Bibox DeFi Innovation Board will list Kai Inu (KAIINU) on 6/7/2021.
In order to facilitate user transactions, KAIINU deposited to Bibox will be automatically converted into mKAIINU (1mKAIINU = 1,000,000KAIINU).The platform will convert it into actual quantity according to this algorithm when withdrawing.
【Bibox's instructions on KAIINU contract mechanism processing】
According to KAIINU's contract mechanism, users need to pay a 7% fee to the token contract every time they transfer money on the chain.Therefore, Bibox has the following rules for KAIINU deposit/withdrawal processing:
Deposit：Bibox deposit requires payment of 7% of the token contract fee.That is, the user successfully deposit to Bibox, the actual amount received = transfer amount-contract fee.
Withdrawal：According to KAIINU’s contract mechanism, Bibox charges a 7% Bibox collection fee for each withdrawal; The actual remitted amount of withdrawal = user's KAIINU withdrawal amount-Bibox collection fee-token contract mechanism fee.
*BSC transfer fees will be normally deducted from the actual token withdrawal amount.
For details of the token contract mechanism, please contact KAIINU official.
I. Listing Time
6/3/2021 18:00 (UTC+8), deposit and withdrawal functions will be enabled.
6/7/2021 16:00 (UTC+8), mKAIINU/USDT trading pair and Grid Trading will be enabled.
II. Token Information
Kai Inu is a deflationary token running on the BSC network joining the ranks of the master pups. All transactions are taxed 7%.
Please be aware that crypto market price is volatile upon listing. Please trade cautiously after evaluating the market carefully.
III. Related Links
White Paper: Click for Detail
Block Explorer(BSC): Click for Detail
Fees: Click for Detail
Cryptocurrency investments are risky. Please make investments wisely according to your own risk tolerance.
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