KNG is the native utility token used to pay the fees on transactions on Kanga exchange. All fees for services on the exchange are collected in the native KNG token, as this is the only payment accepted.
The emitted amount is 21 000 000 KNG. It is an ERC20 token, and more of its parameters can be seen at etherscan. Despite the limited amount of KNG tokens, releasing all tokens at the same time has been blocked, breaking down this process over a few years. Kanga offers extensive passive income mechanisms. The Proof-of-Stake (PoS) mechanism enables KNG token holders to share in the incomes from all fees charged on the Kanga Exchange platform.
On Kanga Exchange, you will find many functionalities. For instance, if you have tokens, which price is too low to sell, you can always use the Dust Sweep function to swap them for KNG. The exchange also has a SWAP option, which allows community members to purchase tokens they are interested in without analyzing the chart and order book. SWAP is available even if there is no direct market between the tokens. On the exchange, users can also find a launchpad and staking — the possibilities of which are extended for community members staking KNG token.
Kanga Exchange offers many opportunities to earn passive income. One of them is staking. However, KNG has a unique staking, as it has a special autotransfer system, so the daily rewards for staking are increased by a bonus that grows every day.
Autotransfer automatically transfers daily rewards for staking KNG tokens to the staking account. The most attractive benefit of autotransfer is the bonus to the reward that grows every day. For each day that autotransfer is active, the amount of your prize is increased by the current bonus value.
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