What Is Kimochi Finance (KIMOCHI)?
From the “Feelings of Victory” in finance to the Overwhelming feelings in Japan Adult Video (JAV) – Kimochi Finance is a platform fully integrated with DeFi applications that bring the best profits for users. KimochiSwap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.
Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
Kimochi Finance Storage Key Points
|Coin Name||Kimochi Finance|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Why Binance Smart Chain?
DeFi applications are thriving on the Ethereum platform, which means the volume of transactions has increased dramatically. Estimated gas fees per transaction are typically up to $20 – $30 and hundreds of $ gas fees payable per DeFi transaction. This frightens farmers with gas fee losses and many new users will not have access to DeFi. With an average fee per transaction around $0.1, Layer 2 will attract a great number of farmers to DeFi applications.
Layer 2 are technology solutions or systems running on Layer 1, their securities are inherited from Layer 1, with the ability to process more transactions, reduce costs and better off at transaction confirmation speed. ETH 2.0 is the most optimal Layer 2 opening new pathways to DeFi applications. Nevertheless, ETH 2.0’s road map is foreseen to have a long way to go.
Kimochi Finance, Binance Smart Chain shall be a great Layer 2 solution at the time being. Looking at a glance, within 2 weeks since January 2021, the total number of transactions per day on BSC has quadrupled from over 250,000 transactions to over 1 million transactions per day.
Kimochi Finance Bridge, a brand new bridge service providing access to inter-blockchain liquidity for all popular blockchain networks: Ethereum, Binance Smart Chain, PolkaDot, Tron. Wildly popular recently, several Decentralized Finance (DeFi) protocols allow you to lend out your cryptocurrencies without requiring a middleman (Compound or Aave). Instead, a smart contract would be used to ensure that the loan would be handled correctly.
This smart contract will automatically make transactions if certain predetermined conditions are met. When lending crypto, your assets are no longer in your possession: you are sending them to a smart contract. What you’ll get in returns are bonds that prove you are the owner of these leaded assets.
A new concept for the Bears
Each Sell transaction on PancakeSwap shall be charged 2% fee. This fee will be burned directly, contributing to reducing inflation in Farming. Security is of course a concern here. In case of the most well known DeFi lending protocols, its smart contracts are well audited and public so that everyone can verify it manually. While that won’t exclude potential vulnerabilities, it does give some form of reassurance.
Kimochi Finance A Hashed Time lock Contract (HTLC) is a type of smart contract used in blockchain applications to eliminate counter party risk by enabling the implementation of time-bound transactions. In practical terms, this means that recipients of a transaction have to acknowledge payment by generating cryptographic proof within a certain time frame. Otherwise, the transaction does not take place.
Currently, Kimochi Finance will provide a number of DeFi applications that are favored by users. Beside it, Kimochi Finance continue to develop other applications to suit the needs of users. Detailed information will be updated in the Roadmap. Unfortunately for DeFi, its smart contract operations means that it’s limited to a single blockchain. Therefore, the options as to which crypto you can lend are usually limited. Most often, it only concerns ERC20 tokens (running on the Ethereum blockchain).
80% farmed tokens will be distributed to all Farmers. Kimochi Finance Lending & Borrowing product was born to solve this problem. You will need to have 20 KIMOCHI-BUSD Cake-LP in your balance to activate Direct Referral Program and 200 KIMOCHI-BUSD Cake-LP in your balance to activate 2-Tier Referral Program. These LPs will remain unlocked in your wallet. If you transfer/ remove these LPs, then your Referral Link will be inactive immediately and you can no longer receive Referral Commission.
NFT of Kimochi Finance is 20,000 digital cosplay artworks contributed by a wide variety of photographers and painters around the world. These artworks will be identified with 20,000 ERC-721 tokens on Binance Smart Chain and stored on IPFS.If you own a Kimochi Finance token you will receive priority when bidding on the artworks. Kimochi smart contracts have been checked, audited and tested many times by the technical teams with good experiences in Solidity.