The cryptocurrency market is wide and there are good options for all tastes. One of them is undoubtedly Kira Network's KEX token, a revolutionary platform with its novel Liquid Staking concept that allows KEX holders to be able to obtain passive income from any of their tokens and at the same time maintain the liquidity of the capital that these represent. tokens on and off your network.
Due to the novelty of the Liquid Staking proposal, popularly known as Staking 2.0, user-derived assets can be freely transferred and used on and off the Kira network to interact with various DeFi applications.
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Thanks to its interoperability with chains such as Polkadot, Cosmos, Bitcoin or Ethereum, the Kira Network allows a wide variety of use cases in the decentralized finance (DeFi) sector, which is why the interest is increasing among the users of the ecosystem blockchain for getting the KEX token. Here we detail the options for it.
Knowing the KEX token
The KEX token is an ERC-20 token issued by Kira Network in November 2020, which currently occupies the 1048 ranking according to CoinmarketCap.com, with a current price of $0.6044 (+2.43%) per token and a Fully Diluted Market Cap of 180.44 million dollars (+1.83%).
KEX has been listed on some benchmark centralized exchanges such as AscendEX (Bitmax) or Hotbit, not to mention its peer on the market leading DEX such as Uniswap. For the most newbies, acquiring KEX through altcoins such as ETH or USDT becomes a bit difficult when you only have traditional banking financial instruments. Therefore, the first step is to acquire altcoins such as Ethereum on a large centralized exchange such as COINBASE or BINANCE that accept fiat money, and then bridge to the exchanges where the KEX token is available.
If you are a user who is not in the countries restricted by AscendEX or Hotbit to acquire Bitcoin or altcoins such as Ethereum through fiat money, then the procedure is limited to obtaining your first cryptos on these sites and directly swap for KEX tokens internally.
Step 1: Register with Binance
The first step is undoubtedly to register with a large exchange such as Binance that allows the purchase of Bitcoin (BTC), Ethereum (ETH) or the stablecoin USDT through fiat money either with a credit / debit card, bank transfer or by using of your P2P platform. To do this, register with exchanges such as Binance and go through the corresponding verification process to activate your account.
Step 2: Buy crypto with fiat money
Once the KYC process is approved, proceed to add payment methods such as credit / debit cards, bank accounts, so that you can 'exchange' your fiat money for cryptocurrencies such as BTC, USDT or ETH.
After making your first purchase, you can proceed to the next step.
Step 3: Transferring your cryptos to an exchange that has the KEX token
With our first purchase of USDT for example, we can make the corresponding withdrawal of these funds to an exchange like AscendEX or Hotbit, for the respective exchange for our desired Kira Network KEX token.
This time we will take AscendEX (Bitmax) as a reference, which we must proceed to register with only level 0, which is more than enough for a trade / withdrawal of up to 2 BTC per day without the need for the respective KYC.
After going through a process similar to the one we have done in Binance, and configuring our account with the respective security protocols (2FA, mail, phone), we proceed to deposit our USDT acquired in Binance.
Step 4: Depositing funds to exchange
In AscendEX, you must go to the 'Deposit' section, then in the search box, select your currency to deposit (in this case USDT).
Selecting USDT, go to where it says ‘USDT address’ select the corresponding network and copy it to take it to the corresponding withdrawal section in Binance.
In Binance, click on 'Wallet - withdrawals' and then select the USDT currency and the network to use (as copied in AscendEX) and paste your destination wallet address in the corresponding box, as well as the amount to send.
Click 'Submit' to continue, you should receive a confirmation email once the funds arrive at AscendEX.
Step 5: Acquiring your KEX tokens
With your USDT funds in AscendEX you can now easily trade to acquire your first KEX tokens from Kira Network. To do this, go to Markets and select the KEX currency, which has the pair enabled for KEX / USDT trade.
Once the KEX / USDT pair is selected, you must observe that the interface is renewed and you get a new graph of the real-time price of the KEX tokens against the USDT stablecoin.
Below that is a box with a green button that says 'Buy KEX', within the box choose the 'Market' tab, since it is the simplest and most direct exchange rate for purchase orders. Enter the amount in USDT to invest to acquire KEX tokens and click on the aforementioned green box 'Buy KEX'.
With this, you will have finally bought your first KEX tokens through a centralized exchange and with fiat money in just five steps and in a simple and direct way!
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More about Kira Network
Kira Network is a Blockchain platform based on the Multi-Bonded Proof of Stake (MBPoS) consensus mechanism that allows activating the staking of any digital asset (NFTs, cryptos, fiat, real estate, etc.) while providing liquidity for those Assets linked through equity derivatives with native support.
With the launch of its next Mainnet, Kira Network will allow users to harness the potential of their assets in their non-custodial wallets of any interoperable chain without worrying about the loss of liquidity that traditional staking forces on other platforms.
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In addition, the KEX token enables governance on the network, while allowing a ramp between the traditional fiat world and crypto, as well as taking advantage of the boom in NFTs. KEX can be acquired in addition to centralized exchanges as we have explained above, on leading Ethereum DEXs like Uniswap and Binance Smart Chain (BSC) like PancakeSwap.
In addition to Liquid Staking and the chain exchange protocol, Kira Network will allow decentralized crowfunding on its platform through the Initial Validator Offer (IVO), without the need to spend assets, block capital or give up custody of its tokens.
In the last six months, the Kira Network team has been working on increasing strategic alliances to activate the liquid, non-custodial staking of digital assets issued and available through various DeFi platforms and protocols.
Find more official information about Kira Network here:
Website: https://kira.network/
Telegram Group Global: https://t.me/kirainterex
Blog: https://kira.network/blog.html
