Greetings KSwap Fam!
In this article we would like to share the progress the team has made in the past month and significant community involvement we have witnessed. This monthly project report has been viewed as a critical medium whereby the team maintain a high level of transparency between us and the KSwap community. The community is a backbone for the entire KSwap ecosystem, making this project great. The team greatly appreciate the support, patience, and trust from the KSwap community. Your positive spirit continuously influence and encourage the team to deliver innovative and secure ways to support the whole KSwap financial ecosystem. Many thanks, as always.
Overview of platform usage
Users continue to support KSwap by helping to test existing and newly added features. We achieved a few milestone in the past month.
- “Feel the Beauty of Trading.” A refreshingly new look of KSwap website is online. When users open kswap.finance for the first time, they will be directed to a welcome page where they can find trading app, help center, product overview, documents, social medium channels, and other great resources.
- We are still in the testing stage. One highlight is that in May the total liquidity managed to maintain a level of around $30 b, a fivefold increase compared to the average volume in April. This magnitude of rise indicates a renewed interests from other projects to provide liquidity on Kswap platform. KSwap platform is dedicated to serve a prime venue connecting liquidity providers and the users of a decentralized financing world.
We have seen a tremendous success in our latest event of KUniverse Mystery Box airdrop in May. Two thousand lucky users who completed a few simple tasks were randomly selected and each of them will obtain a mystery box when the project is deployed on the mainnet. Again, much gratitude is given to those participants of this event, and big congratulations to those winnners.
The optimization of KUniverse card mining algorithm
The team is continuing the optimization of KUniverse, an original NFT system that is featured by celestial bodies themed cards. The team has finished a much improved algorithm for new card minting mechanism and process.
KStarter is a launch zone of new projects, released by KSwap finance. It has been online and users can test various functions by launching hypothetical projects as teams or joining IDO as users. The team received many valuable feedback from the community and have been fixing bugs since.
The development of KSwap Treasury and Kswap oracle
The team has fully developed the smart contracts of KSwap Treasury and Kswap oracle, and these new contracts have become a integrated part of our product landscape.
Please rest assured that the KSwap team will spare no effort to ensure that new features are well-functioned and highly secured. For those users who has been with us from the time being, thanks much and please bear with us. For new users and friends, welcome to the KSwap community. Join us on our wonderful Defi+NFT journey!