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What is KEN token?

By Shannon Wilson | July 16, 2021

Financialization of Blockchain Infrastructure

Keysians financialized infrastructural assets for maximizing the efficiency of consensus and boosting on-chain application usage. Keysians builds a financial channel to turn on-chain assets into flexible and tradable financial products.

Staking Liquidity

You can get Staking income by holding Ktoken, Ktoken is freely traded, used, and can be sold back to the original chain assets at any time without waiting for the unstacking time.

Staking Easily

Get vToken through DEX, Dapp, and wallet, and hold vToken to participate in the original chain staking while retaining governance on the chain.

Developer ++

Empowering developers, based on Keysians’s wallet, mining pool, Dapp, DeFi, and other ecosystems will get staking gain from the chain layer. eg. when vToken is borrowed as collateral, its staking income can offset part of the interest and realize low-interest loans.

Hedge

Stakers can sell bonded/staked assets without waiting for lockup and unbonding periods.

Double reward

While participating in staking, you can pool your assets into DeFi to claim a return.

Leveraged staking

Create bonded coins backed loan to create a leveraged staking position.

Technology

Keysian is developed based on the Substrate framework and can run independently on the blockchain. Supports WASM runtime environment and realizes smooth online upgrade without node bifurcation. The bottom layer of the network uses libp2p components for peer-to-peer communication. Keysian is developed using the Rust programming language and has features such as high efficiency and security. Keysian uses Polkadot XCMP protocol to communicate with parallel chains in Polkadot for cross-chain communication and interoperability.

At the same time, Keysian and external blockchains, such as Bitcoin, Ethereum, EOS, etc., are connected by a bridge to achieve two-way interoperability with these chains.

  • SERVICES

We propose a token-locking reward model, which enables users to reward our protocol contributors by locking tokens, without needing to sacrifice their tokens.

This process is similar to locking tokens: the principle is locked in a pool by a franchisee based on terms signed. Derivative issuers must negotiate a term, in terms of tokens needed and time length, allowing our financial channel to serve as a public record of their agreement. Once terms have been established, the derivative issuer writes a transaction to the blockchain with the terms of their agreement. We refer to this transaction as the agreement transaction. Derivative issuers need to stake a certain amount of platform tokens to get permission for doing an auction.

  • INSURANCE

The concept of insurance comes from communities in the past that pooled their resources to protect each other from the risks they all faced. We realized we could build a mutual on a platform where individuals only need to trust the system, not everyone in it.

The aim is to provide our members with more simple, transparent, accessible, and cheaper financial protection against their risks. Our platform token will have a pool of insurance funds that secure the on-chain activities. We have staking derivative cover and it provides stakers and bidders against hacks in the value storing.

  • BUY BACK & BURN

We will generate fee revenues from transactions and services in the operation of financial channels.

All the revenue will be used to purchase back tokens and we will burn them as a benefit to all token holders.

  • ETF ISSUANCE

We will allocate a pool of platform tokens to issue staking ETFs.

Our newly issued token tracks a transparent, algorithmically managed basket of proof of stake assets. Rewards generated by the underlying assets tracked by our newly issued tokens are used to repurchase and burn.

Source: Coin Introduction <https://morioh.com/p/946f208653a7>

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