Introducing KurtSwap — decentralized spot and futures trading platform on Binance Smart Chain

Introduction:

KurtSwap is a decentralized spot and futures trading platform built on top of Binance Smart Chain with a mission to democratize access to finance, which correlates with the idea of Decentralized Finance (DeFi).

Most of current largest DeFi exchanges are focused towards spot trading and swap. However, a large chunk of the current finance system works on lending and derivatives.

Kurtswap aims to be the major disruptor in De-Fi space by bringing current financial products in decentralized fashion. We begin our journey with spot and futures trading.

Power to the community:

After the 2008 financial crisis the regulators and large institutions aren’t trusted enough to have power over controlling world finances. Pushing the goal of De-Fi and PorkSwap of democratizing access, the PorkSwap platform is fully community governed, and we mean it!

With KurtSwap tokens, on our governance platform you’ll be able to create polls and vote for protocol changes that include changing the way we operate, changing the way the platform generates revenue, changing the incentives and changing the world for the better.

Why Binance Smart Chain:

Uniswap being the market leader on De-Fi spot trading space with their unique design of Automated Market maker and sought after project is marvelous in it’s working however the fact that it’s built on Ethereum blockchain and the gas averaging 238 (at the time of writing) it’s very cost insufficient to keep on trading there.

Binance Smart Chain is an imitation of Ethereum network with improvements that makes the gas fees to be reasonably cheap around 20 on average, that’s 10 times cheaper than that of Ethereum.

Spot Trading:

To be honest, the spot trading protocol works similar to that of Uniswap, SushiSwap, and Pancakeswap.

With key differences from Uniswap and SushiSwap is Faster and Cheaper!

PancakeSwap does a similar job being a fork of Sushi, however it’s underlying protocol is not flexible to changes as per community’s requests.

With kurtSwap we’re using Spot Trading as the foundation for offering current FIAT world financial protocols and decentralized fashion.

Futures / Leveraged Trading:

Using futures as the first financial product offering (FPO) we encourage the community to provide liquidity to the lending pool just like users hold money in their banks ( while banks screw them up by making a lot of money on their money and rewarding them with almost nothing).

As a trader: You’ll borrow funds from the lending pool at an interest rate of 2.4% per day to increase leverage on your trades which increases the chances of profits. Of Course the risk to increase more is involved.

As a lender: You’ll provide liquidity to the lending pool earning you 2.4% interest on your each active lending every day. The problem with other decentralized lending pools is as the pool grows the chances of your funds being used there is lower. This is why our protocol prioritizes using funds from early lenders so the get the most out of the platform.

Deflation:

While all other platforms Sushi, Pancake or any other KWAP you hear works on an inflationary model which means platforms like Pancake mint 750,000 CAKE tokens per day, that’s right per day making it very high inflationary more than that of FIAT.

With KurtSwap our focus is to buy back KSWAP tokens using revenue generated from 0.05% of spot trade and 3% of profit share in leveraged trading. As per our estimates the KSWAP token is supposed to be deflated around 30X within its first year of operations.

Oracles:

The futures trading is all about betting against the pricing, this is why KurtSwap will create a customized oracle on Binance Smart Chain to fetch real-time prices from centralized and decentralized trading platforms.

Platform Images:

KSWAP Tokenomics:

KSWAP has a fixed supply of 5,000,000 tokens which will be used for the platform’s governance and rewards.

Distribution:

• 2,500,000 tokens will be locked for community rewards for providing spot and leveraged liquidity which will be unlocked every blocks ( Unlocked amount will be decided by community)
• 1,250,000 tokens will be distributed over public sale
• 500,000 tokens will be used as liquidity to DEX listings
• 500,000 tokens will be reserved for bug bounty, white hat hacking, airdrops, and marketing campaigns.
• 250,000 tokens will be for the KurtSwap team that will be locked for 18 months.

KSWAP Pre-Sale Tokens will be offered to pre sale with price of $1 via smart contract on September 25th, 2021 at 5:00PM UTC.

Public Listing: Tokens from the listing wallet will be used to create an initial trading pool on PancakeSwap on October 15th, 2021. The listing price will be $5.

KSWAP AirDrop:

To celebrate the launch of Kurtswap protocol, 250,000 PSWAP tokens will be distributed to lucky

10,000 participants, who have traded at least once on Pancakeswap.

KSWAP tokens before public listing will be distributed at value of $5 per token.

To quality for airdrop you need:

1. Wallet address that has traded on Pancakeswap first in it’s lifetime

2. Follow our official Twitter account

3. Claim Airdrop from our website.

Social Links:

• Website: https://kurtswap.finance/
• Telegram: https://t.me/kurtswap
• Twitter: https://twitter.com/KurtSwap
• YouTube: https://www.youtube.com/channel/UCmpRnVI8BflBb67BB8wH_fw