KSP

KLAYswap Protocol price 
KSP

$0.1944  

1.59% (1d)

KLAYswap Protocol to USD Chart

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KLAYswap Protocol statistics
Market cap
 

1.59%

$12,952,791
#1097
Volume (24h)
 

14.87%

$31,911
#3711
Volume/Market cap (24h)
 
0.25%
Circulating supply
 
66,614,973 KSP
52.81%
Total supply
 
115,970,160 KSP
Max. supply
 
126,144,000 KSP
Fully diluted market cap
 
$24,527,772
KSP to USD Converter
KSP
USD
Price performance
24h 
Low
$0.1903
High
$0.1971
All-time high
May 05, 2021 (3 years ago)
$2,120.76
-99.99%
All-time low
May 13, 2024 (16 days ago)
$0.1752
+10.96%
See historical data
Popularity
In watchlists6,585x
2960th / 10.1K
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About KLAYswap Protocol

KLAYswap is a complete on-chain instant swap protocol that operates with an on-chain liquidity pool, where liquidity is guaranteed by automated market-making (AMM) mechanisms. It is an on-chain swap service that allows anyone that has any KLAY or KCT-type token cryptocurrency to become a liquidity provider and earn income from transaction fee commissions. In KLAYswap, Ethereum-based tokens (ETH, ORC, DAI, WBTC) can be transferred to the Klaytn ecosystem via Orbit Bridge, a transparent IBC bridge, built on Orbit Chain, to offer yield farming with asset pairings previously unconnected in the decentralized world

The KSP token is the governance token of the KLAYswap platform. Holders have the responsibility and authority to determine governance agendas in compliance with the protocol related rules and regulations to lead the development of the service. As such, KSP holders directly participate in deciding things like fees, mining distribution, and contracts. Another main utility of KSP is for creating new liquidity pools. A specific amount of KSP must be paid as a pool contract creation fee when a new KCT token pair pool is created on KLAYswap.

The KSP token has a structure in which tokens can be acquired through liquidity mining. KSP is distributed only through liquidity mining in each Genesis block and is distributed as compensation to KLAYswap liquidity providers in proportion of their provided liquidity to the pool total.