Kindly Launches on Uniswap to Further Bring Decentralization to its Ecosystem!
At Kindly, we’re constantly striving to improve and innovate, and our latest decision is no exception. In order to further decentralize our platform and mitigate the risks associated with centralized exchanges, we’ve decided to focus our attention on growing the liquidity of Kindly Coin ($KIND)on Uniswap.
Kindly Coin Listed on Uniswap
https://app.uniswap.org/#/tokens/polygon/0x999e2e604f48de45480f97b5037a70aa2a78b488
As a socially conscious organization, we’re not just concerned with our own success, but with the impact, we can have on the world around us. That’s why, with every social impact transaction purchased within our ecosystem, a generous 5% will be allocated to a Kindly Coin buyback. By using Uniswap, we’ll be able to directly integrate the Kindly Coin into our Social Impact Engine smart contract and purchase Kindly Coins off the open market.
When we launched the Kindly coin (KIND) on Bitmart in 2022, we believed it was essential to introduce our Kindly Ecosystem token to the world on a centralized and respected exchange (CEX).
We wanted to make a good impression right out the gate that the Kindly ecosystem project was legitimate and here to stay. However, as our community has grown, we now understand how critical it is for KIND to be more accessible to a broader audience. This can best be achieved by listing KIND on a decentralized exchange (DEX) like Uniswap.
We are happy to announce that KIND will now be available on Uniswap, the most popular DEX in the world!
For those unaware, Uniswap, now a multi-chain decentralized exchange (DEX), has emerged as a leading platform for purchasing and selling cryptocurrency not only on Ethereum but other layer-2 blockchains such as Polygon. Listing our polygon-based token ($KIND) on Uniswap presents many advantages…
The foremost benefit of a Uniswap listing is making utility tokens more accessible to others in a peer-to-peer manner. Therefore, listing KIND on Uniswap can create new opportunities to acquire and use Kindly Coin for future utilities in a thriving and sustainable Kindly ecosystem.
Increased visibility is another substantial advantage that a Uniswap listing will provide to Kindly. Uniswap has a vast and active user base that can contribute to the discovery and visibility of KIND in many languages. The exposure that a Uniswap listing offers can attract more users, especially those who may have yet to become aware of the Kindly coin, leading to an upsurge in awareness.
Uniswap’s transparency is also a standout feature that engenders trust among users. The blockchain’s inherent transparency allows users to verify every transaction, providing a verifiable source of truth that can discourage price manipulation and fraudulent activity. The absence of a central authority in Uniswap also translates to a higher level of trust, enabling users to transact with greater confidence.
Uniswap’s no listing fee policy is an incredible boon for newer tokens like KIND, where most of our funds are invested in product development. Listing fees on centralized exchanges can range from thousands to millions of dollars.
Uniswap’s automated market-making system (AMM) is an innovation that enables users to buy and sell tokens instantly at fair market prices. Unlike traditional centralized exchanges that require an order book, which is subject to price manipulation, the AMM eliminates such an issue by calculating token prices using algorithms. Thus, users can trade without waiting for a matching order, resulting in a seamless and efficient trading experience.
The decentralized nature of Uniswap is a fundamental advantage that users can benefit from. The platform is not subject to a central authority or control but instead governed by a community of users that hold UNI or KIND tokens. Decentralization ensures that the platform remains transparent, open, and inclusive to all users, regardless of location or financial status. The absence of central authority intervention also ensures that users are free from the risks of government regulation or censorship, and we all know how important that is!
In summary, a Uniswap listing benefits KIND holders, including a liquidity boost, increased visibility, transparency, AMM, access to unique features, and a decentralized platform. These advantages contribute to why Uniswap has become a preferred platform for users. With the listing of KIND on Uniswap, we are poised to continue our trajectory as a game-changer in the social impact sector.
In light of recent issues with centralized entities like FTX and others, we believe this careful and considered approach is the best way to grow our ecosystem and token. We’re excited about the potential for Kindly Coin to continue to make a positive impact in the world, and we’re committed to doing everything we can to ensure its success.
We hope you’ll join us in making the world a kinder place, and it all starts with the Kindly Coin (KIND)!
About Kindly
Kindly is a purpose-driven social enterprise co-founded by one of the largest food relief charities in the world. With its existing infrastructure and strategic partners, Kindly is bridging the gap between social impact and Web3 as it creates innovative consumer and business-related products that help make it easy to generate, track, and process measurable social impact.
To learn more about Kindly visit:
Website | Twitter | Telegram | YouTube
Media Contact
Carmelia Ray, Head of Marketing & PR, Kindly
carmelia.ray@kindlycoin.com
