Background

Altcoin Landscape :

While Bitcoin may dominate cryptocurrency markets, altcoins have continued to gain more and more market share, now stabilizing around 50 percent of the over 2 trillion dollar crypto market. With every cycle, new altcoin industries and altcoins themselves have sprung up ranging from DeFi to the modern day AI tokens. Today, dozens of thousands of altcoins exist with more being generated everyday. However, the vast majority of altcoins can fundamentally be boiled down into two types of altcoins: useless and useful altcoins. Useful altcoins have legitimate utility associated with a native protocol, and their value is derived from speculation as well as their use cases. Useless altcoins are entirely speculative and have limited if any native protocol utility. The vast majority of altcoins can generally be classified as either useless or useful, but both face the same issues of a lack of external utility. While a limited number of stablecoins and bluechip altcoins enjoy the luxury of widespread acceptance in DeFi protocols, the vast majority of altcoins tokens have limited, if any, available financial products (beside swaps) resulting in a lack of yield bearing options, high opportunity cost of holding, and limited market exposure. In our path to tokenization, the crypto industry has ignored a critical oversight - why tokenize something if you can't do anything with it?

The Altcoin Problem: A Lack of Utility

A lack of utility of altcoins is a fairly universal problem — whether you be a User, DAO, or even a fund with portfolio tokens, chances are we've all been in the dilemma of holding onto an altcoin, or for lack of better word “shitcoin”, and having no options other than pray it will go up! The problems of a lack of utility of altcoins has several impacts on the markets and users with reverberating effects.

Zombie Coins - Markets

Altcoins may continue to retain value, while having extremely limited trading activity or utility. In essence, transactions with said altcoins are largely limited to buying/liquidations with low velocity, segregating the liquidity of Zombie Coins, resulting in significant capital inefficient markets in the altcoin space.

Sidelined Holdings - Users

With the prevalence of Zombie Coins, many users may find themselves stuck "holding a bag", instead of being able to actively use or engage with their holdings. Such Zombie Coins leave individuals and entities in a waiting game, hoping for a future upswing in token value. Such users face extremely high opportunity cost while holding such tokens, lacking market exposure to Bitcoin (one of the hottest derivatives markets in all of finance) and other assets, while simultaneously losing the ability to earn yield (a cornerstone use case in crypto). It's a restrictive scenario that counteracts the dynamic, participatory ethos that lies at the heart of the crypto world.

Krav

Addressing these challenges, KRAV emerges as a pioneering Quanto Perpetual Exchange, poised to redefine altcoin utility. KRAV's innovative Quanto Perpetual Futures allow the trading of BTC perpetual futures with any altcoin as collateral, with PnL purely based on BTC price movements (no liquidations based on altcoin collateral price). Single token LP pools facilitate the liquidity for each trading pair of altcoin collateral to BTC futures, earning real yield! KRAV completely redefines altcoin utility, utility with its permissionless single-token altcoin liquidity pools and perpetual futures contracts, accepting any altcoin as collateral, bringing breakthrough diversification strategies and yield bearing prospects to billions of dollars sitting idle in user, DAO, or protocol altcoin holdings. The altcoin revolution is now.