Karura KAR Price 0.08941396

What is Karura?
Karura is an all-in-one finance platform built on Kusama and Polkadot.
You can learn more about this project by diving into Karura.
Several funds backed Karura and Acala. Both Karura and Acala are operating at the same time. Karura is doing the same thing as Acala is doing on Polkadot.
Parachain Karura is a platform that allows users to create low-cost and complex financial applications.
The platform has a multi-collateralized stable coin backed by cross-chain assets, a trustless staking derivative, and an automated market maker.

Who are the people who started Karura?
The team behind the Acala Network is behind Karura.
The current CEO of Acala is Ruitao Su. He was the chief technology officer of Centrality.
The COO at Acala Network is Bette Chen. She is a product manager. Chen has degrees in software engineering and business.
Bryan Chen is a co-founder of Acala Network. He is a co-founder of the company.

What makes Karura unique?
All developments and technological updates made by the Acala team will always be delivered to Karura.
Karura Dollar has a peg to the value of the U.S. dollar.
If you don't want to participate in auctions but still want to receive staking rewards, Karura has a protocol for that. Users will have to wait seven days to unfreeze the token.
Karura has a wallet.
Karura has the ability to execute hundreds of DeFi strategies without leaving the platform. Cross-chain token can be used to issue a self-service loan in kUSD. The Karura DEX can be used to earn fees.
The Karura Defi Hub on Kusama has liquid KSM (LKSM) staking, a decentralized exchange, an algorithmic stable coin, and a fixed KAR token supply.

There are pages related to this.
You can read about Kusama and Polkadot.
Take a look at the Karura environment.
What is Acala?
There is more about Decentralized Finance.

How many Karura Coins are in circulation?
Karura is a custom-built platform. KAR has a maximum supply of 100,000,000 and is powered by a utility token.
60.87% of the total supply is allocated to the ommunity, 10% to the founding team, 10% to the backers and 18% to the early backers.

The KAR token supports six different use cases.

How is the Karura network secured?
Karura uses the EVM for security and doesn't support smart contracts.

Where can you buy Karura?
The KAR token is not available for trading on any exchanges.
Check out our guide to learn more.