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Home All Events - Ape O'Clock KTX.Finance Mainnet Launch

Date

Apr 21 2023
Expired!

TimeUTC

10:00 am

Your Time

  • Timezone: America/New_York
  • Date: Apr 21 2023
  • Time: 6:00 am

Status

Active

KTX.Finance Mainnet Launch

Perpetual DEX on BSC.

The launch time has not been announced, only that it is on April 21. This time is a placeholder.

DETAILS
  • Mechanics & Utility
    • Trade with up to 50x leverage on BTC, ETH, BNB
    • All positions are margined in BUSD
    • Supports market, limit order types
    • 3 token model – KTC, KLP, esKTC
      • KTC is the primary token
      • esKTC is the governance and escrowed version of KTC
      • KLP is the liquidity token, representing the liquidity pool used for swaps and leverage trading
    • Liquidity providers mint $KLP by depositing assets in the KLP liquidity pool
    • KLP liquidity pool is made up of 50% stablecoins & 50% volatile assets
    • $KTC can be staked to receive $esKTC
    • $KLP stakers earn 70% of protocol fees paid out in BNB and $esKTC rewards
    • $KTC/$esKTC stakers earn 30% of protocol fees paid out in BNB, $esKTC rewards and Multiplier Points
    • $esKTC can be converted to $KTC through a 1-year vesting
    • High volume traders receive discount on trading fees up to 60% discount
    • Tiered referral system – Refer and receive trading fee discounts and referral rebates
      • Tier 1: 4% trading fee discount for traders, 8% rebates on fees to referrer (paid in BNB)
      • Tier 2: 12% discount for traders, 16% rebates on fees to referrer (paid in BNB)
      • Tier 3: 15% discount for traders, 20% rebates on fees to referrer (paid in BNB) + 5% rebates (paid in esKTC)
  • Tokenomics
    • Token symbol: KTC
    • Total supply: 100,000,000
      • 30% — $esKTC Rewards
      • 30% — Ecosystems
      • 20% — Team
      • 10% — Early Investors
      • 10% — Liquidity
Links & Resources
Related Launches

Blockchain

BSC

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