Konomi Network

Konomi Network

KONO
$0.018175459%7.82

Key Metrics

Price$0.018175459
Real Volume (24H)$133,565.63
Marketcap$1,817,545.88
Fully Diluted ValuationN/A
ATH$7.03
ATH Date3/16/2021, 6:28:02 PM
ATL$0.01528123
ATL Date12/24/2022, 6:35:40 AM
Circulating Supply37M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank2072
Chart
What is Konomi Network?

Konomi Network is a decentralized liquidity protocol that aims to create seamless communication between independent blockchains. The protocol enables crypto users to manage their holdings, trade assets, and earn interest through decentralized money market products. With the Konomi network, users can access high-yield financial products irrespective of borders. Konomi Network is built on the Substrate framework, which allows the network to customize the blockchain to the specific needs of the network.

The DeFi system has eliminated variations in global interest rates, as interest rates offered on assets deposited in DeFi protocols are higher than those offered by traditional financial products. This is primarily due to the increasing opportunities in crypto. Additionally, DeFi protocols help users gain custody of assets, allowing them to access various services without giving up control of their assets. Decentralized money market protocols enable users to access high-yield financial products irrespective of borders.

Konomi Lend is a decentralized lending product that offers low transaction fees, collateral ratios, liquidation penalties, and liquidation thresholds. It provides a secure and efficient way to lend and borrow digital assets without intermediaries. With Konomi Lend, users can earn interest on their deposited assets or borrow assets by providing collateral. The protocol uses Konomi's own Oracle system based on Konomi Lend, which provides real-time market data to calculate interest rates.

Konomi Network aims to develop its own Oracle system that connects smart contracts with external systems. Oracles are third-party services that enable smart contracts to run based on input and output from the real world. The Konomi Oracle seeks to quote the on-chain price based on the off-chain price. This system will enhance the accuracy of the prices used by the protocol, making it more efficient and reliable.

Konomi Network plans to issue its native token, KONO, for decentralized network governance. KONO is a staking token that users can stake to earn rewards. The token facilitates user participation in trading, providing liquidity, and more. Users can also utilize KONO as an incentive for encouraging the addition of liquidity to the platform. Additionally, KONO is a staking token that allows users to share platform revenue.

Konomi Network is a decentralized liquidity protocol that aims to enable users to manage their holdings, trade assets, and earn interest through decentralized money market products. With Konomi Lend, users can lend and borrow digital assets without intermediaries, while the Konomi Oracle provides real-time market data to calculate interest rates. KONO, the network's native token, facilitates user participation in trading, providing liquidity, and more. By issuing KONO, Konomi Network aims to create a decentralized network that is more efficient, reliable, and accessible for users worldwide.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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