KingSwap, a self-described “fully regulated DeFi project based out of Singapore that is introducing a liquidity pool platform with fiat conversions. KingSwap’s high-yield liquidity platform offers extensive staking rewards and digital collectibles,” has hit $4 million in transaction volume in just three days, according to a press release.
The asset launched at lower than $0.01 at the time, though it headed up to $0.13 a few days later.
Speaking on the matter is Malcolm Tan, an advisor at KingSwap, who said:
“Early support for Uniswap shows the DeFi boom is just getting started, and that there’s global demand for KingSwap’s unique offering. We’re pleased by KingSwap’s initial popularity on Uniswap, and plan to keep our momentum going with several campaigns in the coming weeks and months. Very few new projects have been able to achieve the recognition and support, much less the volume, that KingSwap has achieved from its IDO on Uniswap.”
The platform’s advisors are the following:
“Dr. Christian Rio, Chief Executive Officer at Green Candle X Capital; Venture Capitalist Dr. Giampaolo Parigi; Professor Alex Nascimento, Faculty and Co-Founder, Blockchain at UCLA; Michael Terpin, Founder and CEO of Transform Group and Co-Founder of BitAngels; Lioenl Iruk, Esq., and Dr. Robert Choi.”