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kokoa Kokoa Finance #
0.00 USD -2.51% 0.00
0.00 0.00
Circulating supply 0
Total supply 1B
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kokoa Price

Current Price 0.00 USD
Price Change 24H 0.00 USD
Price Change 24H -2.51%
Price Change 7D -5.57%
Price Change 14D 2.33%
Price Change 30D 16.27%
Price Change 60D -30.98%
Price Change 1Y 0.00%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 0.01 USD
ATH Change -75.06%
ATH Date 2022, Oct 29

kokoa Markets

Last price: 0.00 USD
Last price: 0.01 0X0000000000000000000000000000000000000000
Spread: 0.60%
24H Volume:
3.2K USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Kokoa Finance

# What is Kokoa Finance (KSD, KOKOA)?

Kokoa Finance is the first crypto-asset-backed stablecoin platform built for the Klaytn blockchain. Kokoa Finance is permissonless and entirely on-chain, adopting two-token system: KSD and KOKOA. KSD is decentralized stablecoin operating by collateralizing crypto-asset, whereas KOKOA is a governance token for KokoaDAO.

KokoaDAO is a decentralized organization targeting to manage the sustainability and soundness of the KSD monetary system. Users can participate in KokoaDAO by staking KOKOA.

# What Makes Kokoa Finance Unique?

Aforementioned, KSD is a crypto-collateralized decentralized stablecoin, provided exclusively by Kokoa Finance. Using Kokoa Finance, users can borrow KSD stablecoin without paying any nominal cost.

Furthermore, Kokoa Finance internally utilizes “Flash Mint” mechanism, allowing users to easily create leveraged positions. These features contribute to the construction of user-friendly ecosystem, which in turn promote the growth of the entire network.

# How are KSD minted and how does KSD maintain its price stability?

KSD is a crypto-asset-backed stablecoin, maintaining its price stability via managing various types of collaterals in vaults, and also charging stability fee. Collateral Vaults are constantly monitored with price oracles. Based on the monitoring result, long-term demand and supply of KSD is adjusted thereby conserving its pegging with USD.

Moreover, KokoaFarm Labs has also launched i4i, its StableSwap DEX of which functionality is expected to be expanded as it combines CryptoPool. As a consequence, KSD prices can also stay stabilized for some short-term period