KILT’s expansion to Ethereum, enabled by Project Polar Path, ensures secure and trustless token switches
Berlin, Germany – 10th October 2024 – KILT, a blockchain identity protocol for generating self-sovereign, decentralized identifiers (DIDs) and Verifiable Credentials (VCs), today announces the launch of the KILT token on Ethereum. This pivotal development signifies KILT's expansion beyond the Polkadot ecosystem and opens the door to a new era of flexibility and exposure for KILT tokens.
With KILT now accessible on Ethereum, it taps into the largest decentralized finance (DeFi) ecosystem, allowing holders to engage with a wide array of DeFi products. This expansion is a step forward in enhancing KILT's visibility among developers and users to enable greater adoption within the crypto community.
“Engagement with our community has revealed a strong interest in expanding into other ecosystems,” said Ingo Rübe, Founder and CEO of KILT. “We are committed to making the KILT token accessible across a broader range of platforms, providing our users with greater flexibility and exciting new opportunities.”
Through Project Polar Path, built by the KILT Core Team, KILT token holders can now switch their assets to Ethereum. The development brings substantial opportunities for both KILT and other Polkadot parachain projects, which can now use Polar Path to also make their tokens available on Ethereum. Thanks to Snowbridge’s architecture, Project Polar Path ensures that every token switch remains secure and trustless, allowing users to switch assets between networks without compromising security. The initiative features a user-friendly interface developed by the Galani Projects team, which includes a new tab for the switch pair functionality within the Snowbridge application.
Rish Kumar, Head of Growth for KILT, said:
“Venturing into Ethereum is just the beginning of our vision for multi-chain integration. We are actively exploring additional blockchain networks to enhance our ecosystem and offer even more options for our community. We encourage everyone to join us on this journey and discover the potential of KILT!”
For more information, visit: KILT.io.
Ingo Rübe, Founder and CEO of KILT, is available for interviews.
About KILT
KILT is an identity blockchain for generating decentralized identifiers (DIDs) and Verifiable Credentials, providing secure, practical identity solutions for enterprises, governments, and consumers. KILT brings the traditional process of trust in real-world credentials (passport, driver’s license) to the digital world, while keeping data private and in possession of its owner.