Coinbig is the third centralized exchange in just the last month to list KingSwap, following earlier listings on leading centralized exchanges BitMart and HotBit. KingSwap has also rolled out other major initiatives in the last month, including a new eCommerce platform and the commencement of its ultra-high yield farming period.
KingSwap is a high-yield liquidity platform that offers extensive staking rewards, digital collectibles, and fiat conversions. An evolution of Uniswap, KingSwap provides user-friendly features that provide real-time benefits in terms of price curves and contributor rewards. In its first three days on Uniswap alone, KingSwap achieved $4 million USD in transaction volume.
For those who aren’t keen on the idea of actually handling bitcoin themselves or not sure where to purchase, one simple option is to purchase KingSwap’s packages which allow the users to not only start their own crypto journey but have the first-hand experience of changing their cash to cryptocurrencies and owning their very own BTC and $King Tokens, and also enjoy profits without needing any technical knowledge as returns are generated automatically by the KingSwap platform through Decentralized Finance (DeFi) yield farms and staking.
KingSwap was founded by a team of experienced leaders in banking, finance, and crypto, including Dr. Anish Mohammed, who has advised and worked for companies including HSBC, Lloyds, and Zurich, and was an early advisor to Ripple and Ocean Protocol; Dunstan Teo, Chief Architect of the Fido Protocol and President of Sanctum Pte Ltd.; and Ho Chin Shin, who previously worked as a director at Standard Chartered Bank; Nomura, Japan’s largest investment bank; and the Bank of Singapore.
KingSwap is in the midst of finalizing the appropriate APY and we understand users are eager to have their old $KING tokens swapped as soon as possible, and may not be keen to have their NFT swaps locked for 100 days while the APY has not stabilized. Hence, KingSwap created this Beta version solely for Non-NFT holders who wish to swap out their old $KING to new $KING, or non-NFTs holders and NFTs can convert their old $King Tokens to USDT at offered conversion prices and daily slots.
KingSwap’s new NFT staking program allows users to stake their King, Queen, or Knight NFTs for a set period of 3, 6, 12, 24, or 48 months, similar to a bank’s Certificate of Deposit. For a 12 month commitment, investors earn 60% APY for staking a Knight NFT (worth 10,000 $KING tokens), 80% APY for staking a Queen NFT (worth 100,000 $KING tokens), and 100% APY for staking a King NFT (worth 1 million $KING tokens).
SINGAPORE — February 11, 2021 — DeFi project KingSwap (https://www.kingswap.io/) today announced that it had initiated its plan to have holders of its original (OLD) $KING tokens swap those tokens for NEW $KING tokens that are already starting to circulate in limited supply and can be traded on 3 centralized exchanges — Bitmart, Hotbit, and Coinbig. In addition, the existing ERC-721 NFTs will be phased out and only ERC-1155 NFTs will be issued once KingSwap adopts its Layer 2 technology by mid-February 2021. The swap applies to all community members and holders with OLD $KING tokens in MetaMask or Ethereum wallets, including those carried over from Uniswap, which must be swapped by April 17, 2021, and all OLD $KING tokens will no longer be able to be swapped by a cut-off date of April 25, 2021.
