KingSwap: One King To Rule DEX

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4 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Abstract

Today many DeFi projects offer various features and solutions for users. You need to know that, DeFi allows the creation of a decentralized financial system whose features are the development of blockchain technology and are claimed to be better applied in financial cases. With this came DEX (Decentralized Exchange platforms) which are platforms that allow users to be able to trade their tokens easily, efficiently, and safely.

A popular DeFi platform among crypto enthusiasts today is Uniswap, a platform that allows users to swap ERC20 tokens. This platform offers various features and services that can increase user profit. But of course, the development of the DeFi protocol does not end here, DeFi can develop further, for example, like the KingSwap platform, which is a further and better evolution of Uniswap.

One King To Rule DEX

KingSwap is decentralized finance (DeFi) liquidity pool platform which is an evolution and better than Uniswap and Sushiswap. The solution provided by KingSwap is the ease and convenience of fiat and cryptocurrency conversion for users. KingSwap bridges the world of fiat and cryptocurrency.

On the other hand, KingSwap is paying attention to crypto enthusiasts by building a decentralized exchange platform that brings some new Blockchain community-oriented features to the core design of Uniswap, which provides a real-time user-friendly advantage in terms of price curves and contributor rewards.

The KingSwap protocol is designed in such a way by a professional team, which offers aligned incentives for each participant who joins by introducing strategies such as pool rewards & network effects. This way users can experience real benefits in participating in the network or pool.

KingSwap Features

Convert Tokens to Fiat Currencies: KingSwap allows users to easily convert their tokens to fiat currencies through its "off-ramp fiat conversions" feature. This feature allows users to easily switch their $ KING to FIAT currencies.
Legal: Unlike other DAOs that do not have clear legal support, KingSwap is a platform that pays attention to user convenience. Therefore KingSwap has a legal structure that will provide legitimacy and a reliable regulator that will support the KingSwap team.
Liquidity: Every time a user participates in providing liquidity into the pool, the user will be entitled to a $ KING token, which allows the user to get a portion of the protocol's fee.
Get rewarded: Every participant such as swapper and liquidity providers will be entitled to a reward for their loyalty. Rewards can be in the form of 0% card transaction fees, higher interest and merchant benefits like FREE Netflix, Spotify accounts and exclusive members access to worldwide airport lounges, and many others.
UI Interface: The KingSwap platform has a beginner-friendly interface and is almost similar to UniSwap and SushiSwap. So if users have previously used UniSwap or SushiSwap, they will be familiar with the KingSwap interface.

KingSwap Token

This is a token intended for High Yield Staking LP. This token will be a reward for participants who take part in liquidity mining. Users can use this token for various purposes such as conversion to fiat, participating in the ecosystem, exchanging goods or services, or others.

Early Adopters Advantage

KingSwap provides NTFs tokens for early adopters. NTFs tokens are non-fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms. KingSwap provides 3 Tiers of NFTs including, King Tier, Queen Tier, and Knight Tier, each of which has its benefits.

KingSwap will also distribute 10 million $ KING Airdrop for all LPs and NFT holders who stake their tokens in liquidity pools on the selected date.

Kingswap Smart-contract

KingSwap has a smart contract which is named "The Royal Decree" which is intended to facilitate and secure every transaction processed on the platform. The public can view available smart contracts at the following link https://github.com/KingLuigy/KingSwap_NFT

In Conclusion

Many Decentralized Exchange platforms are operating on the market today that use the DeFi protocol, but most of them haven't been able to maximize the "power" of the DeFi protocol. KingSwap is a fork of UniSwap which will challenge the abilities of Sushiswap and Uniswap! KingSwap will provide new features that are not yet available on Sushiswap and Uniswap. KingSwap will maximize the DeFi protocol and become a better Decentralized Exchange platform compared to Sushiswap and Uniswap so that many participating parties can feel the impact of the "real" DeFi protocol.