Review KingSwap - King of DeFi DEX Extending the Frontiers

 

Decentralized exchanges (DEXes) are a prominent application within the DeFi space, and play significant role in actualizing a truly decentralized blockchain universe. True DEXes enable users to trade tokens in a decentralized, anonymous and noncustodial way. Prior to 2018 when Uniswap V1 was launched, existing DEXes were struggling to be popular and useful until Uniswap came to the scene.

The advent of Uniswap is epochal in the blockchain ecosystem as it largely solved the low liquidity problem common to DEX with its innovative automatic market maker (AMM) protocol. This solution enables users to trade or swap tokens with smart contract rather than with other traders. This feature became an attractive tool for various DeFi crypto projects to harness, which thus cemented Uniswap's status as one of the leading DeFi protocols. Today, the volume of transactions done on Uniswap rivals that of top centralized exchanges. The success of Uniswap has led to the birth of other similar protocols such as Sushiswap, Pancakeswap but with very little improvements.

The DeFi industry is constantly undergoing evolution, so it is time to move past the age of Uniswap and upgrade the foundational protocol to a new phase that meets the fast paced demand of DeFi and its users.

There are still rooms for improvements in the. AMM DeFi protocol. Answering to this call for advancement of Uniswap is KingSwap.

Today, I am going to discuss a Kingly project as its name implies, Kingswap! I will tell you and explain its features, advantages, and as to why this is the pioneer for the DEFI pools and other DEFI perks. This blog will help you with that. Let's start from the introduction of KINGSWAP and its vision and mission:

I/What is KINGSWAP?

---> KingSwap is the latest innovative DeFi DEX protocol with improved features superior to Uniswap solution. KingSwap leverages Uniswap protocol and builds on it adding extra features that makes DEX protocol more efficient, valuable and attractive to users. By providing off-ramp fiat conversion, lucrative yield and staking rewards, and non-fungible tokens (NFTs), KingSwap elevates the game beyond the past and present, into a new future of open finance.

As an AMM protocol, KingSwap automatically creates a liquidity pool of listed tokens which are traded by smart contracts (liquidity pools) and not an order book as obtained on earlier DEX (like Etherdelta or centralized exchanges. This way, users can easily swap one ERC-20 token for another without any trusted party, KYC or token custody.

KingSwap is built as an upgrade to Uniswap with the addition of new attractive features that further align with the priorities of the blockchain community, especially pertaining to autonomous community governance and incentivization. With the introduction of King token, the proprietary token of the platform, KingSwap offers additional liquidity and opens new opportunities to liquidity providers and stakers to earn more rewards. Early LPs on the KingSwap platform benefit from various secret airdrops apart from a colossal

The accumulated benefits of this new incentive program can potentially revolutionize the DeFi industry.

II/ Features and competitive advantages of KINGSWAP

1. Ultra-High Yield 10,000 rewards per block

In this type of market-making platform, only Kingswap has their $KING tokens to be deployed at a rate of 10,000 rewards per block. When we say per block, it is the blocks that are being verified and the transactions that are being mined by the validators in the blockchain particularly in the Kingswap liquidity pools. All are being recorded. Those transactions, swapping, real-time oracle pricing, rewards per block, and who has the most active trading pairs being traded in the Kingswap platform.

Just imagine guys, there will be 10,000 rewards per block that will be verified on the Kingswap platform. Talk about being generous for the community right? That is how big time is the Kingswap platform. Perfect for a king! Of course, the higher your liquidity being provided in the platform, the higher will be your rewards as well. That is how liquidity rewards work in Kingswap.

2. Rarely unique design of the KING tokenomics

The Kingswap token and its ecosystem is designed to give the best rewards to those who are providing liquidity and how the Kingswap token can also be used for swapping to different kinds of cryptocurrencies or even swap to other crypto to buy KINGSWAP NFTs! The KING tokens in the near future, I predict that it could be the governance tokens of the Kingswap ecosystem as well!

3.Staking rewards that can be found only on Kingswap

KING tokens is no joke. Other cryptocurrencies have staking mechanism as well but will earn you peanuts. Unlike with KING tokens, once you have staked the KING Tokens and HODL it for a longer time, the algorithm of the Kingswap platform will reward you more for the longer the stake and the larger the stake you have. Aside from that, they do have additional incentives for being a staker on the platform and being a liquidity provider at the same time.

4. Built-in Crypto-to-Fiat conversion with Debit card for KING token ecosystem

This one for sure is not being seen in other DEXes and other AMMs. Only Kingswap! When we say crypto-to-fiat conversion, you do not need to transfer it to a licensed and regulated by your central bank to where you are living. Example, as an American, you need Coinbase. Then from Coinbase to your bank account. That is 2 ways before you go and get your money. What Kingswap is doing here is that there is a built-in off-ramping of FIAT conversions for you. Therefore, no need to go somewhere just to convert those crypto. Kingswap got it all for you! They will also be the one to have the debit card. Therefore, it is A VISA and Union Pay as I saw it in their video as well. Amazing!

5. Legal and licensed professional team and company of Kingswap

If you are about to invest into something, or even join their ecosystem especially in crypto, you need to check always if it is legal in its operations in the country of origin and its subsidiaries. Aside from that, you also need to check the licenses of the company that will operate. I am happy to say that Kingswap guys has all of those legalities and different licenses to operate so you will be safe to earn and get to be a part of the Kingswap community more.

6. Cheaper transaction fees than other AMMs

Other automated market maker such as UNISWAP and like Balancer and CURVE costs more than 0.3% -0.5% transaction fee or liquidity provider fee compared to Kingswap's 0.25% liquidity provider fee! Therefore, you would be able to get more tokens when swapping compared to other platforms! Now that is a swapping platform and team with a heart.

7.Multiple liquidity pools and LP token yield farming pools

One of the videos that I found with the Kingswap community is that they will deploy many more liquidity trading pairs to have more choices especially to those who wanted to yield farm as well of KING tokens, they can migrate their Uniswap LP tokens to Kingswap platform and liquidity mine $KING tokens! That is amazing concept to make!

III/ What is KingSwap NFT?
A close watch of the DeFi ecosystem shows the emergence and popularity of a new class of digital set called NFT.

NFTs, Non-Fungible Tokens in full, are tokenized version of assets, digital or real-life. NFTs are unique, indivisible, and non-interchangeable with another. Developers are exploring the vast potential of NFTs in tokenization of various assets such as real estate, special in-game collections, art, precious stones, and so on.KingSwap NFT is a special crypto collectible that is designed to provide creative ways of participating in the blockchain digital economy and earn passive income via loyalty rewards issued by KingSwap project. Kingswap NFTs are in 3 tiers: King Camp, Queen Sparkle and Knight Lancelot, offering benefits (as loyalty rewards) in the form of KING token and future airdrops from projects launched via KingSwap DEX at 60%, 30% and 10% respectively.

You can purchase KingSwap NFTs by clicking on this link to be an early supporter and beneficiary of the loyalty reward.

IV/ Advantages of Using KingSwap DEX

Anonymous

All transactions, swap, token exchange, liquidity provision, on KingSwap exchange are completely anonymous. No need for user KYC or identification. The platform is non-custodial with no central authority.

Secure

The KingSwap protocol is as secure and decentralized as the Ethereum network. All transactions are done right from the user wallet connected to the platform. Similarly, Kingswap smart contracts are secure since it is a fork of Uniswap protocol.

Instant Access to New Tokens

On KingSwap, anyone can create a new token pool paired with ETH to generate liquidity for that pool. This way, KingSwap provides users with instant access to swap new tokens with ease and speed.

Regulated

KingSwap DeFi is the first DeFi DEX to be regulated, conforming to strict regulatory standards. Unlike several other crypto projects which are faceless and suffer from exit scams, KingSwap is led by a team of credible and notable individuals.

Low Transaction Fees

All it costs to use KingSwap is a small 0.25% fee per trade lower than the 0.3% transaction fee charged on Uniswap and Sushiswapl. This improvement will further aid and encourage trading on KingSwap.

Trustless

KingSwap is entirely trustless and permissionless. Users are in custody of their tokens and are at liberty to trade them directly with the available liquidity pools.

Hyper Yield Reward System

KingSwap provides a high-yield reward in different ways. Kingswap offers 10,000 KINGS token per block to be shared among LPS apart from sharing the transaction fees accrued from swappers. Also both LPs and NFT holders who stake their KINGS token for the stipulated minimum time benefit from multiple secret airdrops including additional KINGS token and tokens from other projects promoted on the platform.

Lucrative Staking and Yield Farming Incentives

KING token stakers enjoy several benefits, especially when the tokens are staked for a longer period. Yield farming is highly lucrative on KingSwap, offering huge rewards to farmers. Some of these incentives include high staking rewards, 0% King’s Card Transactions fee, and exclusive merchant benefits (free Spotify, and so on).

Off-Ramp Fiat Conversion

KingSwap also provides solutions for users to convert their tokens into fiat via the OTC portal using KingSwap VISA-issued debit cards. This way KingSwap DEX users can easily operate between both traditional and blockchain worlds.

V. ROADMAP

October 2020----> This is the stage of the presale of NFT tokens. This is presently being done at the time of this writing. So guys, please buy your limited edition NFT from Kingswap now! This is the month as well where the Kingswap launched and there is even a live event on Facebook from Block Tides here: KingSwap Facebook Live

November 2020 ---> This is when the liquidity migration will start for the Kingswap community. Wherein from Uniswap, they can transfer their LP tokens to Kingswap to earn more rewards and be incentivized as well. Aside from that, the Kingswap team will be launching their governance token for the Kingswap ecosystem which is as you know, you need to have $KingSwap tokens. If you were to ask me, what is governance tokens?

These tokens are being initially minted by the Kingswap team and these tokens will be the ones to be used for the voting of a proposal or initiating of a proposal for the community to have the project keep moving forward. The governance tokens can be used as voting rights as well by voting a 'yes' or a 'no' on the proposed changes for the ecosystem. There will come a time in the Kingswap ecosystem wherein the governance voting will be fully decentralized and all decisions will be made by the KING governance token holders.

LAYER 2 Upgrade introduction---> If you are into DEFI for quite some time now, you would be aware of the word 'Layers'. or layering upgrades. I am glad to tell you the news that Kingswap is the first swapping platform that will do the Layer 2 upgrade immediately! Amazing right? What is Layer 2? To summarize that, Layer 2 upgrade is when you take the transactions 'off-chain' to have more space for the layer 1 and not having too much gas fees to be charged. Aside from that, congestion will be lowered down with Layer 2 upgrades.

November 2020 to Q1 of 2021 Onwards---> As you can see on the screenshot, the Kingswap team has up their sleeves for KING token holders moving forward December of 2020, 1st quarter of 2021 onwards! As there will be exclusive deals and other types of rewards and airdrops incoming to those holding KingSwap Defi KING tokens and Kingswap NFTs!

VI/ KINGSWAP's bigtime royal team

VII/ The Kingswap's Royal Advisors

The conclusion

Large financial institutions and astute entrepreneurs are rushing to learn more about this exciting technology. However, if you also want to profit from this venture, one of the most important things you need to do is choose the best crypto exchange that is right.

KingSwap is the UniSwap branch that will challenge Sushiswap and Uniswap! KingSwap will provide new features which 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

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 :
Bitcointalk username: Lionxian
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2822678
ETH: 0x77004fB4261D0d3711328853D6E9Bc4B1CD94408