Aurigami’s hot PLY token is on KuCoin. What about KVT? 

Aurigami’s native token PLY is in the spotlight. KuCoin recently announced its 21st Spotlight Token Sale with PLY token on April 29, 2022. The leading global crypto trading platform allowed qualified participants to acquire Aurigami at the ICO price of $0.005.

Aurigami (PLY) is a decentralized lending protocol with great potential and interesting features. The team has built it on Aurora, an Ethereum Virtual Machine smart contract platform. The latter creates a bridge between Ethereum and NEAR.

Currently, Aurigami is one of the top protocols by TVL on Aurora. It boasts approximately $800 million in liquidity. Furthermore, the platform offers core money market services such as deposit and collateralized lending for the eight largest assets in the Aurora ecosystem. The project has already attracted Blue-Chip venture capital firms as investors in its private round. Among them are PolyChain Capital, DragonFly Capital, and Coinbase Ventures.

The founders launched KuCoin in September 2017. This global cryptocurrency exchange offers over 600 digital assets. It also provides spot trading, P2P fiat trading, Margin trading, staking, futures trading, and lending to its 10 million customers in 207 countries and regions worldwide. In 2018, the company secured $20 million in Round A funding from Matrix Partners and IDG Capital. Moreover, CoinMarketCap reported that the platform is currently one of the top 5 crypto exchanges.

Thus far, KuCoin Spotlight has launched 20 projects with an impressive performance, including PDEX, CLH, VR, CWAR, and others via Spotlight. The company has also created the Spotlight Trial Fund to minimize the threshold of participation and increase the number of its customers. Considering all this, the PLY token will greatly benefit from the partnership of this platform.

How will this partnership evolve? 

Johnny Lyu, the CEO of KuCoin, stated that KuCoin continues to find the next cryptocurrency gems for all classes of investors. Besides, KuCoin Spotlight is a great place to provide promising crypto assets. Similar to the company’s vision of lowering users’ barriers to entering the crypto world, Aurigami offers a simple way for everyone to access the Defi space. Thus, the company is thrilled to launch this incredible project on its Spotlight platform and provide its support for Aurigami.

On the other hand, Lucas Huang, Aurigami’s co-founder, announced that Aurigami aims to enable a seamless experience for customers to lend, borrow, and earn interest. The platform aspires to become the foundation of a thriving Defi ecosystem on Aurora. KuCoin is one of the most established, trusted, and user-friendly global exchanges. So, the Aurigami team is delighted with the opportunity to launch its exclusive token sale on KuCoin Spotlight.

Spotlight is KuCoin’s special token launch platform. It serves early-stage crypto projects and initial token distribution to give the investors and traders the opportunity to participate in the early investment of preferred projects. Thanks to this platform, the participants will gain considerable incomes with low thresholds. However, Spotlight has strict screening criteria. It wants to ensure that the listed projects and their native tokens are of high quality. In addition, Spotlight supports early-stage crypto projects in marketing exposure, crowd-funding, and industrial influence for further development.

Both sides seem eager to continue this mutually beneficial partnership in the future. Investors will also reap benefits from the arrangement. Aurigami offers many advantages to its users. To interact with this platform, customers have to simply deposit their preferred assets supported by the protocol.

How does the Aurigami platform work? 

The platform users can earn interest based on the market borrowing demand after they make a deposit. Moreover, they can use deposited assets as collateral to borrow other assets. According to the team, interest earned from deposited assets helps to offset the accumulated interest from borrowing.

The company allocates deposited funds in Smart Contracts. It will issue tokenized yield-bearing tokens (auTokens) for depositors and lenders. The latter can use these tokens for on-demand withdrawal of deposited funds from the pools. In addition, AuTokens are transferrable and tradable.

However, as good as Aurigami seems, no protocol is entirely risk-free. The risks related to this particular protocol may potentially include Smart Contract risks and Liquidation risks. But the team has already taken necessary steps to minimize these risks by undergoing audits. It is also keeping the protocol public and open-sourced. Users will be able to withdraw assets if they don’t actively use those funds to borrow, and withdrawal of those assets would not cause a liquidation of their loans.

Depositors will receive continuous earnings on their deposited assets. The company noted that the earning rates adjust algorithmically for each asset based on their independent market conditions. The auToken is a representation of the customer’s asset balance supplied to the protocol. Thus, investors can use these tokens, as well. PLY tokens will also give their holders many advantages. 

Kryptview will launch its trending KVT token soon

KVT tokens are very popular. They’ve got a high ranking on various ICO listing platforms. The sale will start on May 23, 2022. This token has a chance to achieve great success in the Defi space. After all, Kryptview is a data platform dedicated to community research, as well as insight sharing on tokens and cryptos.

Furthermore, it uses a Peer-to-Peer model, along with Blockchain mechanisms, to reward customers for generating fundamental analysis on cryptos. The network’s community automatically structures and reviews this data and shares it with all Kryptview users for better decision-making. Investors will be able to research, share and earn thanks to this platform.

KVT is the native utility token created specifically for Kryptview. KVT Token holders will be able to access the platform and protect the community from promoters. The company will also use the coins to reward the platform’s contributors and content validators.

Kryptview will provide various tools, including a platform with real-time market data on tokens and cryptocurrencies; KRYPTVIEW Community Portfolios that let community members share their portfolio models. If the portfolio performs well, they will automatically earn rewards; KRYPTVIEW Research Wizard will allow any user to analyze a project and its fundamentals. This process is simple but rigorous. Moreover, Kryptview Research Wizard uses frameworks and methodologies inspired by professional analysts and investors.