Treasury
The KILT Treasury is a store of on-chain funds that are available for creating innovative solutions that benefit the network, contributing to its long-term sustainability.
Any KILT Coin holder can create a proposal and request funds from the Treasury.
Supporting the KILT network
Anyone can create a proposal and request Treasury funds for initiatives that benefit the network, from software or infrastructure development, to outreach and hackathons, or educational content such as videos, blogs and translations.
The Treasury started with around 500,000 KILT in November 2020 when KILT launched as a decentralized network. Around two million newly-minted KILT Coins are added per year for the first five years, as outlined in the KILT Coin Metrics document
nt.Additionally, half of the transaction fees on the KILT network go to the Treasury. This provides enough funding for the chain to be self-sustainable in the long term, including self-funding its parachain slot on Polkadot.
See current proposals and join the discussions on Polkassembly.
Constitution
The Constitution of KILT Protocol was proposed and approved by the KILT community and enacted in January 2023.
It represents the final step to achieve decentralized governance of KILT Protocol.
In December 2022, the Constitution of KILT Protocol was proposed and approved by the KILT community, and enacted in January 2023.
In December 2022, the Constitution of KILT Protocol was proposed and approved by the KILT community, and enacted in January 2023.
This Constitution is a key step to decentralization of the protocol and states in part that:
We, the KILT community, uphold the values of transparency, privacy, collaboration and fairness.
The composition of the KILT bodies should be diverse and represent as many interest groups in the ecosystem as possible.
We believe that the KILT software should be open source and be used in the spirit of the concepts and principles of human rights.
This Constitution shall be in force for any kind of participation in KILT Protocol, and all members of its bodies, holders of KILT Coins, and other participants of the ecosystem shall be bound to it and its goals and values.
Governance
KILT is a decentralized identity blockchain network.
Every KILT Coin holder has a say in how the network is run, with decisions made by the community using a transparent system of on-chain governance.
Decentralization through community governance
A sophisticated system of governance allows KILT to run as a decentralized identity blockchain that can evolve and be self-sustainable, enhancing privacy on the internet for decades to come.
Any KILT Coin holder can submit a proposal, which then goes through a formal, transparent on-chain procedure. A proposal usually ends in a referendum that goes to community vote. KILT Coin holders can also vote on existing proposals and referenda.
Coins that are locked for staking can also be used to vote.
When a referendum on KILT is successful, the upgrade will be enacted by the blockchain after KILT’s enactment period of one day. Upgrades do not require a “fork” in the blockchain, as often found in older blockchain networks like Bitcoin. KILT upgrades can simply be carried out by changing the code on-chain, also known as a runtime upgrade.
Read more in the governance and voting blog posts or in the technical documentation under Participate.
KILT
Coin Utility
KILT is a decentralized identity blockchain network.
Every KILT Coin holder has a say in how the network is run, with decisions made by the community using a transparent system of on-chain governance.
KILT Coins can be locked for voting in on-chain governance. Locking KILT for longer periods enables conviction voting and increases voting power
Deposits encourage users to delete DIDs they no longer need, removing unnecessary data and defending against spamming
Transaction fees are needed for anchoring credentials, DIDs, CTypes, and trust hierarchies on the KILT blockchain
Claimers can pay Attesters for digital revocable credentials
Attesters pay transaction fees to anchor credentials on the KILT blockchain
Rewards facilitate chain maintenance by incentivizing collators, who hold the data of the KILT blockchain, collect transactions and build blocks
Rewards incentivize delegators to back reliable collators with their stake, increasing trust in the system
White Paper
and Token
Economy
The KILT Coin is currently used in three ways: as payment for DIDs and attestation services, for on-chain functions including governance, and for staking.
KILT's original White Paper from May 2019 details the concept and technical implementation of KILT Protocol. In January 2020 the White Paper was updated with new text addressing areas such as the token economy, system architecture and nested claim types (CTypes).
The KILT Coin Metrics paper, published in August 2021, focuses specifically on the token economy, covering areas such as distribution and KILT Coin utility. KILT tokenomics were intentionally designed with low inflation in order to be sustainable in the long term.
Our Leadership
Our leadership team brings together visionary thinkers and experienced professionals dedicated to revolutionizing digital identity. With deep expertise in blockchain, decentralized systems, and global innovation, they are committed to empowering individuals and organizations with secure, decentralized identity solutions.
Ingo Rübe
KILT Founder
Ingo Rübe is founder of KILT Protocol and CEO of BOTLabs GmbH, the initial developer of KILT.
Previously he served as CTO of Hubert Burda Media, where he initiated and headed the Drupal-based CMS Thunder. Earlier he was IT Project Director at Axel Springer.
Ingo and BOTLabs is a founding member of the International Association for Trusted Blockchain Applications (INATBA) and the Decentralized Identity Foundation (DIF). He also served on the Board of Directors of the Drupal Association.
Rishant Kumar
CEO
Rishant has extensive experience working with enterprise technology and blockchain startups. He is currently responsible for regional partnerships that drive the adoption of applications built on KILT.
He previously worked at PricewaterhouseCoopers US as SAP Tech Lead for 7 years. Rishant started his career as an Aircraft Design Engineer and later worked with Caterpillar Inc. and Tech Mahindra.
Svetoslav Boyadzhiev
COO
Svetoslav has been a valued member of Scytale Digital’s Legal & Operations team since 2022. During his time with the firm, he has played a key role in structuring and closing over 20 investments, while also establishing a strong operational foundation for the Scytale Horizon II fund by managing a range of legal and administrative responsibilities.
Svetoslav began his professional journey in 2015 at one of Bulgaria’s leading law firms, specializing in commercial law and litigation. He studied Law at the University St. Kliment Ohridski in Sofia, Bulgaria.
Joe Dillon
CFO
With more than a decade of crypto experience, Joe has proven himself a valued consultant across web3, bringing success to projects and their communities.
Joe serves on the board of a leading crypto hedge fund and has a background in accountancy, following an early career in chemistry research. Based in London, and with professional ties to New York, he maintains close relationships within the finance and tech sectors that these cities are famous for.
Nitish Chachra
Biz DEV
Nitish Chachra is an experienced business development professional with 11+ years of work experience in technology, music, and hospitality.
He has contributed to the launch & growth of various early stage ventures incl. FanTiger, Musifie, Bira91, blueFROG, Namma Music, in the past.
Nitish started his career at Amazon Development Center in 2013. He hold a Bachelor's degree in Engineering from Manipal Institute of Technology.
James Ghost
Head of design
James is a 12-year crypto veteran with over 20 years experience as a UX designer and software engineer, focusing on e-commerce.
Based in the UK, he previously worked as head of design at Integer Software, where he pioneered the standardisation of mobile user experience that is in common use today.
He has spent the past several years consulting for blockchain startups.
For
Enterprise
KILT provides decentralized identities and reusable credentials for people, organizations, and machines.
