What is BENQI Coin?

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BENQI is a decentralized trusteeship-free liquidity market protocol built on the high-speed Avalanche smart contract network. The protocol allows users to lend, borrow or earn interest using their digital assets.

What is BENQI(QI)?

The team chose Avalanche because of the alleged high scalability of its decentralized network, low fees and compatibility with popular wallets. One of BENQI’s goals is to make Ethereum, Polkadot and Binance Smart Chain (BSC) a cross-chain hub connecting them through Avalanche subnets.

BENQI was founded in 2021 with $6 million in support. 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 inches.

BENQI (QI) claims to be the first DeFi project on the Avalanche platform. It gives DeFi users in congested and centralized networks the option to move and place their unused assets into BENQI without any barriers and high network fees. Avalanche allows BENQI users to access decentralized financial services seamlessly and cost-effectively, increasing control over their strategy.

Developers have the option of using BENQI to create financial products using the protocol and transferable income tokens.

BENQI also aims to ease the overload of the Ethereum network by offering a cheaper and faster alternative to Ethereum users. BENQI members can withdraw liquidity from the shared liquidity market, borrow money from the liquidity market, and see interest rates clearly.

From the development of BENQI, Rome Blockchain Labs Inc. he is responsible. It is an incubation center and software development firm specializing in decentralized finance (DeFi). JD Gagnon is one of the co-founders and CEO of Rome Blockchain Labs. The other two co-founders are Hannu Kuusi and Alexander Shul.

QI Coin Review

BENQI, which is especially notable for its use of the Avalanche network, has received more attention with the listing of its crypto currency QI on Binance. in addition, investors are october that they expect BENQI to be valued more in the future, especially due to its future targets. We can understand investors’ expectations more clearly by looking at current price movements.

According to CoinMarketCap data, BENQI coin, which was trading at 0.2354 USD against the dollar at the time of the publication of the article, is also trading at 0.000003573 BTC against Bitcoin (BTC). August 24, 2021, the BENQI coin saw a high of 0.4081 dollars and a low of August 19, 2021. It is worth noting that BENQI coin saw a high of 0.4081 dollars on August 24, 2021.

In October, it dec announced that the total supply of BENQI coins will be 7,200,000,000 BENQI Coins.

How to Get a BENQI Token?

QI Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of transaction volume.

In order to buy QI Coins, it is first necessary to become a member of Binance and then send fiat money. After sending a fiat currency such as Turkish lira or dollar, a purchase transaction can be made in the QI trading pair by receiving Bitcoin (BTC), Binance Coin (BNB), Tether (USDT) and BUSD, where the QI Coin is traded.

In addition, by ordering a purchase order october Binance not only at market value, but also at a lower value, users can make purchases at any price. For this, it will be enough to use the Limit tab and enter the amount you want to receive and the price you want to receive.

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