As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform.
New Kangen
New kangen announced earlier that they would cooperate with LID Protocol to launch the NEWG presale. The presale will start on October 2, 2020.
Liquidity Dividends Protocol (LID) advances the development of divided bearing Proof of Locked Liquidity tokens. It hence can solve the issue of Uniswap exit scamming.
After the stipulated presale, 60% of ETH will be locked in the Uniswap liquidity permanently. Within 72 hours after the presale, 15% of ETH will buyback and burn NEWG tokens, preventing any form of dump, thus reducing supply and increasing the demand.
What is New Kangen?
New Kangen is a DeFi platform whose goal is to build an aggregated liquidity pool, automatic market-making, leveraged trading platform, and other functional platforms. It makes use of NEWG, which is an equity token. Users can acquire the NEWG token by providing liquidity to the platform’s aggregate liquidity pool. Withdrawal fees in the New Kangen platform are directly used to buy back and burn NEWG.
Website: newkangen.com
Presale links: newkangen.com
Presale steps:
Go to the NEWG presale links, connect the Metamask or other wallet, get your ETH ready, and then click the “deposit” button after the presale starts. If you use mobile, you can search for newkangen.com in a mobile wallet app (such as Trustwallet, token) DAPP browsers and go to the page to connect your wallet.
NEWG Presale details
- Total supply: 50,000 NEXG
- Token Presale : 40,000 NEXG : 80%
- New Kangen Team : 3,000 NEXG : 6%
- New Kangen Ecosystem : 3,000 NEXG : 6%
- Marketing Purpose : 2,000 NEXG : 4%
- Uniswap Locked : 750 NEXG : 1.5%
- Justswap Locked : 750 NEXG : 1.5%
- Bounty Token: 500 NEXG : 1%
Uniswap Initial Price: 1 NEXG = 75.00 USD
How does this work?
New Kangen is an aggregation platform based on decentralized lending protocols such as Compound, Aave, dYdX, etc.
The goal of New Kangen is simple-the decentralized finance platform that supports multiple DeFi agreements will automatically move positions between arrangements to help depositors get the highest financial income. The benefits of the New Kangen platform are:
- Support more currencies.
- Allow to use more good pools but perhaps riskier.
- Unique liquidity mining rewards.
- Dynamically switch lending platforms to obtain the highest yield.
Community
Twitter: https://twitter.com/new_kangen
Telegram: https://t.me/newkangen
Facebook : https://www.facebook.com/Newkangen-106631201196883/
Instagram : https://www.instagram.com/newkangen/
Medium : https://medium.com/@newkangentoken
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post New DeFi Project NEW KANGEN (NEWG) Presale Will Start on 2nd October 2020 appeared first on Bitcoin News.
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