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Asia Blockchain Community (ABC), a brand operated under Blockcast.cc will be hosting an AMA session with Konstellation Network on 19 October 2021, 8.00 pm Singapore time (GMT +8) on its Telegram channel, https://t.me/Blockcastcommunity.
Konstellation Network is a decentralized cross-chain capital markets protocol built on Cosmos. It aims to connect funds, liquidity, and assets across the DeFi ecosystem. In essence, Konstellation Network is metaverse plumbing, using a hub and spoke mechanism to unite the different siloes of the blockchain industry into one set of capital markets.
Konstellation Network is home to a burgeoning ecosystem that includes projects facilitating the interoperable trading of NFTs, stablecoins, NFTs, crypto-asset indices, synthetic asset trading, and more. Konstellation Network allows new and seasoned investors to pursue a wide variety of investment opportunities in the DeFi and cryptocurrency market.
DARC is the token powering the Konstellation Network, and it has a variety of use cases. DARC stakers will receive decreased fee rates across the projects built on Konstellation. DARC will also be used as payment on Konstellation-based dapps. Additionally, projects are being constructed on Konstellation where DARC holders will be able to utilize their tokens as collateral for minting synthetic assets or as liquidity for AMMs. And, finally, DARC will be used in governance, allowing holders to participate in proposals that decide the fate of the protocol.
“Konstellation is a blockchain development firm creating blockchain-based infrastructure to support the DeFi capital markets, including the Konstellation Network. The Konstellation Network is a decentralized cross-chain capital markets protocol built on Cosmos. It is aimed to efficiently connect funds and the various components of the asset management industry with investors across digital assets. Konstellation intends to be the financial services industry hub for Cosmos and other blockchain ecosystems through strategic inter-blockchain communications. The network is powered by DARC tokens, which are required for the Konstellation network’s governance and transactions.” Sang Lee, President of Konstellation Korea added.
“Konstellation intends to be *the* financial services hub of DeFi, where users connect funnel, trade, and port financial assets between blockchains like Cosmos, Ethereum, Solana, Binance Smart Chain, Hedera, or any other layer 1 platform. If a blockchain supports DeFi, Konstellation Network aims to build bridges and infrastructure to allow users to leverage their assets across the DeFi metaverse. This is why we want to host Konstellation. We felt that their products and suite of service will help bridge both financial systems.” Melody Chan, Chief Editor, Blockcast.cc commented.
The Asia Blockchain Community (ABC) is a community based and run by volunteers in Asia. ABC understands the market well and is supported by a panel of blockchain and crypto experts and influencers. The community has hosted more than 50 projects in recent months.
You can find out more about the Konstellation Network at https://konstellation.tech/.
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