KSP meaning in Cryptocurrency ?

Answer:

KLAYswap is a complete on-chain instant swap protocol that operates with an on-chain liquidity pool, where liquidity is guaranteed by automated market-making (AMM) mechanisms. It is an on-chain swap service that allows anyone that has any KLAY or KCT-type token cryptocurrency to become a liquidity provider and earn income from transaction fee commissions. In KLAYswap, Ethereum-based tokens (ETH, ORC, DAI, WBTC) can be transferred to the Klaytn ecosystem via Orbit Bridge, a transparent IBC bridge, built on Orbit Chain, to offer yield farming with asset pairings previously unconnected in the decentralized world

The KSP token is the governance token of the KLAYswap platform. Holders have the responsibility and authority to determine governance agendas in compliance with the protocol related rules and regulations to lead the development of the service. As such, KSP holders directly participate in deciding things like fees, mining distribution, and contracts. Another main utility of KSP is for creating new liquidity pools. A specific amount of KSP must be paid as a pool contract creation fee when a new KCT token pair pool is created on KLAYswap.

The KSP token has a structure in which tokens can be acquired through liquidity mining. KSP is distributed only through liquidity mining in each Genesis block and is distributed as compensation to KLAYswap liquidity providers in proportion of their provided liquidity to the pool total.

reference

Full Form	Category
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대한기생충학회	Academic & Science
Kosipe	Airport Code
Kingsway Linked Return of Capital Trust	Business
Killeen Security Products	Business
Key Support Processe	Business
Kulang Sa Pansin	Community
Kentucky Solar Partnership	Community
Key Scale Panning	Community
Kanagawa Science Park	Community
Keiwet Stream Protocol	Computing
Kaspersky	Computing
KLAYswap Protocol	Cryptocurrency
Kulang Sa Pagmamahal	General
Knex Super Pistol	General
Kate Sells Portland	General
Klub Samodeyatelnoy Pesni	General
Key Storage Provider	General
Key Service Provider	General
Katharine Susannah Prichard	General
Kerbal SUB Program	General
Knowledge Sharing Platform	General
Kennedy Space Pioneer	General
Konzept System Prototyp	General
Kentucky State Police	Governmental
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Kweelt Server Pages	Internet
Karnataka State Police	Karnataka Government
Kondor Sanat Partian	Messaging
Kosipe, Papua New Guinea	Regional
Kerbal Space Program	Softwares
Kerio Synchronization Plug-in	Softwares
Klub Sportowy Polonia	Sports
Kendall Soccer Park	Sports