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

What is GEEK

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

Royce  Reinger

Royce Reinger

1658068560

WordsCounted: A Ruby Natural Language Processor

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Are you using WordsCounted to do something interesting? Please tell me about it.

Gem Version 

RubyDoc documentation.

Demo

Visit this website for one example of what you can do with WordsCounted.


Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted 
License: MIT license

#ruby #nlp 

Words Counted: A Ruby Natural Language Processor.

WordsCounted

We are all in the gutter, but some of us are looking at the stars.

-- Oscar Wilde

WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.

Are you using WordsCounted to do something interesting? Please tell me about it.

 

Demo

Visit this website for one example of what you can do with WordsCounted.

Features

  • Out of the box, get the following data from any string or readable file, or URL:
    • Token count and unique token count
    • Token densities, frequencies, and lengths
    • Char count and average chars per token
    • The longest tokens and their lengths
    • The most frequent tokens and their frequencies.
  • A flexible way to exclude tokens from the tokeniser. You can pass a string, regexp, symbol, lambda, or an array of any combination of those types for powerful tokenisation strategies.
  • Pass your own regexp rules to the tokeniser if you prefer. The default regexp filters special characters but keeps hyphens and apostrophes. It also plays nicely with diacritics (UTF and unicode characters): Bayrūt is treated as ["Bayrūt"] and not ["Bayr", "ū", "t"], for example.
  • Opens and reads files. Pass in a file path or a url instead of a string.

Installation

Add this line to your application's Gemfile:

gem 'words_counted'

And then execute:

$ bundle

Or install it yourself as:

$ gem install words_counted

Usage

Pass in a string or a file path, and an optional filter and/or regexp.

counter = WordsCounted.count(
  "We are all in the gutter, but some of us are looking at the stars."
)

# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")

.count and .from_file are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter initialized with the tokens. The WordsCounted::Tokeniser and WordsCounted::Counter classes can be used alone, however.

API

WordsCounted

WordsCounted.count(input, options = {})

Tokenises input and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.count("Hello Beirut!")

Accepts two options: exclude and regexp. See Excluding tokens from the analyser and Passing in a custom regexp respectively.

WordsCounted.from_file(path, options = {})

Reads and tokenises a file, and initializes a WordsCounted::Counter object with the resulting tokens.

counter = WordsCounted.from_file("hello_beirut.txt")

Accepts the same options as .count.

Tokeniser

The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.

Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.

#tokenise([pattern: TOKEN_REGEXP, exclude: nil])

tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise

# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")

# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)

See Excluding tokens from the analyser and Passing in a custom regexp for more information.

Counter

The WordsCounted::Counter class allows you to collect various statistics from an array of tokens.

#token_count

Returns the token count of a given string.

counter.token_count #=> 15

#token_frequency

Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.

counter.token_frequency

[
  ["the", 2],
  ["are", 2],
  ["we",  1],
  # ...
  ["all", 1]
]

#most_frequent_tokens

Returns a hash where each key-value pair is a token and its frequency.

counter.most_frequent_tokens

{ "are" => 2, "the" => 2 }

#token_lengths

Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.

counter.token_lengths

[
  ["looking", 7],
  ["gutter",  6],
  ["stars",   5],
  # ...
  ["in",      2]
]

#longest_tokens

Returns a hash where each key-value pair is a token and its length.

counter.longest_tokens

{ "looking" => 7 }

#token_density([ precision: 2 ])

Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision argument, which must be a float.

counter.token_density

[
  ["are",     0.13],
  ["the",     0.13],
  ["but",     0.07 ],
  # ...
  ["we",      0.07 ]
]

#char_count

Returns the char count of tokens.

counter.char_count #=> 76

#average_chars_per_token([ precision: 2 ])

Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.

counter.average_chars_per_token #=> 4

#uniq_token_count

Returns the number of unique tokens.

counter.uniq_token_count #=> 13

Excluding tokens from the tokeniser

You can exclude anything you want from the input by passing the exclude option. The exclude option accepts a variety of filters and is extremely flexible.

  1. A space-delimited string. The filter will normalise the string.
  2. A regular expression.
  3. A lambda.
  4. A symbol that names a predicate method. For example :odd?.
  5. An array of any combination of the above.
tokeniser =
  WordsCounted::Tokeniser.new(
    "Magnificent! That was magnificent, Trevor."
  )

# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]

# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]

# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]

# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]

# Using an array
tokeniser = WordsCounted::Tokeniser.new(
  "Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
  exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]

Passing in a custom regexp

The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.

/[\p{Alpha}\-']+/

You can pass your own criteria as a Ruby regular expression to split your string as desired.

For example, if you wanted to include numbers, you can override the regular expression:

counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]

Opening and reading files

Use the from_file method to open files. from_file accepts the same options as .count. The file path can be a URL.

counter = WordsCounted.from_file("url/or/path/to/file.text")

Gotchas

A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.

counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency

[
  ["do",   2],
  ["how",  1],
  ["you",  1],
  ["-you", 1], # WTF, mate!
  ["are",  1],
  # ...
]

In this example -you and you are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.

A note on case sensitivity

The program will normalise (downcase) all incoming strings for consistency and filters.

Roadmap

Ability to open URLs

def self.from_url
  # open url and send string here after removing html
end

Contributors

See contributors.

Contributing

  1. Fork it
  2. Create your feature branch (git checkout -b my-new-feature)
  3. Commit your changes (git commit -am 'Add some feature')
  4. Push to the branch (git push origin my-new-feature)
  5. Create new Pull Request

Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license

#ruby  #ruby-on-rails 

aaron silva

aaron silva

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