Kaco Finance is Coinverstion’s EVM version of Dapp on BSC, a cross-chain DEX based on BSC and Kusama. Kaco initially aims to provide liquidity for Polkadot ecological projects with AMM and yield farms, and finally is committed to realizing the asset bridging function between Kusama and BSC, realizing seamless transfer of two ecological assets. In addition, Kaco will also serve as an incentive token to support Coinversation parachain auctions, and Kaco will also run for Coinversation’s verification node.
As Coinverstion’s EVM version of Dapp on the BSC, Kaco Finance was officially launched on August 24, 2021 UTC time. During the early bird mining, the lock-up volume exceeded US $6 million, and the number of followers on Twitter exceeded 10,000. Community members are actively to participate all kinds of activity.
In order to give back the enthusiasm of community members and project participants, Kaco started the official reward mining giveaway on 12pm UTC September 3, 2021. The reward for this activity is the official limited Edition NFT. The rules of the activity are as follows:
Time: 3 September to the end of the official reward mining
Rules: During the activity, you need to stake more than 50 KAC-DOT LP tokens on the Kaco platform. Random snapshots will be taken during the official reward mining. Those who meet the requirements can go to the claiming page about 3 working days after the end of the official reward mining to receive limited edition NFT rewards. This activity is divided into 3 levels:
DUDU: Stake 1000 KAC-DOT LP
ARTEZ: Stake 500 KAC-DOT LP
COCO: Stake 50 KAC-DOT LP
Note: Since the snapshot time is random, please retrieve the staked LP TOKEN after the event to ensure that you can get snapshoted!
Currently, KACO is developing the NFT fragmented trading market, which is expected to be launched in September. At that time, users can trade the KACO NFT in our NFT exchange market.
In the wave of DeFi and NFT development, the Kaco team will surely live up to expectations.
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.