Genesis mining and profitability — after the launch of KSwapFinance

How to take advantage of genesis mining

Genesis mining is a farming period when a project just launches and there are plenty of profitability opportunities. People can usually bag a good amount of rewards when they start to farm in different pools early immediately after a project’s launch. With the launch of KSwapFinance, we have seen this was indeed happening. Let’s have a deep dive into this interesting practice.

Skyrocketing returns brought back by trading mining

The average annual percentage rate (APR) is as high as approximately 9500%, i.e., 26% daily. To be honest, this is insanely high at a first glimpse. However, please note that four days ago, the rate was at least two to three times the current level, which is incredible. The question will be why I would rate trading mining as the top 1 profitability practice. It is because of simplicity and low risks.

data on July 31th

Substantial returns by depositing mining

NFT marketplace — treasury hunters

An average player may choose to dump the earned “free money”, based on the belief that unclaimed rewards cannot be realized if not turned into cashes. An experienced player may see the other wary around and seek to make earned rewards, KST, more profitable. NFT is a treasure land where such goals can accomplish. Let us first check out a short communication about the NFT auction that occurred a few days ago. A top ranked NFT card was traded as an astonishing price of $10K!

The prospect of KswapFinance

KSwapFinance just launched five days ago, but there has already existed a number of indicators worth noting.

data on July 31th
  • KSwapFinance is ranked the top one decentralized exchange by OkLink, an official OKExChain explorer. This ranking has taken into account total value locked, 24H volumes, the number of active users, the number of transactions during the past 24 hours, and so on (https://www.oklink.com/eth/defi/OKExChain?type=dex).
  • KSwapFinance locked a total value of $612 M, the second among all the projects across OKExChian ecosystem, if only only total value locked is compared (https://www.oklink.com/eth/defi/OKExChain).
  • A total number of 267 trading pairs have established on the platform.
  • Renowned projects in the OKExChain ecosystem have selected KSwapFinance as their exclusive partner to provide liquidity of their native tokens. Users can now trade ORG (Orange #OKExChain @orgswap) and KLD (KLend @oklend4) at KSwapFinance. More will be coming.
  • KSwapFinance has established strategic partnership with Baby Doge Coin, ONTO wallet and other partnerships. Via collaborating closely with strategic partners, KSwapFinance strives to expand the OKExChain landscape progressively.

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KSwapFinance

KSwapFinance

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KSwap is an AMM-based token exchange protocol for OKExChain ecosystem.