Kryptolite — a protocol for the Binance Smart Chain decentralized exchange, where users can securely exchange any BEP20 assets. Kryptolite simplifies farming and reduces costs for users without sacrificing decentralization or self-service. It also introduces greater liquidity and other innovations.
Site description of KRYPTOLITE
The project allows users to use the full potential of DeFi. The intention of KRYPTOLITE - to be accepted for use as a Proof-of-Stake (PoS) token that will allow the community to earn reasonable returns. Kryptolite has implemented the function of delegating user assets and created a marketplace for trading these financial assets. Kryptolite allows users to create and manage vaults on the Binance Smart Chain blockchain, which they can outsource to a third party. This allows users to be able to use financial services without sacrificing ownership of their assets.
Project advantages:
| Passive income | Hodlers earn passive income in BUSD by staking KRL. |
| Community | Based on the emission and economic model of Kryptolite, decentralized management and community development will be implemented. |
| Liquidity aggregation | Users can exchange assets at the lowest rate and through the most efficient trading route - this is achieved by connecting their own decentralized wallets. |
Kryptolite — not just another meme coin, but a true utility token. One of the next steps - to create an online store that exclusively sells originally minted KRYPTOLITE GEM NFTs. These NFTs will be a series of KRYPTOLITE comics with special collector's editions.
KRL - the native utility token for the KRYPTOLITE universe and is used to:
- Placing bets to generate passive income.
- Purchases of exclusive NFTs.
- Discounted launchpad subscriptions.
- For a management vote to determine how network resources are allocated.
The tokenomics of KRL is based on a manual buy-and-burn model that reduces the supply of KRL tokens over time, increasing their value. This model keeps the value of KRL sustainable in the long run. In addition to rewarding returns, KRL tokens can also help to participate in the governance mechanism of one of the fastest growing DeFi protocols on the market..
Invite friends to bid and get a share of the 50,000 KRL that has been reserved for referral rewards. Copy your referral link and share it after you stake some LP.
How does it work?
Users connect to KryptoliteSwap for transactions with their crypto wallets. LP market makers who provide liquidity on our DEX benefit from transaction fees in addition to lower trading fees.
The more KRL you bet, the lower the commission, up to zero trading commission. Users get the ability to invite more users to KryptoliteSwap and grow the community. In return, you receive a lifetime commission of 10% of all your referrals' trading commissions. The KRL rate gives up to 219.6% in return.