Stock exchange tokens are tokens usually used to increase stock market turnover and to obtain financing. One of such tokens worth attention is the KNG token.
KNG token – how did it all start?
The official part of IEO Kanga Exchange started on November 11th, 2019. Earlier, several investment rounds took place, during which invited investors could buy KNG tokens and shares in the parent company of the entire project. As a result, only 1,000,000 tokens are currently available for sale. Until March 1, 2021, it was only possible to buy KNG. On March 1, 2021, the market for our token was opened, which means that to this day it can be freely bought and sold on the Kanga Exchange, Uniswap and Sushiswap. To see the video of the grand opening click here.
What is the KNG token?
KNG is a utility token used to settle operations on Kanga Exchange. These are not only operations on the stock exchange – we provide a number of other services to the market, including cryptocurrency exchange service in stationary exchange offices, IEO platform for tokenization, payment gateways, loans secured by cryptocurrencies, billing systems facilitating settlements in cryptocurrencies. All fees for using these services are collected in the KNG token and it is the only means of payment accepted by Kanga.
Features of the KNG token
So, if someone wants to use the stock exchange, does he have to come into the possession of KNG beforehand? Fortunately not, as this would be detrimental to the entire project. The answer to this question results from the features of the KNG token, which are:
- almost unlimited liquidity,
- automatic interchangeability.
When an operation is performed in Kanga Exchange, the fee is charged in the client’s currency and then automatically converted to KNG. For example, when a user is charged a commission in BTC, then an order to buy KNG appears on the KNG / BTC market at the market price for the BTC amount charged. KNG tokens are characterized by many other properties: their supply is limited, they are divisible, according to the ERC-20 protocol, etc., but we will write more about them in the next articles.