How to buy KAR coins? KAR currency exchange purchase tutorial introduction

The full English name of KAR currency is Karura, which is a decentralized financial center platform. It is the sister platform of Acala and the code base of both is almost identical. Karura is a scalable, user-friendly, cross-chain DeFi platform that provides fast services.

How to buy KAR coins?

Today, the editor of the currency circle will use the Ouyi OKX exchange as an example to introduce to investors how to buy KAR coins? The purchase tutorial is as follows:

The first step to register on the Ouyi OKX official website is to enter the official website, then fill in the mobile phone number and password on the registration page, and finally click the [Register] button. If you choose to use an email to register, you also need to verify your mobile phone number, but it is recommended to use your mobile phone number to register.

Step 2: After completing the registration and login, click on the personal center and select identity authentication. Follow the prompts to complete the authentication.

Step 3: Log in to Ouyi OKX account, click [Discover]--[Market] on the homepage to enter the market page

Step 4: Search for Karura’s English abbreviation KAR

Step 5: Click Transaction to enter the purchase page

Step 6: Fill in the purchase quantity and click Buy. If it is selling, fill in the selling amount and click Sell Just go out. Note: The minimum transaction quantity of KAR is 1KAR

##KAR coin project introduction

KAR project implementation mechanism

Acala It is the one-stop defi center of the Polkadot ecosystem and a strong and influential project in the Polkadot defi ecosystem. Acala has many products, including:

1) Stable currency aUsd, benchmarking DAI, USDC

2) Decentralized centers and exchanges, benchmarking uniswap, pancakeswap

3 ) Release liquidity tokens, benchmarking bifrost and stafi

4) Lending

At the same time, Acala is compatible with the Ethereum Virtual Machine (EVM), making it possible to use it in the ecosystem of Ethereum, BSC, HECO, etc. The project can be deployed to Acala very conveniently, which makes it a defi public chain in a sense.

Token usage scenarios:

The token of Acala’s pioneer network Karura is KAR. KAR will be used for the handling fees of the Karura network, the security deposits and nodes deployed by smart contracts and runtime modules. Incentives, algorithmic risk control, and network and protocol governance.

Technical features:

As a pioneer network, Karura is positioned as an innovation test field for finance and NFT. It has the following advantages:

Latest technology stack, rapid iteration;

For the Kusama cultural innovation community;

Try innovative products and new assets, such as NFT, collectible collateral, etc.;

Acala’s online preparation network.

Incentive mechanism:

The bidding slot requires users to pledge DOT to the project party. Therefore, the bidding process is a test of the candidate project party's ability to leverage DOT. In order to attract the support of more DOT holders, the project party’s bidding incentive model will also be an important influencing factor. However, because the bidding process is also a gaming process, some projects are unwilling to disclose their incentive plans in advance.

Acala plans to use part of the ACA tokens as rewards to distribute to DOT holders participating in the auction. The tentative leasing plan is 3 rounds, each round is 2 years, and the total rewards set in 3 rounds account for approximately 10% of the total supply. 34%. At the same time, it is planned to use 50% of the total KAR of Xianxing.com’s Karura network assets as rewards for KSM slot bidding (the current 11% allocation plan is known), and a recommender reward mechanism is set up to encourage more people to support Karura bidding.

The above is the detailed content of How to buy KAR coins? KAR currency exchange purchase tutorial introduction. For more information, please follow other related articles on the PHP Chinese website!