Exchange tokens are tokens usually used to increase the market’s turnover and to obtain financing. One of such tokens, which is worth your 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 platforms. To see the video of the grand opening click here.
What is the KNG token?
KNG is a utility token used to settle all operations on Kanga Exchange. That includes operations on the market, but not only. We provide a number of other services, such as stationary exchange points, IEO platform for tokenization, payment gateways, loans secured by cryptocurrencies, billing systems facilitating settlements in cryptocurrencies and more. 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
Does it mean that if someone wants to use our services, he or she needs to be in possession of KNG tokens? 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 on the Kanga Exchange platform, the fee is charged in the currency used by the client 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 amount of BTC that has been charged. KNG tokens are characterized by many other properties, e.g. their supply is limited and they are divisible and in accordance with the ERC-20 protocol. Stay tuned for more articles about KNG to learn even more!