Konomi Network ICO

Description

Konomi is a full suite asset management solution for cross-chain crypto assets. Using Substrate as the development framework, the network aims to support more assets in the Polkadot ecosystem. Users could manage their crypto holding positions, trade assets and earn interest through decentralised money market products. Konomi also issues its native network token in order to kick start liquidity and decentralised governance. The vision of Konomi at the beginning of its establishment was to enable financial applications to seamlessly connect to the Polkadot ecosystem, and to provide the users with a complete asset management experience - from liquidity agreements, to the lending market, to the management of ecosystem assets. Polkadots has more application scenarios which are different from Ethereum in terms of governance and parachain auctions due to its better performance. As a result, we believe that Polkadot-based financial applications will also have better playability than Ethereum. Konomi is serving crypto users that are looking into investing, trading and managing assets in an efficient way. It is currently deployed as an independent blockchain using the Substrate framework. At launch, it will support functions in trading, deposits and lending. As the Polkadot parachains are launched and that interchain communication protocols are live, Konomi could support more financial products specific to the Polkadot ecosystem.Role of Token: UTILITY