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Viking Swap


12/3/2022, 2:42:55 PM

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Viking Swap price is unchanged in the past week.

The current price is $0.000263 per VIKING. The new price represents a new all time high of $0.000263.


What Is Viking Swap (VIKING)?

Viking Swap (VIKING) is a decentralized exchange (DEX) with a deflationary governance token mechanism. Deflationary tokens are tokens that minimize their supply over time. The exchange platform is regarded as the next generation of Automated Market Making (AMM). The platform is a go-to yield farm that runs on the Binance Smart Chain and PancakeSwap exchanges and includes various other features that allow users to earn more tokens. PancakeSwap exchange lets users trade cryptocurrencies without a centralized intermediary. Viking Swap aims to maintain the integrity of its token. The platform has received a Hacken audit to ensure the consistency of passing independent audits with a high standard. According to the Hacken audit, Viking Swap is a contract in which users' funds are well-secured. Hacken offers a wide range of cyber security services to digital enterprises.

According to its whitepaper, Viking Swap has introduced a time-lock to the contract at launch. The migrator code has been removed for enhanced security. Also, its goal is to build a perpetual deflationary token with a continuous burn mechanism, similar to the current wave of second-generation yield farms. It also aims to create an environment that can sustain long-term gains with constantly high APR (Annual Percentage Rate) for more revenues. Burning removes coins from circulation by sending them to an inaccessible wallet address, thereby increasing the token's value.

VIKING is a BEP-20 token of the Viking Swap platform that runs on the Binance Smart Chain. BEP-20 is a token standard that defines rules for tokens on the BSC platform. The platform has built a continual burning mechanism to ensure that VIKING is maintained at all times. In particular, a 4 percent burn fee is charged at staking; 80 percent of the burn fee is used to buy back VIKING tokens and burn them; 10 percent is sent to the developer's address; and 10 percent can be held in escrow for Viking Swap's future projects. The platform is in the process of introducing unique Viking NFTs as an additional means of burning VIKING to keep the value high. 

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What is the current price of Viking Swap?

The price of 1 Viking Swap currently costs $0.000263.

What other assets are similar to Viking Swap?

Assets that have a similar market cap to Viking Swap include Ethereum 2, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.