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What Is Kekobank ($KEKO)
Kekobank is a crypto-native initiative that parodies traditional financial institutions, utilizing the $KEKO token as its foundation. It aims to bring the speed, transparency, accountability, and reliability of banks, public organizations, and regulators to the world of crypto.
Kekobank manages KEKO, a token that unites a community of individuals who have a genuine love and respect for traditional financial institutions.
KEKO originated from the Bitcoin ecosystem. In 2022, 69M KEKOs were minted on Counterparty, a proto-layer 2 over Bitcoin, which hosted the initial manifestations of NFTs in the crypto space. The KEKO token was initially pegged to the Satoshi (one 100 millionth of a BTC) and gained popularity among the community, particularly Rarepepe collectors, who collected and found uses for KEKOs.
After a year, the collection migrated to the Ethereum blockchain, where 69M KEKOs were minted as an ERC1155, preserving their nature as NFTs. This migration marked the beginning of Kekobank, an initiative to create entertaining experiences using DeFi tools such as mints, swaps, burns, and loans. Holders of Counterparty KEKO were given the opportunity to receive an airdrop by providing proof of burn for the Counterparty asset.
However, the ERC1155 token proved to be too inflexible for Kekobank's purposes, leading to the launch of an ERC20 token, $KEKO. $KEKO is a cash version of the ERC1155, offering divisibility and interoperability with DeFi.
Users can exchange their original KEKOs for $KEKO coins at any time on a 1-to-1 exchange rate. The ERC1155 KEKO token serves as the reserve asset for $KEKO through a custom-made exchange at kekobank.com.
$KEKO is the primary currency of Kekobank and plays a central role in its initiatives. Kekobank has a roadmap of projects that leverage DeFi features to create entertaining experiences revolving around $KEKO and KEKO tokens.
Who Are the Founders of Kekobank?
Kekobank is led by a reputable team consisting of long-time Counterparty collectors, artists, builders, marketers, designers, meme creators, and more. This team has grown and evolved alongside the NFT and crypto ecosystem.
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Who Are the Founders of Kekobank?
Kekobank is operated by a team of experienced individuals who have been involved in collecting, creating, marketing, designing, and creating memes within the NFT and crypto ecosystem for a significant period of time.