A PROOF OF COVERAGE
LORAWAN CRYPTO NETWORK
Earn the Crankk Token on the Kadena Network by operating a LoraWan Gateway node,
contributing to the backbone of the Crankk Distributed Network
CRANKK IS A NETWORK OF LORA GATEWAY NODES REGULATED BY KADENA’S LAYER 1 PACT SMART CONTRACTS
Built on Kadena
Enabling integration of real-world events into Smart contracts and Blockchain technology. Crankk's goal is to build and operate a LoRaWAN network providing coverage for IoT devices, such as smart meters, GPS trackers, etc.
Crankk is also the name of the token facilitating the Crankk network ecosystem. Node operators earn tokens by participating in the network and periodically proving their existing coverage area. Crankk is a distributed network built on Kadena's Proof of Work Network, greatly enhancing the existing ecosystem's utility into IoT applications while building on it's proven reliability, speed and resiliency.
Built on proven resiliency
Kadena is a true Layer 1 PoW distributed network leading in speed, security and reliability.
Crankk builds on all of these features while greatly enhancing its utility.
Proving LoRaWAN
Coverage
Crankk LoRaWAN gateway nodes are based on the Raspberry Pi coupled with a LoRaWAN gateway module. The Crankk wallet runs on the Raspberry Pi, communicates with the LoRaWAN network as well as the Kadena blockchain.
The blockchain, in the form of Kadena Pact Smart Contracts, orchestrates the PoC checks. It determines and checks regularity, directs the radio module to send a ping when appropriate, reports to the blockchain when a radio ping is received.
Kadena Pact Smart Contracts
Crankk makes it a reality for Smart Contracts to learn about and react to real-world events.
Elevating them from ledgers or voting machines to true living entities with agency.
Growing global network
Proof of coverage checks
23312
Miners online
132
Crankk token distributed
69653.46
CRANKK TOKENOMICS WAS DESIGNED TO ENSURE FAIRNESS FIRST AND FOREMOST AS WELL AS TO REWARD EARLY ADOPTERS WITH HIGHER INCENTIVES
Tokenomics
Kadena's specialty is that it has 20 chains. Total Crankk Token supply is 10M per chain. 200M in total. Initial supply is virtually zero. There will be no de facto sale of Crankk Tokens. The only way to accumulate Crankk is to earn it.
80% of the tokens is allocated for the miners. The project will take just 8% of tokens to ensure and finance continued development of the network. A new chain will be opened after every 7,500 active gateway nodes to give new joiners a new opportunity to be among the early adopters or if average miner ROI goes above 6 months. Tokens will be distributed evenly over 20 years.
CRANKK TOKENOMICS WAS DESIGNED TO ENSURE FAIRNESS FIRST AND FOREMOST AS WELL AS TO REWARD EARLY ADOPTERS WITH HIGHER INCENTIVES
Tokenomics
Kadena's specialty is that it has 20 chains. Total Crankk Token supply is 10M per chain. 200M in total. Initial supply is virtually zero. There will be no de facto sale of Crankk Tokens. The only way to accumulate Crankk is to earn it.
80% of the tokens is allocated for the miners. The project will take just 8% of tokens to ensure and finance continued development of the network. A new chain will be opened after every 7,500 active gateway nodes to give new joiners a new opportunity to be among the early adopters or if average miner ROI goes above 6 months. Tokens will be distributed evenly over 20 years.
Easy to participate
The Crankk Token is being distributed / awarded based on network participation and work done for the network. Since the underlying protocol is already secured by a PoW network, participation in Crankk does not require further investing in specialized hardware or building up high stakes with high balances.
The earlier you join the more you earn. Raspberry Pi based nodes run the Crankk wallet with moderate to low hardware requirements with a web browser based user interface.
Earn the Crankk Token
Network gateway node operators earn the Crankk Token for their continuous and maintained contribution to providing LoRaWAN network coverage.
Consensus results and participant incentives are determined and regulated by Kadena Pact Smart Contracts safeguarding against manipulation while maintaining accuracy and fairness.
NORTH AMERICA – EUROPE – AUSTRALIA
Provide coverage and start mining
$499
Crankk is a distributed network built on Kadena's Proof of Work Network, greatly enhancing the existing ecosystem's utility into IoT applications while building on it's proven reliability, speed and resiliency.
Development Activity
Working on enhancements to Proof-of-Coverage contracts, Rapberry Pi client, Raspberry Pi initial configuration
Team
members
8
PoW
checks
2619
Last contract
enhancements
27 July
Roadmap
We are working constantly and diligently to give you increasingly better features to take full advantage of your Crankk LoRa Gateway Nodes
Q1 2022
March 2022
Crankk Token online
Crankk Token smart contract online on Mainnet of Kadena
Q2 2022
June 2022
Contract and client improvements
More security, better operational stability
June 2022
Gateways start shipping
Gateway orders are live, gateways are being assembled, will start shipping in June
May 2022
Continue community building
Find us on Twitter or Discord
May 2022
Lite Paper
Read our Lite Paper on Medium
May 2022
Crankk.io website live
You can now read about Crankk.io, join our community and order gateways
May 2022
First few LoRa Gateway nodes
First few LoRa Gateway nodes are live, performing Proof of Coverage checks
April 2022
Network Smart contract online
Crankk distributed network controller smart contract online on Mainnet of Kadena
Q3 2022
August 2022
New website
New website with ever improving content to provide information and transparency for the network
September 2022
New hardware options
Raspberry Pi based hardware should not remain the only option. We are working with multiple manufacturer devices to bring various hardware options to market.
September 2022
Miners for other regions
Enabling multiple regions is a priority and we are striving to provide hardware options to be purchased in multiple regions
Q4 2022
2022
Network map
2022
Whitepaper
2022
DeX listing
2022
Improved Dashboard/Mobile app online
Frequently asked questions
Please read this to understand how to participate in the network
How can I join the Crankk Network
To join our Proof-of-Coverage network, you need a Crankk Gateway, also referred to as a hotspot or hotspot miner. Gateways can be purchased here for your specific region.
Do I earn the Crankk Token?
Yes! Crankk Hotspot owners are rewarded with the Kadena blockchain token Crankk for providing proof of coverage. You can learn more about our tokenomics in our Litepaper.
Do I pay gas fees in Kadena then?
Yes. Kadena has one of the lowest gas fees. You should be able to operate your gateway for months having just one Kadena. We’ll also give you some included in the Gateway purchase price to get you started.
Where do I buy Kadena?
There are many ways but if you really have no idea then just search for “Where can I buy Kadena” to find a regular currency to crypto currency exchange. Find the CoinMarketCap list of markets for Kadena here.
About Crankk
How is Crankk better than Helium
We’ve been mining Helium for some time and tried to eliminate some of the apparent nuisances we encountered. We’re not saying Crankk is better. We’re striving to make it better.
Seriously, how is it different from Helium?
Crankk didn’t develop its own blockchain. It uses the Kadena blockchain with low gas fees. Crankk is a token on Kadena. This choice eliminates a lot of the complexity and lowers the requirement for the project in terms of what it needs to prove to be viable. Kadena has proven to be fast, resilient, secure and low cost. This way we were able to concentrate on features that make participating in Crankk a lot more fun and a lot less risky.
How are you going to make sure miners get their returns on their investments?
To answer this question we want to make it clear that we optimize for long term viability of the network. Choosing not to develop our own blockchain eliminated a lot of the potential future risks. From the Tokenomics point of view we chose not to have an initial sale of tokens so that everybody starts with zero. Right now the only way to get Crankk Tokens is to earn it by operating a gateway. From the initial investment point of view we chose to leverage the Raspberry Pi because it’s low cost and widely available. Unlike in the case of specialized hardware you can always reuse or resell your Raspberry Pi and the LoRa module and recover some or all of your initial investment. Early adopters will benefit more as with any other project. However we’ll open a new chain after every 10,000 gateways so that the early adoption cycle can restart and provide more people with this opportunity.
Is Crankk really "distributed"?
From the blockchain and token point of view, it is. From the LoRaWAN radio network point of view, it isn’t yet. LoRaWAN was developed with centralized controllers in mind and that makes a lot of sense due to the fact that you don’t want to congest the airwaves and frequencies, want the collected sensor data to arrive at a limited number of central servers that the actual data user is interfacing with, and many other reasons. At the same time we know that more can be done to achieve a higher level of distributedness and we are working constantly to develop in that direction.
Questions?
Connect with us on our social media platforms or for business enquiries please contact us at:
© 2022 crankk