BENQI Price Prediction 2021, 2022 and Beyond.

0
124
BENQI Price Prediction

Hi and welcome to BENQI Price Prediction and future Predictions. BENQI price is forecast to reach a lowest possible level of $5.24 in 2030. As per our findings, the QI price could reach a maximum possible level of $6.22 with the average forecast price of $5.43.

What is Benqi Finance

BENQI is a decentralized non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets.

Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.

Why BENQI?

Decentralized Finance (DeFi) has grown substantially in the last 2 years. As most of DeFi’s activity is currently conducted on Ethereum, the network has started to experience congestion problems that have resulted in high network fees.

RECOMMENDED ARTICLES:  Satorify Review: Is Satorify Legit or Scam, Find out

This has proven to be a significant barrier for both old and new users with smaller capital to justify engaging in DeFi.

BENQI aims to alleviate these problems by providing a Liquidity Market Protocol on a highly scalable and decentralized platform.

With a focus on approachability, ease of use, and low fees, BENQI will democratize access to decentralized financial products by providing permissionless lending and borrowing where users can:

  1. Instantly supply to and withdraw liquidity from a shared liquidity market
  2. Instantly borrow from a liquidity market using their supplied assets as collateral
  3. Have a live and transparent view of interest rates around the clock based on the asset’s market supply and demand

Using the protocol

To use the protocol, the user deposits their preferred asset that is accepted by the protocol. Users will be able to earn interest based on the asset’s market demand for borrowing.

Additionally, deposited assets can be used as collateral to allow the user to borrow other assets. Interest earned by depositing funds offsets the accumulated interest rates from borrowing.

Additional token pools will be added as the platform grows. The additions into the protocol will be initially decided by the core team and as the protocol’s governance transitions into a Decentralized Autonomous Organization (DAO), additional pools will be approved based on community votes and proposals, using the QI governance token.

RECOMMENDED ARTICLES:  Clover Finance Review: 100% Is Clover Finance Legit or Scam

Storage of funds

Funds are administered by Smart Contracts.

Depositors/Lenders will be given tokenized yield-bearing tokens (QiTokens) which will be used to withdraw funds from the pool on-demand when required. QiTokens can be transferred and traded as any other crypto-asset on Avalanche.

Risks

No protocol within the blockchain space can be considered entirely risk free. The risks related to the protocol may potentially include Smart Contract risks and Liquidation risks.

The team has taken necessary steps to minimize these risks as much as possible by undergoing audits and keeping the protocol public and open sourced.

BENQI (QI) token

The QI token is an native asset on Avalanche and oversees the entire ecosystem of the BENQI protocol, including the Treasury, and future iterations of the protocol.

QI is required to vote and decide on the outcome of proposals through BENQI Improvement Proposals (BIPs).

The protocol will initially be governed by the founding team, and will eventually transition to a Decentralized Autonomous Organization (DAO).

As part of the DAO, holders of the QI token will be able to initiate proposals and vote on issues that will steer the direction of the protocol.

The total supply of QI will be 7,200,000,000 tokens, and the max supply will be projected to be fully distributed by Q1 2024.

RECOMMENDED ARTICLES:  Make money With Cardano | 5 free Hacks

The token distribution is designed to ensure that market participants who actively engage with the platform will receive QI tokens. The majority of the tokens will be distributed through the Liquidity Mining program.

Distribution

The aim of the token distribution is to ensure the healthy engagement of the protocol. A healthy protocol would be one where there is a consistently high utilization rate of the available borrowing pools balanced by an increasing lending pool.

This would generate protocol fees for the treasury fund where QI holders can propose improvements and collectively decided on the optimum solution for the protocol.

All tokens will be fully distributed over a 260-week period to achieve this goal to ensure all market participants will be able to partake in the governance of the protocol.

BENQI Price Prediction 2021

Month Average Price ($) Change (%)
Sep 2021 $0.3516033968 USD 51.34 %
Oct 2021 $0.3303067038 USD 42.17 %
Nov 2021 $0.3235442305 USD 39.26 %
Dec 2021 $0.3334645600 USD 43.53 %

BENQI Price Prediction 2022

Month Average Price ($) Change (%)
Jan 2022 $0.4082041313 USD 75.7 %
Feb 2022 $0.4087192074 USD 75.93 %
Mar 2022 $0.4581897214 USD 97.22 %
Apr 2022 $0.4071950859 USD 75.27 %
May 2022 $0.3523866223 USD 51.68 %
Jun 2022 $0.3959417826 USD 70.43 %
Jul 2022 $0.3777851892 USD 62.61 %
Aug 2022 $0.4023239562 USD 73.17 %
Sep 2022 $0.4307435027 USD 85.41 %
Oct 2022 $0.3735322112 USD 60.78 %
Nov 2022 $0.3514262072 USD 51.26 %
Dec 2022 $0.4418258520 USD 90.18 %

BENQI Price Prediction 2023

Month Average Price ($) Change (%)
Jan 2023 $0.5700852894 USD 145.38 %
Feb 2023 $0.4667147234 USD 100.89 %
Mar 2023 $0.5010546163 USD 115.67 %
Apr 2023 $0.5530911898 USD 138.07 %
May 2023 $0.4893885738 USD 110.65 %
Jun 2023 $0.4911969193 USD 111.43 %
Jul 2023 $0.4718400584 USD 103.09 %
Aug 2023 $0.4470998053 USD 92.45 %
Sep 2023 $0.4149029243 USD 78.59 %
Oct 2023 $0.5438925290 USD 134.11 %
Nov 2023 $0.4834836119 USD 108.11 %
Dec 2023 $0.5119488660 USD 120.36 %

BENQI Price Prediction 2024

Month Average Price ($) Change (%)
Jan 2024 $0.5311259770 USD 128.61 %
Feb 2024 $0.5955098720 USD 156.33 %
Mar 2024 $0.5528120792 USD 137.95 %
Apr 2024 $0.5959041949 USD 156.5 %
May 2024 $0.5027398760 USD 116.4 %
Jun 2024 $0.5179749319 USD 122.95 %
Jul 2024 $0.4932932362 USD 112.33 %
Aug 2024 $0.6400780412 USD 175.51 %
Sep 2024 $0.5285427511 USD 127.5 %
Oct 2024 $0.4916666107 USD 111.63 %
Nov 2024 $0.4882838314 USD 110.17 %
Dec 2024 $0.5227786200 USD 125.02 %

BENQI Price Prediction 2025

Month Average Price ($) Change (%)
Jan 2025 $0.6332962988 USD 172.59 %
Feb 2025 $0.6255836908 USD 169.27 %
Mar 2025 $0.6598658648 USD 184.03 %
Apr 2025 $0.7780753122 USD 234.91 %
May 2025 $0.7096282905 USD 205.45 %
Jun 2025 $0.7281756150 USD 213.43 %
Jul 2025 $0.7448749431 USD 220.62 %
Aug 2025 $0.6129592682 USD 163.84 %
Sep 2025 $0.6038706854 USD 159.93 %
Oct 2025 $0.7564231783 USD 225.59 %
Nov 2025 $0.6577444405 USD 183.11 %
Dec 2025 $0.7737456391 USD 233.04 %

BENQI Price Prediction 2026

Month Average Price ($) Change (%)
Jan 2026 $0.9057344476 USD 289.86 %
Feb 2026 $0.7586263764 USD 226.54 %
Mar 2026 $0.9225041794 USD 297.07 %
Apr 2026 $0.7953262936 USD 242.33 %
May 2026 $0.8646390256 USD 272.17 %
Jun 2026 $0.9246188152 USD 297.99 %
Jul 2026 $0.8475449983 USD 264.81 %
Aug 2026 $0.7165609465 USD 208.43 %
Sep 2026 $0.8884078839 USD 282.4 %
Oct 2026 $0.8835860489 USD 280.32 %
Nov 2026 $0.8558085418 USD 268.37 %
Dec 2026 $0.7900014960 USD 240.04 %

BENQI Price Prediction 2027

Month Average Price ($) Change (%)
Jan 2027 $0.8896009702 USD 282.91 %
Feb 2027 $0.9708591107 USD 317.89 %
Mar 2027 $0.9995771809 USD 330.25 %
Apr 2027 $1.01 USD 334.87 %
May 2027 $1.04 USD 348.22 %
Jun 2027 $1.01 USD 336.4 %
Jul 2027 $0.9448802774 USD 306.71 %
Aug 2027 $0.9427617339 USD 305.79 %
Sep 2027 $0.8856420923 USD 281.21 %
Oct 2027 $0.8206878906 USD 253.25 %
Nov 2027 $0.9039233141 USD 289.08 %
Dec 2027 $1 USD 330.96 %

BENQI Price Prediction 2028

 

Month

Average Price ($) Change (%)
Jan 2028 $1.12 USD 381.43 %
Feb 2028 $0.9505341053 USD 309.14 %
Mar 2028 $0.9415908788 USD 305.29 %
Apr 2028 $1.13 USD 384.96 %
May 2028 $1.09 USD 369.66 %
Jun 2028 $1.07 USD 360.35 %
Jul 2028 $1 USD 331.95 %
Aug 2028 $1.14 USD 391.08 %
Sep 2028 $1.1 USD 372 %
Oct 2028 $0.9751366385 USD 319.73 %
Nov 2028 $1.05 USD 352.49 %
Dec 2028 $1.01 USD 334.87 %

BENQI Price Forecast FAQs

What is the BENQI price today?
Today BENQI (QI) is trading at $0.20 with the marketcap of $66,113,440.000.

What will be the QI highest forecast price for 2021?

The QI price is expected to reach a maximum level of $0.19 at the end of 2021.

Is BENQI (QI) a good investment?

BENQI’s value is expected to continue to expand, as shortage tends to encourage price rise. Please note, there is some risk to any investment. Just invest in what you can accomplish before coming to any conclusions and conduct the maximum research possible.

How high can BENQI go?

The average price of BENQI (QI) might go to $0.19 by the end of this year. If we estimate the five-year plan, it is estimated that the coin will easily reach the $0.85 mark.

How much will BENQI be worth in 2030?

In terms of price, BENQI has an outstanding potential to reach new heights. It is forecast that QI will increase in value. According to specific experts and business analysts, BENQI can hit the highest price of $6.22 till 2030.

LEAVE A REPLY

Please enter your comment!
Please enter your name here