Kinka XNK Price

What is Kinka (XNK)?

Kinka (XNK) is a real-world stablecoin designed to make investing in gold more accessible. It was created through a collaboration between Daiichi Commodities, a publicly traded company on the Tokyo Stock Exchange (TSE), and Crowd Bank, Japan's largest crowdfunding platform.

Key Features of Kinka (XNK)

• Real-World Asset Backing: Each XNK token is backed by one troy ounce of physical gold that is securely stored in a vault. This ensures a 1:1 reserve ratio, meaning every XNK token is fully backed by actual gold.
• Listed Issuer: Kinka is launched by Daiichi Commodities, an established company with a solid reputation. Their listing on the Tokyo Stock Exchange adds credibility to the project.
• Partnership with Crowd Bank: The collaboration with Crowd Bank helps make gold investment accessible to a larger audience, leveraging their expertise in crowdfunding.
• Limited Supply: Currently, there are only 482 XNK tokens in circulation, creating a unique opportunity for investors interested in a limited asset like gold. As more gold is added to the vault, more tokens will be issued.
• Bankrupt Remote Storage: The gold backing XNK is stored in a secure vault and is "bankrupt remote," meaning it won't be part of the company's bankruptcy estate if unforeseen issues arise.
• Minimum Redemption: While each XNK token represents an individual troy ounce of gold, redeeming physical gold requires a minimum of 10 kg, equivalent to 321.507 XNK tokens.
• Multi-Chain Liquidity: XNK is currently trading on exchanges like Bitmart and Coinw and is working on bridging to popular blockchains like Binance Smart Chain (BSC) and Polygon to create liquidity pools.

Benefits of Investing in XNK

• Invest in Gold: XNK provides a secure way to invest in physical gold without the challenges of storage and transportation.
• Fractional Ownership: Unlike traditional gold investments, XNK allows you to own smaller fractions of a gold bar, making it more accessible to various investors.
• Transparency and Trust: The partnerships with reputable institutions like Daiichi Commodities and Crowd Bank enhance trust and transparency within the Kinka ecosystem.
• Potential for Growth: The limited supply and expansion plans across different blockchains suggest potential for future growth.

Conclusion

Kinka (XNK) offers a modern solution to the challenges of traditional gold investment. By providing a secure, transparent, and accessible way to invest in gold, backed by established companies, XNK is set to change how people think about investing in this precious metal.

What is unique about Kinka (XNK)?

Kinka (XNK) is unique because it is a stablecoin backed by physical gold, ensuring a 1:1 reserve ratio, and offers fractional ownership, making gold investment more accessible to a broader audience.

Who are the founders of Kinka (XNK)?

Kinka (XNK) was launched through a collaboration between Daiichi Commodities, a publicly traded company on the Tokyo Stock Exchange, and Crowd Bank, Japan's largest crowdfunding platform.

Who are the backers/investors of Kinka (XNK)?

Kinka (XNK) is backed by Daiichi Commodities and Crowd Bank, providing credibility and trust through their established reputations in the financial and crowdfunding sectors.

Where can I buy Kinka (XNK)?

 BitMart, Uniswap V3 (Ethereum)