Description
AskoLend decentralized protocol is a fork of Compound Finance. Compound is a decentralized, overcollateralized loans protocol built on Ethereum. AskoLend differs from Compound in that: it will be launched on Binance Smart Chain (BSC), it?s a multichain lending platform, it?s accessible to low, mid, and high market cap tokens, and its lenders are able to select between high and low-risk lending pools. These differences lead to some benefits of AskoLend over Compound.
With AskoLend?s utilization of BSC, the cost and speed per transaction are significantly lowered compared to Compound and Ethereum. With AskoLend?s accessibility to lend and borrow low, mid, and high market cap tokens, the potential scope of AskoLend?s lending and borrowing markets becomes vast; AskoLend has the capacity to list ~70 assets, compared to the 9 assets currently listed on Compound. Lastly, with AskoLend, lenders can pick their allocation between high-risk and low-risk lending pools for overcollateralized lendin
Market Rank
In the dynamic and ever-changing landscape of cryptocurrencies, ASKO has established itself as a formidable player. It is currently ranked #16,518 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in ASKO as a viable digital asset.
Buy & Sell Taxes
When trading ASKO, it is important to consider the buy and sell taxes associated with each transaction. The buy tax for ASKO is 0.01%, while the sell tax is 0.00%. These taxes could potentially affect your overall returns, so it's crucial to factor them into your investment strategy.
Tokenomics
The tokenomics of ASKO consist of a total supply of 70,000,000,000 tokens, out of which 59,499,999,580 tokens are currently in circulation. Understanding the tokenomics is crucial for potential investors, as it sheds light on the token's distribution and availability, which can directly impact its value and demand in the market.
Wallet Support
In order to securely store your ASKO tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
Popular Exchanges
To buy, sell, or trade ASKO, you can use various popular exchanges such as ArkenSwap. These platforms offer a seamless experience and allow you to manage your investments in ASKO with ease. Always remember to conduct thorough research before choosing an exchange, as the security and reliability of the platform are crucial for your digitalassets.
