KSwap Finance is a trading platform that works on the DeFi system and is designed to meet financial requirements based on blockchain technology. The platform carries out various mining mechanisms like liquidity mining and transaction mining and supports a digital currency exchange. Security and smooth user experience is the priority of KSwap as it offers diversified assets and facilitates safe and secure transactions. This AMM-based platform has launched two products to complete users' needs, i.e., KUniverse and KStarter.
According to its whitepaper, KSwap gives a fixed percentage of transaction fees to make a dividend pool. NFT holders have to stake their cards before the dividend pool starts. The total of staked arithmetic power is the user's weight utilized for the dividend. Thus, NFT holders will receive rewards once the dividend pool starts.
The KSWAP Finance’s utility token is named KST. All the KST token holders interfere in the governance of KSWAP Finance by voting. The platform uses an on-chain governance system for the voting system using the KSWAP DAO protocol. DAO (Decentralized Autonomous Organization) is a community-driven entity with no central authority.
The token holders with one hundred thousand KST can create a proposal and vote for it. Proposals are of various types, such as distribution of buyback pool tokens, team tokens, market tokens, transaction fees, adjustment of the mining pool's arithmetic power, and other proposals. After creating the proposal, the voters have a seven-day window for voting. If the votes in favor of the holder’s proposal exceeds 10 percent of the token's present circulation, the proposal would be approved.
