How it works

KACO allows users to receive BEP20 tokens representing NFT projects by depositing their NFT into a pool on the NFT100 dex. When you deposit your NFT (Kaco Finance's NFT) into the corresponding NFT project pool (Kaco Finance pool) on our NFT100 DEX, the NFT100 factory will create a BEP20 token representation of that NFT project, providing 100 of these tokens for each NFT your deposit.

Benefits include:

• LP and Equity Mint BEP20 Tokens for Earnings Bonus

• Better allocation and price discovery for NFT projects

• Sell any NFT immediately by casting it as BEP20 and swapping it through KACO

• Increase liquidity for NFT investors and speculators

Floor Price

Users can then centralize their minted BEP20 in AMMs such as KACO to create a market for other users to trade. As liquidity and volumes are established, the BEP20 tokens backed by NFT can help discover floor prices.

The floor price represents the lowest price for a particular NFT. Users establish a reserve price by minting and selling BEP20 tokens in markets that believe NFT is overvalued.

KACO is helping to establish a reliable floor feed for NFT, making it more widely used in decentralized finance on BSC.

For example, users have 10 Kaco Finance, 3 of which have high values. However, they believe that the value of the other 7 Kaco Finance is lower than the market price of the Kaco Finance pool on KACO. Users deposit these 7 forged BEP20 tokens (Kkaco) and sell their minted 700 BEP20 tokens (Kkaco) on KACO, thus reducing their price and helping price discovery.

The above process will continue until the floor price is reached.