{"id":401617,"date":"2020-12-17T07:03:26","date_gmt":"2020-12-17T12:03:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401617"},"modified":"2020-12-17T07:03:26","modified_gmt":"2020-12-17T12:03:26","slug":"defi-projects-kingswap-and-riodefi-partner-to-boost-rewards","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/defi-projects-kingswap-and-riodefi-partner-to-boost-rewards\/","title":{"rendered":"DeFi Projects KingSwap and RioDeFi Partner to Boost Rewards"},"content":{"rendered":"

\nKingSwap adds RioDeFi\u2019s RFUEL token and farming pool to its platform, while adding new rewards for DEX participants
\n<\/h2>\n
\n

Singapore, Dec. 17, 2020 (GLOBE NEWSWIRE) — (via Blockchain Wire<\/a>)\u00a0DeFi projects KingSwap<\/a> (www.kingswap.io) and RioDeFi<\/a> today announced a partnership to boost rewards for users, aimed at increasing participation in staking and farming pools. Through this partnership , KingSwap will list RioDeFi\u2019s RFUEL tokens on its decentralized exchange (DEX). RioDeFi will also provide a farming pool on KingSwap for all users who want to generate yield from RFUEL.<\/p>\n

\n \n <\/p>\n

KingSwap will reward both traders and liquidity providers for using the DEX. Any user who provides liquidity for the RFUEL-USDT pair on KingSwap\u2019s DEX will be given RFUEL-USDT KLP (King Liquidity Provider) tokens. KingSwap users who trade in the RFUEL-USDT pool will be awarded with KST (KingSwap Slippage Tokens) for every trade executed. Both KLP tokens and KST tokens can be staked in the RFUEL farming pool. 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.\u00a0<\/p>\n

\n \n <\/p>\n

\u201cKingSwap and RioDeFi share a mission to drive DeFi adoption through easy-to-use, high-reward features,\u201d said Malcolm Tan, Chief Advisor at KingSwap. \u201cThe opportunity to collaborate gives both our users new perks, while boosting DEX activity on the KingSwap platform.\u201d\u00a0<\/p>\n

\n \n <\/p>\n

KingSwap is a high-yield liquidity platform that offers extensive staking rewards, digital collectibles, and fiat conversions. An evolution of Uniswap, KingSwap provides user-friendly features that provide real-time benefits in terms of price curves and contributor rewards. Last month, KingSwap achieved $4 million USD in transaction volume in its first three days on Uniswap. KingSwap\u2019s DEX features are available directly through its website https:\/\/www.kingswap.exchange<\/a>.\u00a0<\/p>\n

\n \n <\/p>\n

KingSwap was founded by a team of experienced leaders in banking, finance, and crypto, including Dr. Anish Mohammed<\/a>, who has advised and worked for companies including HSBC, Lloyds, and Zurich, and was an early advisor to Ripple and Ocean Protocol; Dunstan Teo<\/a>, Chief Architect of the Fido Protocol and President of Sanctum Pte Ltd.; and Ho Chin Shin<\/a>, who previously worked as a director at Standard Chartered Bank; Nomura, Japan\u2019s largest investment bank; and the Bank of Singapore.\u00a0<\/p>\n

\n \n <\/p>\n

KingSwap\u2019s advisors include Venture Capitalist Dr. Giampaolo Parigi (PhD); Professor Alex Nascimento (MBA), Faculty and Co-Founder, Blockchain at UCLA; Michael Terpin, Founder and CEO of Transform Group and Co-Founder of BitAngels; Lionel Iruk, Esq.(J.D), Dr. Robert Choi (PhD), and Frank D.(MBA).\u00a0<\/p>\n

\n \n <\/p>\n

To learn more about KingSwap, join the KingSwap Telegram<\/a> group or follow the project on Twitter<\/a>.\u00a0<\/p>\n

\n \n <\/p>\n

\n ABOUT KINGSWAP<\/b>
\n
\n KingSwap<\/a> (https:\/\/www.kingswap.io\/<\/a>) is a DeFi project based out of Singapore that is introducing a liquidity pool platform with fiat conversions. KingSwap\u2019s high-yield liquidity platform offers extensive staking rewards, digital collectibles, and fiat conversions. An evolution of Uniswap, KingSwap provides user-friendly features that provide real-time benefits in terms of price curves and contributor rewards.\u00a0<\/p>\n

\n ABOUT RIODEFI<\/b>
\n
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. RioDeFi\u2019s vision is a world in which everyone has access to decentralized financial (DeFi) services. RioDeFi develops solutions that connect banking institutions with blockchain systems. RioDeFi applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.<\/p>\n

\n

\n
\n
\n \n <\/div>\n

\n
Media Contact: Transform Group, kingswap@transformgroup.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
KingSwap adds RioDeFi\u2019s RFUEL token and farming pool to its platform, while adding new rewards for DEX participants Singapore, Dec. 17, 2020 (GLOBE NEWSWIRE) — (via Blockchain Wire)\u00a0DeFi projects KingSwap (www.kingswap.io) and RioDeFi today announced a partnership to boost rewards for users, aimed at increasing participation in staking and farming pools. Through this partnership , KingSwap will list RioDeFi\u2019s RFUEL tokens on its decentralized exchange (DEX). RioDeFi will also provide a farming pool on KingSwap for all users who want to generate yield from RFUEL. KingSwap will reward both traders and liquidity providers for using the DEX. Any user who provides liquidity for the RFUEL-USDT pair on KingSwap\u2019s DEX will be given RFUEL-USDT KLP (King Liquidity Provider) tokens. KingSwap users … <\/p>\n
Continue reading “DeFi Projects KingSwap and RioDeFi Partner to Boost Rewards”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401617","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDeFi Projects KingSwap and RioDeFi Partner to Boost Rewards - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/defi-projects-kingswap-and-riodefi-partner-to-boost-rewards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DeFi Projects KingSwap and RioDeFi Partner to Boost Rewards - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KingSwap adds RioDeFi\u2019s RFUEL token and farming pool to its platform, while adding new rewards for DEX participants Singapore, Dec. 17, 2020 (GLOBE NEWSWIRE) — (via Blockchain Wire)\u00a0DeFi projects KingSwap (www.kingswap.io) and RioDeFi today announced a partnership to boost rewards for users, aimed at increasing participation in staking and farming pools. Through this partnership , KingSwap will list RioDeFi\u2019s RFUEL tokens on its decentralized exchange (DEX). RioDeFi will also provide a farming pool on KingSwap for all users who want to generate yield from RFUEL. KingSwap will reward both traders and liquidity providers for using the DEX. Any user who provides liquidity for the RFUEL-USDT pair on KingSwap\u2019s DEX will be given RFUEL-USDT KLP (King Liquidity Provider) tokens. 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