KingSwap, The First Regulated DeFi Project , Raises $20 Million in Funding and Liquidity Support — Announces Public Launch on Uniswap
KingSwap, who claims to be the primary regulated DeFi challenge to introduce a liquidity pool platform with fiat conversions has raised over $20 million in funding and liquidity assist.
KingSwap’s high-yield liquidity platform gives in depth staking rewards and digital collectables.
“At KingSwap, we’re committed to doing DeFi the right way by putting user experience at the forefront and operating as a fully regulated project,” stated Malcolm Tan, KingSwap advisor. “Early support for the project shows we are helping to fill a gap in the current DEX marketplace. We’re eager to introduce KingSwap to many more fans through our Uniswap launch.”
KingSwap will go reside on Uniswap on Saturday, October 31, 2020.
“With scams becoming all too common in the DeFi space, KingSwap is a breath of fresh air. The project has a well-known technical team and audited smart contracts, and I see KingSwap becoming a leading DEX in the near future,” stated Michael Terpin, KingSwap advisor.
Venture Capital companies and cryptocurrency buyers participated in KingSwap’s non-public fundraising spherical, serving to the challenge shortly exceed its 1000 ETH gentle cap to boost over $20 million USD in funding and liquidity assist. KingSwap’s backers embody Plutus VC, Hashstreet VC, Alpha Sigma Capital, Tradecraft Capital, and 7CC. KingSwap additionally offered out 4 mints of its unique ‘Knight Token’ NFTs, which give homeowners entry to imminent $KING airdrops.
KingSwap’s high-yield liquidity platform gives in depth staking rewards and digital collectables. Its extremely anticipated DeFi DEX boasts distinctive options together with fiat conversions and a authorized construction that addresses main shortfalls inside the DeFi area. An evolution of Uniswap, KingSwap supplies user-friendly options that present real-time advantages by way of worth curves and contributor rewards. KingSwap’s NFTs give their homeowners loyalty rewards from $KING tokens issued. The challenge lately launched its limited-edition Halloween-themed NFTs.
KingSwap was based by a workforce of skilled leaders in banking, finance, and crypto, together with Dr Anish Mohammed, who has suggested and labored for firms together with 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 beforehand labored as a director at Standard Chartered Bank; Nomura, Japan’s largest funding financial institution; and Bank of Singapore.
In addition to launching its liquidity pool this week, KingSwap has added three new members to its advisory board: Dr Christian Rio, Chief Executive Officer at Green Candle X Capital, Venture Capitalist Dr Giampaolo Parigi, and Professor Alex Nascimento, Faculty and Co-Founder, Blockchain at UCLA. These advisors be part of globally acknowledged cryptocurrency pioneers on KingSwap’s advisory board, together with Michael Terpin, Lioenl Iruk, Esq., Dr Robert Choi, and extra.
KingSwap is internet hosting common AMAs on Telegram and can host a digital launch get together on Friday, October 30. To be taught extra, be part of KingSwap on Telegram or observe the challenge on Twitter.
KingSwap is a totally regulated DeFi challenge primarily based out of Singapore that’s introducing a liquidity pool platform with fiat conversions. KingSwap’s high-yield liquidity platform gives in depth staking rewards and digital collectables. The challenge will launch on Uniswap on October 31, 2020.