KINGSWAP: Regulated DEFI on Blockchain.

Analysis of KingSwap 

Evolution has been said to be necessary for the advancement of the human race. However, change is not only applicable to the development of the human race. Other aspects, such as cryptocurrency can also benefit immensely from a change.

This theory has been proven correct by KingSwap as it emerged as a better and advanced form of its predecessor, UniSwap. The change that manifested in the KingSwap token transcends beyond rebranding as the new platform comes with increased features to ensure that users of the platform have the time of their lives through numerous benefits.

Prominent among the changes effected in the new KingSwap platform is the total alteration of its structure with regards to the legal framework. Unlike its predecessor and some other DeFi platforms, KingSwap has neglected the conventional DAO structure and has adopted a token issuer system. This means that the platform now has all the legitimacy to run its blockchain and other DeFi businesses in the industry.

Also, KingSwap has infused a new system that ensures that users on the platform can aggregate their profits on the platform easily. The platform has also effected a change in its liquidity pool, an endeavor that has resulted in the alteration of the governance system of the platform.

What Makes KingSwap King?

While it is not the only platform in the decentralized finance (DeFi) world, the platform ranks as one of the best. This feat is achieved with the aid of some of its features which are explained below.

Legitimacy

If you have been a stakeholder in the DeFi world for some time now, you will understand that one of the pertinent issues in the industry is the absconding of masterminds. These masterminds are initiators of a cryptocurrency project who absconds after the initiation of the project. This issue usually leaves users and holders in a lurch as this means that they have invested in an abandoned project.

KingSwap promises to be different, and this is proven through its new legal framework, which makes the project legitimate.

Project Tokens and their Uses

KingSwap allows holders of its tokens ($KING) to use and convert them into acceptable legal tenders in their locations. With the aid of an OTC portal, the platform enables a seamless and easy conversion. The project also allows you to use a King Card, that functions like a debit card where you load your $KINGs for later use.

The KingSwap Working Principle

We cannot adequately discuss the working principle of the KingSwap project without understanding its token and distribution system.

The KjngSwap Token

The project’s token is known as $KING. It is gained in form of payment of mining activities and has the ability to maintain the presence of a holder in the project’s ecosystem and entitle them to several project perks.

The Distribution System

The project adopts a simplified mechanism that allows pre-existing liquidity pools in UniSwap to change lanes to the KingSwap system for the token’s distribution. This change thus allows liquidity pools to paid in the form of tokens ($KING). Also, you can get $KINGs through staking and yield farming.    

For more details visit the links below
https://kingswap.io/
https://www.linkedin.com/company/kingswap
https://twitter.com/defi_kingswap
https://github.com/KingLuigy/KingSwap
https://t.me/kingswap

Author: Dulo Wegner

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