KuApe Finance Decentralized Meme Token Ecosystem For Kucoin Community Chain

Decentralized Exchange (DEX) is a service exchange for storing, transferring, exchanging, and trading cryptocurrencies without the involvement of third parties. The trading process is carried out directly between users (peer-to-peer) automatically.

The system in the exchange is made possible by creating proxy tokens (crypto assets that represent a particular currency) or through a decentralized multi-signature Escrow system.

DEX destroys the still centralized exchange ecosystem, removes the role of intermediaries, and allows direct free trade between parties. This exchange fits the principles and goals of a decentralized system.

DEX Benefits

There are a number of benefits to using a decentralized exchange. The first is that it is independent, so you don’t have to worry about the security system of the exchange.

Since it does not involve a third party, the funds in a decentralized exchange will be stored in your own wallet, not stored in a wallet provided by an exchange.

The next benefit of a decentralized exchange is privacy. You don’t need to provide personal details to anyone. Personal identity only needs to be shared with users with whom you transact. However, data needs to be disclosed if the exchange involves bank transfers.

Decentralized exchanges will not run the risk of server downtime because the hosting is distributed through nodes . The DEX system is also very difficult to hack because it is all over the computer network.

Disadvantages of DEX

By its nature, DEX turns out to be more complicated than cryptocurrency exchanges with a centralized system involving intermediaries or third parties. So the DEX faces a number of challenges that it lacks.

These shortcomings include not being user friendly. This is because the registration process is quite long. Registering on DEX requires connecting to the dApp first. In this case, you need to set up a MetaMask wallet, top up that Wallet, then connect to the Ethereum based DEX dApp.

Second, DEX does not provide complete trading features such as those offered by centralized exchanges such as margin trading , news feeds , cryptocurrency market info, and others. This is because what this exchange covers is only asset buying and selling features.

Next up is very low DEX liquidity. The trading volume of the cryptocurrency market on the exchange represents only one percent. So there is not enough liquidity for high volume trading.

DEX has slow execution times because all bookings are first spread across the decentralized network. So losses are inevitable due to rapid price changes and changes between order time and execution time.

A final shortcoming is that DEX does not escape a fraudulent practice called “ front-running .” This is a practice used by rogue users who have fast connections on the network.

With that fast connection, they can pre-order your order and buy coins at a lower price. Then they resell it to other users.

Decentralized Exchange Service

Despite the lack of DEX, there are currently several projects that have launched DEX. Some of them are Bitsquare, NXT, and CounterParty DEX.

It is unlikely that any other cryptocurrency company will launch a DEX in the future. As prepared by the world’s largest cryptocurrency exchange, Binance. They also plan to launch DEX early next year.

Regardless, this did not assist with adapting to many existing issues inside the decentralized network. However, don’t be in a rush to despair. All things considered, it isn’t to no end that we are here along with you today, Allow me to introduce you to KuApe.Finance (https://kuape.finance/) is a decentralized and broadened picture token organic system working under the Kucoin social class blockchain.

In excess of a decentralized platform, KuApe.Finance (https://kuape.finance/) is a decentralized exchange, since what KuApe.Finance truly permits is to exchange in a general and programmed way and without intermediaries different cryptoassets. Later on, KuApe.Finance will likewise launch its own Launchpad system and it will end up being a tremendous platform that will upset decentralized money.

How it work?

Indeed, through its own developed exchange called KuApeDEX (https://dex.kuape.finance/), which will provide the principal decentralized trading platform on the KCC network, and will offer extremely low platform exchange fees. By providing a much lower exchange cost than different networks (ETH, BSC, and so forth… ) and not having as much clog (higher throughput), KuApeDEX intends to set up itself as rivalry to existing exchanges, however means to sling itself to lead the token exchange market. In close to stages, the platform will likewise execute the PADKuape, a launchapd for different projects.

The platform is powered by Kucoin, based on the KCC network, an elite decentralized public blockchain. It plans to tackle issues, for example, the low presentation and significant expense of the public blockchain, to provide community users with quicker, more helpful and minimal expense insight.

Features
Decentralized community ecosystem: Thanks to the team of experts developing Kuape Finance, the project has had the option to develop effectively and under Blockchain technology, with the goal that a decentralized project has been created.

Hostile to dumping component: The platform has behind it a motivating force program to urge individuals to unequivocally hold $KUAPE, where fees of 11% will be charged for every exchange of which 4% will consequently go to $KUAPE holders.

Solid marketing plan: Apart from the product development team, Kuape Finance likewise has a solid marketing team to spread the word about the project worldwide.

Locked liquidity: LP liquidity is totally locked in KoffeeSwap, each exchange individuals make, 3% expense will go to the LP, 3% will go to the holder, 2% will go to burn wallet and the excess 3% will go to our marketing wallet.

Diversified ecosystem: Apart from a decentralized exchange for memes inside Kucoin Community Chain, KuApe FInance will likewise be developed as an ecosystem based on profit and token distribution through its own Launchpad (just around the corner).

Official Links

Website: https://kuape.finance/
KuApe DEX: https://dex.kuape.finance/
Lightpaper paper: https://kuape.finance/wp-content/uploads/2021/07/KuApe-Finance.pdf
Telegram channel: https://t.me/kuapecommunity
Telegram: https://t.me/KUAPEFINANCE
Twitter: https://twitter.com/kuapefinance
Facebook: https://www.facebook.com/KuApeFinance/

AUTHOR

Forum Username: Pulpen
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2681164
KCS Wallet Address: 0x469d619ab9a7641312c1e7f8dcb406bbde1e7b48