Weekly Update (05–09–21)
#WeeklyUpdate
Thank you, community, for your love and support, we had a very interesting week!
This is just the beginning. Knit Finance has been listed on 4 Exchanges with very good trading volume response and demand from the community.
We have reached over 69K+ followers on Twitter and 46K+ on Telegram Group.
Our partnership ecosystem continues to grow with large communities supporting Knit Finance.
Here’s a quick recap on what transpired this week:
Partnership announcements
🔸Partnership with QuarkChain
Through this partnership, Quarkchain native tokens will be integrated into Knit Finance’s multichain platform to allow QKC to be transacted across multiple independent blockchains in a wrapped K-QKC token.
🔸Partnership with e-Money
Knit Finance is pleased to announce its collaboration with e-Money, a suite of asset backed, interest bearing digital currencies including eEUR, eCHF, eNOK, eSEK and eDKK. Access to e-Money’s multi-currency stablecoins will propel adoption of Knit Finance amongst the European user base. Additionally, the Knit Finance — e-Money collaboration will provide awareness to each other’s communities on their respective projects.
e-Money will be integrated on the Knit Finance multichain platform encouraging more users within the region to join the platform and use their native currency to facilitate transactions. These stablecoins are also interest-bearing, indicating that the interest earned on the underlying assets is reflected in the token’s value, allowing token holders to make financial gains. Furthermore, quarterly audits by Ernst & Young will guarantee the integrity and transparency of e-Money stablecoins, ensuring Proof of Funds.
Knit Finance will also enable it’s partner’s assets to get stake on Knit Finance partners platform and generate rewards to users for staking their stackable token assets and create greater reach in the audience.
🔸Partnership with Telos
Telos is a third-generation blockchain platform for building fast, scalable distributed applications with feeless transactions. The telos network has been developed to power the economies of the future and provide human-scale solutions to global challenges. With these goals in mind, it includes innovative governance features that empower organizations to shift influence and decision-making to a more collaborative and transparent model.
Through this partnership, users can move wrapped $TLOS tokens across multiple chains like Ethereum, Polygon (Matic), MoonBeam, BSC, Fantom and Heco Chain, with more to come in future. Knit Finance’s wrapped assets will also be compatible with the TomoChain ecosystem, enabling more seamless liquidity transfer between networks.
🔸Partnership with Cartesi
Knit Finance’s integration will unlock DeFi opportunities for CTSI across multiple chains
Knit Finance, a decentralized protocol for creating cross-chain wrappers for the top-200 assets, is integrating Cartesi (CTSI) into its platform.
With Knit Finance, users can deposit tokens to an insured custody platform and mint k assets which are 1:1 equivalent in value and are available on multiple chains for trading, staking for yield, lending and margin trading.
🔸Partnership with IOST
Knit Finance is pleased to announce its collaboration with IOST , an ultra-fast, decentralized blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB)
Knit Finance unlocks the full potential of DeFI by bridging the entire crypto ecosystem to DeFi using a wrapped protocol.
Through this collaboration, Knit Finance will integrate IOST native token into its multi-chain platform, while creating market options and boosting liquidity for both assets. Knit Finance also plans to add K-Asset tokens for staking into the IOST staking platform that offers substantial flexibility and extremely high staking rewards to users.
🔸Partnership with DigiByte
Knit Finance is proud to announce that it will integrate DigiByte, one of the fastest, secure, and decentralized blockchains in the world today!
As Knit Finance continues to march ahead in its mission to unlock the full potential of DeFi, this latest partnership will surely help more investors participate in the explosive DeFi space. More specifically, the collaboration will pave the way for Knit Finance to integrate DigiByte on its multi-chain platform.
Through Knit’s innovative K token standard, DigiByte’s native token will be issued as a wrapped token, K-DGB to promote cross-chain fluidity of $DGB for the benefit of DigiByte users.
🔸Network Partnership — Polygon
Knit Finance has integrated Polygon Network (previously matic) into its Multi-chain platform.
Polygon is the first well-structured, easy-to-use platform for full-stack Ethereum scaling and infrastructure development. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
Knit Finance integrates Polygon Network into its multi-chain platform.
Polygon assets will be tradable across multiple chains.
🔸Staking Partnership — Figment
Knit Finance is thrilled to partner with Figment, a leading solutions provider in Staking, middleware, and application layer solutions for token holders and developers investing in and building on Web 3 technology.
Knit Finance users will have access to the added advantage of extra earning’s opportunities by staking their native token, while original token assets will be insured by custodian’s and generating staking rewards, users can also utilize
their wrapped kAssets for trading, lending, margin trading and liquidity provisions.
🔸Meet the Team: COO, Mr. Nikhil R Karande
Meet Nikhil R Karande, a successful entrepreneur and engineer, specializing in IT and affiliated with Blockchain since 2013. He has previously attended State and National Level hackathons as a Blockchain Judge.
🔸KNIT Finance — public sale 647x oversubscribed
Knit Finance public sale went 647x oversubscribed. We were overly committed by $6.4M,
Total sale allocation : $30,000
Total 500 wallet addresses are selected from which 300 addresses will participate on a first come & first server basis.
🔸KNIT Finance listing on Gate.io | UNISWAP | PANCAKESWAP
$KFT Trading is live now
Uniswap
Gate
https://www.gate.io/en/trade/KFT_USDT
https://www.gate.io/en/trade/KFT_ETH
PancakeSwap
https://pancakeswap.finance/add/BNB/0x1b41a1ba7722e6431b1a782327dbe466fe1ee9f9
Smart Contract Address
ERC20
0xEF53462838000184F35f7D991452e5f25110b207
BSC
0x1b41a1BA7722E6431b1A782327DBe466Fe1Ee9F9
🔸KNIT Finance — reached massive 18X on Gate.io listing
Knit Finance got listed on Gate.io UNISWAP & PANCAKESWAP price went sky rocketing upto $3.5
Which showed investors interest & trust with the project.
🔸KNIT Finance — Crypto Daku AMA session
🔸AMA with Gains associate
🔸KNIT Finance 70K+ followers on Twitter!
Knit Finance reached 70k twitter followers on twitter by the end of whitelisting which not only encourages us for good work but also shows that the community loves us so much .
We have more exciting events planned for your coming week.
Stay updated through social channels for all things KNIT!
Follow Knit Finance through official channels :
Announcement Channel | Medium | Facebook | Reddit | LinkedIn | Twitter | Youtube | Github | Website
