Is BENQI (QI) a Good Investment?

The BENQI crypto may present a promising investment opportunity, particularly for those with faith in the potential of liquid staking and the overall DeFi market. As more users stake their tokens through the BLS protocol, the $QI value could rise.The subsequent growth in on-chain activity may fuel the demand for QI cryptocurrency, driving an upward trend in the BENQI value. Heightened enthusiasm for DeFi endeavors might further enhance the QI price statistics.An optimistic outlook in the crypto market may also play a role in elevating the $QI price, as a risk-tolerant mindset could stimulate increased purchasing activity within the market. Conversely, a pessimistic or risk-averse sentiment might lead to sell-offs, potentially putting downward pressure on the QI to USD price.

Can BENQI Price Reach $1?

While it is difficult to predict whether BENQI’s QI token will reach $1 in the future, some key fundamentals can offer insights into this. One of the biggest challenges standing in the way is the high total supply of QI tokens, fixed at 7.2 billion. As of April 2023, the circulating supply of QI is just over 3.5 billion. If the QI price touches the critical level of $1, it will take the market cap of BENQI to $3.5 billion, an extraordinarily high and unrealistic valuation. If the developers implement token-burning mechanisms or significantly reduce the supply while other fundamentals support the price, we may see the BENQI token price touch the $1 mark. It is important to note that the cryptocurrency market is highly volatile and subject to various factors, such as supply and demand, market sentiment, and technological developments. Therefore, any BENQI price prediction should be taken cautiously and not considered financial advice.

What Is QI Token Used For?

$QI is the native token of the BENQI ecosystem and has the following use cases: Governance $QI is the governance token of the BENQI protocol. It empowers token holders with voting rights to participate in decisions regarding the project’s future evolution. Collateral BENQI’s users can lock QI to borrow other cryptocurrencies or stablecoins in a process called "QiFi." Users can borrow up to 80% of their QI collateral value, and the market’s interest rate is determined by supply and demand. Liquidity Provisioning As a liquidity provision mechanism, users can stake $QI in liquidity pools to provide liquidity to the BENQI ecosystem and earn rewards in return. The amount of QI staked, and the duration of the stake determines the number of rewards earned. Crypto Asset to Trade and HODL Trade BENQI crypto against other digital assets on the KuCoin Spot Market to profit from changing market conditions and volatility. You can buy or sell QI against other crypto assets or hold it long-term if you believe in the future potential of the BENQI protocol. Remember, however, that digital assets experience high market risks and volatility. It’s best to DYOR before entering new trades in the crypto market to limit your risk exposure.

Which Assets Does BENQI Liquid Staking Support?

BENQI Liquid Staking (BLS) supports staked AVAX, which is tokenized and can be freely used within Decentralized Finance (DeFi) applications such as Automated Market Makers (AMMs), Lending & Borrowing Protocols, and Yield Aggregators. BLS lets users stake AVAX on the Avalanche C-Chain and tokenize the stake to receive sAVAX. The sAVAX tokens can be freely used, swapped, or collateralized as a yield-bearing asset within supported DeFi applications. Meanwhile, BENQI’s liquidity market BLM supports several other digital assets, including BUSD, BTC, WETH, LINK, USDT, USDC, DAI, QI, and WBTC.

Who Are BENQI’s Investors?

BENQI Finance is funded by several renowned investors from the crypto industry, including Dragonfly Capital, Ava Labs, Morningstar Ventures, Genblock Capital, Ascensive Assets, GBV Capital, and Mechanism Capital.

How to Buy BENQI (QI)

Price of BENQI (24h)$0.0147724792558925

0.96%

Real-Time QI Rate Converter

Interested in buying BENQI (QI) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy BENQI (QI) instantly wherever you are! Check out all the ways you can buy QI on KuCoin.

Buy BENQI (QI) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy BENQI (QI)

Use a variety of payment options to buy BENQI on KuCoin. We'll show you how.

Choose How You Want to Buy BENQI on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying BENQI (QI).

Buy BENQI (QI) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy BENQI (QI). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired BENQI (QI) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for BENQI (QI).

Tip: KuCoin offers a variety of order types to buy BENQI (QI) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available BENQI (QI) in your Trading Account.

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How to Store BENQI (QI)

The best way to store BENQI (QI) varies based on your needs and preferences. Review the pros and cons to find the best method of storing BENQI (QI).

Store BENQI in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your BENQI in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your BENQI (QI) to a non-custodial wallet. Storing BENQI (QI) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your BENQI (QI) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your BENQI (QI).

What Can You Do with BENQI (QI) on KuCoin?

Hold

Store your BENQI (QI) in your KuCoin account.

Trade

Trade BENQI (QI) in the spot and futures markets.

Earn

Earn passive income by staking or lending BENQI (QI).

Why Is KuCoin the Best Platform to Buy BENQI (QI)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy BENQI and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying BENQI (QI) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain QI in an instant when you buy on KuCoin.

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FAQ

How can I sell Euler (EUL)?

Selling Euler (EUL) on the KuCoin Spot Market is fast and easy. To sell your Euler (EUL) on KuCoin, you can simply use the KuCoin Spot Market, which has even lower fees and no slippage. Both market orders and limit orders are available on the KuCoin Spot Market, so that you can sell your Euler (EUL) at your preferred price.

Where can I buy Euler (EUL)?

Buying Euler (EUL) on the KuCoin Spot Market is fast and easy. To buy crypto on KuCoin, you can transfer assets to your KuCoin account, then trade those assets for EUL. Alternatively, you can buy USDT using KuCoin Fast Trade, then trade your USDT for Euler (EUL) on the Spot Market. Refer to the guides on "How to Buy Euler (EUL)" to learn more.

How do I use a credit card to buy Euler (EUL)?

You can buy Euler (EUL) with a credit card on KuCoin in just a few simple steps. Simply go to the KuCoin Fast Trade page, select Euler (EUL), and use your credit or debit card to pay. Be sure to complete Identity Verification prior so that you have access to all KuCoin features and services.

How do I use PayPal to buy Euler (EUL)?

When purchasing Euler(EUL), KuCoin does not currently accept PayPal. Instead, you can purchase Euler(EUL) via PayPal on another trusted and secure platform, or transfer your funds to KuCoin to purchase Euler(EUL) on the KuCoin Spot Market. Alternatively, KuCoin does support purchasing Euler(EUL) using a wide range of other payment methods. Simply visit the Fast Trade channel to learn more.

How much does it cost to buy Euler (EUL)?

The live price of Euler (EUL) is $3.681, meaning you can buy 0.271 EUL with $1. Use KuCoin's Euler live price chart to find the best time to buy EUL.

Should I buy Euler (EUL)?

Euler currently ranks #-- in market capitalization among all cryptocurrencies. In the past 24 hours, the price of EUL has increased by 5.74%. Before trading Euler (EUL), please be sure to perform both fundamental and technical analysis, and evaluate your level of risk tolerance.

Is Euler (EUL) a good investment?

Euler (EUL) has a market capitalization of $57,605,278.52 and is ranked #-- on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Euler (EUL) price trends and patterns to find the best time to purchase EUL.

BENQI (QI) Price Analysis

Live Price

The live price of QI is 0.015335 USD, representing an increase of 10.21% in the past 7 days and 0.96% increase in the past 24 hours.

Historical Trends

The all-time high of QI was 0.408054 USD on 08-23, 2021, from which the coin is now down -96.24%.
The all-time low of QI was 0.00492 USD, from which the coin is now up 67.91%.

ATL0.004920445483507836

ATH$ 0.408054

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Disclaimer

Given the nature of the crypto market, the price of BENQI (QI) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.