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Kingswap Project Introduces New NFTs

The VeChain Foundation Partners With Cyprus’ Grant Thornton
The VeChain Foundation Partners With Cyprus’ Grant Thornton

NFTs, otherwise known as Non-Fungible Tokens, are getting more attention as blockchain technology improves and increases in size. As a result, more decentralized applications (dApps) are implementing such assets into their design. These could be “special items in games, paintings, songs, diamonds, identity, voting, loyalty programs, provenance in supply chain, financial documents,” and so much more.

The Kingswap project is bringing in 3 NFT tiers to its platform, according to a press release from the group, the King VampQueen Sparkle, and Knight Lancelot NFTs.

“Buyers of these 3 types of NFTs of the Kingswap project can enjoy loyalty rewards from the $KING tokens being issued by the Kingswap project. This allows the purchasers to enjoy similar benefits to the early users of the very popular Uniswap project, which gave an airdrop of 400 UNI tokens to all their users from before 1 September 2020, which was a huge bonus payout to their early supporters (approximately USD 1200 worth of rewards for free at the initial issue price of USD 2,90 per UNI token when distributed),” the press release notes.

KingSwap is a decentralized exchange that plans to compete with popular platforms like the recently exploding Uniswap one. It’s actually a fork of that project, hence the similarities.

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