New DeFi Project NEW KANGEN (NEWG) Presale Will Start on 2nd October 2020 – Press release Bitcoin News


New DeFi Project NEW KANGEN (NEWG) Presale Will Start on 2nd October 2020

As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform.

New Kangen

New kangen announced earlier that they would cooperate with LID Protocol to launch the NEWG presale. The presale will start on October 2, 2020.

Liquidity Dividends Protocol (LID) advances the development of divided bearing Proof of Locked Liquidity tokens. It hence can solve the issue of Uniswap exit scamming.

After the stipulated presale, 60% of ETH will be locked in the Uniswap liquidity permanently. Within 72 hours after the presale, 15% of ETH will buyback and burn NEWG tokens, preventing any form of dump, thus reducing supply and increasing the demand.

What is New Kangen?

New Kangen is a DeFi platform whose goal is to build an aggregated liquidity pool, automatic market-making, leveraged trading platform, and other functional platforms. It makes use of NEWG, which is an equity token. Users can acquire the NEWG token by providing liquidity to the platform’s aggregate liquidity pool. Withdrawal fees in the New Kangen platform are directly used to buy back and burn NEWG.


Presale links:

Presale steps:

Go to the NEWG presale links, connect the Metamask or other wallet, get your ETH ready, and then click the “deposit” button after the presale starts. If you use mobile, you can search for in a mobile wallet app (such as Trustwallet, token) DAPP browsers and go to the page to connect your wallet.

NEWG Presale details

  1. Total supply: 50,000 NEWG
  2. Token Presale : 40,000 NEWG : 80%
  3. New Kangen Team : 3,000 NEWG : 6%
  4. New Kangen Ecosystem : 3,000 NEWG : 6%
  5. Marketing Purpose : 2,000 NEWG : 4%
  6. Uniswap Locked : 750 NEWG : 1.5%
  7. Justswap Locked : 750 NEWG : 1.5%
  8. Bounty Token: 500 NEWG : 1%

Uniswap Initial Price: 1 NEWG = 70.00 USD

How does this work?

New Kangen is an aggregation platform based on decentralized lending protocols such as Compound, Aave, dYdX, etc.

The goal of New Kangen is simple-the decentralized finance platform that supports multiple DeFi agreements will automatically move positions between arrangements to help depositors get the highest financial income. The benefits of the New Kangen platform are:

  1. Support more currencies.
  2. Allow to use more good pools but perhaps riskier.
  3. Unique liquidity mining rewards.
  4. Dynamically switch lending platforms to obtain the highest yield.




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Tags in this story
Bitcoin, Cryptocurrency, DeFi, ETH, KANGEN, LID Protocol, New Kangen, NEWG, Presale, uniswap

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