What is KiloEx? KiloEx is a Derivative DEX built on the BNB Chain ecosystem. KiloEx entered the Top MVB VI projects in 2023 invested by Binance Labs . So what makes KiloEx stand out? Let's find out with Hak Research.
To better understand KiloEx, please read the articles below:
KiloEx Overview
What is KiloEx?
KiloEx is a decentralized Perpetual trading platform built on the BNB Chain ecosystem. KiloEx has many improvements compared to currently outstanding operating models such as DYDX or GMX.
KiloEx provides leverage trading services for users with high leverage up to 100x.
KiloEx uses the Peer to Pool operating model, so there will be 2 other user components participating in KiloEx as follows:
- Trader : People who use KiloEx as a platform to trade and make profits from it.
- Liquidity Providers : People who provide liquidation to the platform and make profits from trading fees.
KiloEx provides users with an intuitive, friendly interface and low transaction fees.
KiloEx offers a wide variety of trading assets (crypto, forex, ...) and flexible trading methods, to meet the diverse needs of users.
Highlights of KiloEx
- User-friendly interface, easy to use.
- Fast order matching speed, flexible trading methods.
- Low transaction fees.
- Supports trading many types of assets such as Crypto, Forex,...
- KiloEx uses a Peer to Pool operating model.
KiloEx products
- Trade : Perpetual product allows users to play Longing - Short with many different types of assets such as ETH, BTC, LINK, UNI,...
- Liquidity Provider : Users provide liquidation to the platform and earn profits from trading fees.
- Bridge : KiloEx integrates a multi- chain bridge to help users easily move assets between platforms.
- Referral : Users who refer the platform receive fee discounts and earn cashback through the KiloEx referral program.
KiloEx's Development Roadmap
- March 2023: Alpha Version / Core Trading Module Released.
- May 2023: Testnet/Bug Bounty Release.
- June 2023: Contract Testing/ Decentralization Introduction/ Multilingual Support/ Mainnet Launch.
- July 2023: Secondary audit / Decentralized copy trading / Email notification.
- August 2023: Hedges / Forex&Stock Release.
- October 2023: TGE.
Core Team
- Zhebin(Joey) Ni graduated with a Bachelor of Science in Physics from Xiamen University, Hong Kong; In 2015, Zhebin(Joey) Ni received a Master's degree in General Finance from the University of Cincinnati. Ni holds the SAS Certified Junior Programmer certification for SAS 9.
- January 2018 - August 2018, Zhebin(Joey) Ni worked at MSQ joint venture as Blockchain Management, Research and Investment; From August 2018 - June 2019, Ni was Senior Sales Manager at Blue Helix; From April 2020 - May 2022, Ni was Senior Business Development Manager at OKEX; from August 2022 - February 2023, Ni was Senior Business Development Manager at Phemex.
- From February 2023, Ni built and developed KiloEx as Founder.
Investor
- KiloEx won the prize at MVB VI in 2023 invested by Binance Lab, the raise amount was not disclosed.
Tokenomics
Basic information about KILO Token
- Token name: KiloEx
- Symbol: KILO
- Blockchain: BNB Chain
- Contract: Update
- Total supply: 1,000,000,000
KILO Token Allocation
- Ecosystem: 34% equivalent to 340,000,000 KILO.
- Airdrop: 10% equivalent to 100,000,000 KILO.
- Staking Reward: 10% equivalent to 100,000,000 KILO.
- Team: 20% equivalent to 200,000,000 KILO.
- Private Sale: 10% equivalent to 100,000,000 KILO.
- Strategic Investment: 10% equivalent to 100,000,000 KILO.
- Advisor: 5% equivalent to 50,000,000 KILO.
- Liquidity Provider: 1% equivalent to 10,000,000 KILO
KILO Token Release
- Ecosystem: vesting within 4 years.
- Airdrop: 20% TGE, then vesting 20%/quarter.
- Staking Reward: Use for 4 years.
- Team: 1 year course, vesting within 3 years.
- Private Sale: 1 year course, vesting within 3 years..
- Strategic Investment: 1 year lock, vesting within 3 years.
- Advisor: 1 year course, vesting within 3 years..
- Liquidity Provider: 100% TGE.
Token Use Case
KiloEx uses 2 Token : KILO and xKILO. In which: KILO Token is the utility token, xKILO is the escrow token.
- xKILO: liquidation and non-transferable but can be used through revenue Chia . Users can mint $xKILO at a 1:1 ratio using $KILO tokens.
- When users deposit $xKILO into the KiloEX staking pool, they can earn $xKILO rewards and $USDT transaction fee payments. Users can exchange $xKILO to $KILO by percentage and time to redeem $KILO rewards.
Exchanges
Updating
Project Information Channel
- Website: https://www.kiloex.io/
- Twitter: https://twitter.com/KiloEx_perp
- Discord: https://discord.gg/tEuDY4Rnrn
- Medium: https://medium.com/kiloex
- Telegram: https://t.me/KiloEx
Summary
KiloEx is a Perpetual DEX on the BNB Chain ecosystem. KiloEx won the award at MVB VI in 2023 invested by Binance Lab. With the highlight of providing more diverse assets, KiloEx has the potential to compete with DYDX, Gain Network, GMX....
KiloEx's Tokenomic has 10% Airdrop, so users can participate in the experience to receive Airdrop in the future.
The post What is KiloEx (KILO)? Overview of KiloEx Cryptocurrency appeared first on HakResearch .
