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info_docs_depin/docs/depin_specs/emerging_depin_projects/kyve.md
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Kyve Detailed information about Kyve 3

Kyve

Overview

Kyve is a decentralized data storage and validation network that allows users to store and validate data in a secure and efficient manner. It leverages blockchain technology to create a more reliable data storage solution.

Key Features

  • Currency: KYVE (Kyve Token)
  • Buying Currency: Available on exchanges like KuCoin and Gate.io.
  • Utility:
    • Used for network transactions and incentivizing data storage and validation.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate data storage and validation processes.
  • Utility in the Project:
    • Users can earn KYVE by storing and validating data.
    • Validators can stake KYVE to secure the network and earn rewards.
  • API: Yes, Kyve provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily store and validate data and earn KYVE tokens.

How It Works

  1. Step 1: Users upload their data to the Kyve network.
  2. Step 2: The network validates the data and stores it securely.
  3. Step 3: Users earn KYVE tokens based on the amount of data stored and validated.

Staking

  • Staking Requirements: Minimum of 10,000 KYVE tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

Documentation

For detailed documentation, visit Kyve Docs.

Additional Resources