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HomeCOINSWhat is sKCS.io (SKCS) Coin Review ? Complete Guide...

What is sKCS.io (SKCS) Coin Review ? Complete Guide & Review About sKCS.io

REVIEW OVERVIEW

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Welcome To sKCS.io (SKCS)

sKCS.io (SKCS) is a liquidity staking protocol for KCS on KCC. Users can stake KCS into sKCS.io and receive sKCS. sKCS can be used to participate in other DeFi products to obtain higher returns or unstake back to KCS at any time.​ sKCS protocol currently has 31,451.88 KCS staked, with 24.551 rewards already paid out and an APY of 7.61%

sKCS.io (SKCS) Basic Point Table

Coin BasicInformation
Coin NameItemverse.Io
Short Name(ITEM)
Circulating Supply9,107.00 SKCS
Total Supply100,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

What Is sKCS?

sKCS is a liquid staking token. You get sKCS when you stake KCS in the sKCS contract. sKCS tokens are minted upon deposit and burned upon redemption. They act as receipts, allowing you to exchange them later for your staking KCS and staking rewards. At the same time, sKCS tokens can be used like KCS to earn income in decentralized financial products.

Mission

Mission sKCS.io is the first liquidity-staking protocol on KCC sKCS.io is the first liquidity-staking protocol on KCC, dedicated to providing users with a simple and easy-to-use DeFi product with stable returns.​ ​ As an underlying asset protocol on KCC, sKCS.io would like to help users experience the composability of DeFi protocols in one click. Apart from the juicy yields that sKCS.io can offer, it is also expected to become the next highly-recognized asset on KCC to build the whole ecosystem on-chain and promote the flow of asset value.​ ​ The smart contract of sKCS.io has been audited. It will keep decentralized and distribute returns to KCS holders over time.​

How Does sKCS.io Work?

When users staked KCS with sKCS, they can receive a certain percentage of sKCS representing the stake, and the balance of sKCS can earn income and lending rewards in DeFi like KCS. sKCS has no minimum deposit limit.

How Does sKCS work?

When staking: Stake KCS and get sKCS. The staking rate depends on the prevailing rate. When unstaking: Burn sKCS and get KCS back. The sKCS contract will complete this operation within 3-6 days of unstaking. After users’ withdrawal, they can exchange a certain percentage of KCS back.

Staking Requirement

1⃣ Any KCS holder can participate in the staking and get sKCS staking Rewards.

2⃣ No minimum amount is required. ​

3⃣ The amount of KCS is higher than 0. No need to be an integer.

4⃣ You can stake and unstake KCS at any time.​

How Can users Benefit from sKCS.io?

sKCS.io token is the same as the KCS token, and liquidity and pledge transactions can be added to the KCC ecosystem to obtain a higher APR. Take lending and DEX as examples to explain how to earn higher yields.

  1. The user pledges KCS to the sKCS contract, the user can get sKCS, and the rate of return is recorded as APR1
  2. 2.The user will get sKCS and USDT to form an LP pledge in MojitoSwap to get MJT, and the income is recorded as APR2
  3. 3.The user pledges the obtained MJT to the automatic pledge pool to obtain MJT, and the income is recorded as APR3

Then the total rate of return obtained by users staking KCS is APR1+APR2+APR3

For example, Combine sKCS with lending Products

  1. 1.The user pledges KCS to the sKCS contract, the user can get sKCS, and the rate of return is recorded as APR1
  2. 2.The user deposits sKCS into the lending Dapp to obtain the deposit income, which is recorded as APR2
  3. 3.After the user deposits sKCS and lends KCS, and obtains income, it is recorded as APR3
  4. 4.The user re-pledges the borrowed KCS to the sKCS contract to obtain new sKCS income.

Multisig Governance

sKCS.io Multisig is a tool composed of multiple wallets that share the power of the decisions taken. With a multisig tool, one signature from one wallet is not enough; you need multiple signatures from different private keys, distributed across multiple parties and often on multiple continents. In order to validate any decision, a majority of the members will have to sign with their private keys.

Why Stake on sKCS.io

Decentralized

sKCS.io Stake KCS to support network decentralization, obtain sKCS, and watch your assets grow in value.

Earn Rewards

In return for staking KCS, your sKCS will continually accrue staking rewards.

Leverage

Use sKCS to earn additional income across the DeFi and KCC ecosystem.

Security

sKCS.io is the most reliable liquid staking protocol on the KCC chain, and our smart contracts have been audited by BlockSec.

Roadmap

Q2  

🚓Complete smart contract audit   

Q3

🚋Testnet release

 

🚋Official website release 

🚋Support multilingual webpage online

🚋Integrate more wallet apps

🚋Support Dex trading sKCS 

🚋Support sKCS lending transaction 

🚋Support sKCS liquidity mining 

🚋Docking with multi-channel stake entrance 

🚋Accept investment from multiple investment institutions 

🚋Reach 10W KCS stake  

🚋Support multilingual tutorial documents 

🚋Research on fast redemption stake scheme 

🚋Defilama CoingeckSupport CMC Defilama Coingeck   

Q4

🏎goes live on CEX 

🏎Start the invitation process 

🏎Online Data Dashboard 

🏎Reach 100W KCS stake 

🏎DAO governance 

🏎Genesis NFT solution research

Faq Of sKCS.io

Where I Can Find sKCS.io Coin Whitepaper ?

You Can Find Itemverse Whitpaper By Clicking Here

Where I Can Buy/Sell sKCS.io

You Can Buy Or Sell sKCS.io On Some Popular Exchange For Example – Binance , Coinbase , Huobi Etc .

What Is Circulating Supply Of sKCS.io ?

Circulating Supply Of sKCS.io Is 9,107.00 SKCS

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What is sKCS.io (SKCS) Coin Review ? Complete Guide & Review About sKCS.io Welcome To sKCS.io (SKCS) sKCS.io (SKCS) is a liquidity staking protocol for KCS on KCC. Users can stake KCS into sKCS.io and receive sKCS. sKCS can be used to participate in other DeFi products to obtain higher returns or unstake back to KCS at any...