Mar 13, 2021
KRAGX; THE LEADING AND GUARANTEED DEFI BLOCKCHAIN
Despite technological advancement, some people are still oblivious to the world of decentralized finance(DEFI). They still wonder how money is liquidity, how to acquire, and secure their assets. The expansion going on the decentralized platforms is quite applaudable. DEFI in short is a flexible set of ideas and software projects that restructure financial services using blockchain tech. By using this method, the use of intermediaries is not required anymore. This characteristic has shaded more light on it in the blockchain communities, which has also made it quite popular within local financiers and big shots in this business.
Over twenty billion US Dollars have been spread out on different DEFI apps, enabling the platform fit for lending and borrowing services, exchange services, monetary banking services such as stable coins insurance, tokenization services, or other financial instruments such as derivatives and forecast markets. Still, most parties donโt have a basic understanding of what DEFI is, and the measures it has put in place to solve challenges and to overcome major technical and operational regulatory constraints that challenge its further development.
INTRODUCTION TO KRAGX:
KRAGX in simple terms is all about investing, staking, lending, and exchange of cryptocurrencies. KRAGX is a special platform created to provide fast, smart, accessible, and profitable financial services for all its users. Automated operated markets are all in KRAGX, which users can optimize their results to get KRX coins, make money, and can also use coins as legal tender in digital markets. KRAGX contract solves the issue by unveiling an auto market provider which is also called smart contract which enhances Market creating services based on the market blueprint. KRAGX has also introduced an off-chain order ledger to enhance liquidity.
HOW DOES KRAGX INTEND TO ACHIEVE THIS?
Lending & Borrowing:
Lenders and borrowers will be qualified for the KRX gains, including daily incentive system, and ability to. Farm or cultivate your token, and will also create many sources of gain for contributors
Staking:
It will run the ranking and sketching of its primary token KRX independently without a custodial sketch of any non-platform tokens like UNI and YFI. So one can get a prize in form of an incentive all based o the distribution and current rank of a particular. Pool.
Liquidity pool:
A liquidity pool is just a box of assets. This consists of volatile coins which are stapled firmly to safeguard coins. To participate You must make available an equal amount of ETH and DAI to be qualified to compete in the tub.
Mining:
One can mine liquidity in an eco-friendly environment that enhances smooth liquidity and exchange of a group of crypto properties, by making suppliers of liquidity pay.
Secure Wallet:
To store tokens, you need a wallet that is very compatible with borrowing and savings. Which include Trust wallet and metamask.
Governance:
Since it runs as a DEFI platform, it has no governmental overpower. Making it free from government policy rather its operations are decided by an independent board, by voting on ideas by the members.
Security:
KRAGX makes use of the incomplete Turing-protocol, which reduces attacks and safeguard the system.
Development:
KRAGX is currently working on a DEFI app, and also creating a crypto exchange platform that will enable the use of KRX token, to buy and trade online.
Loans:
Users will be able to borrow and pay interest
KRAGX tokenย (KRX)
The KRAGX Token (KRX) is a token built on the ERC20 Ethereum blockchain. The trading exchange made by owning KRAGX allows users to stake, lend, loans, and the Liquidity pool. The KRX tokens are based on ERC-20 which runs on the Defi platform.
SUMMARY
KRAGX has set the standard high in the Decentralized financial platform. Running on the DEFI BLOCKCHAIN makes it well secured and guaranteed. Why not Give it a try today?
Written by Chris Barth
