klay.cash Trusted Setup Cereony

The Trusted Setup Ceremony plays a crucial role in the Klay Cash protocol, ensuring its security and reliability.

During the ceremony, the participation of many individuals collaborates to define the protocol's initial parameters. These values hold immense significance, as their proper generation and protection are vital to maintaining the protocol's security.

The main objective of the Trusted Setup Ceremony is to encourage widespread participation, enabling the secure creation of these critical parameters. This collective effort significantly enhances the overall security of the protocol, acting as a deterrent against any potential malicious activities by individual developers or organizations.

Our goals

Through the active contributions of many users, the security of the klay.cash protocol will be strengthened.

  1. The contribution process is designed in a way that is as simple and enjoyable as possible so users can participate interactively.

  2. The first 1000 people who share their contributions on their social media accounts will be given NFTs with future rewards.

(Benefits for NFT holders will be announced in the future.)

Mechanisms to engage user.

Call-to-action button

Interactive particles reflecting the number of participants in real time

Participant list

Promoting Participation: NFT Rewards

Goal: To encourage users to share their participation on social media platforms.

we reward participants with NFTs as incentives.

Secondly, I implemented a popup as the second mechanism to encourage users who initially participated anonymously to log in again through their social accounts. This helps to promote engagement and social sharing.

Firstly, I placed badges on the buttons where users choose their participation method to prompt actions and guide their decisions.

Designing a box-shaped NFT that sparks curiosity and intrigue. NFT holders will receive benefits in the future.

Prevent users from leaving during loading

③ Explicitly communicate loading state

① Progress Indicators

Use visual elements such as loading bars or progress indicators to show the ongoing process to the user.

② Informative Messages:

Offer relevant information, useful tips, or interesting facts to keep the user entertained and engaged during the loading time.

Use messages such as "Loading..." or "Please wait..." to inform the user that the loading is in progress and advise them not to close the window until the task is completed.

klay.cash Trusted Setup Ceremony - Prototype

Achievement

In August 2022, klay.cash initiated the Trusted Setup Ceremony. The ceremony surpassed 1,000 contributions within 53 hours and concluded successfully with a total of 1,364 contributions secured.

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