Keninah Concord (KEN), Binance Coin (BNB), and Waves (WAVES) Set To Take Over The Cryptocurrency Market
Over the years, global events have dramatically affected the existence of humanity, from natural disasters like floods and tsunamis to man-made occurrences like wars. The effects left behind by these occurrences are fatal and long-lasting. Keninah Concord (KEN) news…
Economic sanctions are sometimes placed when these events occur, and people can not access their financial institutions. Some cryptocurrency development teams have launched charity campaigns that donate a percentage of their profits to help support affected areas during disasters. Keninah Concord (KEN) is designed to provide aid to war victims.
Keninah Concord (KEN)
Keninah Concord (KEN) was conceived as a cryptocurrency donation protocol to provide war victims worldwide with a safe passage from the terrible event of war. Keninah Concord (KEN) is a fully decentralized platform that engages in all the benefits of Decentralised Finance (DeFi).
Keninah Concord is a community-based digital asset built on the Binance Smart Chain (BSC). Binance Smart Chain was chosen because of its transaction speed, so these war victims can get help in a matter of minutes. Keninah Concord (KEN) uses smart contracts that enable these funds to reach their destination in record time.
Keninah Concord (KEN) ensures that the donated funds reach their destination by tracking the tokens from where they are donated to when they are eventually converted to local fiat. Keninah Concord (KEN) also verifies the recipients’ identities and reports their use of funds on the blockchain.
Keninah Concord (KEN) has also provided a payment gateway, which will enable donors from other blockchains to convert their assets to KEN tokens and make donations. The Keninah wallet will allow users to send their donations quickly and directly to their intended destinations while tracking the movement of the donated tokens. Receipts that bear the full details of transactions are stored on the blockchain; this helps provide transparency and increase the donors’ trust.
A smart contract has been embedded in the KEN token, which would charge a fee of 10% on every transaction. The 10% will be distributed in three ways; 4% is to be redistributed back to all token holders, 3% is to be split equally to KEN/BNB to fund the liquidity pool for stakers, and 3% is to be sent to a Keninah charity wallet, where the donated funds are kept.
Binance Coin (BNB)
Binance Coin (BNB) was founded in 2017 as the official token of the Binance exchange. Binance coin (BNB) has many uses as the official token of the ecosystem. Binance Coin is used as a trading fee on the Binance decentralized exchange (DEX).
Staking activity is also offered on the Binance platform, where users can lock their Binance coins (BNB) for a while. Stakers can earn above 25% annual interest rate for a duration of 15 days.
Some traveling platforms accept flight and hotel booking payments in Binance Coin (BNB). Virtual gifts can also be purchased on some websites using BNB. Binance tokens (BNB) are burned quarterly to reduce the total number of tokens in circulation.
The first-ever-blockchain-enabled charity platform, Binance charity, whose goal is to close the poverty gap and ensure an equal future for all individuals, has provided a lot of help by donating a percentage of profit from the Binance platform to areas affected by one disaster or another around the world.
Waves (WAVES) is a decentralized, multi-purpose blockchain platform that supports many utilities. Waves (WAVES) improved on the early blockchain platforms by increasing speed and user-friendliness.
Waves (WAVES) blockchain allows users the opportunity to create their custom tokens. These new custom tokens can be traded on Waves (WAVES) decentralized exchange. The native token of the Waves blockchain is called WAVES.
In 2020, Waves (WAVES) announced its interoperability with the Ethereum blockchain and has since been a standard ERC-20 asset. Waves (WAVES) supports smart contracts and decentralized application (dApp) development, ensuring speed and ease of use. Waves (WAVES) also launched the Covid-19 charity campaign to help organizations in need of financial assistance fighting the global pandemic.
With the most significant goal of Keninah Concord (KEN) being to support the victims of war, many individuals and organizations will support this movement. Therefore, Keninah Concord (KEN) is expected to make a positive impact on the crypto industry.
For more information, visit: