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Author Topic: [ANN] KimchiSwap - Swapping, Providing liquidity, creating markets and Staking  (Read 349 times)
irfan_pak10
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September 23, 2020, 10:57:22 AM
 #1

**DISCLAIMER: Kimchiswap is not affiliated to the recently launched ‘Kimchi Finance’ in any way.













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September 23, 2020, 10:57:43 AM
 #2

[reserved]

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September 23, 2020, 11:23:44 AM
 #3

They have any plan to launch bounty campaign? I would like to know the current status of layer 2 scaling protocol is that active on that platform or not? What is the final date of implement of this protocol at the moment ETH is suffering with high transaction fees?
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September 23, 2020, 12:26:30 PM
 #4

@adSePro Not exactly, KimchiSwap V1 is currently being developed on Ethereum, it just isn't a fork or clone of Uniswap (Most other Swap protocols out there are). KSWAP is the official KimchiSwap token, you can stake it to earn 4% APY and also a share of the transaction fees on the protocol. Hope that makes sense.

@TeraBite A small bounty campaign may be launched shortly, please stay tuned to the [reserved post]

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September 23, 2020, 01:45:47 PM
 #5

Kimchiswap community is quite active and supportive. The token is also verified on Etherscan. Can you share some more details about your token listing plan? I recently heard Binance is supporting DeFi tokens ininnovative section
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September 23, 2020, 01:47:47 PM
 #6

@adSePro Not exactly, KimchiSwap V1 is currently being developed on Ethereum, it just isn't a fork or clone of Uniswap (Most other Swap protocols out there are). KSWAP is the official KimchiSwap token, you can stake it to earn 4% APY and also a share of the transaction fees on the protocol. Hope that makes sense.

@TeraBite A small bounty campaign may be launched shortly, please stay tuned to the [reserved post]



You can prefer staking over bounty. In DeFi world it is very important your supportive community members hold your tokens
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September 23, 2020, 06:04:31 PM
 #7

I see Invite Only sell is planned in 14/09/2020, so can we say it's already started?
Also, how long will the website sale last? I guess the time will be short, since I saw in the roadmap listed on the exchange is in October, so people must have thought so.

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September 23, 2020, 09:50:03 PM
 #8

The concept is really cool, DeFi space growing much more nowadays, KimchiSwap making it more user friendly. I liked the liquidity policy also for the token issuers need to hold funds in order to list token.
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September 23, 2020, 10:39:56 PM
 #9

KimchiSwap is not a fork of Uniswap nor alike to many other AnySwaps and it is not built on uniswap code. The KimchiSwap platform is powered by its own native token, KSWAP - an ERC-20 token built on the Ethereum Blockchain.

Good that they are not following those platforms. But I guess, they extract the idea from Uniswap or Sushiswap. I thought at first, this project may have Koreans in their team because we know where Kimchi originates from. But seems that the team members have no Korean blood. Anyway, looking forward what this platform will offer to the community.

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September 23, 2020, 11:11:00 PM
 #10

Is this a part of the kimchi.finance that has already launched before by kimchiman? Do you have any affiliation with it?

Based your explanation if it seems like kimchi swap is very similar with the sushi, right?

Will try to join in your group and try to take a look at your project for a while.


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September 24, 2020, 12:42:34 AM
Last edit: September 25, 2020, 08:15:08 AM by mprep
 #11

I see Invite Only sell is planned in 14/09/2020, so can we say it's already started?
Also, how long will the website sale last? I guess the time will be short, since I saw in the roadmap listed on the exchange is in October, so people must have thought so.

Sale will finish around the 15th of October from our website, we will be listing on Uniswap and some other exchanges after that. 



Is this a part of the kimchi.finance that has already launched before by kimchiman? Do you have any affiliation with it?

Based your explanation if it seems like kimchi swap is very similar with the sushi, right?

Will try to join in your group and try to take a look at your project for a while.



Good Question, Zero affiliation with Kimchi.finance...  I think you will find that disclaimer hopefully everywhere we have launch copy (I hope) - no disrespect to that team intended by that.

Sushi is different in the fact that it uses Uniswap code and or is a fork of Uniswap.

The only similarity we have to Sushiswap is that we are a swap protocol, however the key difference between us and Uniswap, Sushiswap etc, is that we have designed our own protocol coding and UI, we are not operating off Uniswap Interface.

We will also have layer 2 scaling implemented in the short term to combat the scaling issues of ETH and to assist in reducing transactional gas fees.

Hope that answers your question and thanks for your interest in the project, please feel free to reach out to our devs if you need any other information that I perhaps can't answer though Wink

[moderator's note: consecutive posts merged]
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September 24, 2020, 02:16:57 PM
 #12

What about the KSWAP token real usages? is there any plan to token burn process in order to attract more investors?
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September 24, 2020, 02:45:29 PM
 #13

What is The uniqueness of the KimchiSwap platform that cannot be found in competitor projects. Why do you think KimchiSwap is the best in performance?
MartinBG99
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September 24, 2020, 04:17:19 PM
 #14

KimchiSwap is not a fork of Uniswap nor alike to many other AnySwaps and it is not built on uniswap code. The KimchiSwap platform is powered by its own native token, KSWAP - an ERC-20 token built on the Ethereum Blockchain.
They'll allow staking? for example stake XX token in order to earn KSWAP r stake KSWAP in order to earn xx token?
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September 24, 2020, 09:24:53 PM
 #15

Adoption is one of the important factors that all sustainable blockchain projects should focus to be more attractive in the investors’ eyes. What KimchiSwap platform has done and plans to do to achieve real world adoption?
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September 24, 2020, 09:25:04 PM
 #16

I see in the https://kimchiswap.io/buy-token/ the softcap looks like already achieved, glad to see that, so then it can be a proof at least this project will running after IEO ends.
What about the KSWAP token real usages? is there any plan to token burn process in order to attract more investors?
I can't found that they have plan to burn some token, but KSWAP has ability to do it. I saw in the whitepaper, the short story is that the KSWAP token can be used as a substitute for payment of fees on the kimchiswap, so that way we don't need eth to pay fees.

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A New Paradigm of Decentralized Finance


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September 24, 2020, 09:33:45 PM
 #17

I see Invite Only sell is planned in 14/09/2020, so can we say it's already started?
Also, how long will the website sale last? I guess the time will be short, since I saw in the roadmap listed on the exchange is in October, so people must have thought so.

Sale will finish around the 15th of October from our website, we will be listing on Uniswap and some other exchanges after that. 
So like that, we can say sale will complete in the midle of October. At first, it might be a good thing to be listed on Uniswap, then it might be followed by some centralized exchanges such as Hotbit, Bilaxy, Okex and BitForex. there may be other input from the community.

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Crypto.Sadlu8
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September 24, 2020, 09:54:33 PM
 #18

What is your strategy for building a strong community? Do you agree that the power of the community will lead your project to develop globally? What services do you provide to the community?
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September 25, 2020, 07:26:22 AM
 #19

What is The uniqueness of the KimchiSwap platform that cannot be found in competitor projects. Why do you think KimchiSwap is the best in performance?


I thought that you can try to read some posts above you and you will actually find a good answer for your question or i will try to mention the answer that has already created for my question and it has answered your question too.

Is this a part of the kimchi.finance that has already launched before by kimchiman? Do you have any affiliation with it?

Based your explanation if it seems like kimchi swap is very similar with the sushi, right?

Will try to join in your group and try to take a look at your project for a while.



Good Question, Zero affiliation with Kimchi.finance...  I think you will find that disclaimer hopefully everywhere we have launch copy (I hope) - no disrespect to that team intended by that.

Sushi is different in the fact that it uses Uniswap code and or is a fork of Uniswap.

The only similarity we have to Sushiswap is that we are a swap protocol, however the key difference between us and Uniswap, Sushiswap etc, is that we have designed our own protocol coding and UI, we are not operating off Uniswap Interface.

We will also have layer 2 scaling implemented in the short term to combat the scaling issues of ETH and to assist in reducing transactional gas fees.

Hope that answers your question and thanks for your interest in the project, please feel free to reach out to our devs if you need any other information that I perhaps can't answer though Wink

Im looking forward for it.

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September 25, 2020, 08:53:08 PM
 #20

What is your strategy for building a strong community? Do you agree that the power of the community will lead your project to develop globally?
They will hold some small bounty and marketing, I think it's enough to build community for this project. By forming a community, of course they agree with various reasons that might take their project in any direction. Whatever the reason, I think they have thought it through.

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