Benqi
Name
Benqi
Summary
BENQI is a decentralized non-custodial liquidity market as well as a liquid staking protocol
-It was founded by JD Gagnon, Hannu Kuusi, and Alexander Shul.
-It is built on the high-speed Avalanche smart contract network
Rating
Symbol
QI
Overview
BENQI (QI) promises to be the Avalanche platform's first DeFi Lending project. It allows DeFi customers on congested and centralized networks to move and store their unused assets on BENQI with no restrictions and inexpensive network prices. BENQI customers can use Avalanche to access decentralized financial services and gain more control over their plans in a simple and cost-effective way.
BENQI also hopes to alleviate the Ethereum network's overcrowding by offering Ethereum users a less expensive and speedier alternative. BENQI members can gain a clear view of interest rates by withdrawing liquidity from the shared liquidity market, borrowing from the liquidity market, and borrowing from the liquidity market.
Historical Price Movement (in INR)
Technology
Since, it is based on Avalanche Platform, therefore, it is secured by the Proof-of-Stake consensus mechanism.
Token Sales
25%
Team
10%
Treasury
14%
Exchange Liquidity
1%
Liquidity Mining
50%
Volume (26th April 2022)
$15,748,332
Total Supply
7200000000
Circulating supply
325,692,000.00 QI
Crowd Sales
BENQI Finance has raised a total of $6M in funding over 1 round.
Funding
1/04/2021: Private Equity Round- $6M
Country
USA
Name of Organization
Benqi FInance
Year Incorporated
2021
Registered Address
NA
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| JD Gagnon | Co-Founder | University of Alberta: Bachelor of Commerce - BCom, Accounting and Finance | 13 Yrs |
| Dan Mgbor | Co-Founder | University of Southampton: Master's Degree, Business Analytics & Management SciencesUniversity of Nottingham: Bachelor's Degree, Electronic & Computer Engineering | 14 Yrs |
