KNG Token
Your Key to the World of Kanga
KNG is more than just a utility token—it serves as the foundation and heart of the Kanga Exchange ecosystem, integrating all services available on the platform. It plays a vital role in the day-to-day operations of Kanga, allowing holders to benefit from the platform’s growth.
The KNG token offers staking, which generates daily demand for the token. Users receive daily rewards, and long-term commitment provides additional benefits. The token-burning process gives KNG a deflationary nature, making it increasingly scarce.
Technology
The KNG token, based on the ERC-20 standard, operates on the Ethereum and Polygon blockchain networks. This ensures users benefit from lower transaction costs, greater flexibility, and enhanced interoperability.
Features and Benefits of Owning KNG
The KNG token plays a crucial role in the Kanga ecosystem, offering numerous benefits for platform users. Here are its main features and benefits:
Staking Rewards on the Kanga Platform
Daily staking rewards are derived from transaction fees on the Kanga Exchange. Collected fees are converted into KNG and distributed among stakers proportionally to the amount of tokens they hold.
Additional Bonus Through the Autotransfer Mechanism
Staking rewards are regularly added to the staking pool via the autotransfer mechanism. Moreover, users engaged in long-term staking receive bonuses that increase their participation rate. As a result, their share of rewards grows with the duration of their staking commitment.
Lower Trading Fees on Kanga Exchange
KNG stakers enjoy reduced transaction fees on the Kanga Exchange
Level I: 200 KNG — 0.16% fee
Level II: 1,000 KNG — 0.09% fee
Level III: 10,000 KNG — 0.03% fee
Priority Access to IEOs
KNG holders gain priority access to token sales on Kanga Starter, allowing them to purchase new tokens before the main sale. Purchased tokens are automatically assigned to their accounts after successful bids.
Deflation Through Burning
Kanga Exchange follows a deflationary strategy aimed at reducing the supply of KNG tokens. Between 2022 and 2023, resources were allocated to buy and burn 178,890.03 KNG. This process reduces supply, boosts token value, and enhances market appeal.
By the end of 2024, an additional 1 million KNG tokens are planned to be burned, reinforcing the token’s deflationary nature. This strategy supports the long-term value of KNG, builds investor trust, and stimulates market interest.
Multichain Compatibility
The KNG token, built on the ERC-20 standard, operates on both the Ethereum and Polygon blockchain networks. This ensures users benefit from lower transaction costs, greater flexibility, and increased interoperability.
THE KNG TOKEN BURNING PROCESS
1 178 890.029
In 2023, Kanga Exchange conducted an IEO, raising 5 million PLN. These funds were fully allocated to repurchasing KNG tokens. Over 100 days, daily token purchases reduced the supply and increased demand.
A total of 357,748 KNG tokens were acquired, split equally: half were allocated to staking rewards, and the other half was burned. This process significantly reduced the token supply, highlighting its deflationary nature.
In 2024, 1 million KNG tokens were burned from the initial 21 million, representing a significant step in reducing the token's supply.
White Paper
You can find the full version of information about the KNG token in our White Paper, which you can download by clicking the button below.
DOWNLOAD PDFHow to Buy KNG Tokens
You can purchase KNG tokens on the Kanga platform. To do so, create an account on the exchange and deposit funds. Then, navigate to the Market section, search for KNG, and place an order. Alternatively, you can use the quick swap feature to exchange a selected currency for KNG.
Exchange available on the Polygon network