Kunji Finance

We hosted our first community call after the beta launch last Thursday on Discord.In case you missed it, we’d like to briefly explain what we discussed in the call. Let us cover everything one by one.Introduction to the Kunji Finance PlatformBefore we start, we have a few questions for you.How many of you find no time to trade? Or, have you lost money due to a lack of market research? To manage your wealth better, you have to be a good trader.How many of us are great traders? Very few. How many of us wish we could get returns like great traders? All of us. This is what Kunji Finance is enabling. Get expert asset managers to generate wealth for you while you have full control of the custody of your funds.We are building Kunji Finance, an asset management platform that connects asset managers with liquidity providers/Investors. Asset managers at Kunji Finance create strategies based on discretionary investment theses that run long and short strategies.Learn more: <a href="https://medium.com/&#64;Kunjifinance/introduction-to-kunji-finance-23f80eed6a67" rel="noopener noreferrer nofollow">https://medium.com/&#64;Kunjifinance/introduction-to-kunji-finance-23f80eed6a67</a>How do strategies work?Kunji is a platform on which skilled and experienced traders can create strategies, and users can invest in them. These strategies contain only liquid tokens whitelisted through the governance process. At Kunji, anyone with good trading experience and risk management skills can create their own strategy.For creating the strategy, one can fill out the form available on the website. They can become the asset manager with the voting mechanism per the guidelines.Currently, in beta, there is one strategy available: Alpha Blue Chip, which is being run by the Kunji internal asset management team. This is for the cold start, and we will soon be onboarding more asset managers to have multiple strategies on the platform.Asset manager application form: <a href="https://docs.google.com/forms/d/e/1FAIpQLScui7-dSlU0zMWMIM9x9nD3BCr-0zD5UnfHWfyv6Rm7lExsRw/viewform?pli&#61;1" rel="noopener noreferrer nofollow">https://docs.google.com/forms/d/e/1FAIpQLScui7-dSlU0zMWMIM9x9nD3BCr-0zD5UnfHWfyv6Rm7lExsRw/viewform?pli&#61;1</a>Early Adopter ProgramThe early adopter program was introduced by Kunji Finance in the last week of May and was concluded in early July. Each participant in this program minted 100 yKNJ per wallet. This yKNJ serves as a passport identifying early adopter wallets. Early adopters have benefits, which include KNJ tokens (our native token), early access, and other rewards. Since the early adopter program has ended, getting early adopter tokens is no longer possible.We have 25k early adopters, out of which 500 were whitelisted for beta access Phase I.Learn more: <a href="https://medium.com/&#64;Kunjifinance/kunji-finance-early-adopter-program-f854ac3c31a9" rel="noopener noreferrer nofollow">https://medium.com/&#64;Kunjifinance/kunji-finance-early-adopter-program-f854ac3c31a9</a>Whitelisting CampaignIn phase 1, we extended whitelisting to only 500 wallets from among the 25,000 early adopters. Initially, these 500 users were required to invest a minimum of 50 USDC to become eligible for KNJ tokens and principal cover. However, in response to extensive feedback from the community, we have decided to eliminate the minimum investment requirement.Currently, whitelisted users have the flexibility to invest any amount they choose, and for every USDC invested, they will earn 2x KNJ tokens than promised, with a maximum cap of 100 KNJ tokens, depending on the amount and duration of the investment.Please note that if you invested $50 before the “no minimum investment” announcement, you will receive a $50 principal cover per the previous announcement.Learn more: <a href="https://medium.com/&#64;Kunjifinance/update-beta-access-phase-i-e048064e846e" rel="noopener noreferrer nofollow">https://medium.com/&#64;Kunjifinance/update-beta-access-phase-i-e048064e846e</a>Waitlisted UsersThe waitlist was created with the objective of engaging with people interested in Kunji Finance before the product launch. The waitlist was active, and people could refer their friends and jump the rank on the waitlist. However, we have closed the waitlist as the product is live. There will be rewards for waitlisted people. More details about this will be announced in the future.Stay tuned here for more: <a href="https://t.me/kunjifinance" rel="noopener noreferrer nofollow">https://t.me/kunjifinance</a>KNJ TokenKNJ is our native token, which is yet to be listed and has a fixed supply of 100 Million. The primary use cases of KNJ tokens include:<ul><li>Principal cover to investors</li><li>Governance</li><li>Staking</li></ul>Please do not confuse KNJ tokens with yKNJ tokens. yKNJ is our early adopter token. It acts as a passport to users who are early adopters of Kunji Finance.Learn more about KNJ tokens: <a href="https://docs.kunji.finance/kunjifinance/tokenomics" rel="noopener noreferrer nofollow">https://docs.kunji.finance/kunjifinance/tokenomics</a>We also demonstrated how to use the platform in the call. If you have any queries, feel free to post them in the community.See you next week!Weekly Community Call Recap, August 31, 2023

Weekly Community Call Recap, August 31, 2023

Kunji Finance

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