Kaco Finance (KAC) is a cross-chain-based DEX that runs on the Binance Smart Chain. Cross-chain is the ability of two different blockchains to communicate with each other. With the power of decentralization, Kaco Finance DEX aims to make it simpler for users to transact on the platform.

According to the whitepaper, Kaco Finance plans to operate as an AMM, with particular emphasis on token exchange. The platform seeks to customize fees and transactions depending upon users’ requirements. Users can also deposit their tokens in a liquidity pool (LP) and earn rewards. Users of Kaco Finance can also lock their LP tokens into other smart contracts.

Next, the NFT tool of Kaco Finance aims to provide tokens for new NFT-based projects. That is, when an NFT project wants to get tokenized, Kaco Finance will aid in creating specific BEP-20 tokens suitable for the project. With such additional BEP-20 tokens, the platform aspires to create enough liquidity for the tokens put in NFTs.

BEP-20 is a token standard that works on BSC and is similar to the ERC-20 standard. KAC, the primary token on the network, works on BEP-20 standards. KAC powers up the Kaco Finance network as users can earn KAC by staking their LP tokens on the network. Kaco Finance plans to reserve 85% for liquidity mining and 15% of KAC for the planning and development of the platform.

Thus, Kaco Finance aspires to create a network that can help provide liquidity and cross-chain features to new NFT projects. Kaco Finance also aims to allow newcomers and creators to trade their NFTs through the platform easily.

The launch of the Kaco Finance platform and the issuance of KAC tokens took place in 2021. The platform has a total supply of one million KAC tokens.

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