Spinning real-world assets into Kusama
1. Altair Main Point
Altair is built using Substrate, and will have nearly the same codebase as Centrifuge Chain (just like Kusama is to Polkadot!). It is an experimental network for users who want to test the bounds of asset financing. From art NFTs to undiscovered assets — Altair enables users to tokenize their most experimental assets and finance them. It is the next step for anyone looking to unlock financing for their assets.
2. Why Kusama, Why Canary Network?
Kusama is an experimental development environment for teams who want to move fast and innovate, and to prepare for deployment on Polkadot. Kusama provides much faster and daring parameters — which will allow for rapid progress and growth on Altair.
3. AIR: The Altair Network Token
The AIR token is the native token of Altair. With basic functionality delegated to Kusama, the AIR token has no limits — it can become more than a traditional network token.
The AIR token powers Altair with the utility to:
Govern the development of Altair
Pay for transaction fees
Secure the chain
4. AIR Distribution
At genesis, the Altair network will take a snapshot of the balances on Centrifuge chain to distribute AIR tokens to CFG token holders, 1 AIR : 1 CFG. The token supply will be 425 million at launch.
A percentage of all transaction fees will be burned. Long-term, this burning mechanism will serve to stabilize the token supply.
AIR tokens will be minted over time to incentivize chain security: through rewards to crowdloan participants on Kusama as well as to collators and nominators on Altair. Tokens are also minted and rewarded to Tinlake participants in order to incentivize adoption.
5. Centrifuge & Altair Team
Centrifuge & Altair team built multiple companies together over the last 18 years. Together, they created software that transacts billions of dollars each day and is used by 97 out of the Fortune 100. With the help of their world-class investors, advisors, partners, and team they started Centrifuge to go on building real software, solving real business problems.