KSM StarterPartners with Kylin Network

Kylin Network is extremely pleased to add yet another DeData ecosystem partner: KSM Starter!

What will we do together?

The Ecosystem Council, an Advisory Board for Future Substrate Projects

The Ecosystem Council is an independent body of KSM Starter that has oversight and voting rights on the initial IDO proposals. Equipped with knowledge and experience, the Ecosystem Council can effectively support or reject the IDO proposals based on product viability, product-market fit, project fundamentals, and other areas. IDO proposals that receive a minimum requirement of 60% supermajority vote of the Ecosystem Council are then forwarded for the community to vote through staking.

However, the Ecosystem Council should not be considered as those who simply vote or reject IDO proposals. The key functionality of the Ecosystem Council is to provide feedback to the rejected IDO proposals so that these projects can further develop and come back to KSM Starter as a stronger candidate, or to provide advisory to the accepted IDO proposals so that these projects may achieve accelerated growth.

Moreover, individual member organisations of the Ecosystem Council are encouraged to provide further aid in development and acceleration of the applicant projects. This allows the KSM Starter IDO application process to be transformational, thus allowing the community to benefit from the direct result of the expertise provided by the member organisations of the Ecosystem Council.

Why are we excited?

In exchange, Kylin Network’s community is eligible for exclusive benefits. With every IDO application that Kylin Network votes in favour of and accelerates, its community can look forward to receiving strategic whitelisting slots with guaranteed allocation. This allows the Kylin community to directly benefit from Kylin Network’s involvement in nurturing future projects on Substrate.

Dylan Dewdney, CEO of Kylin Network:
“We are pleased to be a part of the Ecosystem Council whereby we can help to guide the future and quality of projects entering the ecosystem for its overall benefit!”

Siwon Kim, Co-Founder & Chief Strategy Officer of KSM Starter:
“We are excited and humbled to have Kylin Network join our Ecosystem Council. We believe Kylin Network can serve as the perfect council member organisation to foster some of the most promising projects on Substrate, and we look forward to relying on Kylin Network’s expertise and guidance to add immense value to the Substrate ecosystem”

About Kylin Network

Contact Kylin Network

About KSM Starter

Contact KSM Starter

Building a Cross-chain Platform Powering the Data Economy on Polkadot