KODX — a smart contract platform, designed to remove bottlenecks in the financial ecosystem and make it easier for individuals and corporate firms to access funding for their businesses.
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Description of the KODX project
KODX (KING of DEFI) — a digital finance project, based on the TRON blockchain. This gives the user the ability to place bets, lend and manage other functions. KODX is a decentralized finance aggregation protocol that simultaneously provides a wide range of betting and lending products. It will be exposed as collateral for borrowing a stablecoin such as TRC20-USDT, USDJ.
Some features:
| X-lending | Innovative blockchain-based P2P lending that uses KODX and TRX as collateral. All savings, borrowing and lending operations are carried out, using smart contracts, based on blockchain technology. |
| Betting | King of DeFi offers several betting options to choose from to earn more rewards. |
| X-Cover | This is a prototype of a new tokenized insurance model. XCover Tokens allow investors to insure crypto pools with liquidity. |
King of DeFi consists of various products: X-LENDING, X-STAKE, X-MARKET DEPTH, X-Cover, X-Engine, X-Governance. KODX - the native token of the King of DeFi ecosystem. KODX will serve as a communication tool between users and various King of DeFi products.
The borrowing program helps to make stablecoins or some crypto funds, available to individuals, or firms that need them, but have difficulty raising the necessary collateral.
Additional information
There is a WhitePaper document on the site, with the help of which you can find out about the project in more detail. Also, the RoadMap is available, where the development stages and upcoming updates are marked.
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