A DUAL-TOKEN BLOCKCHAIN AND PAYMENTS PLATFORM THAT CONSISTS OF MINING TOKENS AND STABLE-VALUE PAYMENT TOKENS

Our flagship dual-token blockchain targets $1 USD

mUSD is the mining token for Kowala's kUSD blockchain. mUSD owners earn block rewards in the form of newly minted kUSD for their mining efforts.

Learn more about mUSD

kUSD is the stable-value payment token for Kowala's kUSD blockchain. The total number of kUSD expands and contracts depending on real-time market conditions.

Learn more about kUSD

1 kUSD TARGETS THE VALUE OF $1 USD

kUSD is a digital currency designed to target a stable value equal to $1 USD

New kUSD are minted automatically by the blockchain to satisfy market demand. The total number of kUSD coins is not pre-set, but is constantly and automatically adjusted by the blockchain. The number of kUSD can grow into the millions, billions, and beyond to satisfy market demand for kUSD. All newly minted kUSD are distributed to miners.

At launch kUSD will be available on the following exchanges

kUSD will also be available to consumers and 2.3 million merchants in 180+ countries with

ABOVE $1 AND RISING

When the weighted average price of kUSD is above 1 USD, the blockchain will increase the amount of kUSD minted each block.

BELOW $1 AND FALLING

When the weighted average price of kUSD is below 1 USD and falling, transaction fees are increased and burned by being sent to a dead-end address.

Mint your own money with mUSD

In order to mine kUSD, you have to own mUSD. As a proof-of-stake protocol, mining kUSD has important advantages over legacy blockchains

  • User Friendly Mining

    You don't need to be a blockchain nerd to mine kUSD. In fact, you don't even need your own computer. You can mine in the cloud. Kowala makes it easy for you to set up your mUSD to mine and begin reaping block rewards.

  • Energy Efficient

    Traditional mining is a competitive business where the winner takes all. Konsensus, Kowala's implementation of Tendermint, however, ingeniously orchestrates consensus more rapidly, with less energy use and higher transaction throughput.

  • No special hardware required

    Unlike most other cryptocurrencies, you don't need a volcano-powered, snow-cooled supercomputer to mine kUSD. You can use your laptop, or even a cheap server in the cloud.


MINTING kUSD

Kowala will create a total of 1,073,741,824 mUSD tokens. mUSD holders can earn newly minted kUSD created by the blockchain as the demand for kUSD increases. In addition, mUSD holders can also earn the transaction fees included in a mined block.

kUSD IS READY FOR REAL WORLD PAYMENTS WITH NEAR INSTANT TRANSACTIONS

The kUSD blockchain is ~1,000x faster than Bitcoin and ~280x faster than Ethereum

The consensus protocol of Kowala, Konsensus, is a formal set of rules that allows a decentralized group of participants to agree on the advancement of the blockchain, including the handling of transactions and the distribution of incentivizing rewards.

Konsensus is derived from Tendermint, a mostly asynchronous consensus protocol which is itself based on Byzantine Fault Tolerance (BFT). We chose to base our work on Tendermint because it has achieved block transaction performance that is far superior to other widely used blockchain consensus protocols and because it has a well-understood security profile.

We've partnered with some of the best

Let's work together to build better money

The Underbanked

kUSD provides a secure, stable technologies to facilitate international remittances and cross-border payments like never before.

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Investors

Park your assets in kUSD as a stable alternative to fiat currencies during periods of volatility. Enter and exit cryptocurrency trades with less delay and cost. Stay in crypto and skip the hassle.

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Arbitrageurs

kUSD stability algorithms react to market data and raise or lower money supply. Profit by getting ahead of these mechanisms and trading kUSD around its peg.

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Retailers

kUSD has practically zero transaction fees and eliminates volatility risk during transactions. Transactions settle immediately within one second. No chargebacks.

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mUSD Owners

Mine kUSD with low energy and hardware costs. Reap continual block rewards as the market cap of kUSD grows in the marketplace.

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Entrepreneurs

Create and launch the blockchain business of your dreams. With stable kUSD and its lightening fast blockchain, your creations can now blossom. What world-changing business will you build?

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WATCH OUR CEO EILAND GLOVER DISCUSS THE ECONOMICS OF STABILITY

Eiland Glover discusses stability, timelines and applications in his keynote at the 2018 Beyond Blocks Summit in Tokyo
Eiland Glover talks about stability in the growing cryptocurrency and blockchain industries in his keynote at Token 2049 in Hong Kong

The initial draft of The Kowala Protocol White Paper is written and reviewed internally.

A comprehensive agent-based model is created to test and validate the basic mechanisms of the Kowala Protocol.

The Kowala Protocol White Paper v1 is released.

Konsensus, Kowala's Tendermint style consensus mechanism is released on Kowala's kUSD TestNet (Ovum Release).

Oracle smart contract features are released on Kowala's kUSD TestNet (Zygote Release).

mUSD delivery mechanisms will be released on Kowala's kUSD MainNet (Andromeda Release).

Live price reporting from exchanges and wallet app will be released on Kowala's kUSD MainNet (Boötes Release).

Native Android wallet will be released.

Sending and requesting of funds via social media