KNG is a utility token of Kanga Exchange. All of the fees generated on the Kanga Exchange and its ecosystem (local cash-to-crypto exchange points, payment gateway, crypto-backed loans, billing systems for miners, etc.) are conducted in KNG token. Demand for KNG is generated by the exchange itself. Every time there is a transaction in the Kanga ecosystem, the fee is collected from the taker and maker, it's then automatically exchanged for KNG tokens, for example, if a fee is paid in BTC, there is automatically a market-buy order on the KNG/BTC market.
KNG tokens can also be staked on the exchange PoS terminal, to earn additional KNG refinanced from fees spend by traders. Rewards for staking are distributed automatically every day after midnight.
To use PoS terminal follow this link: https://trade.kanga.exchange/pos
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