Earn extra with our cKES saving campaign
HaloFi partners with Mento Labs to bring you more
Exciting News! Join Our Savings Challenge in Partnership with Mento Labs to celebrate the Launch of cKES, the Kenyan Shilling Stable Token earlier this summer!
Starting today, any new deposit of 5 cUSD held for just 5 days will earn you a bonus of 100 cKES. That’s roughly equivalent to 0.77 USD*, translating to an approximate return of 15.4%* in just a few days. How amazing is that?
If you haven’t yet heard of cKES, it’s the newest addition to Mento Labs’ lineup of localized stable tokens, joining the ranks of cEUR, cREAL, and, of course, cUSD. At HaloFi, we’re accustomed to saving in USD-pegged stable tokens, but the world of finance is vast, and it’s time to explore beyond the US dollar.
How do I get this reward?
To qualify for this reward, all you need to do is visit save.halofi.me and make a new deposit of 5 cUSD. Remember, this offer is for new deposits starting from today — existing deposits won’t count. The bonus is capped to the first 2,000 addresses, so act fast to secure your reward! Bonuses will be distributed every seven days, starting next week.
Don’t miss out on this unique opportunity to earn while you save!
👀 Plus keep you eyes out for another Mento campaign going live later this week!
How can I use my cKES?
If you are based in Kenya, you can use cKES to transfer crypto in your local currency. cKES can also be:
Swapped on DEXs — Uniswap, Mento Stable Exchange and Sushiswap (best for MiniPay users)
In the future cKES will also be used for:
Remittances and Cross Border Payments: Enabling cross-border payments and remittances is a major use case for the cKES. By using cKES, Kenyan workers working overseas can send money to their families promptly and cheaply without having to deal with the expensive fees and ineffectiveness of traditional remittance services.
E-commerce: By utilizing the low cost, quick settlement, and programmable features of cKES, the integration into the Kenyan e-commerce ecosystem has the potential to increase adoption, enhance transaction efficiency, and open up new options for both merchants and customers.
Savings: Kenyan consumers now have the chance to utilize cKES as a reliable, portable, and programmable store of value, improving the security of their funds, generating income, and enjoying the advantages that cryptocurrency-native financial instruments may bring. Let us know if you would like to se HaloFi support this!
B2B Transactions: There are a number of benefits that the incorporation of the cKES can offer to Kenyan B2B payments and transactions. cKES can assist Kenyan businesses in streamlining their financial administration, cutting expenses, and increasing operational effectiveness. It can achieve this by simplifying cross-border payments as well as enhancing supply chain financing and invoicing.
Microlending: The cKES can be a powerful tool for microlending platforms like Haraka to enhance financial inclusion, lower fees, automate repayments, improve risk management, increase transparency, and scale their operations more efficiently.
Want to know more about how cKES is being used? Head on over to it’s analytics board.
Happy Saving,
The HaloFi team
🌎 Website
🐦 Twitter
📡 Telegram
👾 Discord
🛠️ Github
- Please note that the return percentage may fluctuate based on KES/USD exchange rates. All DeFi and crypto transactions carry a certain level of risk, please only invest what you can afford to lose.
