H?mеgаm? Protocol

The #Himegamiprotocol originates in Japan, where #bUKH works on the Himegami protocol, which includes tokens like as KGR and is Japan's first decentralized system for managing stable tokens.

As the #cryptocurrency industry evolves, so, too, do crypto initiatives, all of which contribute to the market's growth. So far, we've only looked at cryptocurrency projects that have a fixed supply of their own coins. The key purpose here is to generate a deficit in order to drive up bitcoin prices.

We now feel that the moment has come to establish an elastic reserve of decentralized digital money. #KGR is a dynamic and fully decentralized flexible supply protocol that strives to fulfill the liquidity demands of the larger crypto market while also addressing the issue of market manipulation.

Because it completely links the price of a synthetic asset with the price of its underlying asset, the KGR coin creates a better balance of supply and demand. The KGR token is essentially an elastic cryptocurrency with an inflation-adjusted price goal of 1 Japanese Yen. KGR can be priced higher or lower than 1 Yen, but supply is always adjusted to reach the aim of 1 Japanese Yen (￥). If the price rises over 1 Yen due to significant demand, the Himegami protocol will add more supply, causing selling pressure and rebasing action. To distribute KGR tokens to token holders, the system will be able to issue 100,000 tokens every rebase, which will subsequently be sold on public exchanges using first-come, first-served criteria. Unsold tokens will be burnt on that day. This technique is used in smart contracts.

Every 1385 minutes, Himegami's rebase mechanism is used to rebase an offer. The rebase function is a novel idea in the crypto industry, and it is primarily concerned with the seamless providing of decentralized elastic supply tokens such as KGR.

The rebasing process ensures that the proportion of ownership for users remains constant when the KGR token increases and contracts based on supply and demand.

The Himegami Protocol is envisioned as a hedging asset for all cryptocurrency worlds as well as the expanding Decentralized Finance (DeFi) industry. The KGR's stability can assist DeFi investors in reducing their reliance on several centralized stablecoins. It has the potential to be a hedging asset, DeFi collateral, and a solid means of exchange for the whole crypto sector.

We see KGR as a valuable crypto coin and a valuable asset for Decentralized Finance (DeFi). It is vital to DeFi because of its unique characteristics such as decentralization, profitability, self-regulation, and more stable assets. KGR may have several applications in the future and may be used to supplement other DeFi projects like as Tezos, Polkadot, Cardano, and others.

Furthermore, programmatic reassignment rules are designed to resolve major variations in liquidity and volatility, making them more predictable and advantageous to all players. This enables us to place Himegami not just in the existing crypto environment, but also to develop a variety of novel uses for it in the future private DeFi ecosystem, which few people have considered.

KGR Official Launch December 27 at 9:00 am UST Uniswap KGR trading opens.

The Himegami Protocol project supports the MetaMask wallet and has developed its own wallet, Shinobi Wallet. Shinobi Wallet is a Multichain cryptocurrency wallet that enables transactions with Bitcoin, ERC-20 tokens, BEP-20 tokens, and Matic network tokens. Multichain is now available for mobile devices running the iOS and Android operating systems. And this wallet is already available for download, installation on your phone, and secure usage.

The KGR token is a stable token that is linked to the Japanese yen. One yen is the cost of one KGR token.

The KGR token employs the Rebas mechanism and uses a smart contract application to automatically modify the KGR quantity every 1385 minutes. In contrast to typical centralized projects, Himegami Protocol project administrators are not free to issue tokens at whim, making the KGR token fair and transparent.

If the market price of the KGR token rises or decreases in relation to the yen, the method includes price stabilization at the expense of an extra token - OMK, which creates a specific project for the stability function.

The total quantity of KGR tokens distributed is 70,000,000. The total quantity of OMK tokens distributed is 100,000,000. This token distribution strategy can be found on the Himegami Protocol project's official website.

KGR tokens have a limited initial quantity of 170,000,000. Smart contracts will issue 1% of the total number of tokens for movement beginning January 15. Unrecorded KGR tokens will be burnt, while issued KGR tokens will be exchanged in the mint on daily open sales.

Two other coins were also produced by the Himegami Protocol project. This is a set of sUKH and bUKH tokens. The first token will be used to receive dividends from the wallet, and its owner will be entitled to one vote. The second token is meant to collect profits from tasks performed under a smart contract, as well as other benefits for the owner.

Himegama is made up of five tokens:

Himegami (KGR):

• In this case, 1 KGR is equivalent to 1 yen.
• The main issue is 170 million rupees.
• The original distribution number is Rs 600,000,000.
• Yen Pegging currency to Kagura's token with KGR for stupidity.

Government Token OMK Token:

• The token symbol is OMK.
• The total number of applications is 100,000,000 OMK.
• These are the management tokens of the shareholders of Yamat Bank and Yamat Bank.

Token:

• Token name is UKHI.
• This is the UKH symbol.
• The total number of requests is 500,000,000 BUCH.
• The UKH token allows users to receive profits from the Shinob wallet as dividends.

BUKH Tokens:

• The name of the token is BUKHI.
• He has it as bUKH.
• The maximum number of requests is 500,000,000 UKH.

Yamato Bank, on the other hand, will offer lending, staking, exchange options, and fund creation services based on the KGR token.

ROADMAP

For more information:

website:?https://himegamiprotocol.org/

White Paper:?https://drive.google.com/file/d/1_7HWMxg7txliig-DFtiRiZH-z4KrWD3K/view

Twitter:?https://twitter.com/himegami_pro

Telegram:?https : //t.me/himegamiprotocol

Instagram:?https://www.instagram.com/himegami_official/?utm_medium=copy_link

Wednesday:?https://himegamiprotocol.medium.com/

#bUKH?#himegamiprotocol?#cryptobukh?#KGR?#bUKHbounty?#cryptocurrency?#DeFi?#bounty?#token?#aladdincenter?#shinobiwallet

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UserName : Bountyhunter6

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