Kuswap Finance is the first Automated Market Maker built on top of the KuCoin Community Chain (KCC), and it debuted on its own Launchpad in June 2021, which also happened to be the first KuCoin Community Chain crowdfunding. KuSwap’s key objective is to increase decentralized worldwide adoption by increasing the utility cases for KUS.
Kuswap Exchange is a non-custodial, decentralized exchange (DEX) where users are allowed to trade without having to surrender the possession or control of their tokens to other entities. The decentralized exchange works with liquidity pools, which allow users to earn money by providing liquidity for a pair of assets. The liquidity providers receive a very small percentage of the transactions (0.1%).
For trusted pairs, such as projects that launch on Kuswap Finance Exchange, the exchange will return the swap fees in the form of KUS tokens, effectively making the transaction fee-free for these selected pairs. Yield farming on KuSwap lets users that are providing liquidity earn KUS rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.
Kuswap Finance Exchange , in its full form, is an ecosystem on its own within the larger ecosystem of KCC (KuCoin Community Chain).
It consists of a Launchpad, a Lending Platform, a truly decentralized NFT Marketplace, and KuDrops – a built-in element of KuSwap that is designed to promote information campaigns, community development, and to maintain the community at its best at all times.
Through KUSDAO – KuSwap’s governance platform where holders stake on proposals and contribute to making the KuSwap permissionless and decentralised, and hence efficient and secure for all users.
Through these platforms, a vast array of utilities can be found in the KuSwap token, thereby making it an invaluable asset to users of crypto and Decentralized Finance.
The live KuSwap price today is $3.32 USD with a 24-hour trading volume of $234,139 USD. KuSwap is up 3.88% in the last 24 hours. The current CoinMarketCap ranking is #3000, with a live market cap of not available. The circulating supply is not available and a max. supply of 350,000,000 KUS coins.
KuSwap is a binary smart contract system, similar to UniSwap/PCS, contracts provide fundamental safety guarantees for all parties interacting with KuSwap. Contracts interact with one or more core contracts but are not themselves part of the core.
The core consists of a singleton factory and many pairs, which the factory is responsible for creating and indexing. These contracts are quite minimal, even brutalist. The simple rationale for this is that contracts with a smaller surface area are easier to reason about, less bug-prone, and more functionally elegant. Perhaps the biggest upside of this design is that many desired properties of the system can be asserted directly in the code, leaving little room for error. One downside, however, is that core contracts are somewhat user-unfriendly. In fact, interacting directly with these contracts is not recommended for most use cases. Instead, a periphery contract should be used.
Kuswap Finance Exchange factory holds the generic bytecode responsible for powering pairs. Its primary job is to create one and only one smart contract per unique token pair. It also contains logic to turn on the protocol charge.
Pairs have two primary purposes: serving as automated market makers and keeping track of pool token balances. They also expose data which can be used to build decentralized price oracles.
To ameliorate rounding errors and increase the theoretical minimum tick size for liquidity provision, pairs burn the first MINIMUM_LIQUIDITY pool tokens. For the vast majority of pairs, this will represent a trivial value. The burning happens automatically during the first liquidity provision, after which point the totalSupply is forevermore bounded.
Kuswap Finance Exchange took one of the favourite coin Sushiswap, and used it as the basis for our tokenomics. They made some alterations along the way to better suit our vision, keep things fresh and original, and improve the economics around the token. Compared to others like Sushi or Cake, KUS doesn’t have an infinite supply.
The goal is to come up with the most fair and equal distribution of the token supply so that early holders are heavily rewarded, while at the same time creating strong incentives for long term growth, encouraging new investors to join our ecosystem.
This is the breakdown of the KUS supply:
350,000,000 → Total supply/hardcap
345,000,000 → Emissions
→️ Farms / Launchpools: 85.7% per block
→️ KuDrops: 4.3% per block
→️ Holders Insurance: 1% per block
→️ Team: 9% per block
2,000,000 → KuSwap Foundation Tokens (Development / Hiring) — Locked and Vested 24 months
2,000,000 → Marketing and Partnerships — Locked and Vested 24 months
400,000 → Presale including referrals
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.