QIBENQI (QI) Price

1. Project introduction

BENQI is a non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.

BENQI aims to alleviate these problems by providing a Liquidity Market Protocol on a highly scalable and decentralized platform. With a focus on approachability, ease of use, and low fees, BENQI will democratize access to decentralized financial products by providing permissionless lending and borrowing where users can:

(1) Instantly supply to and withdraw liquidity from a shared liquidity market;

(2) Instantly borrow from a liquidity market using their supplied assets as collateral;

(3) Have a live and transparent view of interest rates around the clock based on the asset's market supply and demand.

2. Investment institution

Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan, TRGC, etc.

3. Application and distribution

Token application:

The QI token is a native asset on Avalanche and oversees the entire ecosystem of the BENQI protocol including future iterations of the protocol.

Token distribution:

Liquidity Mining Program: 45%

Token Sale: 25%

Treasury: 15%

Team: 10%

Exchange Liquidity: 5%