Inactive
ksd Kokoa Stable Dollar
$ 0.2032
4.55% (24h)
0.05328 BTC
3.41% (24h)
328 satoshies
Market Cap
-
24 Hour Trading Vol
1.566 $
Circulating Supply
-
Total Supply
-
Max Supply
-
Fully Diluted Valuation
-
Coin Information
This coin is no longer being updated and is inactive. Its information may be updated in the future, but it is not currently active.
Last updated 03 November, 2024
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Kokoa Stable Dollar Price Statistics
0.2032 $
0.1957 $ / 0.207 $
1.566 $
#25990
1.43 $
-85.79%
23 October, 2022, (3 years ago)
0.1798 $
13.02%
05 August, 2024, (a year ago)
About Coin
# What is Kokoa Finance (KSD, KOKOA)?
Kokoa Finance is the first crypto-asset-backed stablecoin platform built for the Klaytn blockchain. Kokoa Finance is permissonless and entirely on-chain, adopting two-token system: KSD and KOKOA. KSD is decentralized stablecoin operating by collateralizing crypto-asset, whereas KOKOA is a governance token for KokoaDAO.
KokoaDAO is a decentralized organization targeting to manage the sustainability and soundness of the KSD monetary system. Users can participate in KokoaDAO by staking KOKOA.
# What Makes Kokoa Finance Unique?
Aforementioned, KSD is a crypto-collateralized decentralized stablecoin, provided exclusively by Kokoa Finance. Using Kokoa Finance, users can borrow KSD stablecoin without paying any nominal cost.
Furthermore, Kokoa Finance internally utilizes “Flash Mint” mechanism, allowing users to easily create leveraged positions. These features contribute to the construction of user-friendly ecosystem, which in turn promote the growth of the entire network.
# How are KSD minted and how does KSD maintain its price stability?
KSD is a crypto-asset-backed stablecoin, maintaining its price stability via managing various types of collaterals in vaults, and also charging stability fee. Collateral Vaults are constantly monitored with price oracles. Based on the monitoring result, long-term demand and supply of KSD is adjusted thereby conserving its pegging with USD.
Moreover, KokoaFarm Labs has also launched i4i, its StableSwap DEX of which functionality is expected to be expanded as it combines CryptoPool. As a consequence, KSD prices can also stay stabilized for some short-term period
What is the highest value Kokoa Stable Dollar (KSD) has ever reached?
Kokoa Stable Dollar (KSD) reached its peak price at 1.43 $ on 23 October 2022, approximately 3 years ago ago. Presently, the current price is -85.78% lower than this all-time high.
What is the historical minimum price for Kokoa Stable Dollar (KSD)?
The minimum price reached for Kokoa Stable Dollar (KSD) was 0.1798 $, documented on 05 August 2024, more than a year ago. In comparison, the current price is 13.02%, it above this historical low.
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