Home / Brand Stories / Keninah Concord VS Binance Coin - Two Crypto Tokens With Solid Used Cases
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It's no mystery that cryptocurrencies have gone a step further in how they function since the decentralization race began.

This article will discuss two decentralized tokens built in the same blockchain and how they have developed more practical uses.

Keninah Concord (KEN) - A Decentralized Donation Model

Keninah Concord (KEN) is the home for the KEN token, while both of them are hosted on the Binance Smart Chain network.

The vision of Keninah Concord is to create a payment system that is trustworthy, transparent, and secure for donors who intend to make donations in the event of world disasters like volcanic eruptions, wars, flooding, mudslides, e.t.c.

The reason why they came up with this idea is two fold. The first is that this platform is interested in humanity. As a way of helping out, they decided to use blockchain technology, Smart Contract functionalities, and decentralization to create a payment system that will assist in alleviating their problems.

The second is that donors are discouraged from donating because of past experiences with some platforms they used to forward their donations. Either it was not fully utilized, or only part of the money was delivered, sometimes speed of delivery.

But with Keninah Concord (KEN), a transparent system carries the donor along and records all the transactions on the blockchain.

KEN, a standard BEP-20 token, plays a crucial role in all these transactions, as all funds forwarded, including cryptocurrencies, will be converted to KEN before it's sent as a relief fund. Once it gets there, it's converted to fiat and is appropriately utilized.

The total supply of KEN tokens will amount to 5 billion. It will be shared among 9 sections: 5% allocation will go to charity wallet, 5% to private sale, 20% to public sale, 10% to strategic investors, 10% to founders team and members, 10% to marketing, 10% to advisors, 10% to Keninah Concord foundation reserve, and 10% to Keninah Concord pools. 

Users can utilize the BNB token for the purchase of KEN. Buyers get a 14% bonus when they buy KEN with the Binance Coin (BNB). 

The Keninah Concord (KEN) team also rewards community members for referrals. When a user refers to a friend, both the referrer and the referee get a bonus.

For every $100 used to buy the KEN token, the referrer and referee get a $30 bonus. Users who buy within 30 minutes of registering also get a 40% bonus disbursed in KEN.

The Rise Of Binance Coin (BNB)

BNB is the native token of Binance, the largest cryptocurrency exchange by market capitalization. It is worth noting that BNB is not a totally decentralized coin, but it can function perfectly fine in a DeFi system.

But aside from that, BNB serves as a means of payment and unlocks other opportunities on the Binance platform like savings, DeFi staking, and Liquidity mining through the BNB vault.

At first, it functioned as an ERC-20 token on the Ethereum (ETH) network but was later transferred to the Binance network and renamed BEP-20. 

In its early stages, BNB started at a very low price of 0.50 dollars but rose to 25 dollars 67 days later.

The total supply of BNB is over 161 billion, and all the tokens are presently in circulation, which shows that the Binance platform has mass followership of users and investors alike. Currently, the Binance platform has 28.6 million users, according to the statistics of Binance in 2021.

Keninah Concord (KEN) and Binance Coin (BNB) are great crypto tokens with solid utility. However, in the crypto ecosystem, where decentralization is held in high esteem, users will adore the Keninah Concord ecosystem over the Binance ecosystem. 

Additionally, with the interesting use case of the KEN token, crypto holders and voluntary philanthropists around the globe will fully adopt the token. 

Keninah Concord (KEN)




Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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