Decentralized finance, DeFi, has created a new approach to the world of finance, by eliminating traditional intermediaries and implementing blockchain-related technologies, such as wallets, digital assets, and smart contracts, and piggybacking on DeFi a great example of this is Keninah Concord (KEN), which is a new crypto token.
Keninah Concord (KEN) will remove the current issues surrounding transparent and traceable donations to war victims, and increase the faith donors have lost in humanitarian aid agencies through the elements of decentralized finance.
What is Keninah Concord (KEN)?
Keninah Concord (KEN) is a decentralized platform utilizing the benefits of DeFi to give donors complete transparency and prompt delivery. Keninah Concord (KEN) is focused on the nonprofit sector and how the integration of distributed ledger technology can provide immense advantages to users.
Keninah Concord (KEN) intends to address donors’ concerns, in terms of funds misappropriation and glitch in transactions, by creating a giving-receiving channel that takes out financial intermediaries and other factors posing a risk to the fair distribution of collated charity funds.
Donors on the platform will be assured of complete transparency and accountability, as the network provides receipts with full details of each transaction stored on the blockchain, and tracking is available to monitor the movement of the token and witness its eventual use.
The platform will support smart contract functionality, enforcing an immutable system, emphasizing paramount security that ensures the funds’ transfer is only executed when the agreed conditions are met.
Furthermore, Keninah Concord (KEN) intends to build a permissionless blockchain that can be operated by any non-profit organization and allow them to enjoy the benefits that Keninah Concord (KEN) network provides, in terms of a feeless system, complete decentralization, and higher TPS.
Keninah Concord (KEN) Tokenomics
Like every other blockchain-powered platform, Keninah Concord has a token and its native token is called KEN, and it is capped at five billion for supply.
The Keninah Concord (KEN) token has a smart contract and a fee of 10% on every transaction. The 10% and 5% of this will be sent to the Keninah Concord (KEN) donation wallet.
Also, KEN will serve as the governance token, giving donors absolute power concerning decisions made on the platform. Cryptocurrency donations will also be converted to KEN and then exchanged for the local fiat currency of the intended destination.
Has Keninah Concord(KEN) Began Pre-sales?
Already in phase one of pre-sales, Keninah Concord (KEN) has received positive attention from buyers due to the profit system in place. Buyers who get the token using Ethereum (ETH) get 11% extra KEN tokens to their wallet, with 12% when bought with Solana (SOL) and 14% more when purchased with Tether USDT on the TRON network.
Additionally, buying 200 dollars worth of KEN gives a 2% total token bonus, and earnings up to 30 dollars worth of KEN when the buyer uses the referral code. So it could be a great way to make extra money, which will make the platform more popular.
Keninah Concord (KEN)
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