Please read this write-up to be apprised with a liquidation setting protocol known as the Benqi Crypto, its current price, and the steps to buy its tokens.
The traders often avert from cryptocurrency in spite of it being a proficient phenomenon related to investing and earning rewards. A major cause for this is the soaring network charges that are involved in the blockchain ecosystem.
In today’s account, we have discussed the Benqi Crypto that attempts to obliterate this vacillation from the minds of the investors in the United Kingdom, France, Canada, and the United States, by offering lower fees and setting rules related to the liquidity of assets.
What is Benqi?
Benqi is a cryptocurrency protocol that is grounded on the Avalanche blockchain. It sets the agreement that the investors must follow for easy conversion of their assets to physical money, termed as liquidity.
This protocol is not protected by any central authority and thus enables the traders to freely trade with their virtual possessions, earning rewards in the process. The Benqi Crypto aims at providing loans without permissions to result in instantaneous access to the marketplace. It also grants lower network charges for trading in the blockchain.
Founder of Benqi
The ideology behind the creation of this crypto protocol in 2021 was given by Rome Blockchain Labs Inc., whose founders are Hannu Kuusi, JD Gagnon, and Alexander Shul.
Benqi Price Today
The latest price of the Benqi token, symbolized as QI, is $0.214210, with a total supply of 7,200,000,000 QI.
Benqi Coin Supply / Market Supply
Please find the analytical data of the Benqi Crypto, with the live figures noted while jotting this write-up.
- Market Cap Rank – 466
- Market Cap – $69,766,524
- Fully Diluted Market Cap – $1,554,533,211
- 24-hour Trading Volume – $32,244,834
- 24h Low / 24h High – $0.198979 / $0.298402
- 7d Low / 7d High – $0.04985027 / $0.389292
- Fully Diluted Valuation – $1,542,312,906
- Total Value Locked – $1,008,641,931
- All-Time High – $0.394170 (acquired on 24 August 2021).
- All-Time Low – $0.04889830 (reached on 20 August 2021).
- Circulating Supply – 325,692,000 QI
- Total Supply – 7,200,000,000 QI
How to Purchase the Qi Tokens
Please find the steps to buy this token from the Pangolin exchange and Avalanche portal that support the Benqi Crypto.
- Visit the Avalanche website and create your wallet.
- Purchase the initial amount of Avalanche coins or AVAX from a compatible exchange.
- Transfer the AVAX to your Avalanche wallet.
- Link the MetaMask wallet to Avalanche by mentioning the network details.
- Visit the Pangolin portal and go to ‘Swap’.
- Select QI from the list and connect the Metamask wallet.
- State how many QI tokens you would like to buy.
Frequently Answered Questions (FAQs)
Q1. What is the smart contract address of this crypto?
A1. The smart contract address of the Benqi Crypto in Avalanche blockchain is 0x8729438eb15e2c8b576fcc6aecda6a148776c0f5.
Q2. What is the fully diluted market cap of this crypto coin?
A2. The fully diluted market cap of the Benqi token is $1,554,533,211.
Q3. How many tokens shall be distributed amongst the Benqi population?
A3. The team shall disburse 3,240,000,000 QI to the Benqi community.
Q4. Where can I get the latest information about this crypto on social forums?
A4. You can find the current data about Benqi on Telegram, Twitter, Github, and Medium.
Q5. What is the highest amount that I can borrow on a given asset?
A5. You can borrow a maximum of 40% on a said asset.
Conclusion on the Benqi Crypto
The subject cryptocurrency can prove to be rewarding for the crypto-enthusiasts as it offers an additional impetus amount of 10% to carry out the liquidation. The prediction of the Benqi token on the Web is also impressive. However, one must remain careful before investing in any cryptocurrency and must be knowledgeable about Common Cryptocurrency Scams and How to Avoid Them in this regard.