What is BenQi (QI)?
BenQi is a Decentralized Non-custodial Liquidity Market platform, or you can simply understand Lending & Borrowing on Avalanche.
There are two subjects participating in using BenQi's products: Lenders (Lenders) and Borrowers (Borrowers):
- Lenders: It is possible to load assets onto the platform to receive interest back from the liquidity provision.
- Borrowers: You can borrow Crypto assets on the BenQi platform by mortgaging your assets.
Highlights of BenQi
I think BenQi will be an important link to promote the explosion of the AVAX ecosystem.
As I mentioned above, Lending & Borrowing is a piece that brings a huge amount of liquidity to the ecosystem. Therefore, it is likely that BenQi will become the Key Factor of the AVAX system.
In addition, the factor that makes BenQi so important also comes from the project receiving 6 million USD in investment capital from investment funds (I will mention it later in the article),
With the support of Ava Labs, I believe that if the Avalanche ecosystem explodes, BenQi will act as a Compound on Ethereum.
Information Token Q
Key Metric
- Token Name: BenQi Token.
- Ticker: IQ.
- Blockchain: benqi avalanche
- Token Standard: ARC-20.
- Contract: 0x8729438eb15e2c8b576fcc6aecda6a148776c0f5.
- Token type: Utility.
- Total Supply: 7,200,000,000 QI.
- Circulating Supply: 618,105,256
- benqi token price: 1 QI = 0.0085 USD
- benqi token
Information Token Q
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