UKISS Whitepaper ©2022 - Page 10

3.3

DeFi Opportunities

DeFi Swap
The UKISS DID Wallet , crypto wallet , and Hugware ® can provide the most secure cryptotrading experience when used together .
Use-case scenarios of how secure cryptotrading with UKISS can be :
Zoe trades cryptocurrencies on decentralised exchange X :
1 . Zoe launches her UKISS crypto wallet and conducts transactions on X .
2 . A hacker breaches X ’ s platform or wallets .
3 . The hacker could not access Zoe ’ s keys since they require Hugware authentication .
UKISS is building a swap protocol on the blockchain that will enable users to participate as liquidity providers ( LP ) and earn fees from their trades ( e . g . $ KISS / USDT ) or stake LP tokens to mine $ KISS . Traders get to earn $ KISS from the swap fee collected .
Additionally , UKISS will partner with third-party lending and swap protocols to earn revenue by providing traffic and liquidity and subsequently buy back $ KISS with the transaction fee earned .
Hacker B attempts SIM-swapping on crypto-trader Jim :
1 . B impersonates Jim and convinces the mobile telco to swap SIM cards
2 . B convinces telco to provide Jim ’ s credentials
3 . B could not use Jim ’ s credentials to access Jim ’ s exchange account because they require Hugware authentication
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