Kunji Finance, the asset management platform on Arbitrum, has announced its upcoming Initial DEX Offering (IDO) on two prominent launchpads: Poolz Finance and GameFi. This decentralized platform connects asset managers to liquidity providers and has already partnered and integrated with various spot and derivative platforms, including GMX, MUX Protocol, and KyberSwap. Kunji Finance offers a platform where asset managers can execute both long and short strategies.
The beta platform of Kunji Finance was launched on August 23, 2023, and made available to 500 whitelisted early adopters. Now, the platform is preparing to launch its native token, KNJ.
According to the whitepaper, KNJ tokens will serve multiple purposes, including providing principal cover to investors, serving as a governance mechanism, and enabling staking. The protocol aims to protect investment funds through its Principal Cover structure, which prevents fund mismanagement and major drawdowns. Investors will be compensated based on the amount of KNJ staked and the maximum cover provided by the vault.
The IDO for KNJ tokens will take place on both Poolz Finance and GameFi on September 21, 2023, with a target raise of $450,000. During the IDO, 1.5 million KNJ tokens will be available out of a total fixed supply of 100 million tokens. Interested participants can whitelist their wallets on Poolz Finance.
Here are the tokenomics of KNJ tokens:
– Ticker: $KNJ
– Chain: Arbitrum One
– Token Supply: 100,000,000 (Fixed)
– IDO Allocation: 1,500,000
– IDO Price: $0.3
– TGE Market Cap: $990,000
Following the IDO, KNJ tokens will be listed on centralized exchanges such as Gate.io and BitMart. The specific date of the listing will be announced soon.
Kunji Finance is a decentralized platform built on Arbitrum that connects asset managers with liquidity providers. It allows asset managers to leverage their skills by accessing additional capital while generating profitable trading opportunities for capital providers. Asset managers on the platform can create discretionary investment theses that run both long and short strategies, essentially creating “hedge funds” for retail investors without regulatory ambiguity. Kunji Finance aims to revolutionize crypto hedge funds in a similar way Uber revolutionized limo services.
For more information about Kunji Finance, visit their website: [link to credible source]
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