What Is KnoxEdge (KNX) ?
KnoxEdge (KNX) Through 3-stage process of Learn-Invest-Earn, KnoxEdge is able to create social strategies for crypto/metaverse index as a DAO. The first stage of Learn2Earn is conducted on very own AI-powered and community-driven KnoxMarket. The second stage of voting and investing is carried out on Commonwealth and on-chain asset management protocols (Enzyme Finance, Enso Finance & Index Coop). The final stage of KNX book value redemption is done on Uniswap V3 and Symmetric DEX.
KnoxEdge (KNX) is a cross-chain index token that tracks the performance of the underlying assets in KnoxFund and is a good instrument for investors to get exposure on cross-chain assets. Here are some of the benefits:
- Access to community-curated crypto & metaverse investments
- Buy, hold & redeem according to KNX book value in a cost-efficient way
- Sound community-driven investment decisions made possible by AI-powered KnoxMarket Learn2Earn peer-prediction topics
KnoxEdge (KNX) Storage Key Points
|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|
What Is Mission ?
KnoxEdge (KNX) Building DAO Tools to Solve Information Asymmetry KnoxMarket is a Learn2Earn platform that aims to solve information asymmetry by transforming vast bytes of information consumed into easy bits of knowledge, making it seamlessly accessible.
Creating Social Strategies for crypto/Metaverse Indexes as a DAO
KnoxEdge (KNX) Access to community-curated crypto & metaverse investments Buy, hold & redeem according to KNX book value in a cost-efficient way Sound community-driven investment decisions enabled by powerful AI and Natural Language Processing algorithm
How To Play ?
KnoxEdge (KNX) Putting Money Where Your Mouth Are KnoxEdge DAO is as powerful as the questions asked & answered by the community. Through gamified Learn2Earn peer-prediction competitions, KnoxMarket incentivizes users to learn and put money where their mouths are.
KnoxFund AUM: $CELR, $AGLD, $DPI, $MVI, $CELO, $USDC
KnoxEdge (KNX) has recently established positions in $CELR, $AGLD, $DPI$ and $MVI. Not all positions are established on Enzyme Finance because Enzyme only supports ERC20 tokens that have Chainlink oracles. Therefore, KnoxFund assets can be found in two places:
- Enzyme Finance: https://app.enzyme.finance/vault/0x1b36f767c3feb45405079e5b5fdbf13d0f62f232/overview
- Knoxdao.eth wallet: https://app.zerion.io/0xafca298ab88a7b94cf9ee3dc0bb61485fcccaec7/overview
If you are interested in choosing KnoxEdge DAO as your community-driven asset manager, they welcome you to deposit $USDC into KnoxFund on Enzyme Finance. There is a 20% performance fee, which will be streamed into KnoxFund for future investments.
KnoxEdge (KNX) To ensure KNX market price follows closely to KNX book value, a dynamic KNX emission scheme is adopted, which is inspired by Ampleforth rebase mechanism:
- When KNX market price < KNX book value (now): stop KNX emission on KnoxMarket* and reduce liquidity mining emission**.
- When KNX market price > KNX book value: continue KNX emission on KnoxMarket and liquidity mining programs.
What is KNX book value?
KnoxEdge (KNX) Because is an index token, KNX is backed by KnoxFund assets and has a book value of:
In the past 2 months, although there were KNX emissions on KnoxMarket, Ubeswap and Symmetric DEX, our liquidity pools have bought back a significant amount of KNX.
- KNX buyback from Uniswap KNX/USDC pool: 1,250,878 KNX
- KNX buyback from Ubeswap KNX/cUSD pool: 5,295,051 KNX
KnoxEdge (KNX) As a result, they have only ~10M KNX circulating supply. You can track real-time KnoxFund AUM, KNX circulating supply and KNX book value using this link: https://fundbook.knoxedge.com/. At an AUM of ~$470,000, this translates to a book value of ~$0.049.
KnoxEdge (KNX) Every 6 months starting in December 2021, 20% of KnoxFund will be cashed out for KNX book value redemption on Uniswap V3 (Ethereum Network) and Symmetric DEX (Celo Network). 80% of KnoxFund will be rolled forward for further growth.
KnoxEdge (KNX) If overall crypto market grows, KnoxFund will grow and KNX book value will grow proportionally. As such, KNX is an index token tracking the performance of a basket of tokens, where the investment decisions are made by the community.