What is Kuma?
Kuma is the native token that is used in the Kuma Breeder. Kuma Breeder is a yield farming protocol which offers a fresh approach to farming $dKuma tokens. The Kuma Inu community can gain from the fair distribution system which ensures that the whole community benefits from the Kuma breeder farming pools. The Kuma token is also going to be used a fully decentralized autonomous governance system that the community will have full control of. They will be able to vote to control the entire process of marketing, development, and other parts of the project.
Key features of KumaDex Include:
Similar to traditional automated market makers.
Traders don’t have to rely on Centralized Exchanges (Counter-parts) to place trades.
By interacting with KumaDex vAMM smart contracts, traders can gain exposure to derivatives of any assets on the market. While most decentralized derivative trading platforms face liquidity concerns, the KumaDex vAMM offers consistent on chain liquidity.
KumaDex platform utility and governance token dKUMA is built with a deflationary economic design.
50% of the platform trading fees will be allocated towards omen buyback & bum in order to offset rewards token emission and increase scarcity of dKUMA.
How many Kuma Coins are there in circulation?
Kuma launched its v1 token on 05/12/2021 with 1 Quadrillion tokens. Originally 50% of supply was sent to Vitalik Buterin’s wallet. 25% was Listed on Uniswap, 12% was set aside as a ecosystem fund, for development and marketing, 3% was sent to our early investor Shiba Inu, and 10% was allocated as founder tokens and locked. With 50% of our supply being sent to Vitalik, we decided to relaunch the token and instead sent those tokens to the dead address.
Every open position on Kuma DEX contains a margin and notional. The margin here makes reference to the actual collateral that is used to back a position.
The notional is the size of the position after leverage is considered and is denominated in underlying assets. The ratio of the margin vs the notional size will produce the margin ratio.
Liquidation will happen when a user’s position margin drops to 6.25% or lower and is triggered by bots. Bots get rewarded approximately 1.25% of the remaining notional for performing this service. The rest of the margin is then placed in the protocol insurance fund.
Who are the Developers of Kuma Inu?
The developers of Kuma Inu are anonymous, but they have developed and worked on many other successful projects like $Leash and $Shib. Shiba was also a early investor into Kuma supplying us with our initial liquidity.
Where Can I buy Kuma?
Buy and Sell Kuma at the world’s Leading Cryptocurrency Exchange Platform, BitYard.
BitYard, founded in late 2019 and headquartered in Singapore, is the world’s leading cryptocurrency derivative exchange. As one of the fastest-growing exchanges, BitYard has continuously improved its platform to bring BitYard users many advanced trading services. With the current company slogan “Grow Your Future in the Yard”, BitYard is fully committed to helping global traders to invest in their own future through its one-stop financial trading services.
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