KingSwap — The Fiat DEX and NFT King

Decentralized Exchange (DEX) has long been a work in progress before the emergence of one of the most important protocols in DeFi, UNISWAP. Uniswap is clearly one of the most important and the most discussed projects in the defi space. As it is, Uniswap is an Ethereum based protocol for decentralized exchange of tokens. It has so far play a huge role in the growth and development of the whole DeFi ecosystem. This article is based on something else; a bigger innovation, a more sophisticated technology than Uniswap. It is a more improved and better Uniswap. Developers are working earnestly to make DeFi a phenomenon in the cryptospace.
Another Phenomenal concept making wave in the crypto ecosystem is Non-Fungible Tokens (NFTs). NFTs are getting increasingly popular as they are distinctive in nature and can be used to tokenized practically anything. Looking at the dynamism of NFTs and their uniqueness from each other, they are the next big thing in blockchain implementation and application.
Having looked briefly at the DEX and NFT, we move on to KingSwap, a DeFi protocol that unify the concept of DEX and NFT into its own DeFi ecosystem for better output and efficiency of the overall DeFi Ecosystem. KingSwap is the next big phenomenon in the DeFi world and soon to be enthroned as the KING of DeFis. Can we get to know more about this protocol? Yes, let’s proceed.

KingSwap as a DEX
KingSwap is a newly launched decentralized finance liquidity pool platform based out of Singapore. It is built to improve and better many of the DeFi services offered by other protocols, in particular Uniswap. The unique features that distinguished KingSwap from other DeFi protocols;

• Regulated DeFi project: Where fiat is involved, standard monetary regulation must be deployed to avoid confrontation with governments or any incident of money laundering through the platform. KingSwap DeFi has taken a step further to regulate and position itself for the future of Decentralized Finance.
• Conversion between the fiat and cryptocurrency world: This is in particular an improvement on the existing DEX platforms. It is a not-so-popular feature that allows users to conveniently convert between fiat and cryptocurrency within the KingSwap DEX.
• Addition of blockchain community-oriented parameters to the Uniswap’s core design: The essence is to give users the best trading and swapping experience ever. The interface and design are in a way that focus on benefiting the users in terms of navigation, accessibility, pool rewards and network effects.
• Exclusive high reward pool with a massive 10,000 KINGS per block rewards rate.
• A decentralized pricing mechanism that efficiently smooths out third party and middleman depth.
• Impenetrable security and audit of security parameters. KingSwap is using top and best security tools to safeguard all assets from intruders.

KingSwap as NFTs
NFT is another great aspect of KingSwap ecosystem. As briefly discussed above, NFTs are gaining more traction in the cryptospace. Blockchain projects are harnessing the distinctive features of these collectibles for the growth and development of their individual platforms as seen in the case of KingSwap.

KingSwap’s NFT tiers
KingSwap is issuing three(3) NFT tiers which are the King Vamp, the Queen Sparkle, and the Knight Lancelot NFTs. Holders of any of the 3 NFTs will receive loyalty rewards inform of KING tokens and other project’s airdrops on a regular basis from Kingswap project. This makes KingSwap the first to offer NFTs that give owners access to exclusive airdrops and rewards. Just few days ago, KingSwap launched its first limited edition of NFTs for this year Halloween themed “Cryptoween Horror Knights,” which are KingWerewolf, QueenVamp, and Knight Mummy. Holders have access to exclusive airdrops at different levels including other benefits within the platform ecosystem. See table below for % share;

CONCLUSION
Founded by a team of experienced individuals in various field; finance, commerce and blockchain, KingSwap is a whole new concept combining two vibrant innovations together: DEX and NFT into a broad DeFi ecosystem. The focus is on exclusive high staking reward, fiat conversion and digital collectibles.

Useful Links:

KingSwap: https://KingSwap.io
Twitter: https://twitter.com/defi_kingswap
LinkedIn: https://www.linkedin.com/company/kingswap
Discord: https://discord.gg/pRnva3
Telegram group: https://t.me/kingswap
GitHub: https://github.com/KingLuigy/KingSwap

Author:

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