Sakura is a platform created for cross-chain Defi in Kusama. In this article, as Kriptokoin.com, “What is Sakura?” We will answer the question. In addition, we will touch on other questions about the project.
What is Sakura? What does it do?
Sakura is a substrate-based parachain created for the cross-chain DeFi ecosystem in Kusama. The Clover Finance team envisions Sakura living as Clover’s innovative sister network and continuing to serve both Clover and Sakura’s communities simultaneously.
In addition, Sakura is able to use the entire core technology stack that Clover has created and is constantly innovating. The Clover extension wallet will natively support Sakura dApps in the EVM, polkadot.js based injections, and a locally created SKU<->ETH and SKU<->BSC bridge. The unreliable cross-chain bridge for Ethereum and Bitcoin can be used on both Sakura and Clover. Sakura ultimately aims to be a parachain Operating System with a storage layer, smart contract layer, DeFi protocol layer and eApp layer built on top of Kusama.
What is SKU coin?
SKU coin is Sakura’s native token. Sakura originally contains two types of tokens: Sakura (SKU) and OWL. SKU coin are ERC20 tokens that the team sold during their ICO. Additionally, there are 10 million SKU tokens in total.
How does Sakura work?
Sakura is expanding its on-chain governance module to enable more on-chain activities, including disabling fraudulent smart contracts through governance voting. It also ensures that fraudulent activity can be reduced in a decentralized manner. Also, smart contract upgradability combined with on-chain governance will open a whole new way to DAO management.
EVM compatible
Using familiar development environments and tools, developers can deploy dApps on a high-performance, scalable and future-proof platform.
Fee sharing mechanism
Some of the on-chain transaction fees are shared with smart contract distributors to incentivize and reward developers.
Cross-chain compatibility
Multidimensional cross-chain functionality allows users to securely replace any EVM asset with a native Sakura asset and further bridge the Kusama/Polkadot ecosystem.
What is Sakura? How to get SKU coin?
Sakura is currently traded on numerous cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where Sakura is traded are listed as follows: KuCoin, Huobi Global, Gate.io, Hotcoin Global. Users who want to invest in the project should open an account on one of these exchanges.
