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Bonq

Bonq BNQ Price N/A

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DeFi

BNQ Price

N/A

General Info

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Tags (Sub-Categories):

#Inactive

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Description

Bonq is a non-custodial, decentralized and over-collateralized lending platform

Bonq (BNQ) Chart

Bonq price Index provides the latest BNQ price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

Max Supply

BNQ 1,000,000,000

Total Supply

BNQ 30,000,000

Listing Date

12 Jan 2023

All Time High

$ 0.0398

29 Jan 2023


All Time Low

$ 0.000126

31 May 2023

What is Bonq (BNQ)?

Bonq is a non-custodial, decentralized and over-collateralized lending platform that solves four critical problems for projects and protocols that have a token: 

  • Allows them to borrow against their own tokens at zero interest rate 
  • Creates deep liquidity solution without the need to incentivize or pay the other side of the liquidity pool 
  • Offers sustainable yields to their community members holding tokens in a safe and secure environment 
  • Allows Treasuries to de-risk and create a smart capital allocation.

Users can access the liquidity of their own digital assets by locking them up in a trove, which is a smart contract controlled only by the users, and mint a low volatility payment coin BEUR, pegged to the Euro.

BNQ utility token is used to monetize the value of Bonq’s ecosystem of partners, business clients and end-users. The value that comes from the Bonq platform is returned to the BNQ token holders. The utility of the BNQ token includes:

  • Free or discounted usage of the platform and value added services
  • For crypto projects, the ability to whitelist a token as collateral
  • Participate in governance 
  • Ability to automatically repay BEUR debt with cashbacks.

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