What is Project Kwenta? Kwenta . project and token overview

• Project overview
• What is Kwenta?
• Highlights of Kwenta
• Project development plan
• Project development roadmap
• The project's development team and investors
• Basic information about KWENTA . token
• General information
• KWENTA allocation plan
• Functions of the KWENTA token
• summary

Project overview

What is Kwenta?

Kwenta is a decentralized derivatives exchange, working on Optimism (Ethereum's Layer-2 scaling solution). It allows users to access on-chain derivatives and utilize the leverage power of the Synthetix protocol. 

Synthetix is ​​a DeFi protocol built on top of Ethereum . It provides a trading platform for synthetic assets (Synth) or specifically derivative products to help users get the benefits of holding an asset without actually owning it. that property. 

Investors can buy and sell popular cryptocurrencies or even commodities, forex or stocks on Kwenta without the permission of a centralized third party.

Highlights of Kwenta

Unlimited liquidity

Kwenta does not have an order book, all transactions are peer-to-peer, using the Synthetix protocol's aggregated liquidity model. This means that users will have access to an unlimited source of liquidity.

Slippage is 0

Thanks to its infinite liquidity, Kwenta can help users not to worry about order book and slippage when trading.

Gas fee reduced up to 50 times

Kwenta will process transactions on Optimism instead of happening directly on the Ethereum mainnet. As a result, it not only saves users up to 50 times gas fees, but also can process transactions quickly.

Futures contract

This is a new feature that the project is developing, providing Perpetual Future Contract (perpetual future contract, no expiration date). It allows traders to use leverage to enter a long/short position in the price of an asset without having to buy the asset.

Kwenta will launch a Perpetual Future Contract on the Optimism L2 Mainnet between March 14 and March 27, 2022, allowing anyone with a Web 3.0 wallet to access up to 10x leverage. 

Project development plan

Enhance your trading experience

Kwenta has begun planning to develop limit-orders and stop-losses to improve the user experience on its platform.

Margin Product

In addition, the project also intends to build margin products and a generic leveraged product using available liquidity pools.

Cross-Market trading

Inheriting Synthetix's aggregation capabilities, the Kwenta team is working to combine financial products such as synthetic perpetual futures and options to create positions across multiple markets.

Simplify your trading experience

The Kwenta protocol is still in the process of being developed in order to be more complete in simplifying the trading experience and expanding other features for users such as: Mortgage using KWENTA tokens, veKWENTA, escrow cross and reference community based requests… 

Project development roadmap

Quarter 1 of 2022:

• UI Optimization (Kwenta core members are working with Product Elites to optimize the user interface)
• Futures Beta Release
• Token Launch
• Launched Mainnet L2 Short

Second quarter of 2022:

• Perfecting the Limit Order feature 
• Research on execution of limit orders for Kwenta . exchange
• Developing Trading Incentive
• Implement trading incentives to attract new users
• Optimization of futures contract

3rd quarter of 2022:

• New asset classes added on Kwenta . platform
• Research on adding a margin product in the interface
• Options R&D

Quarter 4, 2022:

• Research on mixed market
• Improve the functionality of the token 
• Re-evaluate the token architecture and determine the optimal use of the project's token

The project's development team and investors

Currently, Kwenta has not yet announced information about the project's development team and investors. Investors interested in the project can follow the latest updates on TraderH4 or official communication channels such as:

Webs i te | Twitter | Discord | Telegram

Kwenta is hosting a Community Raise funding round. It is known that from February 14 to March 2, 2022, the project has raised 6.9 million USD in investment from the community. 

Basic information about KWENTA . token

General information

General information about KWENTA token:

• Token name: Kwenta token
• Code: KWENTA
• Blockchain: Ethereum 
• Token Standard: ERC-20
• Token Type: Utility, Governance
• Initial total supply: 313,373 KWENTA

KWENTA allocation plan

KWENTA token initial supply distribution plan 

• Synthetix Staker: 30%
• Community Growth Fund: 25%
• Kwenta Treasury: 20%
• Core Contributor: 15%  
• First users on Kwenta: 5%
• Investment: 5%

A special feature of the project's token distribution is: The tokens distributed to the Kwenta Treasury will be staked indefinitely and the income from this staking is used as a fund to promote the community role, product development.

Functions of the KWENTA token

System management

KWENTA token holders can stake tokens to have the right to vote on issues related to the governance of the protocol. Each token will represent one vote. Example: One user stake 100 Kwenta tokens is equivalent to holding 100 votes. This is to help the system administration process to ensure decentralization.

Reward Mechanism 

Users can stake KWENTA to get more KWENTA. This reward mechanism aims to motivate people to contribute more to the development of the DAO, providing the necessary infrastructure for the DAO to become sustainable.

summary

Kwenta is one of the few decentralized derivatives exchanges today capable of allowing users to trade crypto-assets and non-crypto assets such as: Commodities, forex, stocks, etc. same platform, no permission required, censorship. In addition, it also allows investors to participate in finding profits on the DeFi ecosystem even without having to own real assets.

Based on these unique features, Kwenta's role is becoming more and more important for the cryptocurrency market. Investors can follow the news about the project which is constantly updated on TraderH4 so as not to miss the best investment opportunities.

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