Important Things You Should Know About
Kira Network
Taking yield farming to the extreme..
Kira uses a novel approach of utilizing value of stake to power DeFi applications deployed on top, the goal is to become a main security and market access layer in the entire interchain ecosystem
1. Decentralized Exchange
KIRA is the first decentralized network that enables market access to any digital asset in the interchain ecosystem.
Providing a truly decentralized model instead of the pseudo decentralized exchange models that are out there in crypto space.
2. Staking
With KIRA, users can earn block and fee rewards from staking any digital asset on multiple chains at the same time.
This is called Multi Bonded Proof of Stake and is a proprietary consensus mechanism which allows delegators to stake MORE than one asset at a time!
Because of this Kira is a secure consensus which natively supports staking derivatives. It allows to stake any asset like crypto, digital fiat and even NFT's while maintaining 100% liquidity. Kira will nog charge you for staking, only a validator can ask a commission.
Thus security and market access for ANY digital asset!
3. Non-custodial
This allows users to maintain full liquidity and custody over all their funds as they trade on KIRA or use other DeFi apps simultaneously.
4. Liquidity
Kira aims to deliver all the liquidity, performance and trading sophistication of a centralised echange but without the custody, downtime and fraud risk that plaque our industry
5. KEX token
This is the Kira native token which can be used to efficiently earn block and fee rewards, but the KEX holders can also participate in the governance.
The KEX token can trustlessly be transferred to the Kira network over interchain protocols such as Cosmos IBC and Poldadot XCMP. This way the token holder can earn block and fee rewards and there are no limitation regarding token types, you can stake your coins with any validator or your choice.
6. KYC
Because Kira is completely decentralised and the trading UI is delivered trustlessly over the blockchain itself, Kira puts itself beyond jurisdiction and enables p2p exchange with full anonymity. NO KYC is ever required and users retain FULL and EXCLUSIVE custody of their funds.
7. New exchange tokens
Kira takes entirely the opposite approach; by offering a simple and permission less process, new tokens can be listed in a matter of minutes. We call it ‘Permission less Instant Token Listing’.
8. Governance
Kira decision making is a progressive roadmap that sets out the evolution of the project's governance. Some important things to note are that voting power and chance to propose new blocks is equal amongst the entire governance set. More wealth does not mean more voting power! All decision making is written in the code of conduct. The code of conduct aims to prevent threats and introduces off-chain rules to protect Kira's integrity as an exchange.
9. Initial Validator Offering (IVO)
This crowdfunding tool will soon entirely revolutionize the cryptocurrency industry and replace the legacy kickstarting mechanisms. Kira will conceptualize a new way of crowdfunding without exposing retail to all the risks that ICO's were bringing! Instead of buying tokens you stake your coin to interchain and mine new coins from projects that deploy IVO's. This project earns commission fees while you (the delegator) earn the new tokens.
For example, delegating to Kira's validator on cosmos won't get your Atoms but KEX.
10. LINKS
We could write a book about Kira and it will become only better. Be part of this community and join the telegram channel.
Read more about it on Medium of check out one of the AMA's in the announcement telegram channel.
! ! PROUD TO BE A MEMBER ! !
Official sites:
https://kiracore.com/
https://medium.com/kira-core
https://interchain.exchange/
Telegram channel:
https://t.me/KiraAnnouncements
https://t.me/kirainterex
Twitter:
https://twitter.com/kira_core
Co-Founder and CEO
https://twitter.com/milanavalmont
Founder & CTO
https://twitter.com/Asmodat
