KWAI (KWAI) Market Value and News

$ 0.168924

KWAI (KWAI)

1h0.43%

24h0.38%

USD

EUR

GBP

KWAI (KWAI)
Rank: 1703

$ 0.168924

Price (BTC)

Ƀ0.00000260

Marketcap

$ 5.70 M

Volume

$ 5.43 K

24h Change

0.38%

Total Supply

50.00 M KWAI

KWAI (KWAI) Graphics

What is KWAI (KWAI)

KWAI coin is a cryptocurrency launched by Kwai, a Chinese short-video social media platform, in 2022. The token is used to reward users for creating and sharing content on the platform, as well as to purchase goods and services within the Kwai ecosystem.

Historical Purpose

KWAI coin was created to reward users for their engagement on the Kwai platform. The token can be earned by creating and sharing videos, watching videos, and inviting friends to join the platform. KWAI coin can be used to purchase goods and services within the Kwai ecosystem, such as virtual gifts, stickers, and premium features.

Who Founded It?

KWAI coin was founded by Kwai, a Chinese short-video social media platform. Kwai was founded in 2016 and is headquartered in Beijing, China. Kwai has over 1 billion users worldwide.

Pros and Cons

Here are some of the pros and cons of using KWAI coin:

Pros:

• Rewards users for engagement: KWAI coin rewards users for their engagement on the Kwai platform. This encourages users to create and share more content, which makes the platform more valuable for everyone.
• Can be used to purchase goods and services: KWAI coin can be used to purchase goods and services within the Kwai ecosystem. This gives users more incentive to earn and hold KWAI coin.
• Wide user base: Kwai has over 1 billion users worldwide. This gives KWAI coin a large potential market.

Cons:

• Volatile price: The price of KWAI coin is volatile, which means that it can be risky to invest in.
• Not widely accepted: KWAI coin is not yet widely accepted as a payment method. This limits its potential use cases.
• Centralized control: Kwai is a centralized company. This means that the company has control over the KWAI coin supply and can make changes to the platform without user input.

Technology Used

KWAI coin is a BEP-20 token on the Binance Smart Chain (BSC). This means that it is built on the Ethereum blockchain and uses the same underlying technology. KWAI coin is secured by the proof-of-stake consensus mechanism.

Market Value

The market value of KWAI coin is currently around $1 billion. This makes it a relatively small cryptocurrency, but it has the potential to grow significantly in the future.

Conclusion

KWAI coin is a promising new cryptocurrency with a number of potential use cases. The token is backed by a large user base and a strong team of developers. However, the price of KWAI coin is volatile and the token is not yet widely accepted as a payment method. Overall, KWAI coin is a project that is worth keeping an eye on.

How To Buy KWAI (KWAI)?

Do you want to plunge into the world of cryptocurrencies and know where to buy How To buy KWAI (KWAI)? The largest exchanges currently trading with How To Buy KWAI (KWAI)? Kucoin , Gate.io  Binance and . You can find other exchanges that make listings.

About KWAI (KWAI)

Contract	0x235d650fc6d9eb7d4bac77e128265295a0054304
Website	https://kwailabs.com/stake
Explorers	Etherscan,ethplorer
Community	Twitter Facebook
API idd	kwai

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