What is KLAYswap Protocol (KSP) | What is KLAYswap Protocol token | What is KSP token

KLAYswap is a complete on-chain instant swap protocol that operates with an on-chain liquidity pool, where liquidity is guaranteed by automated market-making (AMM) mechanisms. It is an on-chain swap service that allows anyone that has any KLAY or KCT-type token cryptocurrency to become a liquidity provider and earn income from transaction fee commissions. In KLAYswap, Ethereum-based tokens (ETH, ORC, DAI, WBTC) can be transferred to the Klaytn ecosystem via Orbit Bridge, a transparent IBC bridge, built on Orbit Chain, to offer yield farming with asset pairings previously unconnected in the decentralized world

The KSP token is the governance token of the KLAYswap platform. Holders have the responsibility and authority to determine governance agendas in compliance with the protocol related rules and regulations to lead the development of the service. As such, KSP holders directly participate in deciding things like fees, mining distribution, and contracts. Another main utility of KSP is for creating new liquidity pools. A specific amount of KSP must be paid as a pool contract creation fee when a new KCT token pair pool is created on KLAYswap.

The KSP token has a structure in which tokens can be acquired through liquidity mining. KSP is distributed only through liquidity mining in each Genesis block and is distributed as compensation to KLAYswap liquidity providers in proportion of their provided liquidity to the pool total.

Announcing KLAYswap: Klaytn’s decentralized, automated liquidity protocol

Image for post

Finally, the day that everyone has been waiting for!

Today, we introduce the official launch schedule of KLAYswap, the AMM protocol for the Klaytn Network, as well as KLAYswap’s capabilities and governance token, KSP (KLAYswap Protocol).

The AMM (Automated Market Maker) protocol we are launching is a decisive DEX protocol that has now brought the Decentralized Finance (DeFi) market to the general public. Simply put, AMM is a protocol that supports immediate swapping between tokens by replacing the existing buy/sell orderbook structure with a Liquidity Pools created on- chain by liquidity providers.

Looking at representative DEX examples like Uniswap, an Ethereum-based AMM protocol currently hosting around $2.7B USD in liquidity pools, it is clear that plentiful liquidity is needed to boost the Decentralized Finance ecosystem as a whole by allowing easy transactions. For this reason, ozys, the developers of KLAYswap, created a high liquidity environment in which assets not only of the Klaytn network but also of other networks, including Ethereum, can enter Klaytn.

We even take it a step further than Uniswap by ensuring significant trade volume by using a transparent IBC bridge, ozys’ Orbit Bridge, to offer yield farming with asset pairings previously unconnected in the decentralized world. We’ll touch upon more of that later. Today, we introduce KLAYswap, a DeFi solution that can take advantage of this high liquidity environment.

KLAYswap!- AMM-based Instant Swap Protocol

AMM is an innovative trading mechanism that evolved from order book-based DEXs to change the way we trade cryptocurrencies on-chain. Instead of buy/sell order books, liquidity pools created by liquidity providers allow traders to trade freely, and liquidity providers share any generated transaction fees as revenue in proportion to their individual liquidity contributions. In addition, any holder of KCT (Klaytn Compatible Token) type tokens can become a liquidity provider.

The AMM mechanism of KLAYswap is based on the formula x * y = k where x = KLAY, y = KCT Token, and k = Constant Function. The token price range is set according to the quantity of each token when the corresponding liquidity pool is created. For example, if the liquidity supply of x (KLAY) increases, the supply of y (KCT token) decreases to maintain the constant function, k. In this way, the supply of each token in the liquidity pool is designed to fluctuate with prices set accordingly.

In other words, KLAYswap is an instant swap protocol that operates with an on-chain liquidity pool, where liquidity is guaranteed by automated market-making (AMM) mechanisms. It is an on-chain swap service that allows anyone that has any KLAY or KCT-type token cryptocurrency to become a liquidity provider and earn income from transaction fee commissions.

KLAYswap Participants

Liquidity Providers: You can provide liquidity by matching KLAY-KCT pairs with the token contracts created in KLAYswap’s Pool Menu. If providing liquidity, you will receive a Liquidity Provider (LP) token as a supply certificate. You will receive a reward share of the fees from that respective pool as a contribution reward.

Traders: Tokens listed in the protocol can be traded with KLAY or KCT within the scope of the respective pool. The transaction price is based on the existent number of pairs of the respective tokens.

*Note that slippage (a difference in the estimated price at the point of transaction and the actual price at time of transaction) may occur in AMM-based swap protocols. In addition, a liquidity provider may experience Impermanent Loss (change in price of deposited assets compared to when they are deposited) as token prices in pools are adjusted by an AMM mechanism after the point of supply.

Please keep these risks in mind when providing liquidity or conducting transactions.

KSP (KLAYswap Protocol) — Governance Token

KLAYswap, as a trustless on-chain swap protocol, is a service created by all participants (liquidity providers, traders, and community members) and not by a particular operator. With this and the decentralized, trustless philosophy of blockchain in mind, KLAYswap issued the KSP (KLAYswap Protocol) governance token so participants can create KLAYswap’s policies and direction and lead to the gradual, continued development of the service.

With the KSP governance token, KLAYswap is officially owned by all participants and allows participants to obtain their own continuity of service. KLAYswap, valuing the principle of neutrality and trustlessness, limits the role of KSP to contributing to the development of protocols and the development of service ecosystems so that the protocol’s governance can be strictly observed.

The KSP token has a structure in which tokens can be acquired through Liquidity Mining according to the role defined by ecosystem governance. Total Supply is 126,144,000 KSP and Initial Starting Supply volume is 0 KSP. The first liquidity mining program will begin at the block 43407094 (November 11, 2020 at 09:00 AM (UTC+9)). Further details of the liquidity mining program and the KSP token matrix are shown on the following pages.

1. KSP Allocation

  1. Total Supply: 126,144,000 KSP

2. Initial Starting Supply*: 0 KSP

3. Daily KSP Mining Volume**: 86,400 (1 KSP per block for the first 63,072,000 Blocks (around 2 years))

4. Halving: Every 63,072,000 blocks after the Liquidity Mining Program begins, the daily mining volume is halved.

5. Development & Stabilization Commission***: 15% of mined tokens, only for the first two years (After 4 years, it will amount to 7.5% of total supply)

  • Setting the initial KSP supply at 0 ensures that initial users will have equal opportunity to freely grow and make systemic decisions. From the beginning, KSP is distributed only through liquidity mining in each Genesis block, and is distributed to KLAYswap liquidity providers as compensation.

** All KSP mined until block 48681371 will be locked-up (Initial supply until this point: 5,184,000 KSP) to stabilize governance and the early token economy. (Estimated time until block 48681371 is around 61 days)

** The first minableBlock is block 43407094 . The KSP mined during the period from this first minableBlock to the unfreezeBlock 48681371 , will be unlocked at block 48681371 .

*** The Development & Stabilization Commission is used by the developers in the initial stages of setting governance and optimizing the overall transaction environment of KLAYswap.

KSP (KlaySwap Protocol) Token Contract:0xc6a2ad8cc6e4a7e08fc37cc5954be07d499e7654

2. Main Utilities of KSP

A. KCT Token Pool Contract Creation Fee

  • A specific amount of KSP (Pool Contract Creation Fee) must be paid when new KCT token pair pools are created on KLAYswap. This amount will be burned.

B. Governance Voting

  • KSP holders directly participate to decide the direction and policies of KLAYswap
  • Example) Decisions over changing important factors such as the Pool Contract Creation fee, transaction fee, mining distribution, and contracts.

3. List of Initial KSP Mining-Possible Token Pairs and Mining Ratio

1/KLAY-sKLAY — 25% — 21,600 KSP

2/ KLAY-KDAI — 15% — 12,960 KSP

3/ KLAY-kETH — 15% — 12,960 KSP

4/ KLAY-kORC — 15% — 12,960 KSP

5/ kETH-kUSDT — 15% — 12,960 KSP

6/ kETH-kWBTC — 15% — 12,960 KSP

  • As new mining-possible token pairs are added to KLAYswap the mining ration and amount will change. As stated previously, KSP can be used by any holder of KLAY/KST type tokens can create a new liquidity pool through Governance voting.
  • Orbit Chain’s Orbit Bridge [https://bridge.orbitchain.io] allows you to securely bring Ethereum-based tokens, including ETH, into the Klaytn network. However, when moving tokens to another chain, be sure to refer to the documentation guide for the precise transfer method.

KSP is a governance token with which holders have the responsibility and authority to determine governance agendas in compliance with the protocol-related rules and regulations. Governance is the decision of protocol policies, so holders can have a significant impact on the future direction of the service. As such, please use careful consideration when you participate in governance.

KLAYswap — Competitive Advantages

1. Reliability

KLAYswap is having a security audit conducted by Certik, a globally renowned security audit agency. The KLAYswap protocol is comprised of and operates through a variety of smart contracts. A single, small vulnerability within a smart contract can lead to devastating accidents related to service availability and security. KLAYswap puts the safety of its users’ transactions first, and is in the process of getting a security certification with Certik to assure safe protection against any possible security incidents in the near future.

2. Sustainability

KLAYswap is not a copycat of Uniswap, neither is it a simple fork. We’ve developed KLAYswap from the ground to make it go much further than just offering liquidity mining as Uniswap does. The structure itself assures substantial and significant trading volume centered on sKLAY and KLAY. In particular, since sKLAY is an asset bonded to a staked KLAY, there will be an interesting market where the demand for a ‘discount’ to avoid the 7-day unstaking period and the demand to purchase KLAY at a lower price than the market price will meet. Especially if one contributes to this sKLAY-KLAY pool, the possibilities are:

1. Acquiring KSP Mining Tokens

2. Obtaining KLAY from KLAYswap transaction fees, and,

3. Holding sKLAY allows you to obtain KLAY staking compensation.

The guaranteed return on item (3) is not found in any other swap service and will enable the creation of more value while also addressing the sustainability issues of DeFi.

3. Scalability

KLAYswap can deal with not only Klaytn-based tokens, but also with other network-based tokens by utilizing Orbit Chain’s interoperability to meet the Klaytn Foundation’s goal of addressing a wide range of real-life digital assets. Ethereum-based tokens (ETH, ORC, DAI, WBTC) can be transferred to the Klaytn ecosystem via Orbit Bridge.

In addition, the LP tokens given as supply vouchers to liquidity providers can generate profits on their own. They are enabled to be linked to other financial protocols and be exchanged among all stakeholders in the ecosystem. Klaytn can create innovative financial applications by utilizing the LP token. To sum up, KLAYswap is an important starting point to activate Klaytn’s economic ecosystem with guaranteed scalability due to its injection of increased interoperability and asset efficiency.

KLAYswap awaits your participation!

In KLAYswap, a complete on-chain instant swap protocol, traders can not only experience immediate transactions via liquidity pools, but also develop services by deciding the policy and direction of KLAYswap with the KSP governance token.

In addition, users can receive various forms of compensation, including transaction fee revenue, for contributing to the growth of the protocol. Various people can participate in the KLAYswap ecosystem, including long-term investors who want to hold cryptocurrency for a long time, investors who want to earn income through commission fees, and miners who want to participate in KLAYswap governance through KSP mining.

For those of you who have wanted to experience DeFi but have had difficulty participating due to its low accessibility and being unfamiliar with how it works, we expect that you will be able to experience and enjoy DeFi easily with the launch of KLAYswap.

For those of you who are familiar with DeFi, we expect that you will be able to experience a new avenue of growth opportunities, where returns and APY are set with full transparency. With KLAYswap you have the chance to be an initial user, with the initial allocation volume being zero. Everyone has free opportunity to grow. You will be the first users that decide and make the system.

We look forward to your participation and look forward to the various DeFi protocols that will be created in the Klaytn network with the start of KLAYswap.

How and Where to Buy KLAYswap Protocol (KSP) ?

KSP has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy KSP

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since KSP is an altcoin we need to transfer our coins to an exchange that KSP can be traded. Below is a list of exchanges that offers to trade KSP in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase KSP from the exchange: Coinone, BiKi, ProBit Exchange, KLAYswap, and GDAC

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once KSP gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com
https://www.bittrex.com
https://www.poloniex.com
https://www.bitfinex.com
https://www.huobi.com
https://www.mxc.ai
https://www.probit.com
https://www.gate.io
https://www.coinbase.com

Find more information KSP

WebsiteExplorerSocial ChannelMessage BoardMessage Board 2DocumentationCoinmarketcap

🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #klayswap protocol #ksp

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Buddha Community

What is KLAYswap Protocol (KSP) | What is KLAYswap Protocol token | What is KSP token

What is KLAYswap Protocol (KSP) | What is KLAYswap Protocol token | What is KSP token

KLAYswap is a complete on-chain instant swap protocol that operates with an on-chain liquidity pool, where liquidity is guaranteed by automated market-making (AMM) mechanisms. It is an on-chain swap service that allows anyone that has any KLAY or KCT-type token cryptocurrency to become a liquidity provider and earn income from transaction fee commissions. In KLAYswap, Ethereum-based tokens (ETH, ORC, DAI, WBTC) can be transferred to the Klaytn ecosystem via Orbit Bridge, a transparent IBC bridge, built on Orbit Chain, to offer yield farming with asset pairings previously unconnected in the decentralized world

The KSP token is the governance token of the KLAYswap platform. Holders have the responsibility and authority to determine governance agendas in compliance with the protocol related rules and regulations to lead the development of the service. As such, KSP holders directly participate in deciding things like fees, mining distribution, and contracts. Another main utility of KSP is for creating new liquidity pools. A specific amount of KSP must be paid as a pool contract creation fee when a new KCT token pair pool is created on KLAYswap.

The KSP token has a structure in which tokens can be acquired through liquidity mining. KSP is distributed only through liquidity mining in each Genesis block and is distributed as compensation to KLAYswap liquidity providers in proportion of their provided liquidity to the pool total.

Announcing KLAYswap: Klaytn’s decentralized, automated liquidity protocol

Image for post

Finally, the day that everyone has been waiting for!

Today, we introduce the official launch schedule of KLAYswap, the AMM protocol for the Klaytn Network, as well as KLAYswap’s capabilities and governance token, KSP (KLAYswap Protocol).

The AMM (Automated Market Maker) protocol we are launching is a decisive DEX protocol that has now brought the Decentralized Finance (DeFi) market to the general public. Simply put, AMM is a protocol that supports immediate swapping between tokens by replacing the existing buy/sell orderbook structure with a Liquidity Pools created on- chain by liquidity providers.

Looking at representative DEX examples like Uniswap, an Ethereum-based AMM protocol currently hosting around $2.7B USD in liquidity pools, it is clear that plentiful liquidity is needed to boost the Decentralized Finance ecosystem as a whole by allowing easy transactions. For this reason, ozys, the developers of KLAYswap, created a high liquidity environment in which assets not only of the Klaytn network but also of other networks, including Ethereum, can enter Klaytn.

We even take it a step further than Uniswap by ensuring significant trade volume by using a transparent IBC bridge, ozys’ Orbit Bridge, to offer yield farming with asset pairings previously unconnected in the decentralized world. We’ll touch upon more of that later. Today, we introduce KLAYswap, a DeFi solution that can take advantage of this high liquidity environment.

KLAYswap!- AMM-based Instant Swap Protocol

AMM is an innovative trading mechanism that evolved from order book-based DEXs to change the way we trade cryptocurrencies on-chain. Instead of buy/sell order books, liquidity pools created by liquidity providers allow traders to trade freely, and liquidity providers share any generated transaction fees as revenue in proportion to their individual liquidity contributions. In addition, any holder of KCT (Klaytn Compatible Token) type tokens can become a liquidity provider.

The AMM mechanism of KLAYswap is based on the formula x * y = k where x = KLAY, y = KCT Token, and k = Constant Function. The token price range is set according to the quantity of each token when the corresponding liquidity pool is created. For example, if the liquidity supply of x (KLAY) increases, the supply of y (KCT token) decreases to maintain the constant function, k. In this way, the supply of each token in the liquidity pool is designed to fluctuate with prices set accordingly.

In other words, KLAYswap is an instant swap protocol that operates with an on-chain liquidity pool, where liquidity is guaranteed by automated market-making (AMM) mechanisms. It is an on-chain swap service that allows anyone that has any KLAY or KCT-type token cryptocurrency to become a liquidity provider and earn income from transaction fee commissions.

KLAYswap Participants

Liquidity Providers: You can provide liquidity by matching KLAY-KCT pairs with the token contracts created in KLAYswap’s Pool Menu. If providing liquidity, you will receive a Liquidity Provider (LP) token as a supply certificate. You will receive a reward share of the fees from that respective pool as a contribution reward.

Traders: Tokens listed in the protocol can be traded with KLAY or KCT within the scope of the respective pool. The transaction price is based on the existent number of pairs of the respective tokens.

*Note that slippage (a difference in the estimated price at the point of transaction and the actual price at time of transaction) may occur in AMM-based swap protocols. In addition, a liquidity provider may experience Impermanent Loss (change in price of deposited assets compared to when they are deposited) as token prices in pools are adjusted by an AMM mechanism after the point of supply.

Please keep these risks in mind when providing liquidity or conducting transactions.

KSP (KLAYswap Protocol) — Governance Token

KLAYswap, as a trustless on-chain swap protocol, is a service created by all participants (liquidity providers, traders, and community members) and not by a particular operator. With this and the decentralized, trustless philosophy of blockchain in mind, KLAYswap issued the KSP (KLAYswap Protocol) governance token so participants can create KLAYswap’s policies and direction and lead to the gradual, continued development of the service.

With the KSP governance token, KLAYswap is officially owned by all participants and allows participants to obtain their own continuity of service. KLAYswap, valuing the principle of neutrality and trustlessness, limits the role of KSP to contributing to the development of protocols and the development of service ecosystems so that the protocol’s governance can be strictly observed.

The KSP token has a structure in which tokens can be acquired through Liquidity Mining according to the role defined by ecosystem governance. Total Supply is 126,144,000 KSP and Initial Starting Supply volume is 0 KSP. The first liquidity mining program will begin at the block 43407094 (November 11, 2020 at 09:00 AM (UTC+9)). Further details of the liquidity mining program and the KSP token matrix are shown on the following pages.

1. KSP Allocation

  1. Total Supply: 126,144,000 KSP

2. Initial Starting Supply*: 0 KSP

3. Daily KSP Mining Volume**: 86,400 (1 KSP per block for the first 63,072,000 Blocks (around 2 years))

4. Halving: Every 63,072,000 blocks after the Liquidity Mining Program begins, the daily mining volume is halved.

5. Development & Stabilization Commission***: 15% of mined tokens, only for the first two years (After 4 years, it will amount to 7.5% of total supply)

  • Setting the initial KSP supply at 0 ensures that initial users will have equal opportunity to freely grow and make systemic decisions. From the beginning, KSP is distributed only through liquidity mining in each Genesis block, and is distributed to KLAYswap liquidity providers as compensation.

** All KSP mined until block 48681371 will be locked-up (Initial supply until this point: 5,184,000 KSP) to stabilize governance and the early token economy. (Estimated time until block 48681371 is around 61 days)

** The first minableBlock is block 43407094 . The KSP mined during the period from this first minableBlock to the unfreezeBlock 48681371 , will be unlocked at block 48681371 .

*** The Development & Stabilization Commission is used by the developers in the initial stages of setting governance and optimizing the overall transaction environment of KLAYswap.

KSP (KlaySwap Protocol) Token Contract:0xc6a2ad8cc6e4a7e08fc37cc5954be07d499e7654

2. Main Utilities of KSP

A. KCT Token Pool Contract Creation Fee

  • A specific amount of KSP (Pool Contract Creation Fee) must be paid when new KCT token pair pools are created on KLAYswap. This amount will be burned.

B. Governance Voting

  • KSP holders directly participate to decide the direction and policies of KLAYswap
  • Example) Decisions over changing important factors such as the Pool Contract Creation fee, transaction fee, mining distribution, and contracts.

3. List of Initial KSP Mining-Possible Token Pairs and Mining Ratio

1/KLAY-sKLAY — 25% — 21,600 KSP

2/ KLAY-KDAI — 15% — 12,960 KSP

3/ KLAY-kETH — 15% — 12,960 KSP

4/ KLAY-kORC — 15% — 12,960 KSP

5/ kETH-kUSDT — 15% — 12,960 KSP

6/ kETH-kWBTC — 15% — 12,960 KSP

  • As new mining-possible token pairs are added to KLAYswap the mining ration and amount will change. As stated previously, KSP can be used by any holder of KLAY/KST type tokens can create a new liquidity pool through Governance voting.
  • Orbit Chain’s Orbit Bridge [https://bridge.orbitchain.io] allows you to securely bring Ethereum-based tokens, including ETH, into the Klaytn network. However, when moving tokens to another chain, be sure to refer to the documentation guide for the precise transfer method.

KSP is a governance token with which holders have the responsibility and authority to determine governance agendas in compliance with the protocol-related rules and regulations. Governance is the decision of protocol policies, so holders can have a significant impact on the future direction of the service. As such, please use careful consideration when you participate in governance.

KLAYswap — Competitive Advantages

1. Reliability

KLAYswap is having a security audit conducted by Certik, a globally renowned security audit agency. The KLAYswap protocol is comprised of and operates through a variety of smart contracts. A single, small vulnerability within a smart contract can lead to devastating accidents related to service availability and security. KLAYswap puts the safety of its users’ transactions first, and is in the process of getting a security certification with Certik to assure safe protection against any possible security incidents in the near future.

2. Sustainability

KLAYswap is not a copycat of Uniswap, neither is it a simple fork. We’ve developed KLAYswap from the ground to make it go much further than just offering liquidity mining as Uniswap does. The structure itself assures substantial and significant trading volume centered on sKLAY and KLAY. In particular, since sKLAY is an asset bonded to a staked KLAY, there will be an interesting market where the demand for a ‘discount’ to avoid the 7-day unstaking period and the demand to purchase KLAY at a lower price than the market price will meet. Especially if one contributes to this sKLAY-KLAY pool, the possibilities are:

1. Acquiring KSP Mining Tokens

2. Obtaining KLAY from KLAYswap transaction fees, and,

3. Holding sKLAY allows you to obtain KLAY staking compensation.

The guaranteed return on item (3) is not found in any other swap service and will enable the creation of more value while also addressing the sustainability issues of DeFi.

3. Scalability

KLAYswap can deal with not only Klaytn-based tokens, but also with other network-based tokens by utilizing Orbit Chain’s interoperability to meet the Klaytn Foundation’s goal of addressing a wide range of real-life digital assets. Ethereum-based tokens (ETH, ORC, DAI, WBTC) can be transferred to the Klaytn ecosystem via Orbit Bridge.

In addition, the LP tokens given as supply vouchers to liquidity providers can generate profits on their own. They are enabled to be linked to other financial protocols and be exchanged among all stakeholders in the ecosystem. Klaytn can create innovative financial applications by utilizing the LP token. To sum up, KLAYswap is an important starting point to activate Klaytn’s economic ecosystem with guaranteed scalability due to its injection of increased interoperability and asset efficiency.

KLAYswap awaits your participation!

In KLAYswap, a complete on-chain instant swap protocol, traders can not only experience immediate transactions via liquidity pools, but also develop services by deciding the policy and direction of KLAYswap with the KSP governance token.

In addition, users can receive various forms of compensation, including transaction fee revenue, for contributing to the growth of the protocol. Various people can participate in the KLAYswap ecosystem, including long-term investors who want to hold cryptocurrency for a long time, investors who want to earn income through commission fees, and miners who want to participate in KLAYswap governance through KSP mining.

For those of you who have wanted to experience DeFi but have had difficulty participating due to its low accessibility and being unfamiliar with how it works, we expect that you will be able to experience and enjoy DeFi easily with the launch of KLAYswap.

For those of you who are familiar with DeFi, we expect that you will be able to experience a new avenue of growth opportunities, where returns and APY are set with full transparency. With KLAYswap you have the chance to be an initial user, with the initial allocation volume being zero. Everyone has free opportunity to grow. You will be the first users that decide and make the system.

We look forward to your participation and look forward to the various DeFi protocols that will be created in the Klaytn network with the start of KLAYswap.

How and Where to Buy KLAYswap Protocol (KSP) ?

KSP has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy KSP

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since KSP is an altcoin we need to transfer our coins to an exchange that KSP can be traded. Below is a list of exchanges that offers to trade KSP in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase KSP from the exchange: Coinone, BiKi, ProBit Exchange, KLAYswap, and GDAC

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once KSP gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

https://www.binance.com
https://www.bittrex.com
https://www.poloniex.com
https://www.bitfinex.com
https://www.huobi.com
https://www.mxc.ai
https://www.probit.com
https://www.gate.io
https://www.coinbase.com

Find more information KSP

WebsiteExplorerSocial ChannelMessage BoardMessage Board 2DocumentationCoinmarketcap

🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #klayswap protocol #ksp

aaron silva

aaron silva

1622197808

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token

aaron silva

aaron silva

1621844791

SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

  • The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
  • It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
  • The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
  • It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
  • The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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Angelina roda

Angelina roda

1624230000

How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
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🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
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#bitcoin #blockchain #feg token #token #how to buy feg token #how to buy feg token - the easiest method 2021

aviana farren

aviana farren

1623836330

Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

  • Dev burned all tokens in the wallet before the launch.
  • Fair launch on DxSale.
  • LP locked on DxLocker for four years
  • LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

  • Stable Rewards
  • Manual Burning
  • LP Acquisition
  • Community Governed Tokens
  • RFI Staking Rewards
  • Automated Liquidity Pool
  • Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

  • The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
  • It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
  • The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
  • It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
  • The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
  • Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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