⬜KING Insurance Fund (KIF)

KIF is the acronym for the KING Insurance Fund which is a separate wallet in KING MAP system. The KIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the KIF wallet. In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02479% are backed by the KIF parameter, thus ensuring a high and stable interest rate to $KING token holders. 7% of all trading fees are stored in the KING Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase. KIF Keeps holders safe by: Avoiding flash crash through price stability Achieving long-term sustainability and future growth of the KING Protocol Greatly reducing downside risk.