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Kingswap : A Better Solution than Uniswap

Marites Cabanilla
6 min readOct 25, 2020

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From blockchain comes DeFi. In the past few days, we have seen DeFi projects emerging after another. These projects have gained strong support from the crypto market. Why? DeFi aims to remove intermediaries to provide the world with a global financial system. It offers a solution to any of its users. The total number of DeFi users is now almost 600,000 and the number is growing rapidly every day.

One of the most successful DeFi so far is Uniswap. It provides a one-stop-shop for exchanging any ERC token in just one click. No need for KYC, custody, and you don’t have to worry about phishing. But technology evolves together with innovation. A better option than Uniswap has entered the crypto market. Kingswap is another addition to the growing numbers of DeFi projects. But what makes it better than the rest? It provides better service as compared to the existing Uniswap.

Kingswap is the newest liquidity pool platform like Uniswap. But what makes it better than the latter? Kingswap has added a blockchain community-oriented feature to Uniswap’s core. Meaning Kingswap is an evolution of Uniswap. It also offers user-friendly real-time benefits in price curves and contributor rewards. It also offers an alignment of incentives for users through pool rewards and network effects.

Why Choose Kingswap?

You might be asking yourself, why would I choose Kingswap when it’s just new? Here are the benefits you will enjoy by using Kingswap.

  • A legal entity

With scams happening everywhere in the crypto, it is very important that you will only deal with legitimate companies. So comes the issue of whether a company is legal or not. Yes, Kingswap is a legal entity. It comes with a credible team that has complied with regulations. So users of Kingswap can be worry-free knowing that their assets are safe. This is while enjoying the benefits of DEX (decentralized exchange).

  • Easier conversion of tokens to fiat currencies

Conversion of crypto to fiat is a massive challenge when using DEX. But this was resolved using Kingswap’s all-in-one platform that offers off-ramp conversions. Now conversion of your $KING to FIAT currencies was made easier. You can even load it to your Visa and Unionpay networks whichever you prefer.

  • You give and you take…your share of the loot

When you give, then you will receive it. This is basically true with Kingwap’s platform. When you provide liquidity into the pool, then you will earn rewards in $KING. Yet, your will $KING continues to earn revenue from the protocol’s fee even if you do not join in the liquidity provision. As long as your $KING is in your wallet, you will continue earning. Kingswap offers 10,000 $KING Rewards per Block for early adopters and liquidity providers (LPs).

Kingswap charges $0.25 for transaction fees for swappers. This is way cheaper by $0.05 compared to Uniswap. From the transaction fees, liquidity providers directly receive $0.20, and the remaining $0.05 is converted to KING and will be equally distributed to LPs. LPs also have a chance to receive 10,000 $KING as a reward for block mined.

  • Loyalty reward

Have you been loyal to anyone? If yes, did you receive any reward in return? The answer can be a yes or a no. But with Kingswap, staying loyal translates to rewards. Yes. You have the chance to receive 10 million $KING. You just need to provide liquidity or swap at a given period of time. This is to be able to extract maximum swappers and liquidity providers.

Do you want more? We still have a load of perks waiting for you. You can also enjoy 0% transaction fees at a higher tier, higher interest, free Netflix, Spotify accounts, and exclusive members access to worldwide airport lounges, and global working space when you stake with Kingswap.

New features and tools were added to Kingswap to make it more effective than just a fork. Now, how can someone trade without a third party? Kingswap works on a model that provides a decentralized pricing mechanism making it a third-party unnecessary. How is this possible? Let’s take a closer look at $KING, Nonfungible Tokens (NFTs), Liquidity Migration, and their security to understand it more.

What is $KING?

$KING is used as rewards for High Yield Staking LP Token Model also known as “ earning tributes”. These tokens are given as rewards for liquidity mining. It gives access to holders to participate in the ecosystem and also earn benefits and enjoy perks. Holders can also use it as a medium. Goods and services can be bought or exchanged for other currencies from LPs.

How is $KING distribution takes place?

Any existing user of Uniswap who would like to invest or earn tributes should seriously consider Kingswap too. Why? Kingswap has made the token distribution adaptable to existing Uniswap users for smooth migration to their protocol. So why not switch to Kingswap now? Any Uniswap and Sushiswap LPs who would switch to Kingswap will immediately start earning tokens and rewards. $KING will be equally distributed to LPs who supported the liquidity pool and also for LP ‘tribute farming’.

What are KingSwap NFTs?

Early adopters and supporters will have the chance to be the first to own KingSwap NFTs. There are 3 tiers of Kingswap NFTs namely the King, Queen, and Knight. Price starts at 0.2, 2, and 10 ETH. These will be used as exclusive entries for the reward pools of $KING. Other hosts of rewards and privileges will be announced in time.

Reward for For all NFT holders and liquidity providers

Are you overwhelmed with all the perks offered by Kingswap? Let’s add some more. A Secret 10 million $KING Airdrop open for all LPs and NFT holders who have joined in the tokens staking in the liquidity pool. The mechanics are very simple. The providers just need to stay for a minimum period of time within a selected date range. Means LPs need to stay until the airdrop ends.

Smooth Liquidity Migration

One of the best features of Kingswap is its Liquidity Migration protocol. Why? With Kingswap being a fork of Uniswap, all liquidity tokens staked in Kingswap will be migrated once they reach 100,000 blocks. During the process, your KINGS can be redeemed on Uniswap and new liquidity pools will be created for those tokens. It will be the same as those redeemed but with additional tributes that will be distributed to $KING holders. After the successful migration, the converted tokens will serve as fuel for the first set of Kingswap liquidity pools. LPs can now relax and watch their rewards coming in.

Protection and Security

Providing protection and security for users across all projects. And Kingswap has implemented strategies for sustainability and security audits for this project. A certain amount will be allocated for future setbacks and implementation of governance proposals.

With recent incidents of a security breach happening in the crypto world, Kingswap is working hard to eliminate any potential threat or risks in the future. They have made sure that all the glitches like bugs and security threats were resolved before launching the project. A budget was also set to pay all bills for security audits. They will be giving updates on the details of their security audit through their Telegram and Discord community.

Kingswap Smart Contracts

Kingswap’s smart protocols are intended to digitally facilitate, secure, and verify the contract’s performance. Their smart contracts are available in GitHub with Gravitas International license. All contracts have reasonable coverage.

After careful considerations of Kingswap structure, surely it’s going to be a big hit. It can even become bigger than Uniswap. Surely, another DeFi project we should all watch out for. Don’t be left behind. Join the staking now and enjoy a load of perks and rewards.

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Marites Cabanilla
Marites Cabanilla

Written by Marites Cabanilla

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