Kwenta (KWENTA) is a decentralized derivatives trading platform built on the Synthetix protocol and operating on the Optimism layer 2 network. Here's how it is used:

1. Synthetic Assets: Kwenta allows users to buy and sell a variety of synthetic assets, including real-world and on-chain assets, using the Synthetix protocol.

2. Leverage: Traders can use up to 25x leverage for their trades, with plans to increase this dynamically in the future.

3. Pricing: Prices for trades are provided by decentralized oracles, specifically Pyth for market, stop, and limit orders, and Chainlink for liquidations. This ensures accurate and up-to-date pricing.

1. Infinite Liquidity: Kwenta leverages the Synthetix debt pool, which provides infinite liquidity for traders. This means that traders can execute trades at any price point without worrying about liquidity constraints.

2. No Counterparty Matching: Unlike traditional exchanges, Kwenta does not require direct counterparties for each trade. Instead, SNX stakers on Synthetix assume a proportion of the debt pool, ensuring liquidity.

1. Low Gas Fees: By operating on Optimism, Kwenta offers significantly lower gas fees compared to traditional Ethereum transactions.

2. Liquidations: Liquidations are executed by keeper bots for a fee, incentivizing timely liquidations to maintain system stability.

1. Web3 Wallet: Users need a web3 wallet with ETH for gas fees and sUSD (or other Synths) to start trading on Kwenta.

2. Acquiring Synths: Synths can be purchased on dApps like Uniswap, Curve, or 1inch.

3. Trading: Once set up, users can trade between various Synths on the Kwenta platform.

1. Staking: Users can stake KWENTA to receive inflationary rewards.

2. Isolated Margin: Kwenta offers isolated margin contracts, allowing traders to manage risk on individual assets.

3. Peer-to-Contract Trading: All trades are executed against Synthetix smart contracts, eliminating the need for order books and ensuring permissionless, non-custodial trading.

To store Kwenta (KWENTA) tokens, you can follow these steps:

1. MEXC Account Wallet: After purchasing KWENTA, you can hold it in your MEXC Account Wallet. This is a secure and convenient option, allowing you to manage your tokens directly within the MEXC platform.

2. Personal Cryptocurrency Wallet: You can also transfer your KWENTA tokens to a personal cryptocurrency wallet. This provides full control over your assets and allows for additional passive income opportunities by trading or staking them.

3. Metamask Wallet: Metamask is a popular wallet that supports millions of assets and blockchains. It can be used to store and manage your KWENTA tokens, especially if you plan to trade them on decentralized exchanges.

4. Smart Margin Wallet: Kwenta offers a Smart Margin Wallet, which is a non-custodial platform, giving users full control over their assets. This wallet is designed for advanced functionality and perpetual futures trading on Optimism.

Choose the storage method that best suits your needs and ensures the security of your KWENTA tokens.

To buy Kwenta (KWENTA) tokens, follow these steps:

1. Create an Account:

   • Choose a reliable exchange such as Coinbase, MEXC, or Bitrue.
   • Sign up for an account by providing necessary information, including your email address and a secure password.
   • Complete any required identity verification steps (KYC).

2. Choose a Funding Method:

   • Popular exchanges offer multiple payment methods, including:
     • Credit/Debit Card: Ideal for newcomers, supporting both Visa and Mastercard transactions.
     • Bank Deposit: Transfer fiat currency from your bank account to the exchange using SWIFT.
     • P2P Trading: Buy Kwenta directly from other users.
     • Third-Party Payment: Utilize services like Simplex, Banxa, or Mercuryo.

3. Buy Kwenta:

• Navigate to the Buy & Sell section on the exchange platform.
• Select Kwenta (KWENTA) as the cryptocurrency you want to buy.
• Choose your preferred order type:
  • Market Order: Buy at the current rate.
  • Stop Order: Buy at a specified price.
  • Limit Order: Buy at a particular price or better.
  • TWAP Order: Breaks down large orders into smaller segments.
  • Reverse Order: Assume the contrary stance of a currently active position.

4. Transfer to Your Wallet:
   • Once purchased, you can hold Kwenta in your exchange account or transfer it to your personal cryptocurrency wallet.
   • Consider trading Kwenta for other cryptocurrencies or using it for passive income.

Remember to research the exchange's reputation, read user reviews, and compare different exchanges to choose the most suitable one for you.