Lokum Finance allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn LKM, stake LKM to earn more LKM, and stake LKM to earn tokens of other projects.
What is a BEP 20 token?
BEP20 is a developer-friendly token standard that allows anyone to deploy fungible digital currencies or tokens on Binance Smart Chain. What's more, leading digital assets on other chains can be ported onto the Binance Smart Chain in the form of pegged BEP20 tokens.
Benefits of using BEP-20 Token
Crypto trading gets much more reliable with more transparency and less time spent on transactions. The observance of the markets gets easier because you get to review multiple processes easily with a single data structure. Lokum Finance allows you to have these benefits and make your journey more comfortable by using BEP 20 token running on the Binance Smart chain
Liquidity Pools and Liquidity Providers
Liquidity refers to how easily one asset can be converted into another asset, often a fiat currency, without affecting its market price. Before AMMs came into play, liquidity was a challenge for decentralized exchanges (DEXs) on Ethereum. As a new technology with a complicated interface, the number of buyers and sellers was small, which meant it was difficult to find enough people willing to trade on a regular basis. AMMs fix this problem of limited liquidity by creating liquidity pools and offering liquidity providers the incentive to supply these pools with assets. The more assets in a pool and the more liquidity the pool has, the easier trading becomes on decentralized exchanges.
Let’s see the Token details of Lokum Finance
Token details
● ChainTicker: LKM
● Token address: 0x1099e778846baa6aad3c6f26ad42419aa7f95103
● Chain: Binance Smart Chain (BEP-20)
Listing of Lokum Swap
● CoinGecko: Coming soon
● CoinMarketCap: Coming soon
● DappRadar: https://dappradar.com/binance-smart-chain/defi/lokum-finance
● Dapp : https://www.dapp.com/app/lokum-finance
● 0xtracker : https://0xtracker.app/
● Dex Guru: https://dex.guru/token/0x1099e778846baa6aad3c6f26ad42419aa7f95103
● Blockfolio: Coming soon
● Defistation: Coming soon
● BscScan: https://bscscan.com/token/0x1099e778846baa6aad3c6f26ad42419aa7f95103
● BSC_Price_BOT: Coming soon
How can you stake LKM?
You can stake your LKM on the "Pools" page by clicking on the little "+" sign after approving the contract, choose the amount you want to stake, and confirm.
What is staking?
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
How does staking crypto make money?
Stake Crypto Coins. Staking coins involves buying crypto and holding it in your wallet or on an exchange. Diversify Your Staking Portfolio. Sit Back and Earn Passive Income.
LokumFinance has a new technology with a great experienced team. I believe this project must be successful. The goal of the LokumFinance project is to bring trust and transparency to the blockchain and cryptocurrency space, a platform that provides trust for both the service provider and the purchaser of purchases. The project has a good foundation, transparency, a high level of security, and many other outstanding features. I am confident that the project will confidently attract large investors to participate. So you should support this project.
Official links for more update:
Website: https://lokum.finance
Dex: https://app.lokum.finance
DappRadar: https://dappradar.com/binance-smart-chain/defi/lokum-finance
Gitbook: https://docs.lokum.finance
Telegram: https://t.me/lokumswapfinance
Twitter: https://twitter.com/FinanceLokum
Farming starting block : https://bscscan.com/block/countdown/6358500
Medium : https://lokumswap-finance.medium.com/
Github : https://github.com/lokumswap
Author:
Bitcointalk Username: alisadoll
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2163464
BEP-20 Address: 0x95DE5b16D11f5250cC4E66A026b4b2F20EE9fe65