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What is the issuance price and issuance volume of BENQI(QI) coins?

BENQI (QI) tokens debuted at $0.05 each in an initial DEX offering (IDO) with an issuance volume of 200 million.

Dec 23, 2024 at 03:19 pm

Key Points:

  • BENQI (QI) is a decentralized lending and borrowing protocol built on the Avalanche blockchain.
  • The QI token is the governance token of the BENQI protocol.
  • The issuance price of QI tokens was $0.05 during the initial DEX offering (IDO).
  • The issuance volume of QI tokens was 200 million.

Issuance Price and Issuance Volume of BENQI (QI) Coins

1. BENQI (QI) Token: Overview

BENQI (QI) is a decentralized lending and borrowing protocol built on the Avalanche blockchain. The protocol allows users to lend and borrow crypto assets in a permissionless and non-custodial manner. QI is the native token of the BENQI protocol and is used for governance, staking, and as a medium of exchange within the ecosystem.

2. Issuance Price and Volume

The issuance price of QI tokens during the initial DEX offering (IDO) was $0.05. The IDO was conducted on February 25, 2021, and raised a total of $6 million. The issuance volume of QI tokens was 200 million, with 50% of the tokens allocated to the liquidity pool, 30% to the community, 10% to the team, and 10% to advisors and investors.

3. Token Distribution

  • Liquidity Pool: 50% (100 million QI)
  • Community: 30% (60 million QI)
  • Team: 10% (20 million QI)
  • Advisors and Investors: 10% (20 million QI)

4. Token Use Cases

  • Governance: QI token holders can vote on governance proposals to shape the future of the BENQI protocol.
  • Staking: QI tokens can be staked to earn rewards and support the security of the protocol.
  • Medium of Exchange: QI tokens can be used as a medium of exchange within the BENQI ecosystem, including for paying borrowing fees and earning rewards.

5. Value Proposition

The BENQI protocol offers several key advantages:

  • Decentralized: The protocol is controlled by the community through on-chain governance.
  • Non-custodial: Users maintain custody of their assets at all times.
  • High Interest Rates: Lenders can earn attractive interest rates on their crypto assets.
  • Low Borrowing Rates: Borrowers can access liquidity at competitive interest rates.

FAQs:

  • What is the maximum supply of QI tokens?

    • There is no maximum supply of QI tokens.
  • Where can I buy QI tokens?

    • QI tokens can be purchased on decentralized exchanges (DEXs) such as SushiSwap and Pangolin.
  • What is the current price of QI tokens?

    • The current price of QI tokens can be tracked on cryptocurrency price tracking websites such as CoinGecko and CoinMarketCap.
  • Can I stake QI tokens?

    • Yes, QI tokens can be staked to earn rewards and support the security of the protocol.
  • Can I borrow crypto assets on the BENQI protocol?

    • Yes, you can borrow crypto assets on the BENQI protocol by providing collateral.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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