A short introduction of the Chemix Labs
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Chemix Labs
Chemix Labs (Chemix for short) is the world’s first fractional-algorithmic synthetic assets protocol developed by the QIAN Protocol team. In Chemix’s minting operation, the algorithm part is regulated by KUN tokens. Chemix is open-source, permissionless, and entirely on-chain, currently implemented on the BSC (Binance Smart Chain) network. The name Chemix is derived from the Chemical reaction, which corresponds to the core business of the synthetic assets. The goal of Chemix is to establish a scalable, distributed, algorithm-adjusted synthetic asset management system. Its advantage is the improvement of user’s capital utilization and a stable arbitrage mechanism through real-time operations as minting, redemption, buyback, and recollateralization.
Online date: April 2, 2021
Project website
Chemix Whitepaper
Audit report
https://www.certik.org/projects/chemix
Github
https://github.com/QIAN-Protocol/Chemix
Telegram
Project token: KUN
Total supply: 12,000,000 KUN, dynamic allocation between Ethereum and Binance Smart Chain
KUN allocation:
50% community incentive (e.g. liquidity farming): 6,000,000 KUN
20% marketing activities: 2,400,000 KUN
25% strategic investment: 3,000,000 KUN
5% dev team incentives: 600,000 KUN
BEP-20 KUN token addresses:
https://bscscan.com/token/0x1a2fb0af670d0234c2857fad35b789f8cb725584
ERC-20 KUN token addresses:
https://cn.etherscan.com/token/0x65d9bC970aA9B2413027fA339F7f179B3F3f2604
Where to trade: PancakeSwap, CoinEx, Hotbit, Jaex.co
#1 Synthetic asset of Chemix: QSD
QSD (QIAN second dollar) is a fractional-algorithmic USD stablecoin, currently circulating on BSC, the stable arbitrage mechanism through real-time keeps the market price of QSD peg to $1.
QSD Smart contract address:
https://bscscan.com/token/0x07aaa29e63ffeb2ebf59b33ee61437e1a91a3bb2
