KingSwap, DeFi First Regulated Project, Raises $ 20 Million in Funding and Liquidity Support – Announces Uniswap Public Launch
KingSwap, which claims to be the first regulated DeFi project to introduce a liquidity pool platform with fiat conversions, has raised over $ 20 million in funding and liquidity support.
KingSwap’s high-yield liquidity platform offers extensive stake bonuses and digital collectibles.
“At KingSwap we are committed to getting DeFi right by putting the user experience first and acting as a fully regulated project,” said Malcolm Tan, KingSwap consultant. “The early support for the project shows that we are helping to close a gap in the current DEX market. We are excited to introduce KingSwap to many more fans through our Uniswap launch. “
KingSwap will go live on Uniswap on Saturday October 31, 2020.
“With DeFi fraud all too often, KingSwap is a breath of fresh air. The project has a well-known technical team and tested smart contracts. I see KingSwap becoming a leading DEX in the near future, ”said Michael Terpin, KingSwap advisor.
Venture capital firms and cryptocurrency investors joined KingSwap’s private fundraising round, helping the project quickly exceed its 1000 ETH cap to raise over $ 20 million in funding and liquidity support. KingSwap’s supporters include Plutus VC, Hashstreet VC, Alpha Sigma Capital, Tradecraft Capital and 7CC. KingSwap has also sold out 4 mints of its exclusive ‘Knight Token’ NFTs, giving owners access to the upcoming $ KING air drops.
KingSwap’s high-yield liquidity platform offers extensive stake bonuses and digital collectibles. The highly anticipated DeFi DEX offers unique features such as fiat conversions and a legal structure that addresses major deficiencies in the DeFi area. KingSwap is a further development of Uniswap and offers user-friendly features that provide real-time benefits in terms of price curves and rewards for contributors. KingSwap’s NFTs give their owners loyalty rewards from issued $ KING tokens. The project recently released its limited edition Halloween NFTs.
KingSwap was founded by a team of seasoned banking, finance and crypto executives including Dr. Anish Mohammed, who advised and worked for companies such as HSBC, Lloyds and Zurich and was an early advisor to the Ripple and Ocean Protocol. Dunstan Teo, Chief Architect of the Fido Protocol and President of Sanctum Pte Ltd .; and Ho Chin Shin, who was previously a director at Standard Chartered Bank; Nomura, Japan’s largest investment bank; 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, CEO of Green Candle X Capital, venture capitalist Dr. Giampaolo Parigi and Professor Alex Nascimento, Faculty and Co-Founder, Blockchain at UCLA. These advisors join globally recognized cryptocurrency pioneers on KingSwap’s advisory board, including Michael Terpin, Lioenl Iruk, Esq., Dr. Robert Choi and others.
KingSwap regularly hosts AMAs on Telegram and has a virtual launch party on Friday October 30th. To find out more, join KingSwap on Telegram or follow the project on Twitter.
KingSwap is a fully regulated DeFi project based in Singapore that is introducing a liquidity pool platform with fiat conversions. KingSwap’s high-yield liquidity platform offers extensive stake bonuses and digital collectibles. The project will start on October 31, 2020 on Uniswap.