QI

Overview of BENQI

BENQI, also known as QI, is a versatile cryptocurrency token that provides support for multiple exchanges including Binance, KuCoin, Gate.io, Pangolin, and Trader Joe. It also offers integration with various storage wallets such as Metamask, Ledger, Trezor, and Avalanche Wallet for secure asset management.

BENQI's customer service is accessible through multiple platforms, including Telegram, Twitter, and Discord, ensuring that users have reliable support channels for any inquiries or assistance they may need.

Pros and Cons

What Makes BENQI Unique？

BENQI stands out with its innovative Liquid Staking feature, allowing users to stake AVAX while maintaining the liquidity of their assets for seamless DeFi participation. The protocol has garnered significant trust and adoption, evidenced by over $551 million in value locked and a strong community of more than 100,000 users. With more than 50 integrations, BENQI extends its reach and interoperability across the DeFi landscape. Additionally, it provides a dynamic marketplace for lending, borrowing, and earning with cryptocurrencies, and through its Ignite feature, BENQI empowers users to run Avalanche validators or subnets, fostering decentralization and active participation in the Avalanche ecosystem.



How does BENQI Work？

BENQI operates as a DeFi and Web3 protocol that offers a comprehensive suite of financial services. Users can stake their AVAX tokens through BENQI's Liquid Staking feature, which allows them to earn rewards while still having the ability to use their staked assets within DeFi applications. The platform also provides a marketplace for lending and borrowing cryptocurrencies, where users can supply or borrow assets to and from the market, facilitating a decentralized and accessible financial ecosystem. Furthermore, BENQI's Ignite tool enables users to run Avalanche validators or subnets, contributing to the network's security and governance while earning additional rewards. This multifaceted approach positions BENQI as a versatile and integral part of the Avalanche blockchain's DeFi infrastructure.



One of the key functionalities of BENQI is its Liquid Staking, which enables users to stake their AVAX tokens and earn rewards, while also maintaining the liquidity of their assets for use within the DeFi ecosystem.

Exchanges to Buy BENQI

BENQI is available for purchase on multiple cryptocurrency exchanges.

1.Coinbase:The premier digital asset marketplace provides an efficient and secure trading environment for BENQI, with ample liquidity and a diverse range of trading pairs, catering to a global user base.

Step	Action
1	Sign up for a Coinbase account: If you don't already have one, create a Coinbase account by providing your email address and personal information.
2	Verify your identity: To comply with regulations, Coinbase requires you to verify your identity. This involves providing documentation like your driver's license or passport.
3	Fund your account: Choose your preferred method to add funds to your Coinbase account. Options include bank transfers, credit/debit cards, or crypto deposits.
4	Search for BENQI: Go to the trading page on Coinbase and search for “BENQI” or “QI” using the search bar.
5	Place your order: Choose the amount of BENQI you want to buy and confirm the order. You can select market orders (buying at the current market price) or limit orders (buying at a specific price you set).
6	Review and confirm: Double-check your order details and confirm the purchase.
7	View your BENQI holdings: Your purchased BENQI will be displayed in your Coinbase wallet.

Buying link: https://www.coinbase.com/how-to-buy/benqi

2. Binance: Binance serves as a global digital asset marketplace, delivering a secure and user-friendly experience, complete with a broad array of trading pairs and advanced trading capabilities.

Step	Action
1	Register via the Binance App and the website using your email and mobile number
2	Click on the “Buy Crypto” link on the top of the Binance website navigation to know about the available options to buy BENQI in your country.- Credit card- Google Pay or Apple Pay- Third Party Payment
3	Check the payment details and fees.- order at the current price- order will be recalculated - current market price -see the new order amount
4	Store or use your BENQI in Binance.Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income. If you would like to trade your BENQI to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains.

Buying link: https://www.binance.com/en/how-to-buy/benqi

• KuCoin:KuCoin is a popular cryptocurrency exchange that lists BENQI (QI) and allows users to buy, sell, and trade it with various fiat and cryptocurrency pairs, offering a secure and convenient platform for accessing this Avalanche-based DeFi token.
• Kraken: Kraken, a renowned cryptocurrency exchange, supports the listing and trading of BENQI (QI), enabling users to seamlessly buy, sell, and hold this Avalanche-based DeFi token alongside other digital assets.
• Crypto: The digital asset trading platform provides a broad range of trading pairs, ensuring a seamless and secure trading environment for BENQI, coupled with an intuitive interface to enhance the trading experience.


How to Store BENQI？

BENQI is a decentralized finance (DeFi) protocol built on the Avalanche blockchain. You can store your BENQI tokens in a variety of ways, but the most secure method is to use a hardware wallet.

Here are some common ways to store your BENQI:

1. Hardware Wallets:

• Ledger Nano S/X: These popular hardware wallets offer excellent security and are compatible with Avalanche.
• Trezor Model T: Another reputable hardware wallet option with strong security features.
• SafePal S1: A more affordable hardware wallet that supports Avalanche.

2. Software Wallets:

• MetaMask: A widely used browser extension wallet that supports Avalanche and BENQI.
• Coinbase Wallet: A mobile and browser wallet that provides access to the Avalanche network.
• Trust Wallet: Another popular mobile wallet with Avalanche support.

Is It Safe？

BENQI is a secure DeFi protocol built on the Avalanche blockchain, but the safety of your BENQI tokens depends on how you store and manage them. Use a hardware wallet for maximum security, choose reputable platforms, and maintain strong security practices to protect your assets.

FAQs

What is BENQI？

BENQI is the native token of the BENQI protocol, a decentralized finance protocol built on the Avalanche blockchain.

What is the purpose of BENQI tokens？

BENQI tokens are used for governance, staking, and earning rewards within the BENQI ecosystem.

How can I get BENQI tokens？

You can acquire BENQI tokens through decentralized exchanges (DEXs) or by participating in liquidity provision on the BENQI platform.

What are the benefits of holding BENQI tokens？

Holding BENQI tokens grants you voting rights in protocol governance, allows you to earn staking rewards, and gives you access to exclusive features within the BENQI ecosystem.