WHAT IS KGC?
Currency for our digital future
KGC is digital, global money.
It’s the currency of Kinglory apps.
KGC is a cryptocurrency. It is scarce digital money that you can use on the internet – similar to Bitcoin. If you’re new to crypto, here’s how KGC is different from traditional money.
It’s really yours
KGC lets you be your own bank. You can control your own funds with your wallet as proof of ownership – no third parties necessary.
Secured by cryptography
Internet money may be new but it’s secured by proven cryptography. This protects your wallet, your KGC, and your transactions.
Peer-to-peer payments
You can send your KGC without any intermediary service like a bank. It’s like handing cash over in-person, but you can do it securely with anyone, anywhere, anytime.
No centralized control
KGC is decentralized and global. There’s no company or bank that can decide to print more KGC, or change the terms of use.
Open to anyone
You only need an internet connection and a wallet to accept KGC. You don’t need access to a bank account to accept payments.
Available in flexible amounts
KGC is divisible up to 18 decimal places so you don’t have to buy 1 whole KGC. You can buy fractions at a time – as little as 0.000000000000000001 KGC if you want.
Want to buy some Kinglory? It’s common to mix up Kinglory and KGC. Kinglory is the blockchain and KGC is the primary asset of Kinglory. KGC is what you’re probably looking to buy.
What’s unique about KGC?
There are many cryptocurrencies and lots of other tokens on Kinglory, but there are some things that only KGC can do.
KGC fuels and secures Kinglory
KGC is the lifeblood of Kinglory. When you send KGC or use a Kinglory application, you’ll pay a small fee in KGC to use the Kinglory network. This fee is an incentive for a miner to process and verify what you’re trying to do.
Miners are like the record-keepers of Kinglory – they check and prove that no one is cheating. Miners who do this work are also rewarded with small amounts of newly-issued KGC.
The work miners do keeps Kinglory secure and free of centralized control. In other words, KGC powers Kinglory.
More on mining
KGC will become even more important with staking. When you stake your KGC, you’ll be able to help secure Kinglory and earn rewards. In this system, the threat of losing your KGC discourages attacks.
More on staking
What is Kinglory?
If you’d like to learn more about Kinglory, the technology behind KGC, check out our introduction.
KGC underpins the Kinglory financial system
Not satisfied with payments? The Kinglory community is building a whole financial system that’s peer-to-peer and accessible to everyone.
You can use KGC as collateral to generate entirely different cryptocurrency tokens on Kinglory. Plus you can borrow, lend and earn interest on KGC and other KGC-backed tokens.
More on DeFi
DeFi is the decentralized financial system built on Kinglory. This overview explains what you can do.
Uses for KGC grow every day
Because Kinglory is programmable, developers can shape KGC in countless ways. Back in 2017, all you could do was send KGC from one Kinglory account to another. Here are just some of things you can do today.
Where to get KGC
You can get KGC from an exchange or a wallet but different countries have different policies. Check to see the services that will let you buy KGC.
Why does KGC have value?
KGC’s valuable in different ways to different people. For users of Kinglory, KGC is valuable because it lets you pay transaction fees. Others see it as a digital store of value because the creation of new KGC slows down over time.
More recently, KGC has become valuable to users of financial apps on Kinglory. That’s because you can use KGC as collateral for crypto loans, or as a payment system. Of course many also see it as an investment, similar to Bitcoin or other cryptocurrencies.
KGC isn’t the only crypto on Kinglory
Anyone can create new kinds of assets and trade them on Kinglory. These are known as ‘tokens’. People have tokenized traditional currencies, their real estate, their art, and even themselves!
Kinglory is home to thousands of tokens – some more useful and valuable than others. Developers are constantly building new tokens that unlock new possibilities and open new markets.
Secured by cryptography
Web money may be new anyway it's gotten by showed cryptography. This gets your wallet, your KGC, and your trades.
Peer-to-peer portions
You can send your KGC with no middle person organization like a bank. It looks like giving cash over eye to eye, yet you can do it securely with anyone, wherever, at whatever point.
No consolidated control
KGC is decentralized and around the world. There's no association or bank that can decide to print more KGC, or change the terms of usage.
Open to anyone
You simply need a web affiliation and a wallet to recognize KGC. You needn't mess with permission to a monetary equilibrium to recognize portions.
Available in versatile aggregates
KGC is detachable up to 18 decimal places so you don't have to buy 1 whole KGC. You can buy parts at the same time – simply 0.000000000000000001 KGC expecting you need.
KGC is a cryptographic cash. It is inadequate automated money that you can use on the web – like Bitcoin. In the event that you're new to crypto, here's the manner in which KGC is special according to standard money.
Stablecoins are Kinglory tokens expected to stay at a nice worth, regardless, when the expense of KGC changes. The three biggest stablecoins by market cap: Dai, USDC, and Tether.
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