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Kitty Finance

Kitty Finance KITTYPrice N/A

KITTY Price

N/A

General Info

Contracts/Explorers:

Avalanche C-Chain

Tags (Sub-Categories):

# Inactive

Description

Kitty Finance is an algorithmic stablecoin on Avalanche, pegged to the price of 1 AVAX via seigniorage

Kitty Finance (KITTY) Chart

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

Additional Data

Max Supply

KITTY 145.00

Total Supply

KITTY 145.00

All Time High

$ 13,359

14 Dec 2021


All Time Low

$ 0.00...225

10 Dec 2023

Trending Kitty Finance Fiat Pairs

What is Kitty Finance (KITTY)?

Kitty Finance is an algorithmic stablecoin on Avalanche, pegged to the price of 1 AVAX via seigniorage. The KITTY algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the AVAX network.

The protocol's underlying mechanism dynamically adjusts KITTY's supply, pushing its price up or down relative to the price of AVAX. Unlike previous algorithmic tokens, KITTY is not pegged to a stable coin— it is instead pegged to $AVAX. Because of AVAX high per coin price, we have decided to peg KITTY to AVAX at a 1:1 ratio. In other words, 1 KITTY should equal 1 AVAX for our PEG to be maintained.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long run, the KITTY team will maintain a focus on innovation around enhanced functionality and use cases.

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