KingSwap Open Official Limitless Token Swap Mode for All Holders of $KING Tokens for 100 Days
Singapore, April 19, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) -
KingSwap announced today that its Official Token Swap Mode is now open for all holders of old $KING tokens, who can participate without limitations, and with no restrictions on the slots opened. Previously, the Stage 1 Layer 2 Implementation kickstarted the Beta Token swap program that allowed holders of the old ERC-20 $KING tokens, but who did not purchase any NFTs, a chance to swap their old tokens for new $KING Tokens. The initial program also provided a chance for some NFT holders to take up limited slots in the beta testing stage.
KingSwap has now transitioned to a full-scale deployment which allows token holders to progress to the current Stage 4, where all users are able to swap limitless amounts of their old $KING tokens from April 17, 2021 to April 25, 2021. However, once token swaps have occurred, users will not have the ability to convert tokens back to the old $KING ERC-20 tokens.
For those users who are holding onto KingSwap’s NFTs, there will be an exclusive tier of benefits for each tier of NFTs that they hold. Please refer to KingSwap’s website for further details.
Both NFT and non-NFT Holders will be able to convert their old ERC-20 $KING Tokens through the NFT Rewards Conversion feature. They will be able to swap limitless amounts during this program, with all swapped tokens to be credited to their wallets by July 27, 2021. By April 25, 2021, users must place all old $KING into the NFT conversion system so that the system’s smart contract will distribute the new $KING tokens gradually to the users. No further swaps may be executed after April 25. Users who place $KING in the NFT Rewards Conversion will be able to extract the rewards of their new tokens daily every 24 Hours after deposits.
These swaps will be held on the KingSwap Layer 1 mainnet, and once the KingSwap Layer 2 mainnet is fully implemented, token holders may also do the same via the xDai Layer 2 system (for lower gas fees).
For users that did not swap completely or place their $KING in the system, KingSwap will not be liable for any losses or claims as these announcements have been made since January 2021 and the public has been duly notified.
ABOUT KINGSWAP’S LAYER 2 IMPLEMENTATION PROGRESS
In summary, KingSwap’s Layer 2 Implementation will:
KingSwap’s Layer 2 implementation will be deployed in three stages:
For users requiring support in their swaps, please reach out to KingSwap’s
ABOUT KINGSWAP’S FEATURES AND ADVISORY TEAM
Transform Group Media Contact: email@example.com Company Contact: Amanda Tan Email Contact: Hello@KingSwap.io
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