KingDeFi's new model! Create the first AI yield mining aggregator on BSC & Solana chain

The popularity of DeFi has provided more development opportunities for other public chains outside the Ethereum ecosystem. The yield aggregator market has also begun to become saturated. How can we find another way to expand the market? KingDeFi has created a new paradigm. As the first artificial intelligence (AI) yield mining aggregator on the BSC & Solana chain, it has quickly fermented in the industry in a short period of time and attracted widespread attention from investors in the industry.

So what is KingDeFi, the super dark horse on the BSC&Solana chain? How is KingDeFi different from other yield aggregators? Why choose BSC&Solana for development? How to obtain KROWN tokens? How to participate in the pre-sale?

At 15:00 on June 15, Marc, founder and CEO of KingDeFi, was a guest on the 121st episode of Crypto Intelligence Bureau. Together with the host Xiao Hui, he revealed the secrets of KingDeFi, the first artificial intelligence (AI) yield mining aggregator on the BSC&Solana chain.

The following is the live broadcast record (the content has been slightly adjusted):

Q1. Could you please introduce yourself and the KingDeFi project to Marc?

A1:

Hello everyone, I am Marc, CEO and founder of the KingDeFi project, currently based in Switzerland, with over 10 years of experience in banking and asset management, and an extensive technical background. My academic qualifications include a Bachelor of Commercial Law and a Master of Business Administration, and some of my previous work experiences include: Frankfurt Stock Exchange, KPMG, and technology startups.

KingDeFi is a DeFi project that combines two main areas: analysis and monitoring, where we provide users with market overviews, liquidity pool search engines and portfolio tracking, as well as mining, as we are a yield optimizer project on BSC and Solana.

It provides riders (users), a) revenue earning and b) monitoring capabilities.

With the yield earning feature, Knights can earn KROWN tokens by providing liquidity and staking directly on the KingDeFi platform. Through the monitoring function, Knights can get an overview of all major yield platforms on BSC and Solana. At the same time, Knights can automatically get yield suggestions based on the token holdings of the wallet, and enter high-yield project platforms through a simple one-click function. Knights can also use a single interface to overview key data of all major platforms, such as the highest/lowest annualized yield, total locked value, etc.

Overall, KingDeFi is the only place you need to “go” to in order to optimize your mining and staking earnings on BSC and Solana.

Q2. As the founder of the project, what was Marc’s original intention in establishing KingDeFi?

A2:

When it comes to the reasons why I decided to start the KingDeFi project, our (team members') passion for blockchain technology is the main driving force. Another important reason is that we hope to combine our financial background with technology through this project. Now is the time to disrupt and get rid of the old centralized banking system model.

Q3. Many people in the community are interested in KingDeFi’s powerful background. Please introduce KingDeFi’s team to us.

A3:

We are an international team with members from Germany, Italy and Switzerland, headquartered in Zurich. The founders all have backgrounds in finance and programming/engineering, and are mainly engaged in the development of decentralized applications and blockchain projects.

Q4. KingDeFi claims to be "the first artificial intelligence (AI) yield mining aggregator on BSC and Solana". What innovations does the AI ​​yield mining aggregator have compared to ordinary yield mining aggregators?

A4,

There are many strategies for liquidity mining, one of the simplest is automatic compounding, using AI yield mining, we can change strategies faster and ensure higher annual interest rates.

Q5. There are already a lot of DeFi aggregator products on the market. If KingDeFi wants to seize the market, does it have any other unique advantages besides the AI ​​concept?

A5.

We are the only platform that combines three main areas: market overview (like Defistation), portfolio tracking (like Yieldwatch) and mining (like auto.farm). In addition, we provide a liquidity pool search engine. No project is currently developing similar functions.

Q6. What are the considerations behind KingDeFi’s choice of Binance Smart Chain and Solana public chains for development?

A6,

Ethereum paved the way for DeFi and mining, but unfortunately, its fees are too high and the blockchain is too slow. BSC is a great solution with very low fees and fast speeds, and has great potential. This is exactly the platform we need for our project development. There are many yield farms running on BSC, and many other protocols have chosen this blockchain. The only downside of BSC is that it is not a truly decentralized blockchain.

This is one of the reasons why we chose Solana, a truly decentralized blockchain with a brand new consensus mechanism. It is also a faster network than BSC with great potential, despite its small size and small number of miners: its transaction speed reaches 65,000 transactions per second, which is about 10,000 times that of Bitcoin, 4,000 times that of Ethereum, 35 times that of Ripple, and even about 2.5 times that of Visa.

Q7. As a yield mining aggregator, yield is naturally the issue that users are most concerned about. The market has been volatile recently, so how can KingDeFi guarantee high yields for users?

A7,

We cannot control the market, but what we can do is ensure good token yields, the secret is to find a good balance between high yields and excessive yields that will cause prices to plummet.

Q8. As the native token of KingDeFi, what role does KROWN play in the ecosystem?

A8,

Of course, since we are a yield optimizer project, most of the liquidity (60%) will be pledged and enter the liquidity pool, another part (20%) will be used for marketing and development, and the remaining part (20%) has been locked as general reserves and T&F distribution.

Users can learn more about this in our Medium post: https://medium.com/kingdefi/tokenomics-c0b0012082d4, a quick guide on how to participate in the upcoming token sale on June 14, 2021.

KROWN tokens will be mainly used in two aspects: 1. Staking and mining; 2. Advanced analysis permissions, which means that if you stake tokens on the platform, you will be authorized to use the platform's advanced analysis functions.

Q9. In fact, the functions of KROWN are very powerful. How can users obtain KROWN? Are there any pre-sale activities that users can directly participate in?

A9,

During the token sale, users can exchange KROWN tokens for BSUD on our website https://kingdefi.io/. On June 21, 2021, at 11:00 UTC, we will provide liquidity to Pancakeswap and other major BSC decentralized exchanges.

Public sale starts on June 14, 2021 at 11:00 AM UTC (13:00 CET).

Public sale ends on June 18, 2021 at 11:00 AM UTC (13:00 CET).

Tokens for sale: 20% = 2 billion tokens

Q10. Finally, can you tell us what is the current focus of KingDeFi? And what is KingDeFi’s long-term vision?

A10,

The main focus right now is finalizing our mining contracts and fully auditing them. We are also implementing a burn mechanism for the fees collected, while we are also alleviating selling pressure by adding a large number of trading pairs, where KROWN tokens are also participating in trading pairs in the liquidity pool.

The main focus will be on development: improving and continuing to develop current functionality, integrating the King Mining contract with advanced portfolio tracking capabilities.

In the future, we plan to develop more mines on different blockchains.

We have a strong plan to launch a lot of things soon, some features are already online: such as our market analysis and liquidity pool search engine, but what is coming soon is this: https://kingdefi.io/roadmap

Community Q&A:

1. Where is Krown's current target market? Does the project have any rapid development or growth plans in terms of global user markets and partners? Does Krown have plans to be listed on centralized exchanges? OKEx and Binance?

We have a very broad user base market, from the United States to Asia, we plan to launch Advanced Mining Contracts next week, and plan to expand our partnership with the largest yield aggregator on BSC. We plan to launch CEX in July.

We just finalized the token legal opinion with our lawyers and they classified us as a utility token which is one of the mandatory requirements to be listed on binance.

2. Which institutions have invested in KROWN? Does Krown cooperate with other project institutions?

We invested and the first presale was sold out in 10 hours. We have partnered with Beefy, Swampy, Wault finance, cointelegraph, bsc.news, bsc.daily and many other bsc providers and projects.

3. What is the total amount and circulation of krown? Can you introduce the distribution of tokens?

So far, 40% of the total supply, about 600 million KRW, will be distributed through token sales due to the staking mechanism.

4. Will KINGDEFI support other public chains?

Yes, we are already on Solana and we are considering expanding to Polygon.