KingSwap, the regulated De-Fi project based out of Singapore, has deployed its latest technology: The newly improved KingSwap XDAI Bridge.
The new platform is designed to allow users to purchase NFTs and loot boxes with ease, while simultaneously greatly reducing gas fees and allowing the community to purchase KingSwap packages at reasonable prices. Additionally, the new system paves the way for users to purchase loot boxes and swap them for higher cash rewards.
The bridge can be accessed via the KingSwap Exchange. Users will need to convert their “old $KING” or “new $KING” to the new XDAI tokens “xo$KING” and “x$KING” respectively. Following this, they are required to switch networks by following this handy guide. Not confusing at all.
KingSwap is a Fully Decentralized Finance protocol for Automated Liquidity provision on Ethereum. The platform allows users to trade, swap, buy & sell NFTs. In addition to offering off-ramp fiat currency conversions, it acts as a transition point between the fiat and cryptocurrency worlds.
As gas prices continue to slow down the side of the NFT industry running on the Ethereum blockchain, we’re hoping to see more projects follow suit, sooner, rather than later.
Image credit: via KingSwap
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