What is Kwenta

Kwenta is a decentralized trading platform for derivatives that provides real-world and on-chain synthetic assets. Currently operating on Optimism, it offers users the opportunity to trade in a decentralized manner. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (KWENTA/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is Kwenta
What is Kwenta

How Does Kwenta Work?

Kwenta provides a range of features to its users, including the ability to purchase or sell a growing variety of synthetic assets, trade with leverage of up to 25x, and earn inflationary rewards by staking KWENTA (coming soon).

There are several benefits to using Kwenta, such as trading with low gas fees and enjoying near-instant transactions on Optimism. Trading on Kwenta is fully on-chain, and its price feeds come from decentralized Chainlink oracles, ensuring that users have access to protected price data.

To begin trading on Kwenta, you will need a Web3 wallet (see “Getting Started with DeFi” for assistance), as well as ETH for gas and sUSD to trade on the Optimism layer 2 networks.

Kwenta operates differently from traditional exchanges, as it does not rely on an order book. Instead, it utilizes the Synthetix debt pool, which is a vast pool of liquidity. This ensures that traders have access to the necessary liquidity at any price point to execute trades. This model requires a stable and immutable stablecoin, such as sUSD.

Where to buy KWENTA Token

You can find KWENTA Token here at MEXC! We are listing KWENTA /USDT in our Innovation Zone!

What is the Price of KWENTA Tokens?

The price of the KWENTA token is $595.73 per unit. It also has a 24-hour trading volume of $1,924,982. You can check the live price of their token right here!

How to buy KWENTA Tokens

You can buy KWENTA Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “KWENTA” using the search bar to see the available trading pairs. Take KWENTA/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of KWENTA 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 KWENTA] to confirm your order. You will find the purchased KWENTA in your Spot Wallet.

You can find a detailed guide on how to buy KWENTA Tokens here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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