PROTOCOL With ADVANCED DEFI (Kryptolite)
By: Clinton Chidera
The greatest showman once lived in his zone to learn more, but he actually lost the one he had already built out the love of money and an attempt to exceed the masters. The best education we, as investors can use to win the league, is the system of digging into the origin and root of each enterprise, which is what really matters. Staking is not a new game in the defi world, and there are other initiatives in this international area that offer it, along with token swapping and trading. \n Although many projects are embracing and starting to expand the global market, this is a fantastic movement in the bitcoin community to speed up transactions. There are many people employing various defi stake and swap protocols to execute their transactions, and some of them, such as the high gas prices and slippage charges make it difficult to participate in the game. But conducting a study is an excellent thing to do if you want to learn.
We will find out more about KRYPTOLITE based on the title. The first hybrid protocol, KRYPTOLITE, uses Proof-of-Personhood, Proof-of-Stake, and human labor to build a platform that is quick, open to everyone, and attack-resistant. The Kryptolite Universe is built to let our community take full advantage of decentralized finance without having to engage in active portfolio management.
How Much More
The KRL token, also known as (KRYPTOVERSE), is a special utility token for the Kryptolite Universe that can be used for:
1 Staking to trade on KryptoliteSwap with fees as low as 0% and earn passive income (percent APY).
. Purchase of Special KRYPTOLITE Gem NFTs. \n . Launchpad subscriptions at a discount. \n . Voting on governance issues to decide how network resources are allocated
The goal of KRYPTOLITE is to become a widely used proof of stake (PoS) token that enables our community to trade with up to ZERO fees while also receiving a respectable APY from staked KRL.
The vast majority of crypto projects only exist in the crypto space, but we will achieve “Real World Impact and Takeover” by running campaigns to inform and educate the public about the crucial role of Decentralized Finance (DeFi) protocols while also creating buzz via the typical crypto channels and methods — always in collaboration with our community!
Benefits of funding KRL
High yield trading, or “yield farming,” is made possible by KRYPTOLITE, allowing investors to borrow and stake their cryptocurrencies at rates significantly higher than those available through regular banking and investments.
Staking improves KRL’s market capitalization and liquidity, so even as you receive interest payments, the value of your tokens will rise.
You can view the transaction hash on BSCscan HERE. Because token ownership has been renounced, our smart contract cannot be altered and no new KRYPTOLITE tokens will ever be issued.
Hold and Invest $KRL
Through innovative mechanisms, KRYPTOLITE is intended to reward the community. To maximize their earnings from our PoS algorithm, users are encouraged to assemble and stake $KRL.
Kryptolite will continue to work on creating a strong business plan for the $KRL token as the DeFi ecosystem is developed further across many chains and protocols. This entails being adaptable and incorporating new ideas that match our particular use cases.
The “repurchase and burn” mechanism of KRL’s tokenomics reduces the KRL token’s available quantity as demand grows over time, raising the token’s value. The long-term sustainability of KRL value is maintained by this model. The “stake and earn” approach, which further incentivizes participation in our tokenomics, provides further assistance.