Kanga Liquidity USDT Proof-of-Stake mechanism allows users to deposit USDT tokens to a dedicated PoS account and participate in the daily distribution of rewards.
Rewards are paid out in USDT tokens. Reward amount varies depending on a number of factors, key among them being the sum total of all PoS deposits and the return earned from using the deposited funds over the previous 24 hour period.
The funds are used as a liquidity pool for key Kanga Exchange services, as well as for decentralized cryptocurrency exchanges where the KNG token is or will be listed. In the case of Kanga Exchange services, the funds are used primarily to secure liquidity for high-volume over-the-counter transactions carried out in affiliate brick-and-mortar locations. In the case of decentralized cryptocurrency exchanges, Kanga supports the liquidity of key value pairs, such as KNG/USDT and KNG/ETH. Profits from both sources are shared with all Kanga Liquidity USDT Proof-of-Stake participants.
Tokens deposited to the PoS account are frozen for 1 day (counting from the beginning of the next staking period). Tokens withdrawn from the PoS account are frozen for 18 days (also counting from the beginning of the next staking period). Reward payouts are processed instantly.