Founded in 2022, the KnightSwap crypto exchange is a popular decentralized exchange (DEX) operating on Binance Smart Chain. Offering services through an innovative gaming-like platform, KnightSwap allows users to play games, find NFTs, yield farms, and exchange different currencies.
As KnightSwap is a decentralized exchange, there is no need for users to go through the KYC process. Besides, there is no list of countries in which the exchange would not be accessible. Though make sure to check your own country's restrictions regarding crypto trading.
Markets
Supporting many cryptocurrencies in a handful of KnightSwap trading pairs, the platform allows users to trade in different markets. As of now, there’s little information on the availability of markets such as KnightSwap spot, futures, or perpetual. However, users can exchange tokens through a simple swapping mechanism.
The KnightSwap cryptocurrency exchange offers a native anti-inflationary token – KNIGHT. The main purpose of the KNIGHT token is to encourage people to supply liquidity to the exchange by giving them block incentives. Users can also stake the token in pools and earn more assets. Check out the live KnightSwap crypto price here.
In terms of KnightSwap exchange fees, the DEX has a flat 0.2% fee for buying or selling tokens. Out of this KnightSwap crypto fee, 0.17% goes to liquidity pools for rewarding liquidity providers while the remaining 0.03% goes to the KnightSwap Treasury.
Care to see the current KnightSwap volume? Take a look above.
Other Services
Apart from swapping, the KnightSwap exchange offers a huge variety of other services. For starters, it offers yield farming services through its Liquidity Farm. Users can stake LP tokens in the farm to earn KNIGHT tokens and a portion of KnghtSwap crypto fees.
Note that users of the platform can acquire their own Non Fungible Knights (NFKs) to become a part of the KNIGHT community.
The exchange also allows users to stake their KNIGHT tokens in Raids. By staking tokens in Knight Raids, users can earn more tokens. They can choose from different Raids that feature different tokens to be earned. Besides, there also are Citadels, which is a section in the DEX that allows users to stake GUARD tokens. The GUARD token is the treasury token of Wolf Den.
Moreover, the KnightSwap crypto exchange provides users with Castle Vaults. These vaults allow them to auto-compound their yields by depositing tokens into them.
Furthermore, there's a unique feature offered to new projects and those who are interested in new projects – Initial Wizard Offering (IWO). Through IWOs new projects can become a part of the KnightSwap ecosystem while investors can gain various benefits from newly created projects. However, to participate in IWO, users need to have BUSD tokens.
Additionally, KnightSwap has its own lending network powered by Wolf Den. It allows users to lend their crypto assets to generate passive income while borrowers have the chance of borrowing against collateral.
Lastly, note that KnightSwap has its own Lottery that allows users to win assets from the prize pool.
About the Company
Founded in 2022, the KnightSwap cryptocurrency exchange still has a long way to go before becoming an established player in the industry. As of February 2023, the platform has partnered with many companies, including The Guardian Academy, to help provide more education on the topic of crypto.
The founders of the KnightSwap crypto exchange are unknown.
The average 24-hour KnightSwap volume ranged around $97,500 in February 2023. To see the current volume, don't forget to check the chart above.
