Ko Exchange is the most community-driven decentralized platform
KO Exchange, a community driven platform promoting financial well-being by empowering people of all ages and cultures to be in control of their money and create their own wealth opportunities. The KO Exchange blockchain and product ecosystem enable development of high-performance blockchain projects. An array of original features and protocol is designed to support speed, privacy, usability, and liquidity needs all in one platform.
What is KOSwap?
KO Swap is a decentralized exchange (or DEX, for short). KOSwap allows users to trade trustlessly, peer-to-peer, with liquidity that is supplied by other users. This means that new projects can easily connect to their desired markets as long as some entity is willing to provide the liquidity.
KOSwap uses a token wrapping approach for swapping tokens cross chain. Each token swap is a 1:1 mapping from one chain to another chain. For example, you send 1 wrapped Dai token to gateway on chain A, you receive one wrapped Dai token on chain B. If you want to convert your wrapped token to another token, you can use other services inside a blockchain to do the task and hence we will not go into details here.
There are few other models used for cross chain token swapping. A common model is the automated market maker (AMM) which was introduced by the Uniswap team on Ethereum mainnet.
Both wrapping tokens and AMM swapping have their pros and cons. No model is perfect. After weighing each model, the KO team decided to use the wrapping tokens approach as it produces more predictable output and does not require multiple token pairs to work. However, this decision can change in subsequent versions of the app.
KO swap uses Sisu, a decentralized network for cross chain transactions.
KO Token
The $KO token is the heart of our KO exchange ecosystem; it was built on the Ethereum compatible blockchains with a smart code that makes it safe to invest and beneficial to hold.
There will be a maximum 10,000,000 KO tokens in circulation. The token can be used to reward liquidity providers, governance voting.
Earn governance rights and 0.05% of all swaps from all chains in one simple place.
0.05% of every transaction is deducted and redistributed to our pool of holders. It means that just by holding it you will see the number of tokens increasing automatically everyday as the community transacts.
KO Liquidity provider
To be a liquidity provider, holders of any token need to supply equal parts liquidity for that token, and a second token (usually a stable coin). In return, these holders receive KOSwap liquidity provider tokens that represent their share of the pooled liquidity for that token pair. The existence of this pooled liquidity gives other traders access to the underlying tokens in exchange for a small fee, which is distributed proportionately to all the liquidity providers.
To receive KO rewards, users should deposit the token received for providing liquidity. These rewards help bring new coins to the market, and new coins feed the trading volume on KOSwap. Trading volume in turn increases the value of KO tokens.
Tokens are chosen to be on the KOSwap based on the quality and demand of their products.
Ecosystem
- Official KOSwap — include screenshot of the app
- Build on KOSwap — skip this for now
- Expanding KO cross chain ecosystem with Sisu
In the future, KO Exchange will partner with Sisu Network as part of our cross-chain network ecosystem. KO holders will be able to swap cross chain seamlessly and support private transactions.
Sisu network is a decentralized, trustless layer that connects and facilitates seamless transactions between various blockchains. Sisu can support any L1, L2 or sidechain transactions whether it is a token swapping request or smart contract function call.
Supported chains & tokens (including things that’s pending).
- Ethereum
- xDai
- Avalanche
- Polkadot
How to : waiting for final deployment
- Swap (needs screenshot)
- Provide liquidity pool
- Cross chain (beta test)
Username : nakal
