A New DeFi Competitor for a New Platform: KFI To Launch on OKchain
[22 March 2021, San Francisco] — KFI.one, a new DeFi project on OKchain, hosted its first global event to build awareness for the project’s upcoming launch. The online event attracted viewers across five time zones, who participated in a discussion around the value of the KFI.one protocol, which focuses on automated yield farming strategies, as well as the use of the KFI token, which is the native cryptocurrency on the KFI.one protocol. The governance token allows users to vote on the direction of the protocol and is slated to launch on OKEX in April 2021.
KFI.one addresses a crucial pain point in modern economies: widespread rising deflation. As costs of basic goods and services across the economy increase, the relative value of a single dollar decreases. In the US, annual deflation has hovered around 2% — meaning for every $10,000 in the bank, the average investor will lose $200 each year — and is anticipated to spike in 2021 due to unprecedented stimulus spending as well as supply chain disruptions that have begun impacting the price of goods.
Meanwhile, though prudent investing can offset the impact of deflation, the average investor has become overwhelmed by the complex maze of investment opportunities across a multitude of markets and asset classes. There are significant yields to be made; for example, according to real estate listing aggregator Trulia, overall median home values in San Francisco have almost doubled at 90% gains over the ten years between 2009 and 2019. During the same period, Google stock increased 400% while the price of one Bitcoin between March 2011 and 2021 offered a nearly 6,000,000% return. Yet, for every standout investment opportunity, there are scores more that have either underperformed or failed, begging the question as to how investors can most efficiently put their hard-earned dollars to work.
KFI.one aims to tackle this challenge through objective, automated smart contracts. The project’s mission is to allow your money to walk with you in life. We don’t believe in luck-based investing — KFI.one will not gamble on the next blockbuster token — rather we embrace a more scientific approach in which we let the code speak for the yield potential of different projects. Our engine pools investment options and selects the most efficient place to park investors’ hard-earned cash. Given the culture of support for the tech development community at OKEX, we’ve identified OKchain to be the most suitable platform to grow with.”
KFI.one will launch on OKchain in April 2021. To learn about upcoming events and news regarding the upcoming release, follow the project on Twitter at @kfi_one_media or join the pre-launch Telegram group at t.me/kfione.
About KFI.one
KFI is the native cryptocurrency of the KFI.one DeFi protocol and serves as a governance token that allows users to vote on the direction of the protocol. Due to the protocol’s focus on automated yield farming strategies, KFI will launch on Okchain as its base token in April 2021.
