Kangal Token: A DAO Building the Ultimate dApps Ecosystem

Kangal Token will integrate all of these essential aspects of the current cryptocurrency wave, DAO, DeFi, and yield farming to create the ultimate multi-chain dAppStore.

By
Wilfred Victor
on
May 20, 2021
Category:
Sponsored

What is Kangal?

Kangal is the Decentralized Autonomous Organization (DAO) building the ultimate App ecosystem. The project will integrate the DeFi and Dapp system utilizing the DAO settings, where holders of the DAO tokens are privileged to make core platform decisions. The platform will become the hub on which dApp developers and creators can build/publish their dapp powered by $TEAK tokens.

Kangal Token

Key Features

  • DAO
  • Dapp
  • DeFi
  • Multichain


Project Components

Decentralized Autonomous Organization (DAO):

The core purpose powering the Kangal Token is its DAO ecosystem. In Kangal, the community holders are given the privileges to make platform decisions. The platform is essentially a community-driven multichain platform and will take decisions via its snapshot on both ETH and BSC sides.


Kangal DAO

The DAO will be the governance protocol where proposals are voted on and decided on by the community via its snapshot portal(see all the latest proposals). The token and DAO are 100% community-owned. The team has already used the governance protocol to vote on their utility token name. Overall, this feature grants users protocol voting rights.

Multichain:

The Kangal DAO ecosystem is available on both the Ethereum and Binance Smart Chain (BSC) networks, effectively making it a multichain platform. Kangal Token exposes the DAO platform to the increasing DeFi members of two of the top chains in the DeFi ecosystem.

ETH and BSC holders can take part in the Governance proposal available on the snapshot page HERE.

Decentralized Applications (Dapp):

Kangal aims to be go-to the Dappstore for blockchain developers and creators to publish their works. The platform plans to commence NFT minting, marketplaces, gaming dapps, DeFi tools, Lottery systems, and a lot more planned in the future.

dApp ecosystem powered by $TEAK.

Decentralized Finance (DeFi):

There is the staking side to Kangal, through its Governance token $KANGAL. The supply for $TEAK will be distributed as incentives to Kangal stakers and Kangal LP providers.

Stake $KANGAL for $TEAK when Life

At the time of this review, the stake platform isn’t live yet; information regarding the staking interphase will be communicated via its outlets below.


Project Updates

The platform recently celebrated 7k holders of its token alongside the conclusion of its meme competition. All rewards have been sent out according to this Tweet.

Meme Contest #3

In recent updates, the new website was launched; the platform update including the following notes:

  • New Website and Branding completed
  • 54k KANGAL on-chain transfers
  • 6800+ KANGAL holders on ETH and BSC
  • 3650 community members on Telegram
  • 8000 Followers on Twitter
  • Utility token name vote concluded, $TEAK won
  • Coinsbit bounty distributed
  • Meme contest #3 announced
  • New Turkish Twitter account
  • More progress on utility token and staking contracts
  • Whitepaper in progress

You can find KANGAL tokens in PancakeSwap, Uniswap, Coinsbit, BurgerSwap, and Hotbit exchanges.


Tokenomics

The platform employs a two token system; 

  • KANGAL Token: This is the DAO token of the platform with fixed supply of 100 Billion 100% in circulation. There is 10 years of locked liquidity on unicrypt. 
  • TEAK Tokens only minted through staking KANGAL token or LPs

Contract Proof:


Roadmap

Roadmap

2021 Q2

  • Whitepaper Release
  • Utility Token proposals & deployment
  • $KANGAL & LP staking
  • Kangal ecosystem release with first dApps and NFT drops
  • Official KANGAL merchandise

2021 Q3

  • dApp Ecosystem Expansion: Lottery and Games
  • dApp Ecosystem Expansion: NFT minting
  • dApp Ecosystem Expansion: NFT marketplace
  • Higher-tier exchange listing
  • Turning the dApp ecosystem into a dAppStore
  • Marketing agreements for wider audiences
  • On-chain governance
  • Kangal is a community-owned DAO, so feel free to speak up! You will be enabled to create more roadmap items via forum discussions & proposals.

Kangal and its LP staking are already planned. Together with the launch of its dapp ecosystem and expansions the platform aims to continue exponential growth. A higher tier exchange listing is also expected to follow. 

Onchain governance, in addition to its snapshot protocol, will come in Q3. Since it’s a community project, DAO participants will have the opportunity to vote for more utility to the platform.


In Conclusion 

Kangal Token aims to be a community-driven protocol that will become the hub of dapps allowing dapp developers to share their creations. When all of these utilities get added to the platform, they will drive more value to its dual token; KANGAL and $TEAK tokens.


Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Users who wish to learn more about Kangal Tokens should check out the following resources and media pages:

Website

Twitter 

Telegram

Medium

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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

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