Liquidity Mining & LKSCOIN

2021-07-16 16:34:52

Let's talk back about the project that is bringing LKSCOIN into the new world of Decentralized Finance!

How many times have you heard of DeFi? How many times have you tried to understand how it works? And have you been stuck due to its difficulty? Let's be clear.

As we have now understood after years of using Wallets and Exchanges, the biggest difficulty is the lack of correct and simple information: this is why the LKS Foundation was born.

First of all, a little theory: when we talk about Decentralized Finance we are talking about finance applications. The "brain" of these applications doesn't run on our Smartphones or on some servers, but on Blockchain technology, in this case Ethereum, inside which you can already find the LKS SWAP MACHINE we talked about in the previous article.

What is the purpose of these decentralized applications? Providing services that until a few years ago were only offered by centralized infrastructures: trading, obtaining loans and providing credit are just some of the most important applications that we talk about today and which concern LKSCOIN in particular.

When you trade your USDT for LKSC, or USDT for ETH... What do you use?

You are almost certainly using a centralized service, that is, a company that offers this service through its servers and its team.
Centralized services suffer from some problems related to their centralized nature:

  • inefficiencies, if the server is under maintenance, users won't be able to use the service
  • censorship, at any time your exchange could decide to close your account, for political reasons or more simply for company policies (suspicion of money laundering or documents not sufficiently evident in the KYC phase).
  • loss of privacy due to KYC/AML (Know Your Customer, Anti Money Laundering)


But a year ago, a project was born that will change the Ethereum Blockchain forever: UniSwap.

UniSwap is certainly one of DeFi's first projects. A real Exchange, obviously only crypto (you can't use wire transfers or credit cards inside, only cryptocurrencies). You can convert most of the cryptocurrencies today, and do you know what its real power is? Behind UniSwap there are no servers, even the liquidity (coins used to satisfy user exchanges) is not provided by companies but by anonymous users who part of their liquidity at the platform advantage.

Why should a user block a percentage of his/her coins to allow other users to trade? Why, to earn trading fees!
The platform that will be announced in this article will allow users to earn not only from user exchanges but also from a rich LIQUIDITY MINING program! What does it mean? Very simple: in addition to the trading fees you will earn coins and, to be precise, LKSC distributed by a Smart Contract!

What advantages do you have? And how and in what timeframe will the development of the coin remuneration proceed?
First you have to exchange your USDT for LKSC, or USDT for ETH on Uniswap and then you can use a pool to take advantage of the distribution of revenues.

What rules will the distribution follow?
Below you will find a very simple table: obviously the reward you will receive will be a percentage of what you have deposited compared to other users: a completely democratic process, equal and managed by the Smart Contract.


One of the concepts that must be clear is that of PAIR.
A PAIR is the union of two different currencies. EUR/BTC is one pair, LKSC/USDT or LKSC/ETH are two other pairs.

UniSwap (but also centralized exchanges) work on coin PAIRs. To sell or buy ETH for BTC you will have to resort to the ETH/BTC pair for example.

On UniSwap, users who provide liquidity to the system must upload on the platform the same value of the two coins that make up the pair.

For example, providing liquidity to the BTC/USDT pair with Bitcoin worth $60,000, you will need to block:

  • 1 Bitcoin
  • USDT 60,000


Of course you can also upload fractions, but the value must always be aligned, for example:

  • 0.1 BTC
  • USDT 6,000


Within UniSwap and LKSC.FINANCE each PAIR has its own corresponding POOL.
Imagine the POOLs just like a pool in which users enter their coins. Each PAIR must have its own POOL!

Every time someone trades on the UniSwap platform, they will exploit the coins inside the pool, leaving in return a small commission called FEE which will be distributed equally among the users who make up the pool!

Which Pairs will you able to earn through Staking?


Let's finally go to the practical part: how to participate in this Liquidity Mining program through Staking? First of all you will need some LKSC and USDT.
How many? The amount you want, however remember that you must have the amount of LKSC equal to the amount of USDT deposited, at the exchange rate indicated by UniSwap (HERE)

You will use one of the famous Pools, for the first two weeks the USDT/LKSC pool will be activated, then ETH/LKSC will also be added!

Having more pools is useful for making the currency more exchangeable thanks to the increase in liquidity! Liquidity Mining is a bit like mining: the more users participate in the network, the more the currency becomes usable by everyone.


The total number of Tokens that will be distributed will be LKSC 400,000,000.00, of which:
- (49.5%) 198,000,000.00 LKSC for the incentive of the first LKSC USDT pool,
- (49.5%) 198,000,000.00 LKSC for the incentive of the second LKSC ETH pool

As you can see from the table above, the reward goes to the early adopters. What does it mean? That the sooner you join the POOL the higher your earnings will be! What are you waiting for?

The first POOL will be active from Wednesday 21, July at 10.00 CET.

Where to start?


First of all you will need to equip yourself with LKSC and USDT.

LKSC: the recommended method is via Swap Machine, if you haven't read the article on the Swap Machine click here, you will simply have to send LKS x11 to an address and provide your Ethereum address and wait for the conversion.

USDT: you need to get them from an exchange: Binance, Eidoo, Bitfinex. Remember to use USDT on Ethereum (ONLY ERC-20, NO BSC, NO TRC20, NO BEP20, NO OMNI, ONLY ERC20 OR YOU WILL LOSE YOUR MONEY!)

I have my funds ready, now what?


Once you have the funds you wish to deposit (remember to stock up on additional Ethereum fractions for Gas Fee) you will be ready to become a LIQUIDITY PROVIDER (i.e. whoever provides liquidity to the network in exchange for a fee and in this case a percentage ).

So here is our OFFICIAL guide for LIQUIDITY MINING: link

SWAP MACHINE ARTICLE