Himegami Protocol - A total solution of market manipulation and growing the economy of the world with a new concept.

Introduction

Over the past years, innovation in the blockchain industry and AI technology have been incredible and?unique as it utilizes various fields and has gained a lot of interest from both individuals and organizations. But Sadly, most of the blockchain-adapted platforms follow a protocol of either being just Centralized or unscalable, for example, bitcoin utilizes a consensus system that is community-based but lacks efficiency. Due to this and more,?Himegami Protocol's personnel did their research and developed it in order to solve this occurring issue that most blockchain mediums have today.

What is Himegami Protocol -?KAGRA?(KGR)?

Himegami Protocol ($ KGR) is the Japanese first decentralized protocol managing algorithmic stable tokens. KGR is a completely fair cryptocurrency, solves market manipulation and grows the economy of the world with a new concept. KAGRA (KGR) adjusts its supply in order to move the price of the token in the direction of the price of the Japanese yen (￥).

An elastic supply characteristic and programmatic rebasing protocol will further incentivize participants to drive the price of KGR to its target (peg) price as well as keep the value unaffected by the inflation of the Japanese Yen (￥). This will allow to creation a synthetic commodity of a new generation - the first digital asset that is both?stable?and?profitable.

Stablecoins offer the best of both worlds – a decentralized, anonymous, and global payment mechanism like a cryptocurrency, and steady valuations like a stable fiat currency. While stable coins continue to gain popularity, the increasing number of new launches and the variety of customized collateral methods to achieve the objective of price stability may lead to different outcomes and varying levels of success.

Ecosystem of Himegami Protocol

• Shinobi Wallet

Shinobi Wallet is a wallet + DeFI aggregator application from Japan. It provides users with one-stop assets management service. Shinobi Wallet has a mechanism to issue unique tokens, users can receive profits by using this wallet. Aim to develop the best UX by gathering all transaction functions which indicate different needs of users in DeFI projects such as Uniswap, Compound. Along with becoming a minor and international incomprehensive DeFi gateway, security is carefully considered. It is the first wallet in Asia that keeps users completely anonymous by account mixing. The cost of transactions is low, so it is easy for anyone to use.

• Rebase system

The Himegami rebase system is implemented every 1385 minutes to rebase the supply. The rebase function is a new concept to the crypto market and is basically associated to supply smoothening for decentralized elastic supply tokens like KGR. The rebase mechanism ensures that the percentage holding for users remains the same. Himegami protocol aims to be a hedge asset for all of the crypto world as well as to the emerging sector of Decentralized Finance.

The Himegami protocol consists of 5 tokens and one bank

1) KGR

KGR is a dynamic and completely decentralized elastic supply protocol that aims to cater to the liquidity needs of the broader crypto market, and more importantly, to solve the issues of market manipulation. KGR is a useful crypto token and a collateral asset for Decentralized Finance (DeFi). Its unique qualities like decentralized, profitable, self-governing, and more stable asset, make it important to DeFi.

The?KGR cryptocurrency achieves a better balance of supply and demand as it correlates a synthetic asset’s price perfectly with the price of its underlying asset. The KGR token is basically an elastic cryptocurrency with its target price at 1 Japanese Yen adjusted for inflation. Since the KGR tokens expand and contract based on the demand and supply, the rebase mechanism ensures that the percentage holding for users remains the same.

The stability of KGR can help DeFi investors to reduce their dependency on some of the centralized stable coins. It can work as a hedge asset, a DeFi collateral, and a stable medium of exchange for the entire crypto space.

2) UKH

It is a stock token in Shinobi Wallet.?sUKH?and?bUKH?are 2 types of UKH.

sUKH - "S" stands for stock and sUKH functions as a stock. The maximum supply of sUKH is 250 million tokens. A major feature is that 70% of Shinobi Wallet’s sales is distributed. It is also a special benefit of sUKH owners to have the right to vote for decisions on partnership projects, development teams, In addition, there are other services such as: granting iznm tokens by staking, discounting commissions at the time of exchange depending on the amount of UKH held.

bUKH - "B"?stands for bonds and bUKH functions as corporate bonds. The maximum number of issued sheets is 500,000,000 including sUKH. bUKH’ dividend is different from sUKH. Specifically, when you own more than 100 bUKH, 3% of the monthly interest will be distributed at KGR. You also can acquire the right to advertise in the wallet and become an advisor of predicting the market.

3) OMK

The governance token OMK is a basic ERC20 token that is used to encourage those who contribute to the Himegami project. There will be KGR token holders and liquidity providers. KGR token holders and liquidity providers will receive OMK tokens as an incentive via airdrop that is run once every 30 rebase cycles. The full amount will be distributed by airdrop to the initial KGR participants

4) Yamato Bank

Yamato Bank aims to be the clearest central bank in the world. Its role is to ease and tighten the market distribution volume of KGR. The control at this time is automatic adjustment by a smart contract, and there is no chance that it can be managed by operation. one of the objectives is to grow into a platform that can comprehensively accept the various needs of DeFi, which stands in the future, only by Yamato Bank. Yamato Bank provides the following services centered on KGR.

• ?Lending platform
• ?KGR-based exchanges and funds
• ?Providing staking service
• ?Launch of mutual aid

Roadmap

Tokonomics

Team

Conclusion

In my opinion,?Himegami protocol?is something new in the crypto world. I must say that we should join this revolutionary project with various features and solutions provided by this project. This is a user-friendly platform that increases profitability and is easy to use even for non-technical users. So it is hoped that there will be more people who can feel the benefits of crypto.

For More Information:

Website:?https://himegamiprotocol.org/

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

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

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

Proof of Author

Forum Username:?mdashik46

Forum Profile Link:? https://bitcointalk.org/index.php?action=profile;u=2873140

Telegram Username:?@mashik250

bUKH address :?0x6a946cfBdE687B7455354F3795c0b7932be0C557

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