Regulated
Austria based and European regulated crypto & securities broker platform
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ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Bitpanda Asset Management GmbH, Bitpanda GmbH |
Relevant legal entity identifier | 9845005X9B7N610K0093, 5493007WZ7IFULIL8G21 |
Name of the crypto-asset | kaia |
Consensus Mechanism | Kaia employs an optimized version of the Istanbul Byzantine Fault Tolerance (IBFT) consensus mechanism, which is a variant of Practical Byzantine Fault Tolerance (PBFT). The process involves the election of a proposer and a committee using a Verifiable Random Function (VRF), followed by block generation by the proposer and subsequent verification and signing by the committee members. |
Incentive Mechanisms and Applicable Fees | Kaia's token economy is designed to create sustainable funding structures for empowering its ecosystem, growth initiatives, and strategic investments. With every new block, newly issued KAIA tokens and the sum of transaction fees used in the block. Transaction fees on the Kaia network are determined by a dynamic gas fee model, which adjusts fees based on network congestion to maintain low costs and protect against spam attacks. A portion of these fees is automatically burned to control token supply and support the token's value. |
Beginning of the period | 2024-09-11 |
End of the period | 2025-09-11 |
Energy consumption | 52560.00000 (kWh/a) |