Red Kite 


What is Red Kite?

Red Kite stands as a premier launchpad under the PolkaFoundry ecosystem, now known as Firebird, offering investors the opportunity to engage in pre-sales of meticulously curated Web3 ventures.


As an integral component of the PolkaFoundry realm, Red Kite now adopts the platform's native $PKF token for utility purposes. Investors can leverage $PKF tokens to access pools on Red Kite, facilitating their participation in secure and credible token sale events featuring select projects within the crypto sphere.


What Sets Red Kite Apart?

Red Kite Launchpad champions equity among all participants through a lane-based swapping system, an integrated vesting schedule, a tier-ranking system based on reputation points, and comprehensive multi-chain support. In response to recent market dynamics, Red Kite aims to emerge as a pioneering Smart Launchpad, poised to deliver robust and innovative solutions bolstered by AI technologies.


In line with the announcement of an independent growth strategy, Red Kite envisions a phased expansion of its ecosystem, encompassing the establishment of DAO models and the incorporation of distinctive features aimed at enhancing utilities for $PKF holders.


Meet the Team Behind Red Kite

Originating from PolkaFoundry, a hub for DeFi and NFT applications on Polkadot established in 2018 and rebranded as Firebird in October 2022, Red Kite operates under the auspices of Icetea Labs. As Asia’s premier Web3 incubator and powerhouse specializing in Web3 development, game discovery, and user engagement, Icetea Labs empowers Red Kite with access to an exceptional ecosystem, complemented by technical advisors, thought leaders, accelerator programs, and more.


Independent Growth Strategies for Red Kite and Firebird

On March 1st, 2023, Red Kite and Firebird jointly announced their commitment to pursuing growth strategies tailored to their unique objectives. Consequently, ownership of $PKF tokens will be vested with Red Kite, marking a pivotal transition for both entities. Further insights on this development can be found here.


Red Kite Token Economics


Token Name: PKF token

Token Symbol: PKF

Total Supply: 200,000,000

The PKF token operates as Ethereum's ERC-20 token. Upon the launch of Firebird blockchain's mainnet, ERC-20 PKF token holders will have the opportunity to exchange their tokens for native PKF coins at a 1:1 ratio.


Token Utility

Staking for participation in Red Kite Launchpad pools.


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