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Kuma provides its community with utility tokens that offer a range of benefits in the cryptocurrency ecosystem. These benefits include a decentralized exchange (DEX), governance rights, farming, and vaults. These features are designed to benefit all members of the community.
The utility and governance token of the KumaDex platform, called dKUMA, is designed with a deflationary economic model. 50% of the trading fees on the platform will be used for token buyback and burn, which helps offset token emission from rewards and increases the scarcity of dKUMA.
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What is Kuma Inu and KumaDex?
Kuma Inu is a community-focused project that revolves around $KUMA and $dKUMA. An important component of the Kuma Inu ecosystem is KumaDex, a decentralized, vAMM-based perpetual contract trading protocol for leverage traders with infinite on-chain liquidity. Unlike traditional AMMs, users can trade perpetual futures contracts utilizing the Constant Product Market Maker formula with up to 25x long or short leverage. A funding rate mechanism is in place to ensure the vAMM market asset price converges with the underlying asset index price.
$dKUMA is the primary ERC-20 utility token of KumaDex. It is a deflationary token used for governance purposes.
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- Can you tell me the current price of dkuma in the cryptocurrency market? I'm interested in knowing the latest value of dkuma and how it is performing in the market. It would be great if you could provide some insights into its price movement and any factors that might be influencing it.2021-11-25
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