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Benqi

btc usdt daily chartWhere will BTC end November 2021? 5 things to watch in Bitcoin this week Bitcoin Bitcoin 56,948.4+2590.2 (+4.77%) 07:07:59 - Real-time Data 56,946.7 12:00 14:00 57,000.0 56,500.0 57,500.0 Technical Summary 5 Min:Strong buy Hourly:Buy Daily:Neutral Monthly:Strong Buy What is your sentiment on Bitcoin? or (BTC) is back at $57,000 as a new week begins after a late surge produced a much better weekly close than many expected. Making up for last week’s Coronavirus-induced sell-off and associated price dip, Bitcoin passed $58,000 overnight before consolidating higher, still up around 5.7% on the day.
by bnb_cake_avax_png_matic
QI BENQI/USDT price hourly Benqi listed CryptocomFrom inception, BENQI’s goal is to bridge the gap between Decentralized Finance (DeFi) and Traditional Finance. Crucial elements involved in this were prioritizing security, stability, usability and reduced barriers of entry into Decentralized Finance for the masses. The first step of this vision was with the launch of the BENQI liquidity market protocol on the most scalable and regulatory compliant blockchain network — Avalanche. Since the launch of the protocol on August 19, BENQI has achieved: 1st protocol to hit the $1 billion Total Value Locked (TVL) mark on Avalanche $2 billion worth of supplied assets in the first 2 weeks of launch 13,000+ total unique users Peak of 3,000 daily active users $1.2 million in 30-Day Protocol Revenue 1st recipient of the Avalanche Rush initiative 1st protocol on Avalanche to adopt Chainlink’s decentralized price feeds First month milestones BENQI’s lending and borrowing protocol filled a crucial gap within the Avalanche DeFi ecosystem by providing a safe, secure and user-friendly solution for users to supply assets to earn interests and/or borrow assets in an over-collateralized manner. With over $2 billion in total assets supplied, and the catalyst for bringing significant TVL into Avalanche, BENQI’s first product has shown clear product market fit. As DeFi matures and creates inroads into the institutional and traditional financial world, it is imperative that additional decentralized financial solutions are created. This enables diversified yield options, improved risk management, and greater capital efficiency, while building on DeFi’s promise of financial transparency and trust-minimization. BENQI outlines a vision of enabling further democratization of financial products with additional protocols and improvements that align with our goals and vision. Product Roadmap Liquid Staking — In Development The evolution of sybil resistance mechanisms for blockchains transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has enabled a shift in barriers of entries for users seeking passive returns in exchange for securing networks. Avalanche is a PoS network that generates fixed returns for users “staking” their assets to secure the network. This is done by staking the native Avalanche token, AVAX on validator nodes. While this provides users with rewards, it also bonds their tokens to the nodes essentially locking it up for a predetermined time. Additionally, PoS and DeFi are not inherently designed to be compatible with each other. Liquid Staking provides a solution for capital efficiency in PoS networks, offering users the opportunity to unlock their “staked” capital to be used on Decentralized Financial platforms. This provides users the benefits of passive returns on their staking rewards, while also being able to use their staked capital on Decentralized Financial applications seamlessly to manage their risk exposure and/or earn additional returns based on their strategies. BENQI will launch a Liquid Staking solution for users of the Avalanche network, providing the seamless unlocking of staked assets to be used on the Avalanche C-Chain. The liquid asset (sAVAX) will gain instant utility by being supported on BENQI’s live lending markets. Further, the composable nature of the Avalanche C-Chain enables users of the liquid staking protocol a variety of options to utilize sAVAX, improving capital efficiency and providing a wealth of strategies to both users and developers of the Avalanche ecosystem. The exact architecture of BENQI’s Liquid Staking solution, along with the QI token’s role within it, will be released in the coming weeks. BENQI Liquid Staking Lending and Borrowing Protocol — LIVE BENQI first launched on Avalanche when the ecosystem TVL was at roughly $250 million (the current TVL is ~$3.6 billion). Due to the lower network activity and thinner liquidity at the time, the solvency of the protocol was prioritized for the worst case scenario of a market-wide crash. Therefore, the initial protocol parameters, such as the collateral factor, were set at conservative values to enable the efficient liquidation of under-collateralized loans, ensuring solvency of the protocol.
by bnb_cake_avax_png_matic
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QI BENQI/USDT price hourly Binance, one of the largest Bitcoin (BTC) and cryptocurrency exchanges in the world, announced a partnership with the developers who run BENQI Finance (QI), a cryptocurrency built in the blockhain from Avalanche (AVAX) and which intends to bring the universe of decentralized finance (DeFi) to the competitor of Ethereum (ETH). As soon as Binance announced the partnership and the project listing, the IQ token went up about 90% in a matter of minutes. According to Binance’s announcement, the partnership involves the launch of BENQUI, the protocol’s native cryptocurrency, through Lauchpool, Binance’s staking system for new projects. In this way, Binance customers will be able to use Launchpool and staking BNB, AVAX and BUSD in separate pools to grow IQ tokens for over 30 days, with farming starting November 16th. Thus, by staking, Binance customers can earn part of the 7,200,000,000 IQ tokens for free (which represent 8.76% of the total circulating tokens). Customers who join the system will earn their IQ tokens for free every hour, just clicking on the “redeem rewards” button. What is BENQI Finance BENQI Finance is a decentralized finance (DeFi) protocol designed to provide decentralized and custodial liquidity, so through the protocol, users can easily borrow, borrow and earn interest on their digital assets. In this way, users can earn passive income through borrowing, and borrowers have the potential to grab cryptocurrencies from businesses without bureaucracy. BENQI is built on the Avalanche blockchain (AVAX) which basically functions as a competitor to Ethereum. The BENQI team realized that Avalanche could be the next successor to smart contracts and assets, which could lighten the load on Ethereum and provide frictionless transactions for the user. Currently, BENQI is the first loan protocol built on AVAX. BENQI is also a bridge to connect Ethereum to the Avalanche bridge (AEB.xyz), so the protocol can provide existing Ethereum users with a cheaper and faster alternative financial market by removing $300 gwei fees on Ethereum as well as 3 minutes required for transactions. As the first Avalanche loan protocol as a fundamental layer of DeFi, BENQI uses a time-based approach to calculating rates on the platform to provide users with the most accurate rates. The fees for transacting with the protocol are negligible due to the network on which BENQI is built and simplified smart contracts. Thus, the platform works by allowing users to deposit their assets, which will be added to a pool that can be used by third parties to take out loans. As a result, users who lend liquidity to the protocol can earn passive income. The funds stored in BENQI are managed by smart contracts. Initially, the governance of BENQI will be led by the project’s founding team, then eventually it will be delegated to a Decentralized Autonomous Organization (DAO) using IQ tokens which is the platform’s governance cryptoactive. READ MORE
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QI BENQI/USDT price hourly QI Price Live Data The live BENQI price today is $0.240563 USD with a 24-hour trading volume of $130,693,026 USD. We update our QI to USD price in real-time. BENQI is down 13.59% in the last 24 hours. The current CoinMarketCap ranking is #532, with a live market cap of $78,349,407 USD. It has a circulating supply of 325,692,000 QI coins and a max. supply of 7,200,000,000 QI coins. If you would like to know where to buy BENQI, the top cryptocurrency exchanges for trading in BENQI stock are currently Binance, Mandala Exchange, KuCoin, Gate.io, and Bitrue. You can find others listed on our crypto exchanges page. What Is BENQI (QI)? BENQI is a decentralized non-custodial liquidity market protocol built on the high-speed Avalanche smart contract network. The protocol allows users to lend, borrow, or earn interest using their digital assets. The team chose Avalanche because of its decentralized network’s claimed high scalability, low fees and compatibility with popular plugin wallets. One of the goals of BENQI is to become a cross-chain hub, connecting Ethereum, Polkadot and Binance Smart Chain (BSC) through the Avalanche subnets. BENQI was founded in 2021 with $6 million in backing. Among its strategic investors are Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, Moon Inc. Who Are the Founders of BENQI? Rome Blockchain Labs Inc. is responsible for the development of BENQI. It is an incubator and a software development firm specializing in decentralized finance (DeFi). JD Gagnon is one of the co-founders and CEO of Rome Blockchain Labs. The two other co-founders are Hannu Kuusi and Alexander Shul. JD Gagnon graduated with a bachelor’s degree in commerce in finance and accounting from the University of Alberta in Edmonton, Canada. Before Rome Blockchain Labs, Gagnon has created the Velox algorithmic trading platform. Gagnon is also the founder and CEO of Scotch & Ramen Media, Inc. and CSO of Etheralabs, Inc. Hannu Kuusi has experience building institutional-grade infrastructure for financial technology (fintech) and military applications. Alexander Szul is in charge of managing the development of the BENQI liquidity market platform. What Makes BENQI (QI) Unique? BENQI (QI) claims to be the first DeFi project on the Avalanche platform. It offers DeFi users from congested and centralized networks the option to move and place their unused assets on BENQI with no hurdles and low network fees. Avalanche allows BENQI users to seamlessly and affordably access decentralized financial services and increase control over their strategies. Developers have the option to use BENQI to create financial products using the protocol and transferable revenue tokens. BENQI also aims to ease the overloading of the Ethereum network by providing Ethereum users with a less expensive and faster alternative. BENQI members can withdraw liquidity from the shared liquidity market, borrow from the liquidity market and get a clear view of interest rates. Related Pages: Learn more about Avalanche.
Long
by bnb_cake_avax_png_matic
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Textbook price action for Benqi a further dive into low cap gem Benqi, a defi platform running on Avalanche (which is a very trendy coin right now and thus infrastructure coins on AVAX will follow) with a market cap of just 180 million usd. As we can see from the price action it has been in an accumulation phase since late August and consolidated beautifully in the lower order block. (brown) It is now starting its first of five impulse waves and right now coiling up for the breakout move beyond the downwards sloping resistance. I expect a move inbound soon beyond the second order block (light brown) towards the 0.618 extension, if it can consolidate in the upper (green) order block; a 250% move is in the making, with a potential towards a 470% breakout. I like low caps! :) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Long
by cryptobullethbtcxlm
6
QI: 2 to 3X incoming!I've been looking for some low cap altcoin opportunities and found one with Benqi, the liquidity / lending platform running on Avalanche just launched on Binance. The launch saw some overextended prices and its been in a downtrend ever since. Not anymore, we just broke resistance and set for a 83% pump with potentially a 143% in just the coming week. Why? - super low market cap of 176 million - running on Avalanche which is big hype right now so AVAX based projects will follow - just listed on Binance and one of the lowest market cap coins there a no brainer. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Long
by cryptobullethbtcxlm
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QI (BENQI) trendline breakout soonthe red line is 100sma, still not enough history for 200 to be seen if this big trendline is broken and retested, could have a nice upside move in the mid-term if the market does well. SRSI is on the roof, and could see some pullback before going up... ideally would be if breakout and then cools off while retesting it... the first big test for QI would be that 100sma level, which could be TP level, or just a small hurdle before going more up...
by PhilosophersStone
QI under big resistanceBENQI is under a big resistance zone right now, it acted as support multiple times and high resistance COULD be expected. Broke out from this descending trend line formed 8 days ago, and that is a good sign. Looks like death cross on SRSI and MACD have a chance to print it also. According to indicators it could turn back down and retest of that trend line or support level at 0.0857. If that level is lost, more downside could be expected and we could open a SHORT trade. In the market getting in FOMO right now, I would keep an eye on it or set alarms, it has a chance to shoot up before that full retest... Good luck traders
by PhilosophersStone
Benqi (QI) Avax Defi Gem Potential +15xBenqi (QI) Avax Defi Gem with a potential +15x from the current price. What is Benqi? BENQI is a peer-to-peer (P2P) lending protocol that is slowly emerging as a leader in the Avalanche (AVAX) DeFi ecosystem, further to this, Benqi also has a goal to build primitives developing a Defi platform on a subnet. Benqi already has $2bn in total locked value with a low market cap of $63,110,178. Built on Avalanche’s highly scalable network, BENQI’s vision of bridging decentralized finance (DeFi) and institutional networks starts by launching BENQI on the Avalanche C-Chain. It’s important to get into these projects when there is no media attention or hype as you can simply maximise your gains before word starts catching on. The project was launched in the 19th august, there is great potential here for 15x plus in gains, sniper entry at or just above the 23.60% fibs ($0.09-$0.15).
Long
by CryptocurrencyMagnet
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Qi/USDT Farm token getting wrekt 4Hour time frameQI token can be bought on Kucoin and farmed on Benqi on the avax chain. This token has been dropping like fire in this bull market and unable to keep up with the price appreciation. Most likely this token is being sold as soon as it gets into the hands of the people because of its lack of utility. As you can tell, most likely this will have a hard time recovering back to normal price levels. One of the reasons why I left Avax chain because of high transaction fees, sloppy UI on other platforms, and user adoption. Polygon, Terra, and Solana has more options, though Solana does not have a well known DeFi. Polygon and Terra rules the DeFi space. More money to be made elsewhere especially with all the money being raised for liquidity incentives.
by WiThConFi