BENQI Coin is the native cryptocurrency of the BENQI protocol, built on the Avalanche network.
What is BENQI(QI)?
BENQI (QI) is a decentralized liquidity market protocol built on the high-speed Avalanche smart contract network. QI allows users to lend, receive, or earn interest using crypto assets. The team chose Avalanche because of the alleged high scalability of the decentralized network, its fees and compatibility with popular plug-in wallets.
One of the goals of BENQI is to make Ethereum, Polkadot and Binance Smart Chain a cross-chain hub that connects them through Avalanche subnets. QI was founded in 2021 with an investment of $ 6 million. Ascensive strategic Assets between investors, Dragonfly Capital, Mechanism, Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Labs Hunting, Morningstar Ventures, GBV Capital Trading Ltd Skynet, Rarestone Capital, Capital Genblock, Moon Inc. There are.
BENQI maintains its claim to be the number one DeFi project on the Avalanche platform. It offers DeFi users in congested and centralized networks the opportunity to move their unused assets to BENQI without building any barriers.
Avalanche allows BENQI users to access decentralized financial services seamlessly and cost-effectively, increasing control over their strategies. Developers have the option to use BENQI to create financial products using the protocol and transferable income tokens. In addition, BENQI alleviates the problems of overloading the ETH network by offering a cheaper and faster alternative for Ethereum users.
Where to Buy QI Coin?
BENQI Coin can be bought and sold safely on Binance, the world’s largest cryptocurrency exchange in terms of transaction volume. QI Coin is traded on the Binance platform in the pairs QI/BTC, QI/BNB, QI/USDT and QI/BUSD. QI Coin is trading at $0.18 at the time of this guide.
In order to buy BENQI Coins, you must first become a member of the Binance exchange. Upon completion of the membership, crypto currency or fiat currency must be transferred to the Binance passbook. Upon completion of the transfer, you can purchase QI Coins from all four pairs mentioned above. To purchase from the QI/USDT trading pair, you must first go to the interface of this pair. In the QI/USDT interface, the desired amount to be purchased is entered in the field specified on the limit tab. After specifying the amount, the purchase is made by the QI Buy order.