How Does KODA Token Work
What Is Summit Koda Token (KODA)?
Summit Koda Token (KODA) represents a modern cryptocurrency crafted by the Summit BC development team. The central aim of the team with the KODA token is to establish it as a transactive currency, providing users with the capability to exchange KODA for goods and services as an alternative form of currency.
Who is the Founder of Koda Token (KODA):
Launched in 2021, the KODA token is spearheaded by James Gale, who serves as the CEO and founder of Summit.
What are the Uses and Functions of KODA Tokens:
Users are incentivized with passive rewards for holding the token, and additional rewards can be earned through the staking of KODA. The team, as outlined in the whitepaper, places key emphasis on building trust within the community, educating individuals about cryptocurrency, and ensuring the user-friendly nature of the token. Recognizing the potential complexity of cryptocurrency trading, Summit BC strives to offer a positive and straightforward experience through their cross-chain trading platform, SummitSwap, ultimately aiming to simplify the understanding of cryptocurrencies through the KODA token.
What are the Working Principles of KODA Token:
A distinctive feature of the KODA token is its automatic liquidity functionality, designed to generate wealth by locking liquidity in every KODA transaction. The token incorporates reflective static rewards, where ownership and retention of KODA result in rewards through static reflection, leading to an increase in the KODA balance with each transaction.
How Protected and Secured is KODA:
Security is a paramount focus for the KODA token, with all KODA projects undergoing professional audits. Additionally, any project developments are subject to approval by reputable audited firms, fostering reliability and security for the community members. A significant portion of the initial supply of KODA tokens has undergone a burning process, reducing the tokens in circulation to dynamically adjust the cryptocurrency’s value over time.
Where Can I Trade KODA:
The top cryptocurrency exchange for trading in Koda Cryptocurrency stock is currently the PancakeSwap v2 (BSC) and Binance.
