#KangaDate – Results of the contest

#KangaDate

The search is over! 🔍 Were you able to find the clues that we left? 💳

Thank you for the numerous responses and participation in the competition.

The correct answers are as follows:

The date of Kanga Exchange foundation ➡️ 11/09/2018

Date of the first emission of the KNG token ➡️ 01/03/2021

The first correct answer was given by @kajtekajtek and he won the main prize of 10 KNG!

Whereas T-shirts #InKangaWeTrust go to four people who were the closest: 😎

@Edwin84472973

@thehs87

@MattHeeoo

@Felicio79956232

Congratulations to the winners!

If your nickname is among the winner, DM us on one of our SM channels. 😉

Order your free card ➡️ kanga.cash/club

#Kanga #KangaCard #KangaDate

Contest #KangaDate

Contest alert!

You can win KNG tokens and our merch, which we know many of you really want in their collection! 😏

What do you have to do to win?

You have to activate your detective skills 🔍

Find and write in the comment two dates:

➡️ Kanga Exchange foundation date

➡️ date of the KNG token emission

and tag your comment with the hashtag #KangaDate

First come, first served!

First 5 people who will write the correct answer win!

The first person to give the correct answer gets 15 KNG tokens (the equivalent of over PLN 300/$100)

and the other four – #InKangaWeTrust t-shits!

You have time until the end of this month – you can send your answers by midnight on March 31st.

We will reveal the correct answer and announce the winners on April 1.

(Pssst, you can look for hints in our previous posts about Kanga card 🤫)

Get your free card here ➡️ kanga.cash/club

How does crypto mining work?

Cryptocurrencies broke through the consciousness of larger and smaller investors around the world, and the astronomical growth of the most popular one – Bitcoin – has made it the number one investment of the last decade. How to mine Bitcoin, how it works and for whom is it profitable? Find out from our article.

The term cryptocurrency mining was borrowed from the American period of the so-called gold rush, where fortunate prospectors made huge fortunes in a short time. Intuition did not disappoint the creators of Bitcoin in this regard as well. The price of a single BTC coin reached a dizzying value of 63 thousand USD in 2021, and the Bitcoin market capitalization exceeded one thousand billion US dollars, while the entire cryptocurrency market is currently worth around 2.5 trillion USD. Mining Bitcoin, Ethereum and other cryptocurrencies has become a modern goldmine for many.

How does mining Bitcoin and other crypto work?

What is Bitcoin mining? Mining is a form of remuneration for administering a payment system. Cryptocurrencies are a record of the so-called blockchain, which is a form of public transaction register where each subsequent operation overwrites the previous one, creating a new block. The purchase or sale transaction is reported to the mining computers, which then verify its correctness. If an objection is raised, the operation is canceled.

Part of the transaction verification process is solving a mathematical puzzle. Computers that generate the most relevant answer can participate in the proof of work distribution, i.e. with a bit of luck, they will receive new Bitcoins.

What equipment is needed for successful crypto mining?

In the past, when the cryptocurrency market was known only to a handful of enthusiasts, an ordinary PC “employed” as a cryptocurrency excavator was enough to play the role of a computer-miner. However, over time, both the number of tokens (cryptocurrency coins) and the transactions themselves have increased. On the other hand, Bitcoin’s rule is that the number of new coins introduced into circulation decreases over time. As a result, Bitcoin mining requires more and more powerful computers.

Digital entrepreneurs have started a race for stronger “mines”. Today, money is earned by those who have entire halls of working computers, preferably far north of the globe, to save on costly cooling systems. Such a “mine” can overwhelm the largest server rooms hosting popular websites, and its security often has automatic weapons and live ammunition. Monthly output? A few to a dozen Bitcoins.

What is Cloud Mining?

Cryptocurrency mines faced a dilemma at one point. Electricity bills must be paid, “production capacity” must be expanded, otherwise the cryptocurrency mine will lose the fight against other “miners”, and the competition never sleeps. Meanwhile, the Bitcoin model (which is the king in the crypto market) assumes falling profitability from mining as the number of new cryptocurrencies paid out in exchange for administering payments decreases over time.

In response, the miners began selling some of their computing power to external customers. Each of us can open an account and purchase a subscription, allowing us to become a “digital gold seeker”. From a business perspective, it is a type of lottery in which the sum of payments from subscribers is higher than the statistical value of cryptocurrencies earned in such a way. From the customer’s point of view, this money is low enough that it can be lost in exchange for a chance to win. Such a crypto-lottery ticket.

What is a mining pool? 

Another way to deal with the problem of decreasing mining rewards is to join forces. Instead of dividing your power into subscribers paying fixed monthly rates, you can come to an agreement with another mine and create a kind of consortium. Then, several independent entities operate together to achieve a common business goal. Increasing the computing power in this way allows breaking through the market to the “prize pool”, which is a statistically higher chance of mining bitcoins.

What affects the profitability of mining cryptocurrencies?

The shortest answer is – time. Bitcoin has been designed so that the benefit of mining new coins decreased over time, and thus the growth of new money was naturally limited (process of halving). By doing so, it was expected to preserve the value of money and prevent it from being diluted in an endless stream of supply. This solution, brilliant in its simplicity, could not fail. In a world where ordinary money in daily circulation comes from pure money creation (fiat-money), and the banking system has to increase the money supply to stay afloat, a currency that retains its value and is compatible with the internet had to become the king. Bitcoin was born for its role.

The current profitability of mining Bitcoin and other cryptocurrencies

Any market that is capital will sooner or later become dominated by sharks. Why? Because a large scale of operations is rewarded with profitability, and a small scale is punished with its lack. If we think of bitcoin mining as a business venture, then we can let that thinking go. When it comes to bitcoin mining, big fish are involved and blood is poured. If we think about it as a lottery, on which we spend pennies, hoping for our luck, then “cloud mining” is a good solution. Of course, we should then treat it as “fun”, because no one serious treats the lottery as a way to live.

However, if we are going to invest seriously, then buying cryptocurrencies at a low price and hodling it until the value goes up is the best solution. When does the low occur? When big investors have an interest in it. This means capitalizing lucrative investments and selling some cryptocurrencies, and provoking a drop in the rate. Where does this action come from? Because they want to buy more, and they know that it should not be done on the high. A model example is the recent moves of Tesla, the company waited for the right moment and then bought Bitcoin for $1.5 billion. The rate skyrocketed.

#KangaCard – Results of the contest

#KangaCard contest is over. Time for results!

It wasn’t easy to choose the winners from among all the amazing works 🏆

We are really impressed with your creativity!

Many of the proposals stole our hearts, so we decided to reward seven instead of three Kanganauts! 🤩

The following users claimed the podium:

I @Darek Czyż ⚖️ (50 KNG tokens and a gadget package)

II @_tstock 🌫️💳 (25 KNG tokens and a gadget package)

III @_osmerus_ (gadget pack and pre-premiere – In Kanga we trust hoodie 🔥)

Additionally, we want to honor the following people with a gadget package: @Jarosaw29238697; @mecoolsky_; @never_feel_ignored and @antyterrarysta

Congratulations and thank you for participating. 💪

If you are one of the chosen ones, do not hesitate and DM us. 😎

Winners:

I place
@Darek Czyż
II place
@_tstock
III place
@_osmerus_

Distinctions:

@antyterrarysta
@never_feel_ignored
@mecoolsky_
@Jarosaw29238697

#KangaCard contest!

#KangaCard Kanganauts, we have prepared a contest for you! Take a photo with your Kanga card and put it on your Social Media with the hashtag #KangaCard. We give you a free hand in terms of form – take a pic while shopping, strolling, in an non-obvious place, wherever you want. Prizes await the most creative ones!

🏆 I place – 50 KNG tokens and a Kanga Exchange merchandise set;

🏅 II place – 25 KNG tokens and a Kanga Exchange merchandise set;

🎖 III place – Kanga Exchange merchandise set.

You can post your photos by midnight on March 20th, and the winners will be announced on March 21st at 2:00 p.m.

If you don’t have your card yet, sign up to Kanga Club now, it will be in your hands in no time, and you’ll surely be able to take part in the game! We are waiting for your pictures and we wish you good luck!

⚠️ For the sake of your safety, remember to hide the data on the card when taking your photos!

kanga.cash/club

Flash Sale Akoya Legends step by step

WHEN?

08/03/2022 10am UTC

WHERE?

https://trade.kanga.exchange/ieos

To take part in IEO, after logging in to your Kanga Exchange account, go to the IEO tab.

ATTENTION!!!! DO NOT REFRESH THE PAGE TO MAKE A PURCHASE; THE SYSTEM WILL AUTOMATICALLY UPDATE DURING THIS IEO UNLESS YOU HAVE A UNSYNCHRONIZED CLOCK!

WHO CAN PARTICIPATE IN THE IEO??

IEO CPR will be a listing in which users who have KNG on the Kanga wallet or (and) KNG hodlers (POS USERS)

will be able to bid on packages, thus having a purchase guarantee on this IEO after winning the auction: https://kanga.exchange/the-new-ieo-model-on-kanga-exchange/

This IEO is public, which means that anyone registered on Kanga can purchase tokens.

During this IEO, KYC is not required by the issuer.

It is required to have funds in the wallet for the purchase of a token CPR.

IEO CPR TERMS

  • Hardcap: 200 000$
  • Price per token: 0.00625$
  • Min Investment: 100 $ 
  • Max Investment: 1000$ 
  • Vesting: 20% at the beginning, remaining 80% in equal daily tranches for 4 months/120 days
  • Listing pair: CPR-USDT
  • Purchase cryptocurrency: USDT, oPLN, oEUR, BTC, ETH, oUSDC, USDC
  • Token: BEP20
  • Mainnet: Binance Smartchain
  • IEO date: 08.03.22 10 UTC
  • Asks: 10.03.22 10 UTC
  • Bids:11.03.22 10 UTC
  • Withdrawal date: 12.03.22 10 UTC
  • Orders can be placed no more than once every 10 seconds (if there was an error with the purchase, you can repeat the order immediately – the system will inform you about it with an appropriate message).

THE PURCHASE – STEP BY STEP

  • go to https://trade.kanga.exchange/ and log into your Kanga account
  • go to the IEO tab 
  • the system will count down to the beginning of the sale until the last hour before the start of the IEO
  • in the last hour before the start of the IEO, the system will unlock the interface, but the fields will still be inactive
  • do not refresh the page – when the IEO starts, the system will automatically unlock the purchase option and refresh the number of available tokens from the pool
  • to make a purchase, enter the number of tokens you want to buy in the appropriate field and select the currency you want to pay for the purchase and press the BUY CPR button
  • If you manage to place an order, the relevant information will appear at the bottom of the page, and if you are among the users whose order has been processed positively on your board, after the sale of the CPR token, a button will appear, which you must confirm the purchase with for CPR to appear on your wallet

ATTENTION!!! Submitting a purchase order is not equivalent to making a purchase.

You will find out if you have successfully purchased the CPR token after your order has been processed.

The system processes each order in the order of its submission.

If the orders placed before yours exhaust the entire pool of tokens, your order will not be processed, which you will be informed about in its status!

Remember, it is the time of submitting the order that counts – the order is processed later.

Information about the number of available tokens is not updated on a regular basis and may differ from the currently available.

GOOD LUCK!