KingSwap will launch Uniswap soon, holding NFT will have a chance to get airdrop
KingSwap, the first legally compliant DeFi project, received US$20 million in investment and announced the launch of Uniswap.
KingSwap's high-yield liquidity platform provides rich pledge rewards and digital collectibles.
KingSwap (www.kingswap.io), the first legally compliant DeFi project, introduced a liquid mining pool platform with fiat currency transactions and announced today that it has received an investment of 20 million US dollars. KingSwap will launch Uniswap trading at 00:08 on Saturday, October 31, 2020.
Venture Capital and crypto investors participated in KingSwap's angel round of financing, helping the project quickly surpass its 1,000 ETH soft cap, and received a total of $20 million in financing. KingSwap's investors include Plutus VC, Hashstreet VC, Alpha Sigma Capital, TradeCraft Capital and 7CC. KingSwap also sold its exclusive "Knight Token Knight" NFT, which provides holders with the opportunity to receive the upcoming $KING airdrop.
KingSwap's high-yield liquidity mining pool platform provides rich pledge rewards and digital collectibles. Its highly anticipated DeFi DEX has unique functions, including legal currency transactions and a legal structure to solve major deficiencies in the DeFi field. KingSwap is an optimized version of Uniswap that provides friendly features that reflect real-time revenue benefits in terms of price and contributor rewards. KingSwap's NFT provides its holders with loyalty rewards from the issued $KING tokens. The project also recently released a limited edition NFT with Halloween as the theme.
KingSwap consultant Malcolm Tan said: "At KingSwap, we are committed to putting user experience first and operating correctly as a DeFi project that strictly follows legal compliance." "Early support for the project shows that we are helping to fill the current situation. Gaps in the DEX market. We hope to introduce KingSwap to more fans by launching Uniswap."
In addition to launching a liquidity mining pool this week, KingSwap also added three new members to its advisory board: Green Candle X CEO Dr. Christian Rio, venture capitalist Dr. Giampaolo Parigi, and Faculty and Co-UCLA blockchain founder Alex Nascimento professor. These advisors work with the globally recognized cryptocurrency pioneers on the KingSwap advisory board, including Michael Terpin, Lioenl Iruk, Esq. , Dr. Robert Choi et al.
"As scams in the DeFi field become more and more common, the emergence of KingSwap is undoubtedly a clear stream. The project has a well-known technical team and audited smart contracts. I think KingSwap will become the leading DEX in the near future." KingSwap Consultant Michael Terpin said.
KingSwap will regularly host an AMA on the English Telegram group, and will host an online press conference on Friday, October 30. For more information, please join Telegram on KingSwap or follow the project on Twitter.
About KingSwap
KingSwap (www.kingswap.io) is a DeFi project that was established in Singapore and introduced a liquid mining pool platform with fiat currency transactions. Its high-yield liquidity mining pool platform provides rich pledge rewards, legal currency transactions and digital collectibles.
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KingSwap received more than 20 million US dollars of investment, exceeding the expected soft cap
Venture capitalists and cryptocurrency heavyweights promised to provide more than 20 million U.S. dollars in liquidity support, which made the funds far exceed the project's expected soft cap of 1,000 ETH.
The release and public sale of the highly anticipated latest DeFi DEX KingSwap will start on October 30th. KingSwap is well known in the DeFi field and deserves attention. Since the announcement of the project’s intention to "top the DEX throne", in only four weeks, the market for $KING has continued to rise and received overwhelming support. The early LP has exceeded its 1,000 ETH soft cap limit, and The community is eagerly looking forward to the public sale. Venture capital companies supporting the KingSwap project include Plutus VC, Hashstreet VC, Alpha Sigma Capital, TradeCraft Capital and 7CC.
Top encryption media Mars Finance and Transform Group also supports the plan. As the demand for early liquidity preparation is still huge, the second round of limited partnership funds will be opened this week and will end before the official launch on October 30, 2020. KingSwap's original Halloween NFT was quickly sold out, and the limited-edition Knight Token has been sold out 4 times.
With unique features such as over-the-counter fiat currency transactions and a legal framework that solves the main deficiencies in the DeFi field, it is no wonder that leading financial technology giants and Crypto VC quickly established themselves with the platform. In the private placement of KingSwap token sales, venture capitalists and cryptocurrency heavyweights have promised to provide liquidity support worth more than 20 million U.S. dollars, which makes the funds far exceed the project's moderate soft cap of 1,000 ETH.
World-renowned cryptocurrency pioneers and thought leaders, including Michael Terpin, Lionel Iruk Esq. , Dr. Robert Choi, Dr. Christian Rio, Dr. Giampaolo Parigi and Prof. Alex Nascimento have pledged to support KingSwap and $KING. Tokens
"KingSwap will provide innovative AMM and liquidity mining and layer 2 and layer 3 implementation solutions in the near future to solve some of the key challenges in the DeFi field"-Dr. CTO Anish Mohammed.
"KingSwap has the potential to become the king of DeFi's DEX, with important hybrid functions, such as the legally and compliant issuance of tokens regulated by Singapore and the upcoming OTC legal currency transaction, which will bring mainstream currency transaction demand to this emerging field"- Lionel Iruk, Esq.
"With so many scams and large amounts of liquidity pouring into this fast-growing DeFi field, KingSwap, with its well-known technical team and audited smart contracts, is a clear stream in the industry and may become a leader in the foreseeable future. DEX. In recent years, the core of the traditional financial world has been shaken, and such projects are needed to formulate and implement a roadmap to financial inclusion and feasibility"-Dr. Giampaolo Parigi
Although NFT is new to the DeFi field, its explosive speed is growing. KingSwap provides users with exclusive NFT as a value-added service to further differentiate it from other DEX. KingVamp-King, Queen Sparkle-Queen and Knight Lancelot-Knight NFT allow users to obtain loyalty rewards from the issued $KING tokens.
Michael Terpin said, "KingSwap has demonstrated the profitability of NFT through platforms such as OpenSea and Rarible. Artists are creating content that can be sold through the NFT market, creating new sources of income. This earliest profitability shows The huge potential of KingSwap grows as more people understand the value of NFT. The DeFi project released NFT for the first time, providing rewards for holders and supporters, and taking NFT to another level in this fast-growing industry.
About KingSwap
KingSwap is the latest DeFi liquidity mining pool platform, which is an upgrade and improvement of UniSwap. In addition to providing over-the-counter fiat currency trading solutions, KingSwap has also added some community-oriented new blockchain features to the core design of UniSwap, which will help provide friendly real-time benefits in terms of price and contributor rewards.
KingSwap is a project operated by a legal and corporate entity with a license, not a fully decentralized DAO. KingSwap's protocol design adjusts the incentive mechanism, liquidity mining and network effects for users through advanced AMM. After the migration of the liquidity mining pool, governance will also be migrated to the KingSwap official website.
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