PANews reported on January 25 that the re-staking network Karak Network Foundation launched the token KAR. KAR will become the basic asset in the Karak ecosystem together with BTC and other currencies, providing stability and trust for the economy of professional layer 1 blockchain networks. In addition, KAR will provide support for the Karak Network Stack (KNS) to achieve seamless deployment and operation of dedicated layer 1 blockchain networks. KAR promotes seamless interaction between different specialized layer 1 blockchain networks, enabling frictionless cross-border transactions and promoting global economic diplomacy.

Earlier news , the re-staking network Karak Network announced on the X platform that the Karak Foundation has been established today. The foundation is an independent non-profit foundation dedicated to the decentralization, adoption and security of the Karak network.