New coin listing update: MIR\QI\WOO\KDA tokens are now listed on Kikitrade 🎉
Buy crypto with USD/USDT now on Kikitrade!
【New coin listing introduction】
Mirror Protocol is a DeFi protocol that enables users to mint mirrored assets (mAssets). mAssets will track the underlying asset prices in real-world markets, giving traders access to the price exposure of real-world assets.
Mirror Protocol ensures that there is always sufficient collateral within the protocol to cover mAssets, and also manages markets for mAssets by listing them on Terraswap against UST. The minting of mAssets is decentralized, where users are able to open positions and deposit collateral.
BENQI is a decentralized non-custodial liquidity market protocol on Avalanche. It scales DeFi with a suite of yield-generating products. The platform offers a Lending and Borrowing Market, with Liquid Staking in development. Users are able to borrow and lend tokens, participate in network governance and staking.
QI is BENQI’s native token with the following functions:
Governance: QI token holders will be able to participate in the governance of the protocol. Through governance, users have the ability to influence aspects of subsequent products and primitives to be launched under BENQI.
Liquidity mining: Users can stake in liquidity pools on DEXes (i.e. Pangolin) or in the QI token pool within the BENQI protocol. In return for providing liquidity, users are rewarded with QI and other tokens.
Staking: Users will be able to stake QI in a Safety Module and get a portion of protocol reserves for securing the protocol against a shortfall event.
WOO Network is a liquidity network connecting traders, exchanges, institutions, and DeFi platforms through their suite of products including WOO X, Wootrade and WOOFi. The native WOO tokens are currently available on 6 chains including Ethereum, BSC, Polygon, Solana, Fantom, and HECO.
WOO is the native token of the WOO Network, with the following use cases:
Collateral: WOO tokens can be used as collateral for borrowing and lending.
Liquidity mining: WOO rewards can be earned by providing liquidity to LPs on DEXes.
Staking: Users are able to stake WOO tokens on WOO Network's various products including:
Staking on WOO X allows users to reduce trading fees, unlock zero-fee trading on WOO X, and increase referral rebates.
Staking on WOOFi users receive xWOO tokens, which represent a share of the staking pool, and earn a share of WOOFi swap fees.
Burn Mechanism: 50% of Wootrade's revenue will be used to fund the monthly buyback and burn of WOO tokens.
Kadena is a Proof-of-Work (PoW) blockchain. Kadena utilizes a smart contract language called “Pact”, a secure smart contract language with built-in automated auditing.
One of the main selling points for Kadena is its ability to offer low-cost transactions with security powered by POW consensus while still offering fast processing times.
KDA is the native token of the project. The current use cases for KDA include:
Mining Rewards: Miners are compensated for mining blocks on the network.
Native Payment Currency: KDA is required to pay for transaction fees on the Kadena public chain.