LokumFinance and Its Integration with Blockchain Technology
Today many cryptocurrency DeFi exchange platforms operate in the market and have many users spread all over the world. One of the famous cryptocurrency exchange platforms is Binance. Kucoin, etc. They are a cryptocurrency exchange platform that has been operating for years and has a good reputation in the eyes of its users.
The cryptocurrency DeFi exchange platform is proven capable of handling user requests. This platform is able to handle customer requests quickly, safely, and with low fees. This is thanks to blockchain technology which makes operations faster and more efficient.
Lokum Development
Lokum-Finance is developed by an experienced and professional team, which uses Blockchain technology as the foundation of the Platform. Lokum-Finance is a robotized market maker (AMM) a decentralized record (DeFi) application that licenses customers to exchange tokens, giving liquidity through developing and getting charges thusly. It dispatched in April 2021 and is a decentralized exchange for exchanging BEP20 tokens on Binance Smart Chain. LokumFinance uses an automated market maker model where customers trade against a liquidity pool. These pools are filled by customers who store their resources into the pool and get liquidity provider (LP) tokens thusly.
Blockchain and LokumFinance
A blockchain is a special type of database. You may also have heard the term distributed ledger technology (or DLT) – in many cases, they're referring to the same thing. A blockchain has certain unique properties. There are rules about how data can be added, and once the data has been stored, it's virtually impossible to modify or delete it. Data is added over time in structures called blocks. Each block is built on top of the last and includes a piece of information that links back to the previous one. By looking at the most up-to-date block, we can check that it has been created after the last.
Binance Smart Chain (BSC)
Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of the Binance Chain intact while introducing smart contracts into its ecosystem.
How should you stake LKM?
You can stake your LKM on the “Pools” page by tapping on the little “+” sign in the wake of preferring the arrangement, pick the entirety you need to stake, and confirm.
Roadmap(2021-2022)
Q1
1st Team Meeting
Token creation
Ask for social profile validation in BSCscan
Pre-sale launch
Farming launch
Q2
Audit TechRate
Ask for CoinMarketCapListing
Lottery
Q3
NFT
Q4
Vault
Q1-2022
An auto compound in 2022
How might you develop?
To develop you first need to offer liquidity to one of the pools which you can find on the “Farms” page. In the wake of giving liquidity and getting your LP tokens by then select the pool you joined from the “Estates” page, underwrite the understanding and subsequently click on the little “+” sign, pick the total you need to stake, and certify.
LokumFinance project is to bring trust and transparency to the Blockchain and cryptocurrency space, a platform that provides trust for both the service provider and the purchaser of purchases. The project has a good foundation, transparency, a high level of security, and many other outstanding features. I am confident that the project will confidently attract large investors to participate.
Web : https://lokum.finance
Whitepaper: https://docs.lokum.finance/
Twitter: https://twitter.com/FinanceLokum
Instagram: https://instagram.com/lokumswapfinance
Authorship
ETH:0x31F5A81e9a6C8295423bDBDCC572a48c247BaE2F
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