Monthly Update #September 2021: Coinversation EVM Version DEX — Kaco launched NFT, TVL has topped $10M
- Kaco.Finance launches DappRadar
- Kaco launches $POLS/ $DOT farm
- Launch $PHA/ $DOT farm
- Release KACO Lover NFT, distributed to the community in the form of activity rewards
- Launch $KAC staking pool
- Open the NFT fragmented trading market
1. Community Progress
- Coinversation Twitter has exceeded 33,000 followers and 22,000 telegraph members.
2. Coinverstion’s EVM version DEX-Kaco Finance’s Twitter reach 15,000 followers, increasing 4,000 people from the previous month.
2. Development Progress
In September, the team completed the $KAC staking pool and NFT fragmented trading. TVL topped out at 10 million, KAC current price 1.59u.
According to the latest version of the development roadmap plan, the team will push forward the cross-chain development and deployment of Kaco Finance the next October. It is expected that Shiden parachain will be launched at the end of October with the cooperation of Shiden dapp staking, and liquidity mining pools will begin to be provided.
At the same time, the development of Kaco’s NFT fragmented trading Dutch auction module will proceed simultaneously and is expected to meet with users at the end of October. During this period, the team will continue to update the development progress on social media.
3. Partnership
1. Reach strategic cooperation with Treasureland
Through this cooperation, All NFTs from KACO Finance powered by Project Galaxy are supported on Treasureland.
2. Reach cooperation with DIA
Through this collaboration, Coinversation will integrate DIA’s transparent and decentralised oracle infrastructure as a data component of its platform. DIA’s price feeds will play a major role in Coinversation’s synthetic asset and DEX platform delivering reliable real-time price points for all assets used within the Coinversation Protocol.
3. Reach strategic partnership with Astar
Through this collaboration, Coinversation deploys the EVM DEX — — Kaco Finance on Shiden Network. Kaco is the First DEX providing liquidity mining in AstarNetwork Ecosystem, and the first Dapp participates in the Dappstaking on Shiden.
4. Reach cooperation with Bull Wallet
Through this collaboration, Kaco Finance can easily accessible through Bull Wallet.
4. Events
1. To celebrate the launch of KACO NFT fragmented trading, KACO and Coinversation launched a joint giveaway on Twitter, with 4,000+ participants.
2. KACO holds five English community AMA, including coinversation, 499Block, Imcommunity, BullWallet community, with average 15,000+ live viewers.
4, KACO holds six Chinese community AMA, including CryptoGeek, Dongjian Community, Yue Finance, Crypto Capital, 499Block, ChainCatcher. The average number of each AMA participants reaches 1000 +.
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.
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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.
