MUX Protocol

Kenshi

Token

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-into-kenshi-and-mux-protocol-emerging-altcoins/" data-wpel-link="internal">Insights into Kenshi and MUX Protocol: Emerging Altcoins</a><br></p>
<p style="text-align: justify">Predicting which crypto project will experience significant gains in the world of Bitcoin and <strong>cryptocurrencies</strong> is challenging due to the sheer number of altcoins. However, from time to time, there are opinions about certain projects. These opinions at least provide valuable guidance for investors.</p> 
<h2 style="text-align: justify" id="altcoin-kenshi-kns">Altcoin Kenshi (KNS)</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoin-stabilizes-while-altcoins-decline-dogecoin-faces-potential-loss-amid-sec-scrutiny/" data-wpel-link="internal">Altcoin</a> <strong>Kenshi</strong> is producing products specifically designed for and by developers, in close collaboration with a network of partners and protocols. Altcoin Kenshi stands out by helping the builder community overcome complex challenges.</p> 
<p style="text-align: justify">Kenshi’s ecosystem facilitates the creation of data flows between Blockchain and off-chain data sources. Thanks to its dashboard and APIs, developers can unlock new possibilities on the Blockchain by enabling seamless interaction between external dApps and <strong>Blockchain</strong> data.</p> 
<h2 style="text-align: justify" id="the-unchained-network">The Unchained Network</h2> 
<p style="text-align: justify">A new addition to Kenshi’s offerings, the network named <strong>Unchained</strong>, appears as a decentralized, peer-to-peer network for data verification. In this system, Unchained nodes collaborate to verify data and are rewarded with KNS tokens.</p> 
<p style="text-align: justify">Consumers can then query verified data in exchange for <strong>KNS tokens</strong>. This makes Unchained an economically autonomous platform for data verification and exchange. Additionally, Kenshi’s services are compatible with eight Blockchains, including Ethereum, Arbitrum, Aurora, Avalanche, Bitgert, BNB Chain, Fantom, and Polygon.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-305401 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/kenshi-cointurk.png" alt="" width="589" height="796"></p> 
<h2 style="text-align: justify" id="kns-token">KNS Token</h2> 
<p style="text-align: justify"><strong>Kenshi token</strong> (KNS) serves as a utility token that allows users to access the Kenshi ecosystem. Its value is currently quite low, with a price tag of $0.021. Here are the details for Kenshi:</p> 
<ul style="text-align: justify"> 
 <li>Market Cap: $16.5 million.</li> 
 <li>Circulating Supply: 860,000,000 KNS.</li> 
 <li>Total Supply: 1,000,000,000 KNS.</li> 
 <li>Maximum Supply: 1,000,000,000 KNS.</li> 
</ul> 
<p style="text-align: justify">Key services of the Kenshi token include:</p> 
<ul style="text-align: justify"> 
 <li>Products and Services: Users can use the token to unlock access to various products and services of Kenshi.</li> 
 <li>Voting: Users can use the token to vote on community issues or influence the direction of the Unchained network.</li> 
 <li>Staking Mechanism: The protocol implements a Liquid Proof of Stake consensus mechanism. Validators stake KNS tokens to enhance the security of the Unchained network.</li> 
 <li>Maintaining an Active Node: While users can use KNS to access verified data stored on the Unchained network, validators receive these tokens as compensation for maintaining an active node.</li> 
</ul> 
<h2 style="text-align: justify" id="altcoin-mux-protocol-mcb">Altcoin MUX Protocol (MCB)</h2> 
<p style="text-align: justify"><strong>Mux Protocol</strong> offers investors a meticulously prepared comprehensive protocol package for a unique trading experience. The protocol achieves this by consolidating liquidity and comparing all underlying continuous decentralized exchanges (DEXs), thereby offering investors the most suitable position.</p> 
<p style="text-align: justify">At the heart of Mux Protocol is the MUX Perpetual Aggregator, the first decentralized perpetual trade aggregator. This innovative tool offers investors deep pooled liquidity, cost-effective trading, leverage up to 100x, a variety of market options, and distinctive features such as smart position routing, collective position tracking, leverage enhancement, and liquidation price optimization.</p> 
<p style="text-align: justify">The MUX Perpetual Aggregator is seamlessly integrated with leading perpetual liquidity sources such as GMX (V1+V2), Gains, and the MUX native pool. The protocol operates compatibly across multiple Blockchains, including Arbitrum, Optimism, Avalanche, BNB, and Fantom.</p> 
<h2 style="text-align: justify" id="core-components-of-mux-protocol">Core Components of MUX Protocol</h2> 
<p style="text-align: justify">MUX Perpetual Aggregator: This decentralized sub-protocol within the MUX package automatically selects the most suitable liquidity route. It also minimizes compound costs for traders while meeting position opening requirements. The aggregator also provides extra margins, optimizing liquidation prices and offering up to 100x leverage among the base protocols.</p> 
<p style="text-align: justify">MUX Native Trading Protocol: This decentralized perpetual trading protocol offers zero price impact trading, up to 100x leverage, no counterparty risk for traders, and an optimized on-chain trading experience. Investors interact with the MUX native pool (MUXLP pool) in this native trading protocol.</p> 
<p style="text-align: justify">Notable statistics for the aggregator include a total liquidity of $612 million, cumulative trading volume of $28 billion, current open positions of $20 million, and cumulative protocol revenue of $18 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-305402 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/mcb-token-cointurk.png" alt="" width="544" height="510"></p> 
<h2 style="text-align: justify" id="mux-protocol-tokens">MUX Protocol Tokens</h2> 
<p style="text-align: justify">The protocol encompasses four tokens: <strong>MCB</strong>, <strong>MUX</strong>, <strong>veMUX</strong>, and <strong>MUXLP</strong>. MCB serves as the primary token of the protocol. Users can lock MCB to receive veMUX in return, gaining access to protocol revenue and MUX rewards.</p> 
<p style="text-align: justify">The data related to MCB is as follows:</p> 
<ul> 
 <li style="text-align: justify">Market Cap: $37 million.</li> 
 <li style="text-align: justify">Circulating Supply: 3,821,523 MCB.</li> 
 <li style="text-align: justify">Total Supply: 4,803,143 MCB.</li> 
 <li style="text-align: justify">Maximum Supply: 4,803,143 MCB.</li> 
</ul> 
<p style="text-align: justify">In the past few months, <strong>MUX Protocol</strong> has experienced significant growth and has established itself as one of the top-tier perpetual DEXs. The protocol is also actively monitoring market dynamics to compete with CEXs and implementing strategies such as reducing certain fees. Moreover, MUX is continuously evolving its clear roadmap in response to the market’s demands.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-into-kenshi-and-mux-protocol-emerging-altcoins/" data-wpel-link="internal">Insights into Kenshi and MUX Protocol: Emerging Altcoins</a></h5>

Insights into Kenshi and MUX Protocol: Emerging Altcoins

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