DeFi Project KingSwap Launches Visa Debit Card Globally

Decentralized finance (DeFi) project KingSwap has launched its Visa debit card globally.

Based in Singapore, KingSwap is a fully regulated DeFi that is introducing a liquidity pool platform with fiat conversions. KingSwap’s high-yield liquidity platform offers extensive staking rewards and digital collectibles. Its highly anticipated DeFi DEX boasts unique features including fiat conversions, and a legal structure that addresses major shortfalls within the DeFi space. An evolution of Uniswap, KingSwap provides user-friendly features that provide real-time benefits in terms of price curves and contributor rewards. KingSwap’s NFTs give their owners loyalty rewards from $KING tokens issued. The project was launched on Uniswap on October 31, 2020.

KingSwap’s Visa debit card features a sleek, high-end metal design. The card, which is accepted anywhere that Visa is accepted, offers no annual fees or foreign transaction fees, with rewards of up to 3% back on all deposits. Users will also gain access to benefits and products through KingSwap’s partnerships.

“KingSwap’s Visa debit cards are limited in quantity, and available on a first-come, first-serve basis for users who have completed KYC verification and begun staking on KingSwap,” the company said. “To request a KingSwap Visa debit card, users can sign up here and complete ID verification. Applicants will be notified when their card is ready to ship.”

According to KingSwap, they will release four tiers of Visa debit cards, starting with the King’s Royal Black Card, followed by the Queen Platinum Card, Royal Knight Gold Card, and Blue Squire Card. To acquire a KingSwap Visa debit card in the King’s Card tier, users are required to stake a minimum of 1 King NFT, with an additional 1,000,000 $KING Tokens staked on the KingSwap decentralized exchange (DEX). Queen Platinum Cards require a minimum stake of 1 Queen NFT and 100,000 $KING tokens. KingSwap’s Royal Knight Card and Blue Squire Card offer a lower entry point to the KingSwap ecosystem, allowing users to stake a small amount of $100-$500 USD and still see significant rewards, including 1 percent back on all deposits.

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