Kaco Finance-the EVM Version DEX of Coinversation will be Deployed to Promote the High-Quality Asset on BSC Bridging into the Kusama Ecosystem
The rise of any network is inseparable from the support of fundamental assets. The rapid rise of the BSC ecosystem this year has accumulated sufficient assets. As a team of Polkadot’s ecological layout of DEX and synthetic assets, we deeply feel the importance of assets. Therefore, Coinversation will first release the evm version of DEX — Kaco Finance on Kusama and BSC, bridging the high-quality assets on BSC into the Kusama ecosystem.
1. What is Kaco Finance?
Kaco Finance is the evm version of DEX issued by Polkadot decentralized exchange and synthetic asset protocol Coinversation.
Kaco Finance is a cross-chain decentralized trading platform based on Binance Smart Chain and Kusama parachain. Kaco Finance initially aims to provide liquidity AMM and yield farm for the Polkadot ecological project and is committed to realizing the asset bridging function between Kusama and BSC.
Kaco is expected to launch next week and simultaneously open $KAC liquidity mining.
The core functions of Kaco Finance mainly include: Kacoswap (DEX), Staking and Mining (Farm)
(1) Kacoswap (DEX)
The automated market maker model adopted by Kaco is the AMM model. Users can trade BEP-20 tokens in Kaco or add liquidity to get rewards. By flushing funds into the liquidity fund pool, users can obtain LP Tokens and use these LP tokens to exchange capital shares and earn transaction fees.
(2) Staking and Mining (Farm)
After obtaining the LP token, the user can stake it to earn $KAC. After selecting the staking amount, users can start participating in mining to earn $KAC rewards.
Users can also obtain Kaco’s exclusive NFT works through liquidity mining. Users can use it to exchange equivalent $KAC tokens or put them in their wallets as collectibles.
$KAC has no private sale and no team tokens, and the tokens will be allocated to early participants in priority.
The hard cap of $KAC is 10 million:
85% for liquidity mining
15% is used for future strategic planning and development, which include CEX listing fees, auditing, third-party services, liquidity provision by contract partners, community airdrops, etc. Among them, 20,000 tokens have been used in the KAC/DOT liquidity pool on KACO. To avoid diluting the value of token holders, we have also implemented a restriction that the team can withdraw no more than 100,000 $KAC tokens each month, with 15 months of withdrawal. If the community votes to agree, an exception can be made for overspending.
Note: For early investors of Coinversation, certain tokens will be given as rewards in the form of airdrops.
Kaco’s development will be divided into two phases, completing the DEX deployment and online bridging function.
Q3: The first phase of Kaco’s product will be dedicated to liquidity mining for the assets of the Polkadot ecological project on BEP20. Users can pledge LP tokens and earn $KAC.
- Fair issuance of $KAC tokens
- Create a liquidity pool of KAC/DOT on Kacoswap
- PeckShield and Certik’s project full code audit
- Start liquidity mining, support DOT/KSM, KAC/DOT KAC/KSM CLV/DOT REEF/DOT
- Integrated support for more web pages and mobile wallets
- More audits
- Listing on CEX
- Launch NFT fragmentation trading
- Support forging NFT
- Establish a liquidity pool for NFT100/BNB
- Burn NFT100 and redeem NFT
- Open NFT100/BNB liquidity mining
Q4: The second phase of Kaco will develop the bridging function between BSC and Polkadot, realizing the seamless transfer of the two ecological assets.
- More liquidity pools established
- Create a cross-chain bridge to connect with Kusama parachain
- Deploy DEX on Kusama parachain
- Listing on more CEX
4. Practical Value of Tokens
- Community and governance
- Transaction fees
- Obtain staking rewards
Stay tuned with Kaco’s official Twitter and Telegram community to get the latest updates of the project.
Coinversation Protocol is the first synthetic asset issuance protocol and decentralized contract trading exchange based on the Polkadot contract chain. It uses the token CTO issued by Coinversation Protocol and Polkadot(DOT) as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. The assets minted by all the users correspond to the liabilities of the entire system, and the proportion of each user’s liabilities has been determined at the time of forging, so that their respective profits can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in decentralized exchange(DEX).
Kaco Finance is the evm version of DEX issued by Polkadot decentralized exchange and synthetic asset protocol Coinversation. Kaco Finance is a cross-chain decentralized trading platform based on Binance Smart Chain and Kusama parachain. Kaco Finance initially aims to provide liquidity AMM and yield farm for the Polkadot ecological project and is committed to realizing the asset bridging function between Kusama and BSC.