Monthly Update #October 2021: Coinversation Fully Upgraded, Kaco Launched on Shiden , Ranking First in Dapp Staking

1. Community Progress

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. Partnership

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.

4. Events

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.

WebsiteTelegram | 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.

WebsiteTelegram | Twitter | DOC



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Coinversation Protocol

Coinversation Protocol

Coinversation: Decentralized Synthetic Asset Issuance Platform on Polkadot