Kinka price 

XNK

What Is Kinka (XNK)? Kinka (XNK) is a real-world stable coin launched in collaboration between Daiichi Commodities, a publicly traded company on the Tokyo Stock Exchange (TSE) under the ticker symbol 8746.T, and Crowd Bank, Japan's largest crowdfunding platform.

Key features of Kinka (XNK): * Real-world Asset Backing: Each XNK token is backed by a troy ounce of physical gold securely stored in a vault. This gold is further bonded to the XNK token, ensuring a 1:1 reserve ratio. * Listed Issuer: Unlike many other crypto projects, XNK is launched by Daiichi Commodities, a reputable and established company with a proven track record. Their listing on the Tokyo Stock Exchange (TSE) adds a layer of credibility and accountability to the project. * Partnership with Crowd Bank: The collaboration with Crowd Bank, a leading crowdfunding platform in Japan, signifies XNK's commitment to making gold investment accessible to a broader audience. * Limited Supply: With only 482 tokens currently in circulation, XNK offers a unique opportunity for investors seeking exposure to a scarce asset class like gold. As we add more tokens to the vault we will issue more token. * Bankrupt Remote Storage: The gold backing XNK is stored in a secure vault and is "bankrupt remote," meaning it is not included in the company's bankruptcy estate in case of unforeseen circumstances. * Minimum Redemption: While XNK tokens represent individual troy ounces, physical gold redemption requires a minimum of 10kg or 321.507 XNK. * Multi-chain Liquidity: Currently trading on Bitmart and Coinw, XNK is actively developing bridges to popular blockchains like Binance Smart Chain (BSC) and Polygon. This expansion will allow for the creation of liquidity pools, enabling arbitrage opportunities between centralized exchanges (CEX) and decentralized exchanges (DEX).

Benefits of Investing in XNK: * Invest in Gold: XNK offers a secure and convenient way to invest in physical gold without the hassle of storage and transportation. * Fractional Ownership: Unlike traditional gold investment, XNK allows for ownership of smaller fractions of a gold bar, making it accessible to a wider range of investors. * Transparency and Trust: The partnership with established institutions like Daiichi Commodities and Crowd Bank fosters trust and transparency within the XNK ecosystem. * Potential for Growth: The limited supply and expanding functionalities of XNK on various blockchains present potential for future growth. Conclusion: Kinka (XNK) addresses the challenges of traditional gold investment by offering a secure, transparent, and accessible tokenized solution. Backed by a reputable company and partnered with a leading crowdfunding platform, XNK is poised to revolutionize the way people invest in gold.