Sakura

Sakura

SKU
$0.001625686%74.68

Key Metrics

Price$0.001625686
Real Volume (24H)$1,917.39
Marketcap$86,161.33
Fully Diluted Valuation$10,382,050
ATH$0.881216
ATH Date8/19/2021, 1:25:04 PM
ATL$0.0100784
ATL Date12/30/2022, 3:20:59 PM
Circulating Supply159M
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank3706
Chart
What is Sakura?

Sakura (SKU) stands as a Kusama parachain, serving as the canary network of Clover, an operating system parachain built on the Polkadot network. Parachains are custom blockchains integrated within larger blockchain networks, designed to cater to specific project requirements.

Clover, the parent network of Sakura, is dedicated to providing a comprehensive and user-friendly blockchain infrastructure. By reducing the threshold and cost for developers, Clover empowers them while ensuring substantial returns. The ecosystem consists of three interconnected networks: parachain, mainnet, and testnet.

At the core of Sakura is the SKU token, a cross-chain compatible token that facilitates seamless integration between the EVM-based Sakura address and the Kusama-based Clover address. This two-way peg bridge technology enables the utilization of both chains, expanding the possibilities for users.

One of Sakura's primary goals is to implement the "feeconomics" design from Clover, enabling users to enjoy gasless transactions. Gasless transactions eliminate the need for users to hold SKU tokens in their wallets when transacting on the Sakura network. Instead, any token can be used, offering flexibility and convenience. In contrast, gas fees are payments made by users to compensate for the computational energy required to validate and process transactions on a blockchain.

Moreover, Sakura is actively developing a dynamic fee schedule that will be proposed through on-chain governance. This mechanism ensures that the gas fees on the Sakura network are proportional to the amount of usage by a particular wallet. This approach promotes fairness and efficiency, aligning with the platform's commitment to user-centric solutions.

The SKU token possesses various use cases within the Sakura ecosystem:

  1. Opt-in Fees: Gas fees can be paid either in SKU tokens or with the native network token1, CLV (Clover).

  2. Governance: Users can lock SKU tokens to participate in the election of council members and contribute to the development of Sakura through on-chain governance.

  3. Validation: Validators can stake SKU tokens to validate the network and maintain the infrastructure that ensures its security and reliability.

  4. Treasury: The Sakura treasury serves as a funding source for projects within the ecosystem, supporting innovation and growth.

  5. Nomination: Through a simple one-click deployment, users can stake SKU tokens to nominate a node validator, contributing to the network's stability and decentralization.

  6. Deployment: Sakura enables developers to deploy smart contracts and decentralized applications (DApps) on its platform, opening up a world of possibilities for innovation and creativity.

In conclusion, Sakura (SKU) emerges as a powerful force in the realm of cross-chain interoperability and gasless transactions. As a Kusama parachain and the canary network of Clover, Sakura leverages the benefits of both chains to create a seamless user experience. By utilizing the SKU token and embracing innovative fee structures, Sakura is on a mission to empower developers and users, fostering a thriving ecosystem of decentralized applications and blockchain solutions.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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