BENQI (QI)

What’s BENQI?

BENQI is a decentralized non-custodial liquidity market protocol built on the high-speed Avalanche smart contract network. The protocol allows users to lend, borrow, or earn interest using their digital assets.

BENQI Unique Features

• Send and receive interest:  Users deposit tokens into the BenQi platform and then receive interest.
• Get a loan

Before borrowing, users are required to deposit any property as collateral.

Then, go to the “Borrow” section and click “Borrow” to borrow the property.

Set the desired amount to be borrowed based on the user’s available deposit to be used as collateral for the loan.

Choose a “stable” or “variable” rate and confirm your transaction. Rates may be changed at a later time.

• Liquidation mechanism:

Liquidation occurs when a borrower’s “Health Factor” falls below 1 because the value of their collateral does not include the correct amount of their loan/loaned value.

This happens when the collateral decreases in value or when the borrowed debt increases in value relative to the collateral.

The ratio of collateral to loan value is shown in the health factor. In a liquidation, up to 50% of a borrower’s debt is repaid, and that value plus a liquidation fee is taken from pre-existing collateral.

• Administration:

The protocol will begin with centralized governance from the founding team, with the final decentralization of the protocol to be officially reconciled during implementation.

QI tokens will be required to first put forward, then vote on proposals (BenQi Improvement Proposals) that will affect the key [economic, security and development] parameters of the protocol:

Interest model. The addition of assets meets the risk requirements of the protocol.

The collateral and liquidation parameters.

Change the liquidity program and adjust incentives based on market conditions. Improve Smart Contract or governance process

Roadmap

Updating…

BENQI Token Economy

Detailed Token Metrics

Updating…

Token Distribution

Liquidity Mining Program: 45%

• BenQi will largely distribute tokens via Liqudity Mining and will distribute within 260 weeks, liquidity mining will be made available to loan pools, lending pools and liquidity providers.
• Liquidity Providers (LPs) will receive total QI tokens to incentivize liquidity providers of the QI-AVAX pool in Pangolin (https://app.pangolin.exchange/).

Team: 10%

• 10% of QI tokens distributed to the team will be fully unlocked over four years, with quarterly unlocks. The first unlock takes place 12 months from the time of public listing.

Treasury: 15%

• 15% of QI tokens are reserved for the budget, which can be used to incentivize partnerships and ensure protocol stability. BenQi’s Budget runs quarterly for 4 years with the first unlock occurring 9 months after the public listing.

Exchange Liquidity: 5%

• 5% of QI tokens are dedicated to providing exchange liquidity both on DEXs like Pangolin and for final CEX listings. 50% unlock on TGE and rest unlock one month after public listing.

Token Sale : 25%

Update information about Public Sale of BenQi (QI Token)

Public A

• Number of Tokens distributed : 439.200.000 QI
• % of total supply : 6.10%
• Selling price per token : 0.0075 USDT/QI
• Unlock schedule : 20% for listing and distribution remaining in 12 months.

Public B

• Number of Tokens distributed : 64,800,000 QI
• % of total supply : 0.90%
• Selling price per token : $0.0090USDT/QI
• Unlock schedule : 100% when listing.

Token Release Schedule

Updating…

Partners & Advisors

Updating…

Team Members

JD Gagnon  – Co-Founder of Rome Blockchain Labs, Inc who is responsible for building the Velox CSO algorithmic trading platform of Etheralabs, Inc. Founder and CEO of Scotch & Ramen Media, Inc.

• Hannu Kuusi

Co-Founder of Rome Blockchain Labs, Inc

Building Institutional Infrastructure for FinTech & Military Applications in 20 Years

Hannu has been involved in crypto since the early days of BTC and was one of the first to get into Crypto mining.

• Alexander Szul

Co-founder of Rome Blockchain Labs, Inc., develops Velox and manages the development of the liquidity marketplace platform BenQi

Expert in complex blockchain efficient and scalable structures

Spent most of her career in sales engineering consulting and process development

Investors

Dragonfly Capital, Mechanism Capital, Morningstar Ventures, Rarestone Capital, Genblock Capital, GBV Capital, Ascensive Assets, Arrington XRP Capital, Woodstock Fund, Spartan Group, STL Digital Strategies Asset, TRGC Digital, Ava Capital.