Who doesn’t get free KingSwap benefit DeFi technology and Yield Farming become easier ?
Hi for this time I will introduce one of the latest cryptocurrency asset technologies, of course there are many benefits for us in today’s digital age, the asset named KingSwap.
What is it KingSwap and what are the benefits for us?
Let us dig deeper, because what I have recommended I have looked for info and through, this project will succeed. Ok check this out.
KingSwap is a The next generation of blockchain DeFi technology-based digital asset project.
Do you all already know what blockchain is?
i will explain before this, we just go to the main topic. KingSwap is very unique, they developed a project is next-generation online community management, social networking and marketing platform. Offering unmatched features for all kinds of online communities that range from private users and small to medium-sized businesses utilizing the standard features, over to large organizations and communities that benefit from larger-scale tailor-made solutions.
which in 2020 this will be of continuous benefit. We can use it in the real world, what are the benefits? What is clear, is more practical, efficient, and can be our savings in the future.
In 2020, where every year cryptocurrency, you certainly know in Europe, the ECB will be legal right cryptocurrency as an asset, we don’t need to hesitate anymore, leaving your free funds to make KingSwap is assets because KingSwap can become easier DeFi Technology . The second point, I have seen the results of the experience of the teams and CEOs, they have long been in the world of cryptocurrency, marketing, IT, blockchain, management, all organized and neat. We can see it on the road map. So serious were they from the previous year that the project agreed to achieve the target.
What its KingSwap NFTs ?
I think its good idea for KingSwap collaborate with famous foundation Binance Smart Chain ( BSC ), they more handle project about wallet, crypto DeFi Technology for more safety guard and fastest transaction technology. KingSwap follows the object-oriented programming paradigm so that users can easily use our smart network. Digital assets, digital identities and oracles will support all decentralized applications at the protocol level. KingSwap is a new project that will unite major DeFi protocols in one place. It will provide users access to the same number of liquidity pools as originally supported by integrated DeFi protocols.
KingSwap is aiming to expand DeFi ecosystem on Binance Smart Chain. The most powerful chain at this time. Recently, we’ve seen a boom in DeFi. But the native chain of DeFi is becoming more and more congested. Slower but more and more cost. It’s time to move forward.
KingSwap is an AMM protocol but is on Binance Smart Chain. They focus on expanding the DeFi project on this chain to overcome barriers and make glorious the world of DeFi.
KingSwap is the newest DeFi liquidity pool platform that is an improvement over, and an evolution of UniSwap. In addition to offering off-ramp fiat currency converting solutions, KingSwap has added some new Blockchain community-oriented features to UniSwap’s core design, which will help provide user-friendly real-time benefits in terms of price curves and contributor rewards.
What its DeFi ?
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.
Bitcoin and many other digital-native assets stand out from legacy digital payment methods, such as those run by Visa and PayPal, in that they remove all middlemen from transactions. When you pay with a credit card for coffee at a cafe, a financial institution sits between you and the business, with control over the transaction, retaining the authority to stop or pause it and record it in its private ledger. With bitcoin, those institutions are cut out of the picture.
What is Binance Smart Chain?
Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.
In essence, both blockchains operate side-by-side. It’s worth noting that BSC isn’t a so-called layer two or off-chain scalability solution. It’s an independent blockchain that could run even if Binance Chain went offline. That said, both chains bear a strong resemblance from a design standpoint.
Because BSC is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with BSC. Seriously — it’s just a matter of tweaking a couple of settings. Check out Use MetaMask for Binance Smart Chain to get started.
What is Yield Farming?
Yield Farming or Liquidity Mining is a developing mechanism of earning rewards from cryptocurrency capital investments. Yield farming follows the staking concept where funds are held in a crypto wallet to facilitate the transactions in a blockchain network. The digital funds held in the wallet can earn returns through a process of locking them. Liquidity mining funds are held in liquidity pools by liquidity providers (LP). They earn rewards for their investment in that exchange interface.
The Role Of Liquidity Providers (LP)
Yield farming is not possible without LPs who stake their funds in liquidity pools. The collection of orders in such trade networks facilitates trading in cryptocurrency by creating a market. In business, they are colloquially known as market makers because they supply what buyers and sellers want to trade.
How is this achieved? You may ask. By putting up money pools, buyers and sellers can transact conveniently. Locating an individual buyer or seller may prove challenging and perhaps risky. A collection makes it possible for buyers and sellers to loan or request credit. Moreover, these exchange platforms also facilitate the swapping of tokens.
The pool acts as a smart contract where a buyer-seller agreement is coded and made available on the decentralized blockchain platform. Some of the leading mining platforms include Compound, Yearn Finance, Aave, Aleph.im, Serum, Uniswap, Curve Finance, and Maker DAO.
Yield Farming ROI: How Are Returns Calculated?
The most common computing methods of the expected interest from a farming investment use the annual basis in working out the gain.
Annual Percentage Rate (APR)
APR (Annual Percentage Rate) refers to the yearly rate of return imposed on borrowers, but paid to capital investors.
This methods most distinct feature is that the interest earned is not plowed back in the investment scheme to make more interest.
Annual Percentage Yield (APY)
APY (Annual Percentage Yield) is an annual rate of return charged on capital borrowers and subsequently paid to the capital providers. APY is not distinct from APR only that the former allows compounding of interest to bring in more returns to the investor.
What is an NFT — and why are they trending?
A non-fungible token (NFT) is a type of cryptographic token which represents something unique. Or put another way, non-fungible tokens are not mutually interchangeable by their individual specification in the way that crypto assets such as Monero are. Non-fungible tokens can be used to create verifiable digital scarcity. NFTs are especially useful for any applications that require unique digital items such as digital art, digital-collectibles, and in-game items.
NFTs are now being developed across multiple industries. The first applications are across the Gaming, Artwork, and Collectibles industries, however, Virtual and Augmented Reality, Real Estate, Event Ticketing, Brand Licensing, and Tokenizing of real world assets are also showing promise.
To learn more about KingSwap, please visit
✓ Watch the KingSwap on
https://www.kingswap.io
✓ Our cowboys & cowgirls hang out on Twitter :
https://mobile.twitter.com/defi_kingswap
✓ Hungry for more info? Join our Telegram channel for updates and recent news :
https://t.me/kingswap
✓ Facebook Group :
https://www.facebook.com/King-Swap-112444093946760
✓ Medium Blog :
https://lnkd.in/guRsc3T
✓ Github Info :
https://github.com/KingLuigy/KingSwap
✓ Discord :
https://discord.com/invite/fD2DrJY
✓Linkedin :
https://www.linkedin.com/company/kingswap
Looks like my info is complete, in essence in 2020 this year the cryptocurrency / digital coin asset will develop rapidly, economically the country / world has begun to be legal right. So don’t hesitate, “don’t put eggs in only one basket”, think about investing in several aspects, in the real world, and in the digital world. Think of crypto investments as we grow rice, which always harvests a few months later. That became my personal mind set. Maybe that’s all I can provide information, healthy for you and always profitable. GBU.
