Red KitePKF
$0.208
Market/Exchange
PKF Price Prediction and Price Movement
PKF is up 273.87 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of PKF can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, PKF has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on PKF's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Red Kite Price Chart
About Red Kite
PolkaFoundry was rebranded as Firebird
On October 10, 2022, PolkaFoundry was officially rebranded as Firebird to focus on developing an optimized chain designed specifically for Web3 games and metaverse.
Find more details about this rebranding HERE.
What is Firebird?
Firebird is a game-specialized chain that allows developers to build scalable and frictionless Web3 Games and Metaverse without compromising security.
Being a stand-alone chain built with Cosmos SDK and designed specifically for Web3 games and metaverse, Firebird focuses on blockchain performance to boost users’ gaming experience. With Firebird, we aim to create an efficient chain that enables fast and low-cost transactions, facilitating easy trading for in-game assets.
What makes Firebird unique?
Firebird provides dynamic features to become powerful in blockchain gaming:
- Performance: execute a huge number of transactions per second and guarantee immediate transaction finality at a near-zero fee.
- UX enabling features: enhance user experience and simplify Web3 interaction processes with top-notch utilities: signing key, flexible payer, and assets inheritance.
- EVM compatibility: enables straightforward migration from Ethereum and BSC, reuse of an abundance of toolchains, including MetaMask, Remix, Hardhat, etc.
- Layer 2: solve scalability problems by adopting Firebird's Layer 2 solutions for lower transaction fees, higher speed, and more security.
- Compliance: provide an anti-cheat mechanism and security detection to prevent players from hacking or cheating and protect game fairness.
Who is behind Firebird?
PolkaFoundry, a one-stop production hub for DeFi and NFT apps on Polkadot, was established in 2018 and rebranded as Firebird in October, 2022. Luong San, the co-founder of Icetea Labs and the lead engineer of PolkaFoundry is currently the CEO of Firebird.
Firebird is strongly powered by Icetea Labs, a leading Web 3.0 gaming and metaverse incubator in SEA. As a result, Firebird is able to take advantage of the Icetea ecosystem's outstanding features while also receiving assistance from technical advisors, influential people, accelerator programs, and other sources.
Firebird token economics
- Token name: PKF token
- Token Symbol: PKF
- Total Supply: 200,000,000
PKF token is Ethereum's ERC-20 token. In the future, when Firebird blockchain launches the mainnet, PKF token holders can swap ERC-20 PKF token for native PKF coin at the rate of 1 for 1.
Token Utility
- Payment for transaction fees (computation & storage).
- Staking for validators to earn a share of block rewards.
- Staking to participate in the on-chain governance process and earn rewards for voting on proposals.
Check out our deep dive of Firebird