BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of Kira Network (KEX) under the trading pair of KEX/USDT on Dec 18 at 9:00 a.m. EST.
Kira Network aims to be the first decentralized network that powers DeFi with Liquid Staking. As opposed to typical Proof-of-Stake (“PoS”) networks, Kira enables staking on multiple chains and digital assets that can be used across the platform with full access to liquidity. With audits performed by Certik and Quantstamp, the network security increases with the growing number of tokens staked, aiming to maintain full liquidity and custody over all user assets with lower risk.
KIRA Token (KEX) is the native token of the KIRA Network. KEX is required to be held by community members for governance purpose and to determine interest rates for staking. KEX has both inflationary and disinflationary issuance mechanisms.
The Kira team brings together veterans from corporate finance, blockchain, and investment banking industries with core members from top institutions including Morgan Stanley, Polycom, and Barclays. Kira is currently planning on launching Mainnet and a hardware wallet – Kira Saifu Signer and the team is backed by leading institutions including Alphabit Fund, NGC Ventures, and, BTC12 Capital.
“Kira Network’s value proposition of liquid staking resonates deeply with the BitMax.io team and responds to the ‘Catch-22’ dilemma of PoS assets within the crypto ecosystem,” said Shane Molidor, Global Head of Business Development at BitMax.io. “Listing KEX will allow token holders to join Capital Mining and Staking on BitMax, which should further evolve the utility and fundamental value of Kira Network.”
Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust and innovative design ranging from cash and margin trading, derivatives trading, staking products, to other investment solutions.
For more information and updates, please visit:
Kira the first decentralized network that powers DeFi with Liquid Staking. As opposed to a typical PoS network, Kira enables staking on multiple chains and digital assets that can be used across the platform in their liquid form. KIRA Token (KEX) is a native staking asset of the KIRA Network. It is required to be held by community members for governance in decision making and optimizing yield.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Coverage People journalist was involved in the writing and production of this article.