[ANN] KimchiSwap - Swapping, Providing liquidity, creating markets and Staking

[irfan_pak10]

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

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[irfan_pak10]

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[TeraBite]

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?

[kimchiswap]

@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]

[cryptoperu]

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

[cryptoperu]

@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

[sukoyomi]

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.

[onlypsgroup]

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.

[Twinkledoe]

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.

[WalkerIVIV]

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.

[kimchiswap]

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

[moderator's note: consecutive posts merged]

[sukoyomi]

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.

[necromastery]

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.

[WalkerIVIV]

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

Im looking forward for it.

[Fujiati]

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.

[kimchiswap]

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.

I think it will not only rely on our marketing strategies and community building skills. I really believe that when our V2 is released with level 2 scaling, this will assist us in becoming more reputable.  When people realise they can have UI that not only supplies the non custodial experience of a DEX with seriously low transaction / trading fees. Then hopefully news will spread about the calibre of our project more. Only time will tell.

[kojektea]

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.

I think it will not only rely on our marketing strategies and community building skills. I really believe that when our V2 is released with level 2 scaling, this will assist us in becoming more reputable.  When people realise they can have UI that not only supplies the non custodial experience of a DEX with seriously low transaction / trading fees. Then hopefully news will spread about the calibre of our project more. Only time will tell.

great enthusiasm sir, this will be successful if all missions will be carried out even if it is slow but continue to make progress, it looks like it has been registered in Coincengko this will be easier to track down the new community

[bryancruZ]

KimchiSwap is loaded with some features that have the potential to revolutionize the DeFi Swap, but it is a question how it will be in real. We'll see it in the future

[iphone5s]

KimchiSwap is loaded with some features that have the potential to revolutionize the DeFi Swap, but it is a question how it will be in real. We'll see it in the future

Maybe they need a few years to make it real. Don't miss it to see if that really happens in the future.