Exnetwork Capital’s latest investment Kujira is about to make waves in the DeFi community. Their mission is to promote DeFi technology and open the space up to virtually anyone, levelling the playing field, and making it easy to participate in this critical aspect of DeFi.
Exnetwork is no stranger to supporting DeFi startups. The company is looking forward to starting the expansion and growth of the Kujira project through their marketing initiatives. They’ve seen how the dApps market is growing, and how this could change the way that they work and communicate for the better. dApps hold the potential to reshape the web.
“We first chatted with Eric at Exnetwork and we were blown away by his passion and portfolio of projects. We’ve since worked with many other members of the Exnetwork team, and we now know that they are all equally as passionate about the projects that they invest in and support. We look forward to a long and happy partnership.” — Kujira Team
In a study by Emergen Research, dApps market size was valued at USD 10.52 billion in 2019, and is expected to reach USD 368 billion in 2027. The fascinating world of dApps is still yet to be harnessed, and Kujira is at the forefront.
Kujira Wants to Level the Playing Field
Kujira is committed to making decentralized finance accessible to all. From the rookie crypto trader to the seasoned enthusiast, to the hardcore retail investor, Kujira wants to build tools that are uncomplicated and cost effective for everyone. Regardless of their chain of choice, their DeFi dApps are built for regular crypto users that’s safe and efficient, without needing to risk more than they can afford to lose.
Kujira’s first and latest DApp called ORCA enables you to buy, sell, and trade digital assets, similar to solutions we use today, such as PayPal or RobinHood, but just on a decentralized network. Kujira’s goal is for ORCA to be utilized across Solana, Thorchain, and any other blockchain that has a money market with borrowing.
Already in development, Beluga allows users to send any CW20 token on Terra to multiple addresses simultaneously in a single transaction. The use cases for this are extensive: it’s an incredibly easy way for VCs to pay members. Kujira’s goal for Beluga is for retail users and crypto companies to use it in multiple ways, including using it for payroll.
With $KUJI tokens, users can benefit from the use of $KUJI either through utility or staking through all the dApps in Kujira’s suite. Currently, it’s being utilized on ORCA, with more products in the pipeline. Users can enjoy discounts of between 50–90% of the UST value when paying fees in $KUJI. The Kujira team’s plan is for the $KUJI token to be used across multiple products in a very “real world utility” way.
They’ve seen the power of peer-to-peer, blockchain-based financial systems that don’t rely on a central point of control. These dApps can facilitate financial transactions just as well as any regulated entities.
Kujira is the first entity to get a grant from Anchor governance, with its protocol built on top of the Terra (LUNA) network. They are working hand in hand with Anchor and TFL, and will continue to do so as they further develop ORCA, BELUGA and other exciting new products. 2022 is expected to bring advancements on blockchain-based, DeFi technology and its applications, and they’re excited to see where Kujira goes from here.
Get to know Exnetwork Capital
Exnetwork is Philippines #1 crypto fund with strong ties to every major geographical crypto community in the world. It’s exceptional network include several DAOs, telegram communities, a leading validator, incubator, idea labs, gaming guilds and growth agency.
In 2021, they’ve seen an incredibly strong period for innovation at Exnetwork Capital, with a barrage of creative projects developed by builders, early adopters, and visionaries all looking to develop the next big thing in crypto. Exnetwork Capital aims to invest in a diverse group of projects that will surely disrupt the market.
📰 INFO
https://medium.com/exnetwork/exnetwork-partners-with-kujira-defi-technology-181b9708c984
