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 undertaking 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 presents intensive staking rewards and digital collectables.
“At KingSwap, we’re dedicated to doing DeFi the precise means by placing consumer expertise on the forefront and working as a totally regulated undertaking,” mentioned Malcolm Tan, KingSwap advisor. “Early assist for the undertaking exhibits we’re serving to to fill a spot within the present DEX market. We’re desperate to introduce KingSwap to many extra followers by way of our Uniswap launch.”
KingSwap will go reside on Uniswap on Saturday, October 31, 2020.
“With scams changing into all too widespread within the DeFi house, KingSwap is a breath of recent air. The undertaking has a widely known technical crew and audited good contracts, and I see KingSwap changing into a number one DEX within the close to future,” mentioned Michael Terpin, KingSwap advisor.
Enterprise Capital corporations and cryptocurrency traders participated in KingSwap’s non-public fundraising spherical, serving to the undertaking rapidly exceed its 1000 ETH mushy cap to lift 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 four mints of its unique ‘Knight Token’ NFTs, which give homeowners entry to imminent $KING airdrops.
KingSwap’s high-yield liquidity platform presents intensive 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 throughout the DeFi house. An evolution of Uniswap, KingSwap offers 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 undertaking not too long ago launched its limited-edition Halloween-themed NFTs.
KingSwap was based by a crew of skilled leaders in banking, finance, and crypto, together with Dr Anish Mohammed, who has suggested and labored for corporations 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 Commonplace Chartered Financial institution; Nomura, Japan’s largest funding financial institution; and Financial institution of Singapore.
Along with launching its liquidity pool this week, KingSwap has added three new members to its advisory board: Dr Christian Rio, Chief Government Officer at Inexperienced Candle X Capital, Enterprise Capitalist Dr Giampaolo Parigi, and Professor Alex Nascimento, College 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 undertaking on Twitter.
KingSwap is a totally regulated DeFi undertaking primarily based out of Singapore that’s introducing a liquidity pool platform with fiat conversions. KingSwap’s high-yield liquidity platform presents intensive staking rewards and digital collectables. The undertaking will launch on Uniswap on October 31, 2020.