Kingswap New Defi Project Review

4 min readOct 31, 2020

Introduction

Defi is Decentralized Finance In Defi We Include Financial Systems Like Lending, Borrowing, Exchange, and Wallet. Nowadays we are using Advance Technology

In short Words, You can Say Defi is based on a smart contract No owner required, and it's run on a blockchain. It's mean We can Create Lending, Borrowing, Exchange, and wallet in decentralized finance

Advantage of Defi

P2P
NO Middle Man require
Less fees
Chances of hacking are less
No timing consummation
Available 24hours
Withdraw anytime

Before I introducing the project First You need to Learn the concept of yield Farming?

In shorts Words, You can say Earn Fixed or variable Interest by Investing Crypto in the Defi market

For Example, If you buy Ethereum and put it into a wallet we can not say its Yield Farming. But if you lending it and Provide liquidity and Earn some extra interest on it we can count is on yield farming

Suppose I have one wallet and I have USDT in it. I can extra income by putting in Defi market on uni swap by providing liquidity on it

Interest + Marketmaker fees

I can Withdraw Anytime

Now I am going to Introduce One of the anonymous Project His name is KingSwap

Kingswap is the newest Defi project and liquidity Pool. They are claiming they are better than Uniswap and SushiSwap

Notwithstanding offering exit ramp fiat money changing arrangements over to permit clients extraordinary comfort between the fiat and digital currency universes.

KingSwap has additionally included some new Blockchain people group arranged highlights to the Uniswap’s center plan, which will push the contribution to boom💥 and give easy to understand constant advantages regarding value bends and supporter rewards.

Our convention configuration offers to adjust motivating forces for the clients by presenting systems like pool rewards and organization impacts

KingSwap Features

Kingswap having many unique Features I am describing only a few

Ultra-High Yield 10,000 rewards Per Block
Unique King Tokenomics
Extensive Staking Rewards
OFF-RAMP FIAT CONVERSION WITH DEBIT CARD
Legal/Licence
Non-Fungible Token (NFT)

Before I discussing Kingswap NFT First of all Everyone need to understand the concept of NFT

What is NFT?

NFT is a non Fungible Token. It is a special type of cryptographic token which represents something unique, non Fungible Token. These token are cannot be exchanged able. Especially they are Erc721 Tokens If you want to check you can check Just click on it.NFTs are different from Fungible Tokens which are indistinguishable from one another.

For example, If you have a cryptographic token it cannot be exchangeable

Fungible Token

Fungible Token mean is something able to exchange. For example, You have Bitcoin you can exchange with bitcoin

Now I am going to Explaining You About Kingswap Non-Fungible token

Kingswap is offering three kinds of NFTs in PreSale

King Tier
Queen Tier
Knight Tier

King Tier

KingTier Is one of the best NFT his mining capacity is good as compared to others You can mine 10000 rewards per block during ultra-high yield APY period and top tier rewards from future platform rewards that are exclusive for early holders and Lps. If you want to buy a Price is 10Ethereum.

QueenTier

QueenTier Is the medium NFT his mining capacity is low as compared to KingTier You can mine the same amount 10000 rewards per block during ultra-high yield APY period and medium tier rewards from future platform rewards. But the main difference in mining speed.QueenTier mining is low as compared to KingTier. If you want to buy Price is 2Ethereum

Knight Tier

KnightTier Is the low NFT his mining capacity is low as compared to KingTier and QueenTier You can mine the same amount 10000 rewards per block during ultra-high yield APY period and medium tier rewards from future platform rewards. But the main difference in mining Speed. This NFT mining speed is very low. If you want to buy you can buy in just 0.15Ethereum.

Benefits of Buying NFT

If you buying NFT earlier you will get an early airdrop and If you buy early you can mine early and many more benefits the team will announce soon!

Conclusion

Kingswap is the newest Defi project and liquidity Pool. They are claiming they are better than Uniswap and SushiSwap.This project has huge potential it can be changed your life I can expect big returns from kingswap NFT. But First, Do your research must before investing. I am just sharing my point of view. I am not responsible for any kind of loss or profit Best of luck in the future!

For More Information You can Visit the following links

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

Author
Forum Username:Arslan519785
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1566451