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BENQI Coin is the native cryptocurrency of the BENQI protocol, which is built on the Avalanche network.
What is BENQI (QI)?
BENQI (QI) is a decentralized liquidity market protocol built on the high-speed Avalanche smart contract network. QI enables users to lend, borrow, or earn interest using their crypto assets. The team chose Avalanche due to its claimed high scalability, fees, and compatibility with popular plugin wallets.
One of BENQI’s goals is to become a cross-chain hub by connecting Ethereum 
$2,611, Polkadot, and Binance Smart Chain through Avalanche subnets. QI was founded in 2021 with an investment of $6 million. Its strategic investors include Ascensive Assets, Dragonfly Capital, Mechanism Capital, Arrington XRP Capital, Spartan Group, TRGC, Woodstock Fund, Ava Labs, Morningstar Ventures, GBV Capital, Skynet Trading Ltd, Rarestone Capital, Genblock Capital, and Moon Inc.
BENQI maintains its claim as the number one DeFi project on the Avalanche platform. It offers DeFi users on congested and centralized networks the opportunity to transfer their unused assets to BENQI without any hurdles.
Avalanche allows BENQI users to access decentralized financial services seamlessly and at a low cost, increasing control over their strategies. Developers can choose to use BENQI to create financial products by utilizing the protocol and transferable income tokens. Additionally, BENQI alleviates Ethereum’s network congestion issues by offering a cheaper and faster alternative for Ethereum users.
Where to Buy QI Coin?
BENQI Coin can be safely bought and sold through Binance, the world’s largest cryptocurrency exchange by trading volume. QI Coin is traded on the Binance platform in QI/BTC, QI/BNB, QI/USDT, and QI/BUSD pairs.
To buy BENQI Coin, you must first register on the Binance exchange. Once registration is complete, cryptocurrency or fiat currency must be transferred to the Binance wallet. After the transfer is complete, you can purchase QI Coin in one of the four pairs mentioned above. To buy in the QI/USDT pair, you should first go to the interface of this pair. In the limit section of the QI/USDT interface, enter the amount you wish to buy. After specifying the amount, the purchase is made by placing a Buy QI order.
