KingSwap, the new gateway to swap and stake RFUEL
Following our strategy of introducing RFUEL tokens to as many new people as possible, we have paired with KingSwap to allow anyone to buy, swap, and stake RFUEL. This is a great way for us to open doors to new investors, yield farmers, or developers looking to show their support, leverage our tokens, join our reward liquidity program, and diversify their portfolios. RFUEL was successfully listed on the decentralised platform and appears among the top 10 traded tokens!
KingSwap is a new decentralised exchange platform (DEX) providing hyper high yield liquidity pools, so, to kick off our listing, we are also launching a staking program on KingSwap Exchange, offering a 50% APY of RFUEL to all liquidity providers willing to stake in our pool.
We chose KingSwap for the multiple features it provides.
We are particularly attracted by the design and user experience its interface offers. The platform is designed in such a way that users don’t need to have experience in the crypto space to onboard. It is made easy for anyone to start buying crypto and staking on the platform. Another visual feature KingSwap has included is price curves, e.g graphs representing the relationship between the price of the listed tokens and the quantity demanded for a given period of time. These charts offer transparency and can be particularly helpful for users before buying, selling, swapping or staking.
KingSwap also provides on-ramp service (e.g the conversion of fiat to crypto-currencies) which makes it easy for people to join a farming pool without passing through intermediaries. Traders and liquidity providers are both rewarded for providing liquidity and volume to the platform, which benefits the entire DEX’s ecosystem. This approach differs from SushiSwap and Uniswap who only reward liquidity providers. Therefore, we believe KingSwap will accelerate the mass adoption of crypto, making it accessible and convenient for more users. The platform shares the same vision as us in what we are trying to achieve under RioDeFi’s ecosystem — delivering a decentralised infrastructure and helping more people to better manage and control their savings.
Furthermore, KingSwap has achieved a significant milestone in September for raising USD $4 million on Uniswap in 3 days. Since then, KingSwap has migrated to its own platform to launch successful high yield liquidity programs. As a fork of Uniswap protocol, KingSwap has been built on the same blockchain and is driving a lot of interest from Uniswap’s users. Since our first IDO was hosted on Uniswap, we believe KingSwap is the place to be and the partner of choice to provide RFUEL to yield farmers, looking for new and upstanding staking programs.
Last but not least, KingSwap is the first regulated DEX of this kind based in Singapore. The management team behind it has a solid background in traditional banking, having worked for international firms including Standard Chartered, Nomura, HSBC, and Lloyds. The team’s understanding of the traditional financial system has been an asset to build a sustainable business model and secure funding from top venture capital firms during their private sales back in September.
To participate in RioDeFi’s liquidity pool on KingSwap and to enjoy 50% APY, you would first need to provide liquidity for the RFUEL-USDT pair to acquire KLP (King Liquidity Provider) tokens, which you can then stake on Kingswap.exchange. In a second phase that will be launched soon, users could also trade on the RFUEL-USDT pool to be awarded with KST (KingSwap Slippage Tokens) for every trade executed. All APY estimates are based on the number of users staking in each farming pool, as well as the relative price of RFUEL to USDT.
“We are very excited to have developed this joint initiative with a regional leader in the DeFi space and look forward to this new opportunity for people to buy, swap, and stake RFUEL” says James Anderson, CEO at RioDeFi.
About KingSwap
KingSwap (https://www.kingswap.io/) is a DeFi project based out of Singapore with a fully regulated* token that introduces a liquidity pool platform with possible fiat conversions. KingSwap’s high-yield liquidity platform offers extensive staking rewards and digital collectibles.
Website | Telegram Community | Twitter | DEX | Info
About RioDeFi
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
Should you have any questions, please join the conversation on our social media, Telegram and Twitter.
To learn more about the latest developments regarding RioChain, visit: Riodefi.com
