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What is BENQI (QI)?

BENQI basic info

Name:BENQI

Ticker:

QIBuy now

Introduction:

What is BENQI (QI)?

BENQI is a new decentralized liquidity market and liquid staking protocol that operates on the Avalanche smart contract network. It allows users to lend, borrow, and potentially earn market yields using their digital assets. BENQI also aims to enhance capital efficiency by enabling users to unlock their staked AVAX for use on decentralized financial protocols. The protocol was developed by Rome Blockchain Labs Inc., a software development firm with a focus on decentralized finance (DeFi). BENQI was launched in 2021 and is a promising alternative to Ethereum that is potentially less expensive and faster.

How does BENQI Work?

BENQI is a platform that allows users to lend and borrow digital assets, potentially earning market yields. It also provides a solution for capital efficiency by enabling users to unlock their staked AVAX for use on decentralized financial protocols. Developers can create financial products using the protocol and governance tokens. BENQI aims to offer an alternative to Ethereum users that is potentially less expensive and faster, with the goal of easing the overloading of the Ethereum network. Additionally, BENQI's governance mechanism allows QI token holders to participate in the project's development, initiate proposals, and vote on issues.

What makes BENQI (QI) Unique?

BENQI is a DeFi Lending project on the Avalanche platform that offers users an easy and affordable way to access decentralized financial services. It allows users to move and place their unused assets on BENQI with no hurdles and low network fees. BENQI also provides developers with the option to create financial products using the protocol and governance tokens. Additionally, BENQI aims to ease the overloading of the Ethereum network by providing Ethereum users with a less expensive and faster alternative. Users can withdraw liquidity from the shared liquidity market, borrow from the liquidity market, and get a clear view of interest rates.

Current price:

$0.01614More price details

All-time high:$0.4081

All-time low:$0.00

QI supply and tokenomics

Circulating supply:5,125,274,000 QI

Total supply:7,200,000,000 QI

Max supply:7,200,000,000 QI

Market cap:$82.71M

Fully diluted market cap:$116.19M

Links

Website:https://benqi.fi/

Whitepaper:https://docs.benqi.fi/

X:https://twitter.com/BenqiFinance

GitHub:https://github.com/Benqi-fi

Buy BENQI for $1Buy QI now

What is the development prospect and future value of QI?

The market value of QI currently stands at $82.71M, and its market ranking is #511. The value of QI is not widely recognized by the market. When the bull market comes, the market value of QI may have great growth potential.

As a new type of currency with innovative technology and unique use cases, QI has broad market potential and significant room for development. The distinctiveness and appeal of QI may attract the interest of specific groups, thereby driving up its market value.

What will the price of QI be in 2025?

Based on QI's historical price performance prediction model, the price of QI is projected to reach $0.01909 in 2025.

What will the price of QI be in 2030?

In 2030, the QI price is expected to change by +3.00%. By the end of 2030, the QI price is projected to reach $0.02721, with a cumulative ROI of +54.87%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of QI and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

QI price QI price prediction QI news

Is QI worth investing or holding? How to buy QI from a crypto exchange?

If you want to buy QI, the following information may be helpful for your investment decisions:

In the last 7 days, the price of QI has fallen by -6.42%, leading to negative returns for most QI investors. The market is currently pessimistic about the price trend of QI.

It is important to note that the current price of QI has retreated by -96.05% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether QI is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in QI or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of QI, if you want to buy or sell QI, you can consider Bitget for your trading needs. The best place to buy QI is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in BENQI has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy BENQI. Here's a step-by-step guide on how to buy BENQI on Bitget.

Buy QI now Coin buying guide

How to get BENQI through other methods？

Using cash to buy BENQI is not the only way to obtain BENQI. If you have the time to spare, you can get BENQI for free.

Learn how to earn BENQI for free through the Learn2Earn promotion.

Earn free BENQI by inviting friends to join Bitget's Assist2Earn promotion.

Receive free BENQI airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to BENQI through Bitget Convert, Bitget Swap, or spot trading.

What is BENQI used for and how to use BENQI?

The use case of BENQI may expand as the crypto market and the project itself develop. Currently, you can use QI to achieve the following goals:

Arbitrage by trading QI: Since QI is a frequently traded cryptocurrency, the price of QI is always fluctuating. Earn more QI by buying low and selling high on the exchange. Bitget spot market provides a variety of QI trading pairs to fully meet your needs.

Earn by staking QI: You can also generate income through financial management methods such as staking QI or lending QI. Bitget Earn offers a variety of financial products designed to help you earn more income from your QI.

Send or pay QI: If you want to give QI to your friends, a charity, or a fundraiser, or you want to pay someone with QI, you can quickly and easily send QI to the recipient through their payment address.

You can also go to the official website of the BENQI project to learn more about the use cases of QI. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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