1. What is KSP?

Introduction to KLAYswap Protocol (KSP)

KLAYswap Protocol (KLAYswap for short) is a decentralized trading protocol launched by the South Korean blockchain company Icon Foundation. It is built on the ICON network, aiming to provide a reliable, efficient, and secure trading experience for tokens.

Main Features

1. Decentralization: KLAYswap allows users to trade directly on futures, eliminating the need for intermediaries and ensuring transparency and security in transactions.
2. Multi-chain Asset Trading: KLAYswap supports trading with various digital assets on the ICON network, including KLAY, ICX, and other tokens that meet ICON network standards.
3. Automated Market Maker (AMM) Model: The liquidity for trades is provided by smart futures and algorithms, rather than a traditional exchange's order book. This model makes trading smoother and cheaper, offering users highly reliable price discovery.
4. Farm; Mine Mechanism: KLAYswap offers a Farm; Mine mechanism called "Liquidity Providing (LP) Rewards." Users can contribute their digital assets to KLAYswap's liquidity pools and receive corresponding reward tokens in return.

Summary

KLAYswap Protocol is an innovative decentralized trading protocol that provides users with more choices and opportunities for token trading. Its multi-chain support, AMM model, and Farm; Mine mechanism make KLAYswap an important trading platform on the ICON network, offering users a safer and more efficient trading experience.

2. Who founded KSP?

According to the information provided, KSP (KLAYswap Protocol) was launched by the South Korean blockchain company Icon Foundation. It is built on the ICON network, aiming to provide a reliable, efficient, and secure trading experience for tokens. Therefore, the founder of KSP is the Icon Foundation.

3. Which venture capital firms invested in KSP?

According to the information provided, the following venture capital firms invested in token-related projects:

1. Shenzhen Capital Group, Sequoia China, Polar Light Ventures, and other venture capital funds have begun to focus on the crypto space.

2. Libertus Capital, Blocktower Capital, Konvoy Ventures, Collab Currency, and others invested in Sky Mavis, the parent company of Axie Infinity.

3. a16z (Andreessen Horowitz) invested in OpenSea's Series A and B funding rounds.

This information indicates that several venture capital funds have started to get involved in investments in tokens and the blockchain field.

4. How does KSP work?

How KSP Tokens Work

KSP (KLAYswap Protocol) is a token that operates based on blockchain technology. Here are its main operational principles:

1. Blockchain Technology: KSP uses blockchain technology to record all transactions, which is a distributed public ledger that ensures security, transparency, and immutability of transactions.

2. Decentralization: KSP is decentralized, meaning it does not rely on any central authority or bank to validate transactions. Users can conduct peer-to-peer transactions directly.

3. Cryptographic Security: KSP employs cryptographic techniques to protect transactions and user data, ensuring security and privacy.

4. Transaction Process: To send or receive KSP, users need to create a token wallet on platforms such as Cryptomus or Binance. Users can then initiate transactions by entering the recipient's wallet address and the amount.

5. Mining and Validation: Units of KSP are created through a process known as "mining," which involves using computer power to solve complex mathematical problems, validate transactions, and update the blockchain.

In summary, KSP tokens ensure their operation's security and transparency through mechanisms such as blockchain technology, decentralization, cryptographic security, and mining validation.