KingSwap — a legal entity!
With great power comes great responsibility. Everyone can recite this phrase but not just anyone can actually walk the talk. Most DeFi projects lack a legal structure which is a real cause for concern as we’ve seen founders flee soon after launching projects. KingSwap provides legitimacy with a credible team that’s backed by compliance with the laws of a strong regulator. Users of KingSwap will enjoy the benefits of DEX while keeping the project (a regulated entity) that issues your hard-earned $KING accountable.
Convert your tokens to fiat currencies and usage
One of the hassles of DEXes is their inability to seamlessly convert cryptocurrencies to FIAT. With our integrated OTC portal, our all-in-one platform offers off-ramp FIAT conversions to easily switch your $KING to FIAT currencies.
Alternatively, if you’re more of a cashless payment kind of person, you can choose to load it into our exclusive King card through which we offer off-ramp fiat conversions with debit cards that are on both Visa and Unionpay networks.
Your share of the loot… multiplied!
When you provide liquidity into the pool, you earn rewards in $KING. Similar to SushiSwap, your $KING will continue to earn a portion of the protocol’s fee, even if you decide not to participate in liquidity provision.
With KingSwap, 10,000 $KING Rewards per Block are awarded to early adopters and liquidity providers (LPs).
When you contribute to the liquidity pool and stay there longer, you earn $KING. In the UniSwap protocol, 0.3% of all trading fees in any pool are proportionately distributed to the pool’s LPs. KingSwap believes that since the swappers are the ones that provide the revenues, they should be incentivized by cheaper transaction fees of 0.25% instead.
Our token and liquidity pool design gives 0.2% directly to the active LPs, while the remaining 0.05% gets converted back to KING, which are distributed to the LPs. There is also a huge rewards pool that rewards LPs from the 10,000 $KING per block mined!
- Pledge your allegiance and get rewarded
Who doesn’t love free tokens? Secret airdrops worth up to 10 million $KING have been planned after the launch of KingSwap. To qualify, you will need to provide liquidity or engage in a swap within a selected date. The idea behind this is to extract maximum swappers and liquidity providers.
Stay with us and continue living like a King! At higher tiers. enjoy 0% card transaction fees, higher interest and merchant benefits like FREE Netflix, Spotify accounts and exclusive members access to worldwide airport lounges and global co-working spaces when you stake your $KING with us.
KingSwap Website: Kingswap.io
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* This article was originally published here
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