KINGSWAP: The King of the swapping different kinds of assets and the pioneer of rewards producing NFT for the users and liquidity providers globally

frankydoodle (59)in #kingswap • 4 years ago

Good morning to all of us here in the crypto industry and crypto enthusiasts this is your friendly blogger Mr. Decentralized and once again, I am here to give you updates on what are the latest projects that have amazing features and use-cases and improvements as we go along our cryptocurrency journey. 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.

What is KINGSWAP?

---> Kingswap, as per my research about their vision-mission, tech and their explanation on their live on Facebook, Kingswap is the next revolutionary automated market maker or AMM that makes the Defi or Decentralized Finance more liquid and gives a more rewarding platform for liquidity providers and to all the token holders of $KING. Kingswap is a combination of robust technology advancements than what we have known as Uniswap. The Kingswap platform improved and added additional features wherein Uniswap has none. I will enumerate the features of Kingswap and why this is the best for AMM compared to the old ones in AMM platforms.

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

---> Staking 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!

Presale of KINGSWAP NFTs

Alright, so for the next one, let us talk about one of the hottest NFTs in the Rarible market and even in the entire DEFI community. The KINGSWAP NFTs!

Let me show you guys the 3 tiers of NFTs as of the moment and how buying one can benefit you in the longer term. Let me show you a screenshot of the NFTs for presale first and I will explain it one-by-one:

Source: KingSwap NFTs

A. KingVamp

---> This is the Kingswap's front for the NFT community lovers. This is not an ordinary NFT unlike others. This King NFT tier will give you guys a 60% share from the 10,000 rewards per block! And also, this NFT will give you exclusive top-tier rewards from Kingswap community if ever they have partners with other projects that will integrate with Kingswap. The King NFT is worth 10 ETH. I am telling you guys, this NFT is worth it! For sure! It is rare and can even go higher price the moment you saw the benefits of holding this NFT.

B. QueenSparkle

---> This is the mid-tier one for the Kingswap community. This one costs about 2 ETH and it gets about 30% share from the 10,000 rewards per block rewards and also will be eligible for other airdrops that are valuable on the Kingswap platform as well!

C. Knight Lancelot

---> This is the 3rd tier of NFT from Kingswap. This NFT costs about 0.2 ETH and has a 10% share on the total rewards and the upcoming other airdrops to the NFT holders. It is still better to hold this and buy some than having nothing! I am telling you guys that Kingswap will be the next big thing in the AMM industry and cryptocurrency trading platforms.

How to buy these Kingswap NFTs? Here is a video about it from our Kingswap Mage and Priest: Amanda and Emelia

ROADMAP

Alright guys, now let me show you the goals and milestones that the Kingswap team is about to achieve in the near future.

Here is the screenshot:

Source: KingSwap DeFi

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. To see it visually on what will happen with Kingswap upgrade, here is a good video:

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!

KINGSWAP's BIGTIME ROYAL TEAM

The Kingswap's Royal Advisors

To summarize and give you my preview and why I am excited for Kingswap is this. Kingswap is enhancing the features and user-interface for different people and making the DEFI easy to understand and easy to begin with even with a beginner. Aside from being user-friendly, the Kingswap platform takes it to the next level with their NFTs and those NFTs has valuable propositions for the community in DEFI. With that said, I know that this project will boost up the liquidity of different projects and will be a global dominance in terms of decentralized exchanges and swapping capability. For more information and to know more about the Kingswap ecosystem, you may visit their website and social media channels which I will post it here:

Website: https://kingswap.io/

Twitter: https://twitter.com/Defi_KingSwap/

Discord: https://discord.com/invite/fD2DrJY

Github: https://github.com/KingLuigy/KingSwap_NFT

Linkedin: https://www.linkedin.com/company/kingswap/

Telegram: https://t.me/kingswap

Facebook: https://web.facebook.com/thekingswap/

Thank you again for reading this blog post article about Kingswap! More power to the Kingswap team as well!