What is the Kalata token and how it works?
Kalata Protocol is a DeFi platform that is supported by a peer-to-pool engine where you can trade any asset online. From stocks to derivatives to commodities, everything can be traded.
The system reads in commodities asset prices, stocks via a decentralised price, collateral. Issuers hold collateral as collateral, and when the asset value increases beyond the collateral threshold, they liquidate the collateral to ensure the solvency of the system.
The advantage of Kalata is that it offers a cross margin on all assets. This is made possible with the utilisation of the peer-pool engine, regardless of altcoins, BTC, ETH, fiat, or gold. Kalata also has support for state-of-the-art margining, maximising capital efficiency.
On Kalata, every trade is executed against real-time price with zero slippage. It is guaranteed by an over-collateralized liquidity pool.
Kala happens to be the official token of the Kalata platform. Anyone holding Kala tokens can use it to make payments in the Kalata ecosystem. For this, users can also get rewarded with extra tokens.
Kala tokens can be used to pay the transaction fees for synthetic assets in the Kalata exchange. Just so you know Kalata is also the governance token of the platform, which means anyone can initiate a proposal by paying Kala tokens. Users who pledge Kala are allowed to join in governance.
Due to the monetary inflation strategy, holding Kalata can get you additional Kala tokens.
Kalata Token Details
As we speak, the price of Kalata Protocol is $0.285123 with a 24-hour trading volume of $329,271. The price of Kalata has gone down by -11.2% in the last 24 hours. It has a circulating supply of 0 Kala coins, while the total supply is 120 million.
If you are planning to buy Kala tokens, then PancakeSwap is currently the most active exchange.
How to buy a Kalata coin?
To buy Kalata coins, you need to first buy one of the major cryptocurrencies such as Bitcoin (BTC), Tether (USDT), Binance (BNB), or Ethereum (ETH).
To explain the steps, we are going to use Binance Exchange here. You probably already know that it is one of the leading cryptocurrency exchanges out there. It was established in China, but currently, they have their headquarters in Malta. The exchange is popular because of its top-notch crypto exchange services. So if you are planning to Kalata coins, Binance exchange could be a good choice.
Find a cryptocurrency exchange
Once you register yourself on the Binance exchange, you need to complete the KYC process.
Add a payment method
After that, you will be asked to add a payment method. In this case, you can either link your bank account or add your debit/credit card. We would recommend you to add a bank account as it will cost you fewer charges. The fees on credit/debit card transactions are usually high.
After you add a preferred payment method, you are required to buy one of the major cryptocurrencies such as BTC, ETH, BNB, or USDT. You can choose from any of these cryptocurrencies. The final choice is yours.
Transfer your cryptos to an altcoin exchange
The next step is to transfer cryptos to an altcoin exchange. This is because Kala is an altcoin and therefore, you need to transfer your coins to an exchange where you can easily trade Kala. The good thing is there is plenty of altcoins exchange that offers to trade Kala, so it shouldn’t be a problem finding one.
Register yourself on the altcoin exchange
Once you pick an altcoin exchange of your choice, you need to register yourself on the site and create an account.
Deposit into your altcoin exchange account
After you are done, you will have to deposit in the form of cryptocurrencies that you bought earlier.
Now you will have to wait patiently for the deposit to get confirmed. Once that is done, you are all set to buy Kala from the exchange.
By following these steps, you can easily buy Kala coins. Agreed, the steps to buying Kala coins are a long one, but once you make it, it’s worth it.