Kaco Plans to Launch NFT Fragmentation Trading and Open NFT Liquidity Mining in September
Kaco Finance, the first version of Coinversation, currently has a TVL exceeding $5 Million. Within three hours yesterday, the price raise from 0.3u to 1.2u.
On Monday morning, Kaco Finance has enabled the time lock synchronously, which has increased the security and trust of user transactions.
Just like the roadmap plan designed at the beginning of the project, Kaco Finance will launch the fragmented trading function of NFT in September.
At that time, Kaco will support NFT to forge NFT100. Users can create NFT100/KAC liquidity pools and simultaneously open NFT100/KAC liquidity mining. After purchasing NFT100, users can burn tokens to retrieve any NFT in the Pool.
At the same time, Kaco’s NFT trading platform will also cooperate with other NFT projects to open multi-dimensional NFT works trading activities.
About Coinversation
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).
Website｜Telegram | Twitter | Github
About KACO
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.
