Aside from the listing, the DeFi platform is also giving away 300 KEYFI for their community on the BSC-based automated market maker. The token giveaway is set to end on April 25, 2021.
Participants will be notified via KeyFi’s communications channel once token staking starts.
Soon, it will be possible to bet KEYFI tokens directly, with access to a dedicated BANANA staking pool rewarding more or less $200,000 in KEYFI, as an added benefit.
The decision of the DeFi management platform comes shortly after it launched its token on Binance Smart Chain (BSC).
The Ethereum-based KeyFi users, though, need not worry about the migration, as it doesn’t limit them. They can still acquire the token on Uniswap, which facilitates automatic trading of any ERC asset.
The leading decentralized exchange will also continue hosting liquidity mining that will further cement KEYFI’s position as a true multi-chain token.
What’s even better is that interested investors can also continue acquiring the token through other decentralized exchanges and automated market makers such as PancakeSwap.
The decentralized governance of KeyFi is powered by its native token, KEYFI. The token also acts as an incentive for users and allows them to take part in the decision-making process for the future of the platform.
Just like many other DeFi projects, it allows its community to have a say in important matters like adding or removing digital assets, data and wallet integration, and the proposal of new features.
KEY token recently surpassed $1.5 for total value locked. The digital asset is currently ranked #336 in terms of market capitalization.
Image courtesy of Matt Taylor Variety/YouTube
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