KingSwap Reaches $4 Million Transaction Volume in 3 Days

Jafrin  |  Nov 4, 2020

Regulated DeFi project KingSwap has achieved $4 million transactions in its first three days on Uniswap DEX. KingSwap is a high-yielding liquidity platform that offers staking rewards, digital collectibles, and fiat conversions.

Initial Funding Exceeded KingSwap's 1000 ETH Soft Cap

Since its public launch on October 30, KingSwap in its private funding round exceeded its 1000 ETH soft cap to raise over $20 million in funding and liquidity support.

The funding participation came from prominent VC firms and crypto investors including Plutus VC, Hashstreet VC, Alpha Sigma Capital, Tradecraft Capital, and 7CC.

Malcolm Tan, an advisor of KingSwap, stated in the press release:

“Early support for Uniswap shows the DeFi boom is just getting started, and that there’s global demand for KingSwap’s unique offering. We’re pleased by KingSwap’s initial popularity on Uniswap and plan to keep our momentum going with several campaigns in the coming weeks and months. Very few new projects have been able to achieve the recognition and support, much less the volume, that KingSwap has achieved from its IDO on Uniswap.”

The DeFi project recently sold out its four editions of exclusive ‘Knight Token’ NFTs while enabling its users to access the upcoming $KING airdrops.

The project's two airdrops were also recently distributed to all its NFT holders while earning them over 200% ROI. Some could even resell their NFTs, earning returns of over 150 percent.

KingSwap: An Evolved Uniswap

KingSwap is known as the evolved version of Uniswap that offers real-time benefits in terms of price curves and contributor rewards. The liquidity platform also provides loyalty rewards issued from $KING tokens.

The DeFi project was founded by a team of experienced leaders in banking, finance, and crypto, including Dr. Anish Mohammed, Dunstan Teo, and Ho Chin Shin. Its advisory team includes Dr. Christian Rio, Dr. Giampaolo Parigi, Alex Nascimento, Michael Terpin, Lionel Iruk, and Dr. Robert Choi.

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