Market Cap
$5,636,556.3
Fully Diluted Valuation
$9,119,557.4
24 Hour Trading Vol
$30,453.4
Circulating Supply
77,966,257.3
Total Supply
112,900,869.2
Max Supply
126,144,000.0
KLAYswap Protocol Price
$0.072
24h Range
$0.067 - $0.073
Percent Change 1h
0.46%
Percent Change 24h
6.87%
Percent Change 7d
6.15%
All-time high
$0
All-time low
$0
1D
7D
1M
1Y
All
KLAYswap Protocol (KSP) is a decentralized exchange (DEX) built on the Klaytn blockchain, designed primarily for the trading of Klaytn-based tokens. Launched in 2021, KLAYswap aims to provide users with a seamless and efficient trading experience while maintaining the principles of decentralization and security. It incorporates an automated market maker (AMM) system, allowing users to swap tokens directly from their wallets without the need for a centralized intermediary. KSP also features liquidity pools, yield farming, and staking mechanisms that incentivize users to provide liquidity and engage in the platform's ecosystem. As of 2024, KLAYswap has gained traction, boasting over 50,000 active users and facilitating millions in daily trading volume.
KLAYswap Protocol was co-founded by a team of blockchain enthusiasts and developers with significant experience in the cryptocurrency and fintech sectors. The key figures include Jaehoon Lee, an experienced blockchain developer, and Hwan-ik Kim, who has a background in software engineering and product management. Together, they envisioned KLAYswap to capitalize on the growing popularity of DeFi (Decentralized Finance) within the Klaytn ecosystem, emphasizing user-friendly interfaces and robust security features.
KLAYswap operates on the principles of an automated market maker (AMM), which allows users to trade tokens directly without needing an order book. Here’s how it works:
Users can contribute to liquidity pools by depositing pairs of tokens (e.g., KLAY and another token). In return for providing liquidity, they receive liquidity provider (LP) tokens that represent their share of the pool.
When users want to swap tokens, they can do so by interacting with the liquidity pools. The AMM algorithm calculates the price based on the ratio of tokens in the pool, ensuring that trades can be executed at any time.
KLAYswap also offers yield farming opportunities, where users can stake their LP tokens to earn additional rewards in the form of KSP tokens. This incentivizes liquidity provisioning and enhances the overall liquidity of the platform.
KLAYswap Protocol supports various use cases within the DeFi ecosystem, including:
Users can trade Klaytn-based tokens easily and quickly, benefiting from lower fees compared to centralized exchanges.
Contributing to liquidity pools allows users to earn transaction fees and rewards, making it a lucrative option for those looking to maximize their crypto holdings.
Users can stake their LP tokens to earn KSP, promoting the sustainability of liquidity on the platform while providing passive income opportunities.
KSP token holders have voting rights on platform proposals, allowing the community to influence the future development of KLAYswap.
Ensuring the safety of your assets on KLAYswap Protocol involves several best practices:
Always use a reputable wallet that supports Klaytn tokens, such as MetaMask or Kaikas. Enable two-factor authentication and consider hardware wallets for added security.
Always verify the URLs before entering any personal information or wallet details. Bookmark the official KLAYswap website to avoid falling victim to phishing scams.
Keep your wallet software and any related applications up to date to protect against vulnerabilities and exploits.
Follow KLAYswap's official channels for updates on new features and security practices, and engage with the community for insights and tips.
Only keep the amount of tokens on KLAYswap that you are comfortable with, and consider using a separate wallet for long-term storage of your assets.
Investing in KLAYswap Protocol (KSP) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy KLAYswap Protocol: Once your account is funded, you can purchase KLAYswap Protocol directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in KLAYswap Protocol using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
KLAYswap Protocol (KSP) is currently trading at $0.072 and exhibits good potential for future growth. Check the latest KLAYswap Protocol (KSP) price prediction.
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