KingSwap — a fully decentralized financial protocol for the automatic provision of liquidity on Ethereum.
Contents:
Description of the Kingswap project
King Swap — the latest Decentralized Finance (DeFi) liquidity pool platform and is an enhanced version of UniSwap. KingSwap has also added some new blockchain-focused features to the core design of Uniswap to help to advance the technology and provide real-time user-friendly benefits.
King Swap works with a model that includes liquidity providers, creating liquidity pools. This model provides a decentralized pricing mechanism that effectively flattens the depth of the third party. King tokens are developed on the basis of the highly profitable Staking LP Token model, which are issued as a reward for mining liquidity. The token allows its holders to participate and stay in the governance of the platform longer and even entitles them to rewards.
Some features:
| 1 | Any King token holder can be a liquidity provider in the respective pool list. |
| 2 | Once they put these tokens on the line, they will start earning tokens and rewards at a huge reward rate of 10,000 tokens per block. |
| 3 | King tokens per block will be distributed, according to a smart contract, and will greatly benefit the liquidity providers of the supported pool. |
The creators of the project designed the token distribution mechanics in such a way that existing Uniswap and other compatible liquidity providers can adapt to the protocol easily. 0.2% goes directly to active liquidity providers, while the remaining 0.05% is converted back to KING via the platform and distributed to KING token holders.
Additional information
The site has a WhitePaper document. With its help, you can familiarize yourself in more detail with the features of the project, as well as the rules of work. The community maintains a blog on the Medium platform, where articles are regularly published.
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