KacO Finance First NFT Fragmentation Protocol On BSC is Now Live
Kaco Finance pleased to announce, an EVM version dApp of Coinversation, has launched BSC’s first NFT fragmentation protocol on September 28! Kaco Finance will fully release the liquidity of NFT on BSC.
In the Kaco NFT fragmentation protocol, we will support the holder to convert an ideal but illiquid NFT to 100 KTokens with our fragmentation protocol. These KTokens represent the underlying asset and can be distributed among multiple owners. Since Ktokens are fungible, they are easy to trade.
KTokens can trade within Kaco Finance. Kaco Finance is an AMM that supports NFT fragmentation. Part of the NFT and KTokens transaction fees on the platform will be allocated to liquidity providers, and the rest will be used to buy back $KAC.
How to fragment NFT through KNFT protocol?
Check full details here:
https://coinversationofficial.medium.com/kaco-launches-the-first-nft-fragmentation-protocol-on-bsc-6b4d1f0fb26d
About Coinversation Protocol
Coinversation Protocol is a synthetic-asset issuance protocol and decentralized contract trading exchange based on the Polkadot parachain. It uses CTOs, the issued by Coinversation Protocol, and DOTs as collateral, to synthesize any cryptocurrencies, stocks, bonds, gold or other off-chain assets through smart contracts and oracles. Users can forge a certain synthetic asset by collateralizing CTOs or DOTs, such as U.S. dollars, and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing other assets.
About KACO
Kaco Finance is the evm version of DEX issued by Polkadot decentralized exchange and synthetic asset protocol Coinversation. Kaco Finance is a cross-chain decentralized trading platform based on Binance Smart Chain and Kusama parachain. Kaco Finance initially aims to provide liquidity AMM and yield farm for the Polkadot ecological project and is committed to realizing the asset bridging function between Kusama and BSC.
