How to become a KLAYswap affiliate

What Is KLAYswap?

Klayswap is a complete on-chain instant swap protocol. It offers an on-chain liquidity pool powered by an automated market maker (AMM). Its main value proposition is offering anyone with a KCT-type token to become a liquidity provider and earn income from transaction fee commissions. The exchange enables token swaps from Ethereum to the Klaytn ecosystem via its Orbit Bridge, an IBC bridge built on the Orbit chain, which is a part of the Cosmos ecosystem.

In KLAYswap, Ethereum-based tokens (ETH, ORC, DAI, WBTC) can be transferred to the Klaytn ecosystem via Orbit Bridge, a transparent IBC bridge, built on Orbit Chain, to offer yield farming with asset pairings previously unconnected in the decentralized world

Users can provide liquidity by matching KLAY-KCT pairs with the token contracts created in the exchange’s pool menu. With the LP tokens, they receive a share of the trading fees generated by the token pair. Any token listed in the protocol is available for trading. The price depends on the number of pairs of the respective tokens.

Furthermore, the governance token allows users to participate in improvement proposals and to pay for a KCT token pool contract creation fee. Tokens can be acquired through a process called liquidity mining.

Various people can participate in the KLAYswap ecosystem, including long-term investors who want to hold cryptocurrency for a long time, investors who want to earn income through commission fees, and miners who want to take part in governance through KSP mining. Token holders can influence the governance of the DEX and vote on fees, mining distributions, and deploying new smart contracts. The token can also be used to pay the pool creation fee for founding a new liquidity pool on the exchange.

Who Are the KLAYswap Founders?

As a trustless on-chain swap protocol, Klayswap has no founder or CEO leading the exchange. Instead, anyone that wants to participate in the decentralized and trustless swapping of tokens between KCT tokens and other standards can participate in its governance.

When Did KLAYswap Launch?

Klayswap launched in January 2021.

Where Is KLAYswap Located?

There is no headquarter since the exchange works in a decentralized way.

KLAYswap Restricted Countries

At the time of writing, there is no information about restricted countries on this exchange.

KLAYswap Supported Coins List

The exchange supports all tokens that adhere to the KCT token standard, such as KSP and KLAY.

How Much Are KLAYswap Fees?

At the time of writing, token swaps incur an industry-standard 0.3% fee both for makers and takers. Fees can be changed by community governance.

Is It Possible To Use Leverage or Margin Trade on KLAYswap?

Klayswap does not offer leverage or margin trading.

##Who participates in KLAYswap?

KLAyswap participants include liquidity providers and traders. You can provide liquidity by matching KLAY-KCT pairs with the token contracts created in KLAYswap’s Pool Menu. If providing liquidity, you will receive a Liquidity Provider (LP) token as a supply certificate. You will receive a reward share of the fees from that respective pool as a contribution reward. Tokens listed in the protocol can be traded with KLAY or KCT within the scope of the respective pool. The transaction price is based on the existent number of pairs of the respective tokens.

KLAYswap, as a trustless on-chain swap protocol, is a service created by all participants (liquidity providers, traders, and community members) and not by a particular operator. With this and the decentralized, trustless philosophy of blockchain in mind, KLAYswap issued the KSP (KLAYswap Protocol) governance token so participants can create KLAYswap’s policies and direction and lead to the gradual, continued development of the service.

##Yield Farming on KLAYswap and getting the KSP token

With the KSP governance token, KLAYswap is officially owned by all participants and allows participants to obtain their own continuity of service. KLAYswap, valuing the principle of neutrality and trustlessness, limits the role of KSP to contributing to the development of protocols and the development of service ecosystems so that the protocol’s governance can be strictly observed. KSP has the main utilities of governance voting and paying for a KCT token pool contract creation fee.

In KLAYswap, a complete on-chain instant swap protocol, traders can not only experience immediate transactions via liquidity pools, but also develop services by deciding the policy and direction of KLAYswap with the KSP governance token.

In addition, users can receive various forms of compensation, including transaction fee revenue, for contributing to the growth of the protocol. Various people can participate in the KLAYswap ecosystem, including long-term investors who want to hold cryptocurrency for a long time, investors who want to earn income through commission fees, and miners who want to participate in KLAYswap governance through KSP mining.