Kekobank is a parody of the traditional financial system and institutions performed through crypto-native initiatives that use the token $KEKO as the common thread.
“Kekobank is crypto’s first legacy financial institution”. Kekobank brings the speed, transparency, accountability and reliability of banks, public organizations and regulators to crypto.
Kekobank manages KEKO, the token that unites the community of people who feel true love and respect for traditional financial institutions.
KEKO emerges from the the Bitcoin ecosystem. In 2022, 69M KEKOs were minted on Counterparty, a proto-layer 2 over Bitcoin that hosted the first manifestations of NFTs in crypto. KEKO was originally pegged to the Satoshi (one 100 millionth of a BTC). They were soon embraced by the community, especially among Rarepepe collectors, who collected and gave KEKOs a use.
One year later, the collection migrated to Ethereum: 69M KEKOS were minted on the Ethereum blockchain as an ERC1155, preserving the original nature as an NFT and becoming the center of Kekobank, an initiative to create entertaining initiatives using DeFi tools (like mints, swaps, burns, loans…). The original holders of Counterparty KEKO were given the opportunity to receive an airdrop if they provided a Proof of Burn of the Counterparty asset.
Eventually, the ERC1155 proved too inflexible for Kekobank’s purchase, and Kekobank launched an ERC20, the $KEKO. $KEKO is analogous to a cash version of the ERC1155. The new $KEKO coin offers divisibility and interoperability with DeFi.
Users can exchange their original KEKOs for $KEKO coins any time on a 1 to 1 exchange rate. KEKO, the ERC1155, thus becomes the reserve asset for $KEKO, the coin, through a custom-made exchange at kekobank.com.
$KEKO is Kekobank’s main currency and it is at the center of Kekobank’s actions. Kekobank has a roadmap of initiatives that leverage the features of DeFi to create entertaining experiences around $KEKO and KEKO.