Kujira (KUJI/USDT – Trade it here) is a new Layer 1 blockchain launched very recently that aims to build something unique. What the team calls it is “Grown-up DeFi”. It is currently a liquidation market ORCA and a decentralized order book FIN which provides users with real, sustainable yield through the re-allocation of network fees to their users.
What is Kujira used for?
Kujira is committed to leveling the playing field in decentralized finance by building dApps for regular crypto users. It is a team of finance, blockchain & software development experts specifically targeting areas of DeFi typically reserved for ‘techies’ or elites (people with access to bots or large capital). The team is committed to helping retail investors go beyond Exchanges, Staking, and ICO’s to open up opportunities that were once reserved for the whales and elites.
Its mission is to build tools that are easy and cost-effective to use for everyone, from novice crypto enthusiasts to seasoned retail investors, regardless of their chain of choice, without needing to risk more than they can afford to lose.
Core features of Kuji
Kujira protocol has three main characteristics. It is semi-permissioned, incorporates an on-chain scheduler, and provides a native token generation. Let’s look into one by one of those characteristics as defined by the team.
To be accepted on Kujira, a contract must be voted in by the community via governance. This protects the quality, sustainability, and longevity of the network. A revenue-generating hub with superior UX that is close-knit. That’s where the “Grown-up DeFi” term is derived from. No more meme tokens, scams, or protocols for teams to make a quick profit from unsuspected investors.
On-chain scheduling allows protocols to be designed without the need for bots. This means there are far fewer useless transactions. Protocols may be designed to operate more smoothly, and fees that were formerly used to kickstart bot activity can now be paid back to network users.
Native Token Generation
Developers of smart contracts no longer need to manage two separate entry points into their contracts, only having to design for a native “denom.” As a result, every token on the network will be a native Cosmos token, and KUJI stakers will earn compensation from liquidation and trading revenues (with more to come).
How does Kujira work?
The first and only public marketplace for liquidated collateral is Island Crypto. It’s no longer just a game for robots. You may now participate in securing your favorite assets while also saving money on them (and earning interest while you wait). Orca allows users to liquidate multiple assets across the whole Cosmos ecosystem in a straightforward way.
The heart of the Kujira ecosystem is this. It’s where you may participate in developing the protocol’s future by participating on the Governance Board. You can also stake KUJI to earn a share of Kujira’s income at this location.
BLUE provides users with a dashboard where users can do anything Kujira-related. Swap tokens, vote for governance, bridge tokens, and claim rewards are among the many things someone can do on Kujira Blue.
FIN is Cosmos’s first decentralized, permissionless, and 100% on-chain order-book-style cryptocurrency.
According to the team, liquidity pools are no longer fit for purpose. FIN creates a fully decentralized trading experience that eliminates the need for inflationary incentives and bots and the danger of irreversible loss. It provides a real-time user experience for crypto users to trade in a familiar environment while minimizing risks.
Tokenmics of Kuji
All the dApps in our suite benefit from the use of $KUJI either through utility or staking.
A Utility Token: When paying our fees in $KUJI, users will enjoy discounts of between 50-90% of the UST value.
Staking Rewards: Users depositing into our $KUJI-UST liquidity pool will receive $KUJI at a TBD% APY daily (auto compounded).
Funding Stability: ORCA has two ongoing income sources: UST from the fees incurred when liquidations execute and $KUJI from withdrawals made by users. These funds will flow directly into the liquidity pool to support the price stability of the token.
About the team
The majority of the team has over a decade of working together building software for a wide range of industries. The team has experienced all the highs and lows that come with the territory. We’ve failed and rebuilt, and we’re all the better for it. The team is bonded by a passion for building and a shared vision of the future, a future they hope to help manifest through the products we create.
Recent Kuji Token Price & Performance
Since listed on MEXC in August 2022, Kuji reached the highest price (ATH) of 1.950 USDT, and the lowest price was 1.021 USDT during the past 30 days.
How to buy Kuji Token?
You can buy Kuji on MEXC following the steps:
- Search “Kuji” using the search bar to see the available trading pairs. Take Kuji/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of Kuji you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy Kuji] to confirm your order. You will find the purchased Kuji in your Spot Wallet.
Interested in crypto like Kuji?
MEXC lists moonshot and provides access to trading of major crypto coins like Kuji. Keep an eye on our listings in Innovation and Assessment zones and major tokens in the Main Zone – we have more great projects to come! Also, visit the hot projects section to find more hot tokens that were listed already. If you want to know more about crypto trading, visit MEXC Academy.