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Market

Market stats

Market cap

$2.1M

Volume (24h)

$325,300.75

Circulating supply

100.0M KONO

All time high

$5.16

Price change (1h)

+0.61%

Price change (24h)

-1.14%

Price change (7d)

+10.03%

About Konomi Network

Konomi Network is a decentralized liquidity protocol for cross-chain crypto assets. Cross-chain refers to the capacity of two independent blockchains to communicate with each other. The Konomi network aims to enable users to manage their crypto holding positions, trade assets, and earn interest through decentralized money market products.

According to the whitepaper of Konomi Network, the global interest rates vary across different markets. The DeFi system eliminates such variations as the interest rates offered for the assets deposited in the DeFi protocols are higher than traditional financial products. This is primarily due to the increasing opportunities in crypto. Additionally, DeFi protocols help users gain custody of assets, which helps them access various services without giving out control of their assets. Thus, decentralized money market protocols enable users to access high yield financial products irrespective of border.

Furthermore, Konomi Network aims to offer financial applications for assets in the Polkadot ecosystem. The network aims to target crypto users who wish to invest, trade, and manage assets efficiently. Konomi Network is currently deployed as an independent blockchain using the Substrate framework, a blockchain framework that helps to build a customized blockchain.

Konomi Lend is a decentralized lending product that offers low transaction fees, collateral ratios, liquidation penalties, and liquidation thresholds. Konomi Network also aims to develop its own Oracle system based on Konomi Lend. Oracle is a third-party service that connects smart contracts with external systems, enabling smart contracts to run based on input and output from the real world. The Konomi Oracle seeks to quote the on-chain price based on the off-chain price.

Konomi aims to issue a native token.), KONO, for decentralized network governance. The network seeks to design tokenomics to facilitate the users to participate in trading, providing liquidity, and more. KONO is also aimed to be utilized as an incentive for encouraging users to add liquidity to the platform. KONO can be staked for earning rewards. Therefore, KONO is also a staking token for sharing platform revenue.

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Coinbase Bytes

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Konomi Network is on the rise this week.

The price of Konomi Network has increased by 0.61% in the last hour and decreased by 1.14% in the past 24 hours. Konomi Network’s price has also risen by 10.03% in the past week. The current price is $0.0212 per KONO with a 24-hour trading volume of $325.30K. Currently, Konomi Network is valued at 99.59% below its all time high of $5.16. This all-time high was the highest price paid for Konomi Network since its launch.

The current circulating supply of Konomi Network is 100,000,000 KONO which means that Konomi Network has as total market cap of 100,000,000.

FAQ

What is the current price of Konomi Network?

We update our Konomi Network to USD currency in real-time. Get the live price of Konomi Network on Coinbase.

What is the market cap of Konomi Network?

The current market cap of Konomi Network is $2.11M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Konomi Network?

The all-time high of Konomi Network is $5.16. This all-time high is highest price paid for Konomi Network since it was launched.

What is the 24 hour trading volume of Konomi Network?

Over the last 24 hours, the trading volume of Konomi Network is $325.30K.

What other assets are similar to Konomi Network?

Assets that have a similar market cap to Konomi Network include Edgeware, Valencia CF Fan Token, ZELIX, and many others. To see a full list, see our comparable market cap assets.

How many Konomi Network are there?

The current circulating supply of Konomi Network is 100 million.

Can I buy Konomi Network on Coinbase?

Yes, Konomi Network is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Konomi Network guide.

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