Hi friends, this time I will provide information about a very interesting project for you to know about a new cryptocurrency called KapeSwap. Before going to the discussion, I think we all agree that blockchain technology still needs efforts to encourage adoption so that it continues to grow and continue to develop in the future. So for that, let's look at the brief review of the KapeSwap project below.
Yield farmimg is the demonstration of stamping or advancing crypto assets to create uncommon yields or grants as extra computerized cash. This creative yet dangerous and erratic utilization of decentralized finance(DeFi) has take off in pervasiveness actually because of extra progressions like liquidity mining. Yield farming is at present the best advancement driver of the still-early DeFi region.
To lay it out simply, yield farming shows help liquidity providers (LP) to stake or get their crypto assets in a canny agreement based liquidity pool. These inspirations can be a degree of trade charges, premium from banks or an organization token. These benefits are imparted as a yearly rate yield (APY). As more monetary patrons add resources for the associated liquidity pool, the value of the gave returns decrease suitably.
About KapeSwap
KapeSwap is the First modified liquidity getting yield property and AMM decentralized exchange running on KuCoin Community Chain with piles of astounding and imaginative components that let you get and win.
Features
- Automatic Liquidity: Each transfer of KAPE must pay a 5% transfer tax. The 4% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously. And the liquidity will be locked and inaccessible. With time this auto liquidity feature will be used to generate liquidity for other major pairs too, not just for KAPE. For now the contract is set to generate automatic liquidity for only the KAPE-KCS Liquidity Pool.
- Automated Burning: As we have mentioned above, each transfer of KAPE must pay a 5% transfer tax. The 4% transfer tax will be allocated to Automatic liquidity acquisition. And the rest 1% transfer tax will be burned immediately. The whole process is automatic.
- Anti Whale: Transfer more than 0.5% of the total supply will be rejected. As the total supply grows, this ratio will be adjusted to match the circulating supply.
- Low fees: Why pay more? KapeSwap runs on KuCoin Community Chain, a blockchain with much lower transaction costs than Ethereum, Bitcoin or even BSC. Our Smart Contracts are well optimized to ensure that trading fees are lower than other decentralized exchanges too, so that's a double win for you!
Decentralized. - Trade directly from your wallet app: Unlike centralized exchanges like KuCoin or Binance, KapeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:
Website : https://kapeswap.finance/
Medium : https://kapeswap.medium.com/
Twitter : https://twitter.com/kapeswap
Telegram : https://t.me/KapeSwap
GitHub : https://github.com/kapeswap
Username: Bidadari_surga
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1011291
KKC Wallet: 0xBd706dD25c38c5502DbB2B254bFA6bbD54b8F8d3