KAYEN Protocol Launches SportFi DEX Mainnet and Launchpad Testnet on Chiliz Chain

KAYEN Protocol launched the SportFi DEX mainnet and Launchpad testnet on Chiliz Chain on August 8th 2024 08:08:08 UTC, marking a pivotal milestone in the integration of crypto with sports fan engagement.

On August 8th, 2024, at precisely 08:08:08 UTC, KAYEN Protocol proudly launched its SportFi DEX mainnet and launched the Launchpad testnet on Chiliz Chain, marking the beginning of cryptocurrency and sports fan engagement The integration has reached a new level.

Chiliz is owned by SportFi. Its infrastructure is powered by Chiliz Chain, the first Layer-1 EVM compatible blockchain related to sports and entertainment, powered by CHZ, Chiliz’s native token. Over 80 fan tokens from the world’s largest sports entities provide a gateway into the Chiliz ecosystem.

Its flagship product Socios.com on Chiliz Chain has a global community of more than 2 million users, making it the world's largest non-financial/trading center web3 consumer-facing product by user base. Chiliz cooperates with many brands, including giants in world sports, such as FC Barcelona, ​​Paris Saint-Germain, Manchester City, Juventus, Napoli, Inter Milan and AC Milan. , Arsenal FC, Atletico Madrid FC, Roma FC and the major Formula 1 teams.

KAYEN Protocol emerges as the vanguard of this decentralized movement, building a state-of-the-art DeFi hub starting with the SportFi DEX for fan tokens and a Chiliz Chain native Launchpad for more SportFi projects. As the pioneer of the $1 billion DeFi project on the blockchain, KAYEN already received $10 million in TVL on July 28 before it was launched. Early community and financial traction highlight the market’s recognition of the DeFi ecosystem on Chiliz.

Also, fan tokens on Chiliz Chain do not have decimal points, but users generally prefer to trade in smaller units. To solve this problem, KAYEN wraps fan tokens in 18 decimal points for DEX. Wrapped Tokens retain the same value as the original Fan Tokens and can be redeemed back at any time.

To promote community participation, KAYEN Protocol is running an airdrop program called KAYEN LEAGUE. The program incentivizes users to participate in community and trading tasks, offering the dual benefits of potential token rewards and early access to the ecosystem’s features.

For more information about KAYEN Protocol, please visit: website.

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