Kensetsu Token
KENProject Safety Score: 22%
Updated 3 weeks, 1 day ago& Market
Credibility
Behavioral
Mechanics
Distribution
KEN is a farming reward token meant to incentivize liquidity for KENSETSU stablecoins. For each stablecoin minted from deposited collateral, 1% extra of the stablecoin will be minted and used to buy back and burn KEN tokens. 80% of the burned KEN tokens will be reminted and distributed to Demeter farm for farming rewards on the XOR-KUSD pool on Polkaswap. With KENSETSU, XOR token holders can vote to create stablecoins pegged to any values available via oracles on the SORA network, such as popular fiat currencies, GOLD, SILVER, and others
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
