What is Klondike Finance (KLON) | What is Klondike Finance token | What is KLON token

In the past several years we’ve witnessed the Cambrian explosion of various synthetic assets on blockchain (first of all, stablecoins):

Despite the difficulties that algorithmic stablecoins faced recently, we believe that stabilization by monetary means is the future. Therefore, we are launching a platform for the creation of synthetic assets, which works on the mechanism of algorithmic price stabilization.

Our first product is synthetic BTC, in the future we plan to add other synthetic assets (XMR, LTC, DOR, etc.). Unlike DIGG (which is based on AMPL model) our approach is less volatile. .

Current synthetic protocols disadvantages

Custodial stablecoins and synthetics go against decentralized philosophy you need to trust someone who keeps USD in a bank account.
The CDP model proved its reliability, however it has scalability issues — similarly with currencies pegged by value to the gold and foreign currencies reserve
Algorithmic stablecoins are deprived of this disadvantage. Stability of the exchange rate is ensured by monetary policy implemented in smart contracts. However, the first experiments showed that stabilization by purely monetary methods is possible, but does not have the necessary sustainability

Despite this, we believe that algorithmic stablecoins are the future and therefore we are launching our experiment.

Our approach, how we differ

Our goal — optimization of stabilization mechanisms implemented by Basis Cash.

According to the model, it is possible to achieve the $1 target value of the token by implementing a mechanism for controlling the money supply by buying or selling bonds.

However, the rapid growth of the money supply caused by active liquidity mining leads to an imbalance in the system: the growth of the bond market volume does not keep pace with the growth of the money supply. When the price deviates down from the peg — the required number of arbitrageurs ready to buy the bonds is not found.

Liquidity mining turns out to be a tool that gives adoption to a new token, but it also plunges it into a “resource curse” that destroys the price stabilization mechanism.

In the real sector we will see similar examples in resource economies (for example, oil exporting countries): in the event of an increase in the price of oil, these economies receive huge profits. However, these profits do not lead to economic growth, but, on the contrary, destroy domestic non-resource sectors of the economy and lead to inflation and devaluation of the domestic currency. The economy cannot utilize “extra money”. Nevertheless, a way out of this has long been found — the creation of a stabilization fund that stores “petrodollars”, preventing them from accelerating inflation and which can be spent in case of crises (Norway’s oil fund, reserve fund in Saudi Arabia, UAE, Russia etc.).

We propose to implement such a structure — a stabilization fund, which absorbs assets at the time of active growth of the money supply at the time of active farming phase and which can further use these assets to maintain the exchange rate at the time of contraction after the end of farming.

Stabilization fund design

Stabilization fund is a smart contract with 2 functions:

Selling the base asset for the underlying asset and storing this asset
Selling the underlying asset for base asset

Stabilization fund is limited by these 2 functions and can’t perform any other actions.

Stabilization mechanism

Peg > 1 BTC (XMR, LTC, DOT etc.)

During the farming period — additional tokens are issued, which balances the price, the funds are stored in the stabilization fund
After farming period — additional issuance is distributed among holders depending on their share

Peg < 1 BTC (XMR, LTC, DOT etc.)

Bonds issuance
If the bond mechanism does not cover the gap, a stabilization fund is used

Stabilization fund will make the system more sustainable in comparison with other projects by reducing the effect of post-farming dumping.

Summary of the first rebases

In this post, we want to summarise the first rebase and our conclusions.

It should be said that we consider Klondike as a long-term project. Therefore everything that is happening now is extremely important — the calibration of the system will directly affect the stability during scaling. As an example, let’s look at our “primary source” — Basis.Cash and its numerous forks ( Mithril etc.): the very first rebases caused a huge increase in the supply and which let to the inability to keep the peg. We decided to move in a fundamentally different way — progressively, gradually, step by step.

And now one of the most important stages is preparing for scaling. So let’s take a quick tour of the first rebase:

1. The price was somewhere around 2.2 by 5:00 pm UTC 2 Feb.

2. Further users began rapidly withdrawing the liquidity from the kBTC <> wBTC pool and sell kBTC.

3. This caused the kBTC price to collapse to 0.992 wBTC per kBTC

4. 20 minutes before the rebase, someone bought kBTC for wBTC and the price became higher than the peg (1.3 wBTC per kBTC)

5. At 9:00 PM the oracle was updated — the price was 1.18

6. 0.92kBTC was minted — 49% went to the Stabilization Fund, 49% to the Boardroom, 2% to the Development Fund

We added a Development Fund in the same way as in Basis Cash. The Development Fund now simply accumulates a 2% of the emission and in the future can be used for various expenses associated with the development of the protocol: hiring developers, paying for audits, for gas etc.

7. The Stabilization Fund, as expected, started selling kBTC for wBTC and gained 0.52wBTC:

https://etherscan.io/tx/0x6692a5f023803740c7b16b11aed77ed8859064d3f3bc9bfaa435eef0ce1401ed

https://etherscan.io/tx/0x8786bf424bf5a1359f3177fb4823242fdea3118993d3bac63a9bbd06cf79a1a3

https://etherscan.io/tx/0x1da263ab98b3b19bda67f65ae9223abad3b7ebfbc2b16f72f36d18ac52fc8d54

8. The price dropped to 1.05 and then the farmers started buying kBTC and raised the price.

The second rebase went quite smooth: the issue was 1.36 kBTC, the stabilization fund sold the received part of the mint and accumulated 1.33 wBTC. Users are convinced that the protocol copes with its task — after the rebase, additional liquidity came to the kBTC <> wBTC pool and the price of kBTC rose at its peak to 1.4 wBTC.

So what conclusions can we make?

First and foremost, we believe that the Stabilization Fund has shown its worth as a means of keeping the peg. Also, now the project accumulates additional funds to maintain the price in the event of peg drop. Currently, the stabilization fund is 3.56 wBTC, which is 33% of the supply (10.51 kBTC). This is much lower than the 150% collateralization in DAI and 86% in Frax. We believe that at this early stage, we should increase the collateralization rate to 50–60% to ensure that kBTC users retain the peg, so we decided to increase the share of the issue, which is now directed to the Stabilization fund from 49% to 68%.

The second important update is that now there is a fairly high emission of KLON in the wBTC / kBTC pools, which is why farmers buy out kBTC from the pool to provide liquidity. This leads to an increase in the price of kBTC (currently the price of kBTC = 1.7 wBTC). To provide the most stable peg, we will reduce the KLON emission in the wBTC/ kBTC pool from today’s 6250/day to 1250 KLON/day. This will still allow to get quite good four-digit APY in the pool, but with less speculation, which is also good for the long-term success of the project.

Algorithmic monetary policy FTW! Let’s make it take the rightful place in the Crypto World!

Launch Guide

The bootstrap phase is there to get the early community involved, distribute supply in a more fair way, and kickstart the liquidity — which is the most important feature of any synthetics protocol. During that period the supply of kBTC goes from 2 to 5, and the supply of KLON goes from 0 to 34,675 KLON. Anybody can join.

How to get kBTC:

kBTC supply starts with 2 kBTC in total. If you didn’t get it, there is no issue. You simply acquire some kBTC from the kBTC-WBTC Uniswap pair after at least one of the testers supplies it to the Uniswap pool.
There are also 3 pools with no impermanent loss: WBTC, renBTC, and bDIGG which you can deposit into and get your share of the 1 kBTC in each of the pools distributed per block over the bootstrap period of 5 days. This is to get a more fair distribution of kBTC and allow others to participate.

How to get KLON:

KLON starts with 0 supply and is only available for mining in the kBTC-WBTC pair or the KLON-WBTC pair. Awarded per block up until the governance decides to circumvent these rewards once the protocol reaches the next stage of stability and trust in the DeFi community. The rates of farming are as follows:

KLON <> WBTC: 684.9315/day
WBTC <> KBTC: 6250/day, decreases 75% every 30 days.

Discussion on the reduction rate in Discord.

Past the bootstrap stage after 5 days, the rebase mechanism starts and the stabilization fund kicks in. This is where the sauce is, read about this below.

Distribution

2kBTC among 100 wallets of testers and early DeFi degens who help kickstart liquidity. It’s a nominally tiny amount, simply to get the pools seeded with liquidity.
In the first 5 days, the supply of kBTC will go to 5 kBTC maximum.
KLON supply starts from 0 and goes to 34,675 in these 5 days.

Any supply fluctuation beyond the bootstrap phase is part of the complex math with rebasing and the stabilization fund. In short, if the price of kBTC stays reasonably above 1:1 kBTC to BTC, then KLON holders will mine more kBTC as well. Read more below.

Three token model

If you are familiar with Basis Cash, you are basically in the know of everything with one exception of the stabilization fund. The model has three tokens, but in our case, more:

Seigniorage share: $KLON — starts with 0 supply. It’s a volatile token, the heart of the system basically. The governance rights grantee. After the bootstrap phase, when the rebasing system comes into play, holders of KLON receive synthetic assets when rebases are positive. The more synthetic assets we add, the more potentially you can BRRRR. It’s a “one seigniorage to rule them all” scenario.
K tokens: those are split in two — the bond token and the synthetic asset. Since we start with Bitcoin, it’s kBTC and kBOND. If we do YFI, it’s kYFI and kYOND or something like that (we can decide on this later). These two are directly related to the peg stabilization and liquidity, working on stabilizing the 1:1 peg from either side with incentives.

Read more into the design and the stabilization fund here:

How to participate

Get kBTC either of the ways:

Deposit WBTC, renBTC or bDIGG into one of the three no-IL pools
Buy kBTC from Uniswap (contract not yet deployed)

2. Supply liquidity to kBTC-WBTC and stake in the UI. This farms KLON.

3. Supply liquidity to KLON-WBTC and stake in the UI. This farms more KLON.

Contracts, admin functions and DAO

Never trust anon devs!

To make sure you don’t need to trust us, we are not reserving any crucial admin functions which give us access to the treasury or anything of that sort*. Here are the contracts for you to verify and go through. Please make sure to fact check us!

KBTC ( 0xE6C3502997f97F9BDe34CB165fBce191065E068f)
Kbond ( 0xA8c2af8c403704a31F32F0aa70a43e63aFcd54d0)
Klon ( 0xB97D5cF2864FB0D08b34a484FF48d5492B2324A0)

Coingecko:

*The stabilization fund kicks in only after 5 days, so any issues spotted can be patched right away. There is a time-lock on the functions. Again, if you spot any weird things, send them in Discord or on Twitter. We will fix it with full transparency.

Responsible Disclosure No1

The amazing 0xdev0 and vfat pointed out the issue related to the trader of the stability fund. We have addressed this point and will update it well before the bootstrap period ends. Please find the response here.

No-IL farming contracts have been taken from Basis Cash, essentially the same Synethtix contracts which have been used throughout 2020. We can’t change the reward rate, we can’t take money out of there. The issue with possibly locking the funds permanently as pointed out (here) is also being addressed. See on telegram as well.

Everything is essentially on a 2-day timelock, which we would also want to migrate to the signatory participants in the coming weeks. And we want to delegate the treasury to the DAO as soon as possible to have community control the most vital functions!

Stabilization Fund:

We have to note here that for now we will be clicking the buttons for stabilization, however, we can’t do much else or access the funds. We will be looking to delegate this to the DAO as soon as possible or integrate with KP3R. Ideas are welcome!

**Treasury: ** https://etherscan.io/address/0x3249A682779fe2C3dd3B37D3A7347aaFe06D49DA#readContract
**Operator: ** https://etherscan.io/address/0x2c5ba02bb750a24af83105bed28734e0e22933df#code
**Owner: ** https://etherscan.io/address/0x2c5ba02bb750a24af83105bed28734e0e22933df#code

Source : https://www.youtube.com/watch?v=nGmcIlz7_3A

Would you like to earn TOKEN right now! ☞ CLICK HERE

How and Where to Buy Klondike Finance (KLON)?

KLON has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy KLON

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since KLON is an altcoin we need to transfer our coins to an exchange that KLON can be traded. Below is a list of exchanges that offers to trade KLON in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase KLON from the exchange: Uniswap (V2), and 1inch Exchange

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once KLON gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information KLON

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

I hope this post will help you. If you liked this, please sharing it with others. Thank you!

#bitcoin #crypto #klondike finance #klon

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What is Klondike Finance (KLON) | What is Klondike Finance token | What is KLON token

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What is Klondike Finance (KLON) | What is Klondike Finance token | What is KLON token

In the past several years we’ve witnessed the Cambrian explosion of various synthetic assets on blockchain (first of all, stablecoins):

Despite the difficulties that algorithmic stablecoins faced recently, we believe that stabilization by monetary means is the future. Therefore, we are launching a platform for the creation of synthetic assets, which works on the mechanism of algorithmic price stabilization.

Our first product is synthetic BTC, in the future we plan to add other synthetic assets (XMR, LTC, DOR, etc.). Unlike DIGG (which is based on AMPL model) our approach is less volatile. .

Current synthetic protocols disadvantages

Custodial stablecoins and synthetics go against decentralized philosophy you need to trust someone who keeps USD in a bank account.
The CDP model proved its reliability, however it has scalability issues — similarly with currencies pegged by value to the gold and foreign currencies reserve
Algorithmic stablecoins are deprived of this disadvantage. Stability of the exchange rate is ensured by monetary policy implemented in smart contracts. However, the first experiments showed that stabilization by purely monetary methods is possible, but does not have the necessary sustainability

Despite this, we believe that algorithmic stablecoins are the future and therefore we are launching our experiment.

Our approach, how we differ

Our goal — optimization of stabilization mechanisms implemented by Basis Cash.

According to the model, it is possible to achieve the $1 target value of the token by implementing a mechanism for controlling the money supply by buying or selling bonds.

However, the rapid growth of the money supply caused by active liquidity mining leads to an imbalance in the system: the growth of the bond market volume does not keep pace with the growth of the money supply. When the price deviates down from the peg — the required number of arbitrageurs ready to buy the bonds is not found.

Liquidity mining turns out to be a tool that gives adoption to a new token, but it also plunges it into a “resource curse” that destroys the price stabilization mechanism.

In the real sector we will see similar examples in resource economies (for example, oil exporting countries): in the event of an increase in the price of oil, these economies receive huge profits. However, these profits do not lead to economic growth, but, on the contrary, destroy domestic non-resource sectors of the economy and lead to inflation and devaluation of the domestic currency. The economy cannot utilize “extra money”. Nevertheless, a way out of this has long been found — the creation of a stabilization fund that stores “petrodollars”, preventing them from accelerating inflation and which can be spent in case of crises (Norway’s oil fund, reserve fund in Saudi Arabia, UAE, Russia etc.).

We propose to implement such a structure — a stabilization fund, which absorbs assets at the time of active growth of the money supply at the time of active farming phase and which can further use these assets to maintain the exchange rate at the time of contraction after the end of farming.

Stabilization fund design

Stabilization fund is a smart contract with 2 functions:

Selling the base asset for the underlying asset and storing this asset
Selling the underlying asset for base asset

Stabilization fund is limited by these 2 functions and can’t perform any other actions.

Stabilization mechanism

Peg > 1 BTC (XMR, LTC, DOT etc.)

During the farming period — additional tokens are issued, which balances the price, the funds are stored in the stabilization fund
After farming period — additional issuance is distributed among holders depending on their share

Peg < 1 BTC (XMR, LTC, DOT etc.)

Bonds issuance
If the bond mechanism does not cover the gap, a stabilization fund is used

Stabilization fund will make the system more sustainable in comparison with other projects by reducing the effect of post-farming dumping.

Summary of the first rebases

In this post, we want to summarise the first rebase and our conclusions.

It should be said that we consider Klondike as a long-term project. Therefore everything that is happening now is extremely important — the calibration of the system will directly affect the stability during scaling. As an example, let’s look at our “primary source” — Basis.Cash and its numerous forks ( Mithril etc.): the very first rebases caused a huge increase in the supply and which let to the inability to keep the peg. We decided to move in a fundamentally different way — progressively, gradually, step by step.

And now one of the most important stages is preparing for scaling. So let’s take a quick tour of the first rebase:

1. The price was somewhere around 2.2 by 5:00 pm UTC 2 Feb.

2. Further users began rapidly withdrawing the liquidity from the kBTC <> wBTC pool and sell kBTC.

3. This caused the kBTC price to collapse to 0.992 wBTC per kBTC

4. 20 minutes before the rebase, someone bought kBTC for wBTC and the price became higher than the peg (1.3 wBTC per kBTC)

5. At 9:00 PM the oracle was updated — the price was 1.18

6. 0.92kBTC was minted — 49% went to the Stabilization Fund, 49% to the Boardroom, 2% to the Development Fund

We added a Development Fund in the same way as in Basis Cash. The Development Fund now simply accumulates a 2% of the emission and in the future can be used for various expenses associated with the development of the protocol: hiring developers, paying for audits, for gas etc.

7. The Stabilization Fund, as expected, started selling kBTC for wBTC and gained 0.52wBTC:

https://etherscan.io/tx/0x6692a5f023803740c7b16b11aed77ed8859064d3f3bc9bfaa435eef0ce1401ed

https://etherscan.io/tx/0x8786bf424bf5a1359f3177fb4823242fdea3118993d3bac63a9bbd06cf79a1a3

https://etherscan.io/tx/0x1da263ab98b3b19bda67f65ae9223abad3b7ebfbc2b16f72f36d18ac52fc8d54

8. The price dropped to 1.05 and then the farmers started buying kBTC and raised the price.

The second rebase went quite smooth: the issue was 1.36 kBTC, the stabilization fund sold the received part of the mint and accumulated 1.33 wBTC. Users are convinced that the protocol copes with its task — after the rebase, additional liquidity came to the kBTC <> wBTC pool and the price of kBTC rose at its peak to 1.4 wBTC.

So what conclusions can we make?

First and foremost, we believe that the Stabilization Fund has shown its worth as a means of keeping the peg. Also, now the project accumulates additional funds to maintain the price in the event of peg drop. Currently, the stabilization fund is 3.56 wBTC, which is 33% of the supply (10.51 kBTC). This is much lower than the 150% collateralization in DAI and 86% in Frax. We believe that at this early stage, we should increase the collateralization rate to 50–60% to ensure that kBTC users retain the peg, so we decided to increase the share of the issue, which is now directed to the Stabilization fund from 49% to 68%.

The second important update is that now there is a fairly high emission of KLON in the wBTC / kBTC pools, which is why farmers buy out kBTC from the pool to provide liquidity. This leads to an increase in the price of kBTC (currently the price of kBTC = 1.7 wBTC). To provide the most stable peg, we will reduce the KLON emission in the wBTC/ kBTC pool from today’s 6250/day to 1250 KLON/day. This will still allow to get quite good four-digit APY in the pool, but with less speculation, which is also good for the long-term success of the project.

Algorithmic monetary policy FTW! Let’s make it take the rightful place in the Crypto World!

Launch Guide

The bootstrap phase is there to get the early community involved, distribute supply in a more fair way, and kickstart the liquidity — which is the most important feature of any synthetics protocol. During that period the supply of kBTC goes from 2 to 5, and the supply of KLON goes from 0 to 34,675 KLON. Anybody can join.

How to get kBTC:

kBTC supply starts with 2 kBTC in total. If you didn’t get it, there is no issue. You simply acquire some kBTC from the kBTC-WBTC Uniswap pair after at least one of the testers supplies it to the Uniswap pool.
There are also 3 pools with no impermanent loss: WBTC, renBTC, and bDIGG which you can deposit into and get your share of the 1 kBTC in each of the pools distributed per block over the bootstrap period of 5 days. This is to get a more fair distribution of kBTC and allow others to participate.

How to get KLON:

KLON starts with 0 supply and is only available for mining in the kBTC-WBTC pair or the KLON-WBTC pair. Awarded per block up until the governance decides to circumvent these rewards once the protocol reaches the next stage of stability and trust in the DeFi community. The rates of farming are as follows:

KLON <> WBTC: 684.9315/day
WBTC <> KBTC: 6250/day, decreases 75% every 30 days.

Discussion on the reduction rate in Discord.

Past the bootstrap stage after 5 days, the rebase mechanism starts and the stabilization fund kicks in. This is where the sauce is, read about this below.

Distribution

2kBTC among 100 wallets of testers and early DeFi degens who help kickstart liquidity. It’s a nominally tiny amount, simply to get the pools seeded with liquidity.
In the first 5 days, the supply of kBTC will go to 5 kBTC maximum.
KLON supply starts from 0 and goes to 34,675 in these 5 days.

Any supply fluctuation beyond the bootstrap phase is part of the complex math with rebasing and the stabilization fund. In short, if the price of kBTC stays reasonably above 1:1 kBTC to BTC, then KLON holders will mine more kBTC as well. Read more below.

Three token model

If you are familiar with Basis Cash, you are basically in the know of everything with one exception of the stabilization fund. The model has three tokens, but in our case, more:

Seigniorage share: $KLON — starts with 0 supply. It’s a volatile token, the heart of the system basically. The governance rights grantee. After the bootstrap phase, when the rebasing system comes into play, holders of KLON receive synthetic assets when rebases are positive. The more synthetic assets we add, the more potentially you can BRRRR. It’s a “one seigniorage to rule them all” scenario.
K tokens: those are split in two — the bond token and the synthetic asset. Since we start with Bitcoin, it’s kBTC and kBOND. If we do YFI, it’s kYFI and kYOND or something like that (we can decide on this later). These two are directly related to the peg stabilization and liquidity, working on stabilizing the 1:1 peg from either side with incentives.

Read more into the design and the stabilization fund here:

How to participate

Get kBTC either of the ways:

Deposit WBTC, renBTC or bDIGG into one of the three no-IL pools
Buy kBTC from Uniswap (contract not yet deployed)

2. Supply liquidity to kBTC-WBTC and stake in the UI. This farms KLON.

3. Supply liquidity to KLON-WBTC and stake in the UI. This farms more KLON.

Contracts, admin functions and DAO

Never trust anon devs!

To make sure you don’t need to trust us, we are not reserving any crucial admin functions which give us access to the treasury or anything of that sort*. Here are the contracts for you to verify and go through. Please make sure to fact check us!

KBTC ( 0xE6C3502997f97F9BDe34CB165fBce191065E068f)
Kbond ( 0xA8c2af8c403704a31F32F0aa70a43e63aFcd54d0)
Klon ( 0xB97D5cF2864FB0D08b34a484FF48d5492B2324A0)

Coingecko:

*The stabilization fund kicks in only after 5 days, so any issues spotted can be patched right away. There is a time-lock on the functions. Again, if you spot any weird things, send them in Discord or on Twitter. We will fix it with full transparency.

Responsible Disclosure No1

The amazing 0xdev0 and vfat pointed out the issue related to the trader of the stability fund. We have addressed this point and will update it well before the bootstrap period ends. Please find the response here.

No-IL farming contracts have been taken from Basis Cash, essentially the same Synethtix contracts which have been used throughout 2020. We can’t change the reward rate, we can’t take money out of there. The issue with possibly locking the funds permanently as pointed out (here) is also being addressed. See on telegram as well.

Everything is essentially on a 2-day timelock, which we would also want to migrate to the signatory participants in the coming weeks. And we want to delegate the treasury to the DAO as soon as possible to have community control the most vital functions!

Stabilization Fund:

We have to note here that for now we will be clicking the buttons for stabilization, however, we can’t do much else or access the funds. We will be looking to delegate this to the DAO as soon as possible or integrate with KP3R. Ideas are welcome!

**Treasury: ** https://etherscan.io/address/0x3249A682779fe2C3dd3B37D3A7347aaFe06D49DA#readContract
**Operator: ** https://etherscan.io/address/0x2c5ba02bb750a24af83105bed28734e0e22933df#code
**Owner: ** https://etherscan.io/address/0x2c5ba02bb750a24af83105bed28734e0e22933df#code

Source : https://www.youtube.com/watch?v=nGmcIlz7_3A

Would you like to earn TOKEN right now! ☞ CLICK HERE

How and Where to Buy Klondike Finance (KLON)?

KLON has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy KLON

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since KLON is an altcoin we need to transfer our coins to an exchange that KLON can be traded. Below is a list of exchanges that offers to trade KLON in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase KLON from the exchange: Uniswap (V2), and 1inch Exchange

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once KLON gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com

Find more information KLON

☞ Website ☞ Explorer ☞ Explorer 2 ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap

🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds

Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

I hope this post will help you. If you liked this, please sharing it with others. Thank you!

#bitcoin #crypto #klondike finance #klon

Angelina roda

1624219980

How to Buy NFT Art Finance Token - The EASIEST METHOD! DO NOT MISS!!! JUST IN 4 MINUTES

NFT Art Finance is currently one of the most popular cryptocurrencies right now on the market, so in today’s video, I will be showing you guys how to easily buy NFT Art Finance on your phone using the Trust Wallet application.
📺 The video in this post was made by More LimSanity
The origin of the article: https://www.youtube.com/watch?v=sKE6Pc_w1IE
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #nft art finance token #token #buy nft art finance #how to buy nft art finance token - the easiest method!

David mr

1624312800

SPORE FINANCE PREDICTION - WHAT IS SPORE FINANCE & SPORE FINANCE ANALYSIS - SPORE FINANCE

In this video, I talk about spore finance coin and give my spore finance prediction. I talk about the latest spore finance analysis & spore finance crypto coin that recently has been hit pretty hard in the last 24 hours. I go over what is spore finance and how many holders are on this new crypto coin spore finance.
📺 The video in this post was made by Josh’s Finance
The origin of the article: https://www.youtube.com/watch?v=qbPQvdxCtEI
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #spore finance #what is spore finance #spore finance prediction - what is spore finance & spore finance analysis - spore finance #spore finance prediction

Royce Reinger

1658068560

WordsCounted: A Ruby Natural Language Processor

WordsCounted

We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Features

Out of the box, get the following data from any string or readable file, or URL:
- Token count and unique token count
- Token densities, frequencies, and lengths
- Char count and average chars per token
- The longest tokens and their lengths
- The most frequent tokens and their frequencies.
A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

A space-delimited string. The filter will normalise the string.
A regular expression.
A lambda.
A symbol that names a predicate method. For example :odd?.
An array of any combination of the above.

tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Are you using WordsCounted to do something interesting? Please tell me about it.

RubyDoc documentation.

Demo

Visit this website for one example of what you can do with WordsCounted.

Contributors

See contributors.

Contributing

Fork it
Create your feature branch (git checkout -b my-new-feature)
Commit your changes (git commit -am 'Add some feature')
Push to the branch (git push origin my-new-feature)
Create new Pull Request

Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted
License: MIT license

#ruby #nlp

Mohammed Richards

1659601560

Words Counted: A Ruby Natural Language Processor.

WordsCounted

We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Are you using WordsCounted to do something interesting? Please tell me about it.

Demo

Visit this website for one example of what you can do with WordsCounted.

Features

Out of the box, get the following data from any string or readable file, or URL:
- Token count and unique token count
- Token densities, frequencies, and lengths
- Char count and average chars per token
- The longest tokens and their lengths
- The most frequent tokens and their frequencies.
A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

A space-delimited string. The filter will normalise the string.
A regular expression.
A lambda.
A symbol that names a predicate method. For example :odd?.
An array of any combination of the above.

tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Contributors

See contributors.

Contributing

Fork it
Create your feature branch (git checkout -b my-new-feature)
Commit your changes (git commit -am 'Add some feature')
Push to the branch (git push origin my-new-feature)
Create new Pull Request

Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license

#ruby #ruby-on-rails