Introduction
Since last year, the term “DeFi” has become a hot topic not only among blockchain industry actors but also financial industry players in general. DeFi also has several other terms, among them "Finance 3.0", "open finance", or "affordable finance". DeFi can be interpreted as a financial system developed or running on a decentralized blockchain network system. Here, DeFi tries to 'move' various traditional financial services (CeFi), such as lending (lend, borrow, loan), trade, saving, transfer, insurance, remittances, etc. to run on a decentralized blockchain network system as one DLT (Distributed Ledger Technology) solution. Simply put, DeFi is an open financial system without intermediaries, which has been used successfully in crypto asset transactions.
With DeFi, crypto assets can be traded, transferred, traded, or used for other financial activities efficiently, safely, and concisely. There are still other simple explanations from DeFi that you might understand better. Here DeFi removes the CeFi components (lend, borrow, etc.) and decentralizes these components by eliminating intermediaries (middlemen, third parties) and replacing them with two main DeFi components, namely smart contracts and tokens.
In the world of crypto assets, a smart contract is an application or program that runs on a blockchain network (distributed computing system), while a crypto token is a type of crypto asset that represents a particular asset or use on the blockchain.
About KingSwap
KingSwap (https://www.kingswap.io/) is a regulated DeFi project based out of Singapore that is introducing a liquidity pool platform with fiat conversions. KingSwap’s high-yield liquidity platform offers extensive staking rewards and digital collectibles. The project is based on Uniswap and set to launch in October 2020.
KingSwap is a new and exciting Decentralized Digital Exchange that challenges the competitive models and protocols of an already successful DeFi protocol – UniSwap. KingSwap is a fork of UniSwap with some new features and the key difference being autonomous community governance.
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 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
No More "Fishy" Smart-Contract Code!
A few weeks before as we know some news about "Backdoor" Code on the smart contract on one of the DeFi platforms, it was Unicat, which is harm to the community. KingSwap Source Code can be seen by everyone here https://github.com/KingLuigy/KingSwap_NFT, It has been audited by trusted parties and of course provides security for its users beside that no more Backdoor code that trick the community!
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.
King Token NFTs Presale
For more information, please contact [email protected]
Roadmap
#KingSwap #DeFi $KING #Staking #Crypto #Yieldfarming #Blockchain
MORE INFORMATION
KingSwap Website: https://www.kingswap.io/
Discord: https://discord.gg/fD2DrJY
Telegram group: https://t.me/kingswap
Twitter: https://twitter.com/defi_kingswap
GitHub: https://github.com/KingLuigy/KingSwap
Youtube: https://youtube.com/channel/UCAHiU9LLE3cDauSfTWIB97Q
Reddit: https://www.reddit.com/user/Defi_KingSwap
Instagram: https://www.instagram.com/defi_kingswap
Facebook: https://www.facebook.com/King-Swap-112444093946760
Linkedin: https://www.linkedin.com/company/kingswap
Author : yusuf ganteng
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2076429
ETH wallet : 0x9577940e51519bcf585e2848A03b4a85312B23CB
Telegram : @yusufganteng