Kwenta priceKWENTA
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About Kwenta(KWENTA)
What is Kwenta (KWENTA)?
Kwenta is a platform that enables users to trade synthetic assets, which are tokenized derivatives representing the value of another asset. The platform is built on the Synthetix protocol and operates on layer 2 Optimism. This allows for lower gas costs and higher scalability. Additionally, Kwenta offers isolated margin and up to 25x leverage. To determine asset prices, the platform uses a hybrid oracle approach that combines Chainlink and PYTH. Traders need to deposit sUSD and must meet a $40 minimum deposit requirement to encourage timely liquidations.
How does Kwenta (KWENTA) Work?
If you're planning to buy synthetic assets, open a Futures position, or leverage any of the financial tools available on Kwenta, you'll need to use sUSD. This is because Kwenta quotes its asset prices against sUSD. Choosing sUSD also supports Kwenta's decentralized ethos. It's worth noting that sUSD is a fully decentralized stablecoin that's minted by Synthetix, a decentralized liquidity protocol. Because of its decentralized issuance, sUSD cannot be muted, blocked, or stopped.
What is the KWENTA Token?
In order to encourage collaboration and expansion within the Kwenta DAO, the KWENTA token will serve as a means of incentive. Its two main uses will be staking and governance.
KWENTA to local currency
Crypto calculator- 1 KWENTA to USD$75.02
- 1 KWENTA to JPY75.01512
- 1 KWENTA to VND75.01512
- 1 KWENTA to RUB75.01512
- 1 KWENTA to EUR (Español)75.01512
- 1 KWENTA to TRY75.01512
- 1 KWENTA to EUR (Italiano)75.01512
- 1 KWENTA to EUR (Français)75.01512
- 1 KWENTA to EUR (Deutsch)75.01512
- 1 KWENTA to CNY75.01512
- 1 KWENTA to TWD75.01512
- 1 KWENTA to EUR (Português)75.01512
- 1 KWENTA to IDR75.01512
- 1 KWENTA to THB75.01512
- 1 KWENTA to PLN75.01512
- 1 KWENTA to UAH75.01512
- 1 KWENTA to UZS75.01512
- 1 KWENTA to SAR75.01512
- 1 KWENTA to PHP75.01512
How to buy Kwenta (KWENTA)
Trade KWENTA perpetual futures
After having successfully signed up on Bitget and purchased USDT or KWENTA tokens, you can start trading derivatives, including KWENTA futures and margin trading to increase your income.
The current price of KWENTA is $75.02, with a 24h price change of -3.03%. Traders can profit by either going long or short onKWENTA futures.
Join KWENTA copy trading by following elite traders.
Kwenta news
See moreThe liquidation volume on the DeFi chain exceeded US$120 million in the past 24 hours, setting a new high for the year
Bitget announcement on the removal of 8 trading pairs under spot bot trading on February 29, 2024
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Kwenta Social Data
In the last 24 hours, the social media sentiment score for Kwenta was 3, and the social media sentiment towards Kwenta price trend was Bullish. The overall Kwenta social media score was 0, which ranks 1430 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Kwenta being mentioned with a frequency ratio of 0%, ranking 1430 among all cryptocurrencies.
In the last 24 hours, there were a total of 45 unique users discussing Kwenta, with a total of Kwenta mentions of 4. However, compared to the previous 24-hour period, the number of unique users decrease by 15%, and the total number of mentions has decrease by 0%.
On Twitter, there were a total of 0 tweets mentioning Kwenta in the last 24 hours. Among them, 0% are bullish on Kwenta, 0% are bearish on Kwenta, and 100% are neutral on Kwenta.
On Reddit, there were 0 posts mentioning Kwenta in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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