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

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Rating

BBB

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)

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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