What is Konomi Network (KONO)?
KONO is the native token of Konomi Network, which is a one-step asset management solution. The goal of the Konomi network is to provide users the ability to manage their Konomi crypto holding positions, trade assets, and earn income via decentralized versions of traditional financial products.
The Konomi Network consists of three main products – Konomi cross-chain Oracle Machine, Konomi P2P Lending, and Konomi staking contract. Konomi Oracle provides a price quotation for the on-chain transaction based on the off-chain transaction pricing. Konomi Lending allows users to lend and borrow crypto assets based on the P2P lending module. Konomi staking contract allows projects to initiate their own staking contracts without rewriting the staking contract.
The Konomi Network price chart above features the recent movements in the KONO price. Make sure to check it out.
Use Cases of KONO Tokens
KONO tokens are the driving force of the Konomi Network crypto project. KONO is based on the ERC-20 token standard. The following are its main use cases:
- Governance. KONO holders have the power to vote on how the protocol is designed and implemented.
- Incentives. KONO tokens are used as an incentive for individuals who utilize Konomi Network goods and offer liquidity to the market.
- Staking. Konomi crypto assets can be staked to secure the safety of the debt position in Konomi Lending and collect money from the sharing protocol.
Don't forget to analyze the Konomi Network price chart. Knowing the current and the previous KONO price will help you to make better purchasing decisions.
Who Founded Konomi Network?
The Konomi Network crypto project was founded by Ariel Ho. Ariel has worked as an entrepreneur in internet businesses for over 7 years. He is also the creator of High Mall IndoorNavigation, which is an indoor navigation solution.
Other core members of the leading team are Shengmu Liu, Jayden Antonio, and Yuqing Zhao.
Shengmu Liu is the Chief Technology Officer of the Konomi Network. He has been an entrepreneur for over 5 years and has previously worked as a data analyst at Shopee and as a software developer at a company in the healthcare industry.
Jayden Antonio, who serves as Chief Operating Officer, has over 8 years of experience as an entrepreneur in the field of technology companies. He is also the creator of various technology companies, including Mileslife Singapore and Wecharge.
Yuqing Zhao, the Chief Marketing Officer, has over 7 years of expertise in community development and advertising on social media.
Tokenomics of KONO
The max supply of KONO tokens is set at 100 million. Inflation of the KONO price is controlled through a combination of burn events and buybacks using exchange fees. As more users join the Kono ecosystem and drive demand for KONO, the value of the token is expected to increase.
Furthermore, Kono plans to use a portion of its profits to continuously buy back and burn KONO tokens, reducing overall supply and increasing scarcity for holders. Overall, the tokenomics of the Konomi Network coin are designed to incentivize participation in the Konomi ecosystem and increase value for holders over time.