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Singapore, Dec. 14, 2020 (GLOBE NEWSWIRE) (via Blockchain Wire) DeFi project KingSwap (https://www.kingswap.io/) today announced the launch of its NFT staking program and raffle games. On a mission to drive mainstream DeFi adoption through gamification, KingSwap is a high-yield liquidity platform that offers extensive staking rewards, digital collectibles, and fiat conversions.
KingSwap s new NFT staking program allows users to stake their King, Queen, or Knight NFTs for a set period of 3, 6, 12, 24, or 48 months, similar to a bank s Certificate of Deposit. For a 12 month commitment, investors earn 60% APY for staking a Knight NFT (worth 10,000 $KING tokens), 80% APY for staking a Queen NFT (worth 100,000 $KING tokens), and 100% APY for staking a King NFT (worth 1 million $KING tokens).