As the cryptocurrency market continues to mature, crypto projects also continue to develop further driving the evolution of the market. So far, we have looked at cryptocurrency projects with a fixed supply of native tokens. The main goal here is to create scarcity and push crypto prices higher.
In the blockchain industry, there are so many cryptocurrency platforms that have their own features and have their own origins from the sole purpose of making transactions and much more, solving the current dispensation problem in traditional banking systems.
bUKH
However, the bUKH platform is not only here to solve the traditional banking system but is also here to be a solution for every user who has difficulty on several other platforms and also considers the security of every user who is a bUKH channel. platforms.
Below I will explain or detail the uniqueness of the bUKH platform and where it came from.
What is BUKH?
It is a platform built in blockchain industry built to serve, solve end to end user problems like token purchase, token sale and many more deploy DeFi system and have great features following Himegami protocol which has the best services, letter b means “ bond” which means BUKH is a container that functions as a cooperative bond that has a wallet as a shinobi wallet.
ORIGIN OF HIMEGAMI:
The Himegami protocol originates from Japan where bUKH operates within the Himegami protocol which has tokens as KGR, which is the first decentralized system used by Japan to manage stable tokens.
As the cryptocurrency market continues to mature, crypto projects also continue to develop further driving the evolution of the market. So far, we have looked at cryptocurrency projects with a fixed supply of native tokens. The main goal here is to create scarcity and push crypto prices higher.
Now, we believe it is time to create an elastic supply of decentralized digital currency. KGR is one of the dynamic and fully decentralized elastic supply protocols that aims to meet the liquidity needs of the wider crypto market, and more importantly, to solve the problem of market manipulation.
The KGR cryptocurrency achieves a better balance of supply and demand because it perfectly correlates the price of a synthetic asset with the price of its underlying asset. The KGR token is essentially an elastic cryptocurrency with a price target of 1 Japanese Yen adjusted for inflation. The price of KGR can be higher or lower than 1 Yen, but supply is always adjusted to meet the target of 1 Japanese Yen (¥). If high demand pushes the price higher above 1 Yen, Himegami protocol will add more supply creating selling pressure and rebase action. To distribute KGR tokens to token holders, the system will be able to issue 100,000 tokens per rebase then sell them on public exchanges following the first-come-first-serve rules. Unsold tokens on that day will be burned. This method is implemented in smart contracts.
Himegami rebase system is applied every 1385 minutes for supply rebase. The rebase function is a new concept for the crypto market and is basically related to smooth supply for decentralized elastic supply tokens like KGR.
As the KGR token expands and contracts based on demand and supply, the rebase mechanism ensures that the ownership percentage for users remains the same.
We envision the Himegami protocol to be a hedging asset for all crypto worlds as well as the growing Decentralized finance (DeFi) sector. KGR stability can help DeFi investors to reduce their dependence on several centralized stablecoins. It can serve as a hedge asset, DeFi collateral, and a stable medium of exchange for the entire crypto space.
We position KGR as a useful crypto token and collateral asset for Decentralized Finance (DeFi). Its unique qualities such as decentralized, profitable, self-regulating and more stable assets, make it important for DeFi. In the future, KGR may have several different applications and could be used to complement other DeFi projects such as Tezos, Polkadot, Cardano and others.
Furthermore, programmatic rebasing protocols aim to solve the problem of massive fluctuations in liquidity and volatility by making them more predictable and beneficial for everyone involved. This allows us to position Himegami not only in the current crypto ecosystem, but also create a number of new applications for it in the future private DeFi ecosystem that many people have never even thought of.
The token name is sUKHI.
Its symbol is sUKH.
The total number of issuances is 500,000,000 BUKH.
The UKH token allows users to receive dividends from the sale of the Shinobi wallet.
bUKH tokens:
The token name is BUKHI.
Its symbol is BUKH.
The maximum issuance amount is 500,000,000 sUKH.
Official KGR Launch
On December 27th at 9:00 a.m. UST, Uniswap KGR trades go live.
We made our first and only KGR offer that is fully open to the public and 100% unlocked On December 26th and we hit the maximum limit of $5,000,000 in 3 minutes.
In summary, the platform is a unique one which as at 15th January 2021, the initial release of the number of KGR was 170 million KGR which 1% of the total supply of KGR will be release through the smart contract medium for each rebase.
I assure every user or merchants to hop on to this great platform simply because it is having a great future prospects with it’s features that is listed in this article and for more features please do visit the website below.
#bUKH #himegamiprotocol #cryptobukh #KGR #bUKHbounty #cryptocurrency #DeFi #bounty #token #aladdincenter #shinobiwallet
For more detailed information:
Website: https://himegamiprotocol.org/
White Paper: https://drive.google.com/file/d/1_7HWMxg7txliig-DFtiRiZH-z4KrWD3K/view
Twitter: https://twitter.com/himegami_pro
Telegram: https://t.me/himegamiprotocol
Instagram: https://www.instagram.com/himegami_official/?utm_medium=copy_link
Media: https://himegamiprotocol.medium.com/poa
Author : harum93
bUKH address: ( Shinobi Wallet ) : 0x7b69469e4eb0CD333c0F2B16416C87915f98487c
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