Buy Kujira (KUJI)
What is Kujira?
Kujira is a layer 1 blockchain built on the Cosmos network, aiming to provide a diverse array of decentralised finance (DeFi) infrastructure and sustainable financial technology. It serves as a platform for sustainable FinTech solutions tailored for web3 protocols, builders, and users.
How does Kujira work?
Kujira leverages the Cosmos network, utilizing the Cosmos SDK and Tendermint BFT for consensus. As a Layer 1 blockchain ecosystem, it uses several specific algorithms, including the Inter-Blockchain Communication (IBC) protocol for communication between different Cosmos Zones and CosmWASM for smart contract deployments. These contracts are written in Rust and are deployed via governance proposals to ensure quality control. Additional features of Kujira include an on-chain scheduler, native token generation, and a robust oracle and randomness via an entropy beacon.
What are the potential use cases for Kujira?
Kujira's potential use cases span various applications in the DeFi space. These include DeFi integrations, stable store of value, paying Kujira gas fees, liquidity provision, arbitrage, and cross-chain liquidity via IBC. Real-world applications of Kujira are found in its ecosystem of dApps, such as BLUE for minting and bridging USK, FIN for trading, and ORCA for liquidation settlement. Kujira also targets specific industries like stablecoin markets and cryptocurrency trading.
What is the history of Kujira?
Kujira was founded by Slangdog, Dead Right Dove, and Codehans. Initially, it launched as a liquidation protocol on the Terra network in November 2021, processing substantial liquidations before shifting to the Cosmos network following Terra's collapse in May 2022. This move led to the establishment of Kujira as a standalone Layer 1 blockchain. Its subsequent milestones include launching its stablecoin USK in August 2022, evolving its technology stack, and achieving a total value locked (TVL) of $112M with consistent market growth. Various projects continue to build on the Kujira platform, reflecting its expanding ecosystem.
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The information presented in this comparison table is for educational purposes only and is not an investment recommendation for your personal circumstances. Past performance is not an indicator of future performance.
The data points in this table are sourced as follows: ASX200 from Google’s ASX200 index price, Gold from ABC Bullion’s website (abc bullion.com.au), and BTC from CoinGecko (coingecko.com.au). All data is recorded at 10 am AEST on the first day of each calendar month.
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Frequently Asked Questions (FAQs)
What is the current price of Kujira (KUJI)?
The Kujira price is $1.0765 AUD, representing a +1.28% from the day prior.
Where is the best place to buy Kujira (KUJI) in Australia?
The best place to buy Kujira (KUJI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Kujira (KUJI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Kujira (KUJI)?
The trading volume of Kujira (KUJI) is $387.1K AUD in the last 24hrs, representing a +1.28% from the day prior.
How can I buy Kujira (KUJI)?
Kujira (KUJI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Kujira (KUJI)?
The current market cap of Kujira (KUJI) is $128.0M AUD.
Can I convert Kujira (KUJI) to cash?
Yes - With Coinstash you can convert your Kujira (KUJI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Kujira (KUJI) are there?
The current circulating supply of Kujira (KUJI) is 122.3M.
Is Coinstash a safe place to buy Kujira (KUJI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Kujira (KUJI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.