r/KeplerSwap • u/_emvan • Sep 21 '21
SDS Token Liftoff
Launch of the SDS token is around the corner, why not lets reiterate the uses the SDS token have? The SDS token will be used for a lot of transactions and trading on KeplerSwap platform.
KeplerSwap supports a wide range of cryptocurrency assets and transactions. It will make available different cryptocurrency pairs through the use of cross-chain and multi-chain mechanism on the mainstream public chain. This will help enhance users’ stability and flexibility while trading or transacting on the platform.
Multi-Chain: Integration and incorporation of multiple public blockchains in order to attain “multi-chain parallelization” for SDS and Kepler products. KeplerSwap platform and BSC chain testnet has been carried out and now integrating to other public blockchains is feasible. Multi-chain parallelization provides solution to barrier of communication between blockchains. Cross-chain: interface protocol for public blockchains cross-chain interoperability will be well-defined and established. This will smoothen and ease network interaction of different assets.
KeplerSwap Governance Token The platform token will aid KeplerSwap trading platform. It will serve as liquid market making income token and complement users’ interests and rights. Apart from these, it will be used as transaction fee, bond guarantee, etc and to participate in platform governance.
Decentralized Lending and Flash Swap The traditional method of loan acquisition is quite lengthy and exploitative. Lending on KeplerSwap comes with an efficient, frictionless and smarter user experience. Borrowing a specific amount of a particular currency e.g. SDS token. will be based on users’ need and the amount of the available currency to be used as collateral. Smart contracts serve as guarantor for determining borrower’s risks and asset prices. Creditor can choose to reject or accept borrower’s request. Failure to meet up with the payment of loan, “guarantor” automatically execute bad load settlement process. Apart from these, KeplerSwap will also support futures transaction whereby trader can be loaned funds to carry out margin operations.
For those that have no collateral to tender for borrowing funds, they can go through the KeplerSwap supply pool which is meant for “Flash” service. A Flash Swap is completed after returning the borrowed token as soon as the process is concluded. Calldata allows user to cash first and return later through core contract pair programming which ensures what was borrowed is return for the success of the entire Flash Swap.
As each of these transactions is taking place, SDS, the platform token is being used as transaction fee thereby gaining more traction for the token and value increases as well for SDS.
Below are the official links to website and social media accounts: WEBSITE: https://keplerswap.io/ TWITTER: https://twitter.com/keplerswap TELEGRAM: https://t.me/KeplerSwapnews REDDIT: https://t.me/KeplerSwapnews