KINGSWAP: A DEFI DECENTRALIZED PLATFORM AND NFT

Yield Farming is the newest way to generate cryptocurrency with your crypto in the DeFi (decentralized finance) ecosystem by staking or locking cryptocurrency in exchange for prizes. The aim is to reduce the turnover of a particular token by encouraging owners to hold it. In general, this method is the same as borrowing money in a conventional bank system. But within the DeFi ecosystem, it’s adopted without intermediaries. The bank’s position as the control centre for these funds was replaced by smart contract technology in the blockchain protocol. Another name for Yield Farming is mining liquidity, where the main component consists of Liquidity Providers (LPs) and a Liquidity Pool. LPs are lenders who place their crypto assets into Liquidity Pools.

There are also technical risks involved with smart contracts. Many DeFi crypto project developers are built by small teams with limited budgets, so the protocol formation is not optimal, which can increase the risk of bugs in smart contract programming. When an audit is carried out and there is a leak, it can make user funds that have entered the protocol vulnerable and just disappear.
Actually, DeFi is a really brilliant idea, which is based on protocols that are integrated with one another. On the other hand, this concept makes the DeFi ecosystem very dependent on each of its constituent blocks, making it very prone to errors if there is interference on one side. If one building block does not function properly, this will disturb the entire ecosystem and damage it. So that it can pose a risk to LPs and the return that will be received.
These are the strong reasons that drive KingSwap to be the best evolution in DeFi.

ABOUT THIS KINGSWAP PLATFORM

This platform evolved from uniswap to improve on what both uniswap and sushiswap have been able to attain on the blockchain. It brings users to an ecosystem where they can have full credibility and get familiar with their digital assets. With this project, you can be proud to get quality protocol designs and also be into the full operation involving cryptocurrencies on the blockchain. The design of this platform brings sure credibility and efficiency in the services provided to users to add values to them.

The improvements in Kingswap as a very new Defi liquidity platform makes it an improved community so much that it offers Fiat use solution and conversions according to how it has been designed. It presents its friendly solutions in its network, making users access them and get rewards for being involved in it.

Kingswap now prides itself as an entity through which Decentralized finance can achieve total Decentralization through the protocol design and token issued to the users. Now the protocol of the platform is in line with the blockchain model and through it, there is plan in place for revenue sharing. The project however will carry out a liquidity pool migration event after it must have achieved migration into the governance.

KINGSWAP AS THE BEST CHOICE FOR CRYPTO USERS

Speaking of Kingswap, it is a legal entity that not be ban of affected by any form of constituted law. As a Defi platform, it now holds more responsibility and will retain this structure for a long time except there is need for improvement. The team provides a great backup to making it compliant and also making the $KING token spread so that so many can use it as payment and also officially accept it as a means of payments.

Your token however can be used for all types of operations and you can decide to use Fiat currency. One of the reason why Kingswap was improved to this platform is the limitation in the conversion of fiats especially. Now with Kingswap, you can definitely convert and use any cryptocurrency. Also, switching between currencies are very important.

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.

KINGSWAP ROADMAP

KINGSWAP TEAM

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Kingswap Advisors

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CONCLUSION

Cashless transactions are going to become possible from now on with this platform due to the new feature provided as the exclusive king card. That would involve the registration of your debit card or Visa card. When this is done, such user will benefit from the shared revenues all users will earn in form of $KING with which further liquidity can be impacted by the users. When you provide liquidity, you will earn an amount of $KING for such contribution. Those who would not be a contributor to the liquidity pool will also earn in Kingswap according to the provision of the token allocated to them.

Website: https://www.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

Author: syedrasool2020
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2278993