Konomi Partners With Polkalokr To Expand Upon Protocol Functionality
We are thrilled to announce that Konomi is teaming up with Polkalokr, the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. This partnership will open doors for various opportunities empowering both platforms to come up with the best solutions for all our network users.
Polkalokr provides multi-chain token distribution into the hands of network participants, thereby establishing trust and simplicity for complex token ecosystems.
Polkalokr believes that getting rid of the complexities and tokenomics will make DeFi a more mainstream offering. With this approach, they’re making trustless, succinct, customizable, automated token distribution mechanisms available to make the user experience better and to simplify decentralized finance.
Polkalokr focuses on putting the user first. They strive to build an immersive, omnichannel digital platform with an emphasis on a seamless and easy-to-use user experience. Their goal is to provide practical and efficient solutions for token issues that are feasible and self-sustaining.
Konomi is a cross-chain crypto asset management protocol that uses the full suite of asset management capabilities, which helps users keep track of their cryptocurrencies and perform trades. Konomi believes that DeFi 2.0’s evolution could serve to expand the blockchain ecosystem by luring in and attracting new users who are drawn to other ecosystem projects. We are paving the way for upcoming changes while also fulfilling user demands by first launching financial applications for the Polkadot ecosystem assets.
Konomi and Polkalokr Network Partnership
This partnership allows us to use Polkalokr’s smart contracts to distribute its vested tokens and assist Polkalokr during their closed beta test. The token generation and distribution algorithm developed by Polkalokr will help our asset management solution operate smoothly and better serve users.
Polkalokr, on the other hand, will utilize Konomi’s asset management solutions to search for new sources of revenue, while simultaneously investigating the use of their existing technology for the monetization of locked tokens.
“We are excited to be collaborating with Polkalokr as it will give us access to new features that will ultimately give our platform participants a more secure, entirely automated token distribution experience on the Konomi platform. We are also happy to be providing the Polkalokr team with more options with which to explore locked token monetisation.” — Ariel Ho, Konomi CEO
“This collaboration will allow both parties to expand upon protocol functionality; this joint initiative will benefit our users greatly and help Polkalokr explore more avenues of smarter token management to further advance our highly customisable escrow platform.” — Imran Ashfaq, Polkalokr CEO
Polkalokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Its products, LOKR and SWAPR, help build trust within the Defi space by removing the human element and focusing on governance through code, with a seamless, omni-channel digital experience platform.
About Konomi Network
Konomi is a decentralized money market protocol built using Polkadot’s Substrate. Konomi is working to provide active money markets across the entirety of the Polkadot ecosystem, as well as expand and integrate into cross-chain networks. By introducing a fluid market for cross-chain crypto assets, Konomi hopes to provide an overall better user experience that is accessible regardless of the native network the end user prefers.
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