The Himegami protocol originates from Japan in which bUKH operates withinside the Himegami protocol which has tokens as KGR, that is the primary decentralized device utilized by Japan to manipulate strong tokens.
As the cryptocurrency marketplace keeps to mature, crypto initiatives additionally retain to expand in addition using the evolution of the marketplace. So far, we've checked out cryptocurrency initiatives with a hard and fast deliver of local tokens. The important aim right here is to create shortage and push crypto charges better.
Now, we consider it's time to create an elastic deliver of decentralized virtual foreign money. KGR is one of the dynamic and absolutely decentralized elastic deliver protocols that ambitions to fulfill the liquidity wishes of the broader crypto marketplace, and extra importantly, to clear up the hassle of marketplace manipulation.
The KGR cryptocurrency achieves a higher stability of deliver and call for as it flawlessly correlates the charge of a artificial asset with the charge of its underlying asset. The KGR token is largely an elastic cryptocurrency with a charge goal of one Japanese Yen adjusted for inflation. The charge of KGR may be better or decrease than 1 Yen, however deliver is constantly adjusted to fulfill the goal of one Japanese Yen (¥). If excessive call for pushes the charge better above 1 Yen, Himegami protocol will upload extra deliver growing promoting stress and rebase action. To distribute KGR tokens to token holders, the device might be capable of difficulty 100,000 tokens consistent with rebase then promote them on public exchanges following the primary-come-first-serve rules. Unsold tokens on that day might be burned. This approach is carried out in clever contracts.
Himegami rebase device is carried out each 1385 mins for deliver rebase. The rebase feature is a brand new idea for the crypto marketplace and is largely associated with easy deliver for decentralized elastic deliver tokens like KGR.
As the KGR token expands and contracts primarily based totally on call for and deliver, the rebase mechanism guarantees that the possession percent for customers stays the same.
We envision the Himegami protocol to be a hedging asset for all crypto worlds in addition to the developing Decentralized finance (DeFi) sector. KGR balance can assist DeFi traders to lessen their dependence on numerous centralized stablecoins. It can function a hedge asset, DeFi collateral, and a strong medium of trade for the complete crypto space.
We function KGR as a beneficial crypto token and collateral asset for Decentralized Finance (DeFi). Its specific features inclusive of decentralized, profitable, self-regulating and extra strong assets, make it vital for DeFi. In the destiny, KGR can also additionally have numerous specific packages and will be used to supplement different DeFi initiatives inclusive of Tezos, Polkadot, Cardano and others.
Furthermore, programmatic rebasing protocols intention to clear up the hassle of huge fluctuations in liquidity and volatility with the aid of using making them extra predictable and useful for every person involved. This permits us to place Himegami now no longer most effective withinside the present day crypto surroundings, however additionally create more than a few of latest packages for it withinside the destiny non-public DeFi surroundings that many humans have in no way even idea of.
Official KGR Launch
On December twenty seventh at 9:00 a.m. UST, Uniswap KGR trades pass live.
The Himegami Protocol mission helps the MetaMask pockets, and the mission has additionally created its very own pockets referred to as the Shinobi Wallet. Shinobi Wallet is a cryptocurrency pockets that runs on Multichain and helps transactions with Bitcoin, ERC-20 tokens, BEP-20 tokens, and Matic community tokens. There is now a model of Multichain for cell gadgets with iOS and Android running systems. And this pockets can already be downloaded, established in your telecellsmartphone and used safely.
The KGR token is a strong token pegged to the Japanese Yen. The charge of 1 KGR token is one Yen.
The KGR token makes use of a mechanism referred to as Rebas and robotically adjusts the KGR quantity each 1385 mins the use of a clever agreement program. Unlike conventional centralized initiatives, Himegami Protocol mission managers can't difficulty tokens at will, which makes the KGR token honest and transparent.
If the marketplace charge of the KGR token rises or falls with recognize to the Yen, then the mechanism consists of the stabilization of the charge of the KGR token, because of a further token - OMK, which releases a unique mission for the stabilization feature.
The quantity of KGR tokens issued is 70,000,000. The quantity of issued OMK tokens is 100,000,000. This token distribution plan may be observed at the respectable internet site of the Himegami Protocol mission.
Initial deliver of KGR tokens is most effective 170,000,000. Since January 15, 1% of the whole token deliver might be launched with the aid of using clever contracts for relocation. Issued KGR tokens might be traded in mint in each day open sales, and non-metered KGR tokens might be burned.
Also, Himegami Protocol mission additionally created extra tokens. These are sUKH and bUKH tokens. The first token might be used to acquire dividends from the pockets and its proprietor will acquire balloting rights. The 2nd token is to acquire dividends from clever agreement paintings and the proprietor will acquire extra benefits.
Hіmegam's Rоtосl includes Five tokens namely:
Himegami (KGR):
In this case, 1 KGR is equal to one Yen.
The important launch quantity is 170,000,000 KRG.
The preliminary distribution quantity is 600,000,000 KRG.
Yen Peg foreign money Kagura token with KGR for being stupid.
Government Token OMK Token:
The token image is OMK.
It has a complete quantity of requests of 100,000,000 OMK.
These are the governance tokens of Yamat financial institution and Yamat financial institution shareholders.
Token:
The token call is UKHI.
This is the UKH image.
Has a complete quantity of requests 500,000,000 BUKH.
The UKH token permits customers to acquire price from the Shіnоb pockets as dividends.
BUKH Tokens:
The token call is BUKHI.
It has it as bUKH.
Have a most quantity of requests 500,000,000 UKH.
With regard to Yamato Bank, we are able to say that it's going to offer lending services, staking, growing trade alternatives and growing budget primarily based totally at the KGR token.
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For More Information:
Website: https://himegamiprotocol.org/
White Paper: https://drive.google.com/file/d/1_7HWMxg7txliig-DFtiRiZH-z4KrWD3K/view
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Author : yemight600
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