BitKan (KAN) is a popular cryptocurrency exchange with a wide user base of over 5,000,000 individuals spanning across 170 countries. As an Ethereum-based token, KAN serves as the utility token within the BitKan ecosystem. This versatile token enables seamless transactions within the platform.
What is BitKan
BitKan is a cryptocurrency platform that provides a diverse array of products and services to cryptocurrency traders. Their mobile app is specifically designed to cater to cryptocurrency traders, providing them with a feature-rich platform.
Another key feature offered by BitKan is the ability to engage in over-the-counter trading. This service enables users to conduct peer-to-peer (P2P) transactions, granting them flexibility and control over their trades.
BitKan goes beyond trading services by providing valuable market analysis and research reports. These resources help users stay informed about the latest trends and developments within the digital asset landscape.
The BitKan team
BitKan was founded in November 2012 by four individuals: Yu Fang, Liu Yang (Sandy), Lang Yu (Logan), and Yang Yang (Alex). Yu Fang, the CEO, brings extensive experience in the cryptocurrency industry, while Liu Yang, the COO, contributes expertise in operations and business development. Lang Yu, the CTO, spearheads technical aspects, including software development and infrastructure, and Yang Yang, the CPO, oversees product development and user experience.
How does BitKan work
What sets BitKan apart is its ability to aggregate liquidity from multiple exchanges, distinguishing it from other platforms that rely solely on their own liquidity. BitKan's expertise and extensive experience in the cryptocurrency space have led to strategic partnerships with high-profile investors and exchanges, including Binance. Over the years, these collaborations have resulted in the development of one of the pioneering aggregated exchanges. This innovation allows BitKan to deliver liquidity across multiple exchanges directly to users through a single app.
By aggregating liquidity, BitKan provides users with enhanced trading opportunities and a seamless experience. Rather than being limited to the liquidity of a single exchange, users can access a wider pool of liquidity from various exchanges, improving trade execution and overall market efficiency.
BitKan’s native token: KAN
KAN is the native ERC-20 utility token of the BitKan platform. Within the BitKan ecosystem, the KAN token serves multiple purposes. These include facilitating payments and serving as rewards and incentives.
KAN tokenomics
KAN has a total supply of 10,000,000,000 tokens. Currently, there are approximately 9,563,628,802 KAN tokens in circulation. The remaining tokens will be released gradually over a 10-year period.
KAN use cases
KAN’s uses include staking, trading, paying fees, voting, and governance. In addition, KAN is also being developed for a variety of other purposes, such as powering decentralized finance (DeFi) applications, as well as purchasing and trading non-fungible tokens (NFTs).
KAN distribution
KAN tokens are allocated as follows:
- 45 percent was allocated for institutional buyers.
- 35 percent was reserved for the project’s operating costs.
- 20 percent was designated for the team. 5 percent of the team tokens were released at the start, while the remaining 15 percent will be released gradually over the course of three years, at a rate of 5 percent per year.
What does the future hold for BitKan
BitKan is currently navigating a landscape of increased competition from other exchanges and facing regulatory scrutiny in certain jurisdictions. Despite these challenges, the platform boasts several strengths that position it favorably for future growth. Notably, BitKan benefits from a team of experienced professionals and strong support from reputable investors. Additionally, the platform has successfully expanded its network, reaching users in over 170 countries. These factors contribute to BitKan's promising prospects for continued expansion and development in the times ahead.
