Vaduz, Liechtenstein, 13 January 2023– Mimo, the founder of the Decentralized Financial Industry (DeFi), has released the "KUMA Agreement", which is also the first DeFi agreement to sell tokens encouraged by regulated non-bank tokens (NFT). This token itself is applicable to territorial sovereign bonds. At the time of this announcement, the Liechtenstein Financial System Administration allowed Mimo to provide blockchain technical services from January 2023.

The KUMA token is built as a blockchain smart contract that is compatible with most blockchain technologies. It hopes to provide the holder with a reliable source of Internet money by accumulating the loan interest held.

KUMA token represents the NFT of bonds. KUMA Generator (a decentralized commodity owned by KUMA DAO and managed by the holder of the Mimo Governance Token (Mimo)) can be accepted as the backbone of the issuance of KUMA interest-bearing token. KUMA token is a synthetic stable currency with automatic interest calculation. The account balance of this token is increased in the customer's wallet without taking any action. It is consistent with the interest rate of supporting their bond payment, and the commission is reduced. In addition to hobbies, tokens act like ordinary stable coins, allowing them to freely integrate into a broader data encryption ecosystem in the fields of DeFi, GameFi and NFT.

The introduction of the agreement may also change the way bondholders receive interest. Traditional bonds generally accrue interest half a year, every year or even after maturity. However, because KUMA calculates interest tokens and applies blockchain smart contracts, it can accrue interest to the holders on time (every four hours under the default setting) to provide investors with a more stable income stream, which does not belong to all claims processes at the same time.

On the platform, Mimo Capital AG solves bonds and provides users with simple redemption. In addition, the blockchain smart contract managed by KUMA DAO provides the NFT bond infrastructure for swap or loan rollover to its community to ensure the safe operation when the bond expires or the publishing organization announces the updated annual interest rate.

Although the bond token has changed into another diligent enterprise, Mimo's advantage is that it is the first regulated enterprise in the European Economic Area. Mimo provides tokens to allow customers to obtain loan interest. At the same time, thanks to the safety factor of their favorite escrow solution, they can rest assured of the goods that conform to the actual regulatory policy.

In addition, KUMADAO's approach provides a way to subdivide bond profits, reduces market barriers to investment, and opens the door for 24/7 clearing, trading and international liquidity. Examples of applications include bank card accounts, agreement vaults and personal wallets.

When the territorial sovereign bonds are tokenized, Mimo will use KUMA to provide other assets, such as creditor's rights, debts and funds.

So far, every partner of Mimo, including Polygon, Fantom, Swissborg, SingularityDAO and Akt.io, has expressed their intention to apply KUMA.

Claude Eguinta, founder and CEO of Mimo Capital, said:

"We are very happy to provide customers with a new way to make money from the Internet based on token bonds. With this innovative mechanism and a variety of real assets as the core, I always believe that interest-bearing tokens will become the leading special tool in the decentralized financial industry."

To learn more about the Mimo and KUMA contracts, please visit https://mimo.capital and https://kuma.bond

About Mimo

Mimo, a leading blockchain company, has created a multi-chain DeFi agreement, provided decentralized and multi-chain Eurostable currencies, and developed and designed blockchain technology-driven financial products. Mimo is committed to user-friendliness and accessibility, and to bringing the benefits of the decentralized financial industry to a wider audience, including business services and retail investors.

Mobile contacts of news media

Mimo Assets

Name: Yacine Farouk, Chief Marketing Officer

mail box: yacine.farouk@mimo.capital

Website address: www.mimo.capital

China: Liechtenstein

Big city: Vaduz