Kingswap the king of Defi
Despite all this exponential development, there are differing degrees of problems in a fragmented process market, each staying together, becoming one huge avalanche. Not only is this significant, but it needs to be broken down. If not, all technology would shut down until it achieves its full speed. And as you already know, any new initiative is attempting to address any or all of the current problems. And the initiative I'm writing about right now is Kingswap
Kingswap is a managed Singapore-based DeFi project implementing a fiat exchange liquidity pool network. High-yield liquidity platform KingSwap provides comprehensive staking incentives and digital collectibles. The project will commence in October 2020, built on Uniswap.
KingSwap will launch a liquidity pool program with fiat conversions. KingSwap is supported by a trustworthy team and designed to satisfy rigorous regulatory specifications. Users may convert their Cryptocurrency to Fiat currency through secure OTC gateway and may choose to load their fiat money into approved VISA / Unionpay Cards.
- KingSwap helps users to quickly exchange their tokens to currencies via its "off-ramp fiat converts" function. This helps consumers to quickly switch their $KING to Fiat money.
- Any time a person engages in supplying liquidity to the pool, the person is eligible to a $KING token that enables the user to have a part of the network fee.
- The KingSwap platform has a beginner-friendly layout, almost identical to UniSwap and SushiSwap. So if users used UniSwap or SushiSwap before, the KingSwap GUI would become comfortable.
- Each person involved, such as swappers and cash providers, would be deemed to a loyalty incentive. The perks will include 0 percent card processing costs, higher interest rates, and commercial incentives, such as FREE Netflix, Spotify 's services, and special members accessing the global airport lounges, etc.
- For early investors, KingSwap offers NTF tokens. NTFs are non-fungible assets which are used to produce provable digital scarcity and digital possession, as well as the potential of multi-platform interoperability of assets.
- Contracting with other DAOs that lack strong legal protection, KingSwap is a user-friendly framework. Thus, KingSwap has a legal framework which provides the KingSwap team with credibility and trustworthy regulation.
Important Kingswap pages
Website
Twitter
Discord
Linkedin
Github
Telegram
Facebook
Kingswap Tokenomic $KING is the native token of KingSwap. $KING are designed on the LP Token Model High Yield Staking, which is awarded for liquidity mining. The token then encourages the owners to be active and continue in platform management further and also enables them to incentives. UniSwap protocol distributes 0.3% of all the selling costs in a system to the liquidity suppliers of the market. It would just cost Swappers 0.25% of the transaction costs on the kingswap website which will allow it easier for swapers to use Kingswap. According to this principle, 0.2% is allocated to active providers of liquidity while the remainder 0.05% is returned back to $KING via KingSwap and allocated to the holders of $KING.
Conclusion Today, several decentralized exchange sites use the DeFi protocol on the market however most were unable to optimize DeFi's "strength." KingSwap is a UniSwap fork which challenges Sushiswap and Uniswap capability! In Sushiswap and Uniswap, KingSwap will have new features which are not already usable. KingSwap maximizes the DeFi protocol, making it a stronger Decentralized Sharing network in contrast with Sushiswap and Uniswap, enabling the effect of the "true" DeFi Protocol on several involved parties.