Specs

Kimbo's L1 blockchain leverages the robust and flexible architecture provided by the Avalanche L1 framework, setting the stage for a powerful and efficient decentralized network. L1 blockchains, or Layer 1 blockchains, are the foundational networks that handle the core functions of validating and finalizing transactions directly on the chain.

Unlike Layer 2 solutions that rely on another network to process transactions, L1 blockchains operate independently, ensuring greater security and trust in the network's consensus mechanisms.

The role of the $KIMBO token At the core of Kimbo's L1 is the $KIMBO token, which serves as the native gas token for the network. This means that all transactions, smart contract executions, and other operations on Kimbo L1 will require $KIMBO as a fee.

$KIMBO contract address: 0x184ff13B3EBCB25Be44e860163A5D8391Dd568c1 (Snowscan)

This integration of $KIMBO as the gas token enhances the utility of the token, providing a direct incentive for holding and using $KIMBO within the ecosystem. As the network grows and more projects are built on Kimbo L1, the demand for $KIMBO is expected to increase, further solidifying its importance in the wider blockchain landscape.