How unique and pioneering is KingTech really?

Since its inception, KingTech has embarked on a mission to build a decentralized internet infrastructure.

Indeed, decentralized finance (DeFi) has opened up a lot of opportunities and applications for crypto enthusiasts in the blockchain space. In recent years, a series of groundbreaking innovations have emerged, notably DeFi, the irreplaceable token (NFT) and Game DApp. These DApps have begun to create key activities that are driving the boom in the blockchain industry.

According to DappRadar, in Q1 2021, Binance Smart Chain hit an all-time high of $ 700 billion in transaction volume, with growth fueled by an increase in activities such as trading and lending. and payment.

Furthermore, this shows that the opportunities lurking around DeFi are extremely impactful and as a result the DeFi ecosystem is gaining more and more traction. Today, new DeFi products and services are created to provide better services and results to market stakeholders.

KingTech – a unique ecosystem from Game DApp to Bot Trading, has provided unique services and benefits for crypto enthusiasts and entrepreneurs in the crypto space. The decentralized ecosystem is creating a blockchain-based entertainment and exchange system that will redefine how crypto entrepreneurs exchange market value and infrastructure.

Since its inception, KingTech has embarked on a mission to build a Decentralized Internet Infrastructure. And to achieve this, KingTech applies an authorized proof of stake (DPoS) algorithm to avoid slow transaction speeds and high transaction fees like a blockchain that uses a proof of work (PoW) algorithm. Here are some of the amazing features of the KingTech ecosystem that help it outperform other platforms.

BO Exchange: AI robot helps to optimize Forex market and profitability helps investors achieve good results when investing in Forex.

KingGame: This is a sports game system applying technology directly connecting with leading global partners to create new and unique experiences. With a system of global partners, this ecosystem provides continuous services and also supports other cryptocurrencies to help users participate in the network seamlessly.

Electronic money loan: This system provides P2P loans, helps creditors optimize profits and borrowers get loans quickly from the system.

KIDEX: This BSC-based decentralized exchange enables fast transactions, reduces slippage and optimizes transaction fees.

NFT + FomoJackpot: A decentralized lottery app built on Binance Smart Chain.

Basically, KIN tokens are used to pay transaction fees in the KingTech ecosystem. With this token, network users can receive a more affordable transaction fee compared to other payment methods using different cryptocurrencies. And as such, this allows gamers and crypto enthusiasts to engage in various activities within the platform to make even more profits. Currently, KingTech has more than 1,000 live games with players from over 100 countries as well as more than 40 top game partners.

What’s interesting is that KingTech is creating a platform with easy-to-use built-in features and services for stakeholders to seamlessly earn rewards and maximize the value of their digital assets. More than that, this blockchain technology aims to simplify transactions by processing blockchain-related complexities to facilitate an entertaining and seamless ecosystem.

Effect Network switches to Binance Smart Chain

Effect Network, the DeFi platform that connects companies with the global workforce, will move development from the EOS blockchain to the Binance Smart Chain (BSC).

Effect Network developers say the main reason for the transition to BSC is concerns about the future of EOS and its leadership.

In January, founder and CTO Dan Larimer left Block.One and EOS to pursue new personal projects, something the community condemned as betraying past promises to EOS.

Effect Network said that: Promises have not been made to solve many of the problems that plague the EOS Mainnet. Before Dan Larimer leaves the network in search of better prey.

The research team claims Effect Network is the most used and largest project on the EOS Mainnet to date, with clients including Kraft Heinz, Linus Tech Tips and the United Nations. The Team warns that Effect Network’s departure could mean the end of applications with real use cases on the EOS chain.

Why BSC?

Effect Network CEO Chris Dawe explained the move to BSC was due to his confidence in the long-term vision of the Binance ecosystem.

“Look at what Binance has accomplished in just the past three years. It’s a testament to its dedication, hard work but above all its laser-focused vision. The amount of products, customer service and our workforce that can be exploited with the Binance ecosystem is amazing and will help accelerate Effect Network’s growth like never before, ”Dawe said.

BSC has attracted a number of DeFi projects from the Ethereum ecosystem, such as Sushiswap and 1inch, since it became operational in September 2020.