What is Kanga Exchange?

kanga exchange


Introducing the largest cryptocurrency exchange in central-eastern Europe

Poland based Kanga Exchange is a rapidly growing ecosystem of FinTech tools and services designed to encourage and facilitate widespread adoption of cryptocurrencies in everyday life. The foundation of their business – a cryptocurrency exchange – was launched in September 2018.

Kanga Exchange is not only a cryptocurrency exchange, but above all a crypto-asset exchange (including project tokens, real estate, personal tokens).

Kanga is currently the largest cryptocurrency exchange in central-eastern Europe, with over 250 physical exchange offices. They are successfully developing not only in Poland, but also abroad such as Sweeden, Germany, Ukraine, Great Britain, Bulgaria, Czech Republic etc. 

How to buy cryptocurrency or tokens on Kanga Exchange?

Follow these steps:

  • Create an account on Kanga Exchange.
  • Top up your Wallet with funds. You can do it by bank transfer or in cash in exchange offices and cash deposit machines.
  • Enter the exchange and place a Buy order for the selected currency pair.
kanga exchange trade


What is Kanga Exchange Token?

KNG is the native utility token used to pay the fees on transactions on Kanga exchange. All fees for services on the exchange are collected in the native KNG token, as this is the only payment accepted.

The emitted amount is 21 000 000 KNG. It is an ERC20 token, and more of its parameters can be seen at etherscan. Despite the limited amount of KNG tokens, releasing all tokens at the same time has been blocked, breaking down this process over a few years. Kanga offers extensive passive income mechanisms. The Proof-of-Stake (PoS) mechanism enables KNG token holders to share in the incomes from all fees charged on the Kanga Exchange platform.

multiblockchain


What is Multiblockchain?

Multiblockchain is officially launched on Kanga Exchange Platform! Their users are able to deposit tokens via the BSC network. 

Multiblockchain (MB) is a solution enabling the connection of “the same token” found in different blockchain networks. Regardless of which blockchain we use on the exchange, the sent token will appear under one name. So we can send USDT on the Ethereum network and the BSC network, and on the stock exchange in the wallet we will see the total sum of both deposits. More info on their blog here.

According to coinmarketcap the current Kanga Crypto price: $4.48 USD. 

kanaga token price

Investing in Kanga Crypto a good investment? 

According to priceprediction.net KNG Token is predicted to reach at a minimum level of $6.10 in 2022. The KNG price can reach a maximum level of $7.13 with the average trading price of $6.28. 

Crypto experts predict Kanga Exchange Token can hit the highest price of $201.98 till 2030!!!! So if you're looking for a long-term crypto investing project you can give it a try!

Please read my previous article and learn about the Elrond Blockchain Technology!

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