KingKong Ecosystem
  • 🐡About KingKong DOGE
    • πŸ”­Our Vision
    • πŸ€”Why KingKong DOGE?
  • Overview
    • πŸ”₯Our Features
      • πŸ’‘A Community Driven Token
  • Product Guides
    • πŸ”KingKong DOGE Swap
    • πŸ“’Public presale/crowdfunding
    • 🎁KingKong DAO
      • πŸ‘¨β€πŸ”§Membership of the DAO/AI Minting dApp
      • πŸ“œDAO Proposals
        • πŸ—žοΈGeneral Proposal
        • πŸ’°Funding Proposal
        • πŸ› οΈTechnical Proposal
      • πŸ“±AI NFT Minting dApp
  • πŸ€‘Benefits of KingKong DAO
  • Fundamentals
    • πŸͺ™Tokenomics
      • 🌐Token Distribution
      • 🦧Tax Breakdown on Buying
      • πŸ“ΆTax Breakdown on Selling
  • πŸ›£οΈPathway
    • πŸ—ΊοΈRoadmap
      • 1️⃣Phase 1
      • 2️⃣Phase 2
      • 3️⃣Phase 3
      • 4️⃣Phase 4
Powered by GitBook
On this page
  1. Product Guides

KingKong DOGE Swap

To start with the whole process and explain better how things will work out, Let’s review the process of KingKong Doge Swap:

  1. Our Decentralized Exchange (DEX) will offer the most advanced liquidity, swapping farming, and pooling options. Any dedicated user of our platform can add liquidity for any pair, and the other users can easily start swapping that pair.

  2. Swapping in general is the exchange of one token or coin with another. Swapping is always associated with liquidity, hence, we refer to liquidity as a crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a Decentralized Exchange (DEX). KingKong's DOGE Swap will be a DEX on BSC. The KingKong Doge token deployed on the BSC chain will be bridged to the ETH chain, and that deployed on the ETH chain will be bridged to the BSC chain. The rewards for the farms & pools of the DEX will be provided with the bridged tokens.

  3. Similarly, Yield farming, or liquidity farming, is the act of lending or staking your KingKong Doge token into a liquidity pool, through DeFi (Decentralized Finance) to receive rewards such as interest and more of their staked cryptocurrency.

  4. If you desired to have a pool or a farm on our KingKong Doge DEX, you will need to fill out a form that will be submitted to the owner of the platform. As a result, this owner will be responsible for creating a pool or a farm for that respective token.

  5. A total of 0.3% swapping fee will be applicable, with the further breakdown as follows:

    1. 0.2% to Liquidity Pool providers

    2. 0.05% to the treasury

    3. 0.05% to buy back and burn KingKong Doge Tokens

  6. If any user holds a certain amount of KingKong Doge tokens, there will be a 0% platform fee for the KingKong Doge token, as well as the pair.

PreviousA Community Driven TokenNextPublic presale/crowdfunding

Last updated 2 years ago

πŸ”