The partnership brings a powerful protocol incubation platform to the Kebab Finance user pool.
On June 15th via an official Medium post, Kebab Finance announced their brand new partnership with Astronaut.to. The partnership will allow Kebab Finance users to have greater access to the DeFi ecosystem with new features centered around improving IDO/ICO operations. The partnership looks to use the power of Binance Smart Chain (BSC) and build a better platform for users and investors so that they may take advantage of the financial capabilities and opportunities that exist in DeFi.
Astronaut is a protocol built to decentralize the way in which new projects and concepts can enter and grow in the BSC ecosystem. Astronaut also aims to help raise capital for these new DeFi projects by setting up a swap pool based on a fixed purchase rate for the tokens. The update also brings a new liquidity pool, where users will be able to stake $KEBAB and earn $NAUT, Astronaut’s native token.
Astronaut’s “Fixed Swap Pools” have many benefits for token sale investors over traditional Initial Coin Offerings (ICO) and Initial Farm Offering (IDO) fundraising models. The advantage is that Astronaut is able to maintain the token price throughout the duration of the sale until the initial supply is bought.
Kebab Finance investors and users can now engage in a more secure and interoperable environment within Binance Smart Chain, thanks to their new partnership with Astronaut. There is less cause for concern in regards to volatility due to the assurance of the token price thanks to Astronaut’s fixed pools.
What is Kebab Finance?
Kebab Finance is a Decentralized Exchange (DEX) that utilizes Automated Market Making (AMM) technology. Kebab is specifically a PancakeSwap fork on Binance Smart Chain (BSC), which shares similar features to that of SushiSwap on the Ethereum network. Kebab Finance’s exchange model creates seamless token swaps, which are both decentralized and permissionless. Kebab Finance is fundamentally focused on providing liquidity using BUSD pairs, creating more liquidity for investors who prefer BUSD.
What is Astronaut?
Astronaut is a platform that was created for decentralizing the way in which new projects and ideas can enter the BNB ecosystem and raise capital. The protocol allows crypto projects to raise funding by creating a pool that is based on a fixed purchase rate for tokens. These pools have a soft cap and a hard cap. NAUT, which is the native token of Astronaut, can be staked along BUSD and be rewarded a guaranteed allocation of the IDO. With Astronaut, decentralized protocols will be able to raise and exchange capital cheaply and fast. The goal is for users and investors to be able to participate in a secure and interoperable environment within Binance Smart Chain.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.