Kana Labs｜Provides next-generation smart wallets and Web3 middleware toolkits

Kana Labs is a UK-based blockchain startup aiming to revolutionize the digital finance landscape by providing next-generation smart wallets and a Web3 middleware toolkit. In July 2024, they secured $2 million in seed funding, which they plan to use to enhance their product, expand their user base, and establish an international presence in the Asia-Pacific region.

Kana Labs' Strengths

Kana Labs' greatest strength lies in the development of its smart wallet based on account abstraction. This wallet simplifies user onboarding and improves the overall user experience. Furthermore, Kana Labs provides a Web3 middleware toolkit, bridging the gap between traditional finance and decentralized finance (DeFi). This toolkit integrates liquidity across multiple blockchain networks, enabling a more seamless transition to Web3.

Another strength of Kana Labs is its multi-chain ecosystem supporting 16 different chains. This allows them to cater to a wide range of users and applications, including popular chains such as Solana, Ethereum, and Binance Smart Chain. Compared to similar projects, Kana Labs has built strong partnerships in the Asian market, with growth particularly expected in South Korea and Japan.

Kana Labs' vision is to improve transaction efficiency in the DeFi and GameFi markets and provide an environment where users can smoothly transition to Web3. To achieve this vision, they are focusing on the latest product development, user acquisition strategies, and expansion in the Asian market.

Kana Labs raised $2 million in their Seed round in November 2023 from investors including Gate.io and Marblex.

Kana Labs is conducting a limited airdrop campaign for early and loyal users. This campaign will run from August 20th to September 20th, 2024, and a total of 3.5 million Kana tokens and 5000 APT tokens will be distributed as rewards.

Referral Program

Kana Labs' referral program allows users to refer new users and receive 50% of the transaction fees as a commission in USDC. IBs and KOLs can earn enhanced commissions ranging from 60% to 80%, and also receive rewards from their sub-referrals' transactions. Referrers also earn referral points, which can be exchanged for NFTs, Kana tokens, and gas-free transactions. Points are multiplied by up to 5x depending on the number of users referred.

Airdrop Eligibility

Users who have conducted transactions on the Kana Labs platform during the campaign period are eligible for the airdrop. Transactions on DeFi products such as Swap and Tradebook are particularly targeted, and points are awarded based on the transaction amount. Points are accrued at a rate of 1 point per $1 on Swap and 0.5 points per $1 on Tradebook.

This airdrop is also part of Kana Labs' newly introduced rewards program. In addition to earning tokens, a reward point boost of 1.1x to a maximum of 5x will be applied depending on the number of points earned. This means that users with higher trading volumes will earn more points.

Airdrop Rewards

Kana Tokens: 3.5 million Kana tokens will be allocated to users based on the points earned at the end of Season 1. These Kana tokens will be available after the TGE (Token Generation Event) in exchange for user points.

APT Tokens: A total of 5000 APT tokens will be distributed to users after the end of Season 1.

Furthermore, earned points can be used for NFTs, gas-free transactions, early access rights, and participation in special campaigns and events.

Airdrop Details

Summary of Steps

1. Connect your wallet on the official website
2. Swap
3. Trade
4. Refer friends

Detailed Steps with Images

1. Connect your wallet on the official website

2. Swap

3. Trade

4. Refer friends