Benefits of SPACE Creation
From the onset of the launch of the KeplerSwap platform on the 27th of October, 2021, KeplerSwap haven been heavily invested in creating exciting profit mechanisms for their clients. As a forerunner of DeFi 2.0, KeplerSwap is creating several innovative opportunities in the decentralized finance industry.
Recently, KeplerSwap announced that their clients will now have the opportunity to join and create their own SPACE, this was done in a bid to develop the vertical ecosystem of their clients and provide rewards to investors that partake in liquidity market staking.
KeplerSwap further added that every member of a particular space is entitled to the right to make administrative decisions that will affect how the SPACE is developed, this will, in turn, secure and improve decentralized independence.
What is SPACE?
Space is an official term adopted by KeplerSwap to enhance the horizontal ecosystem of users, broaden the rights and privileges of users and achieve an independent organization where new users maintain an efficient and profitable referral relationship with existing users.
Any user who is in possession of the SEEDS token ($SDS), have successfully invited a required number of new users and is a provider of liquidity who has locked up their value for at least twelve (12) months on KeplerSwap is eligible to apply for SPACE creation and become a SPACE owner. Any other user who is in possession of the native KeplerSwap token ($SDS) is eligible to join the SPACE and is offered the rights to participate in SPACE elections and the rewards will be fairly shared in proportion among the top twenty (20) SPACE owners who gets the highest votes.
Some of the remarkable features of SPACE are presented below:
SPACE Creation: As mentioned earlier, if a user is a provider of liquidity and has referred a number of other users to also contribute in the liquidity market while meeting some precise prerequisites, the user is then eligible to apply for the creation of their own SPACE. As soon as the application for SPACE creation is approved by the KeplerSwap team, the user is then enabled to be SPACE owner.
SPACE Voting: Holders of the KeplerSwap native token ($SDS) are allowed to vote in a SPACE election. Every user must enter a SPACE and the process cannot be revoked once they have successfully entered a SPACE. Users can choose to vote for SPACE, it is not mandatory for users to participate in the SPACE elections.
SPACE Interests: All the rewards that were generated from the liquidity market from SPACE members is allocated to the SPACE owner. In the event that the SPACE owner wins the SPACE elections, they will receive an additional reward from the contribution pool.
Vote Counting: The period reserved for SPACE voting is seven (7) days, the first five days will be for the voting process while the last two days will be used for counting.
Vote Withdrawal: During the period of SPACE voting, the token for the votes will be taken into account immediately and it is impossible for a voted token to be removed from the pool.
SPACE creation and voting is a very lucrative method to earn rewards from KeplerSwap and everyone is advised to join the KeplerSwap platform to explore more amazing income-generating opportunities.
For more information, visit:
Website: www.keplerswap.io
