DeFi Project KingSwap Commences Conversion of ERC-20 $KING Tokens and NFTs from ERC-721 to ERC-1155
The token swap kicks off KingSwap $KING token improved flexibility and independence from Ethereum, while increasing…
KingSwap is the newest decentralized finance (DeFi) liquidity pool platform that is a further and better evolution of UniSwap. In addition to offering off-ramp fiat currency converting solutions to allow users great convenience between the fiat and cryptocurrency worlds 🌍.
KingSwap has also added some new Blockchain community-oriented features to the Uniswap’s core design, which will help boom💥 the technology and provide user-friendly real-time benefits in terms of price curves and contributor rewards. Our protocol design offers to align incentives for the users by introducing strategies like pool rewards & network effects.💰
How does They work?
As there is no order book or any centralized party required to make trades, you might be wondering how trades happen without a third party. Well, KingSwap works with a model that involves liquidity providers creating liquidity pools. This model provides a decentralized pricing mechanism that efficiently smooths out third party depth. Here is how KingSwap works.