Monthly Update #October 2021: Coinversation Fully Upgraded, Kaco Launched on Shiden , Ranking First in Dapp Staking
- Kaco built a bridge between BSC and KSM with AnySwap, and bridge $KAC to Shiden
- Kaco launched on Shiden, and Dapp Staking is enabled
- Kaco became the №1 Dapp on Shiden
- Coinversation announced a comprehensive upgrade, defining Defi2.0 and NFT protocol
- Kaco launched Global Ambassadors Program
- Kaco and Astar had reached an ecological cooperation and have started Farm liquidity mining on Shiden
- Kaco launched Global Community Partner Program
1. Community Progress
- Coinversation Twitter has exceeded 33,000 followers.
2. Coinverstion’s EVM version DEX-Kaco Finance’s Twitter reach 16,000 followers, increasing 1,000 people from the previous month.
2. Development Progress
In October, Kaco Finance cooperated with AnySwap to launch an asset bridge between BSC and KSM. Currently, it supported bridging $KAC, $BUSD and other assets across the chain to Shiden, and launched DappStaking on Shiden. Kaco and Astar had reached an ecological cooperation and had started liquidity mining on Shiden. The trading pairs currently supported by liquidity mining include: SDN-KAC, SDN-USDC, ETH-SDN, BUSD-USDC, ETH-USDC.
This month, Kaco completed the distribution of SDN rewards before Era 13 for DappStaking on Shiden. The reward was: 50% SDN developer reward + 10,000 $KAC. The $KAC rewards will bed distributed after our official DappStaking online. $KAC rewards per Era = 10,000 $KAC* The percentage of the amount of staking in the Era / the number of days it takes to officially launch DappStaking on Kaco.
At the same time, the Claim function was online to support users to receive $KAC airdrop rewards.
According to the latest version of the development roadmap plan, the team will advance the Shiden network DappStaking development in November to help users reinvest in SDN and earn $KAC. At the same time, the team will launch more pools and partners with Shiden ecological projects.
At the same time, the team will promote the development of parachains, the recruitment of parachain related personnel, and the preparations for parachain auctions.
3.1 Reached a partnership with PolkaCover
Through this cooperation, Kaco Finance will be PolkaCover’s next partner with their cryptocurrency products offered on CoverComapared.
3.2 Complete integration with Anyswap cross-chain bridge
Through this partnership, Anyswap cross-chain bridge integration will make it possible for Kaco to bring BSC assets to Kusama.
- In order to reward KNFT liquidity providers, KACO rewards liquidity providers KACO NFT Mystery Box.
- Kaco opened a voting campaign to vote for the most expected fragmented projects on BSC.
- Kaco started Global Ambassadors Program.
- Kaco Launch a liquidity reward event on BSC with Phala to reward KACO and Phala’s limited edition NFT.
- Chain Fan Festival, Coinversation provides 20 NFTs for readers of ChainCatcher.
- Kaco announced a special Halloween event and rewarded 888 Halloween commemorative NFTs.
- Kaco launched Global Community Partner Program.
- Kaco launched a vote about favorite Farming Pool activity.
- Coinversation held 2 English communities AMAs with DIA and Standard Protocol, and Shiden.
About Coinversation Protocol
Coinversation Protocol is a synthetic-asset issuance protocol and decentralized contract trading exchange based on the Polkadot parachain. It uses CTOs, the issued by Coinversation Protocol, and DOTs as collateral, to synthesize any cryptocurrencies, stocks, bonds, gold or other off-chain assets through smart contracts and oracles. Users can forge a certain synthetic asset by collateralizing CTOs or DOTs, such as U.S. dollars, and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing other assets.
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.