KuCoin Monthly Report April 2020: Enable Staked Crypto Exchange

Published in

kucoinexchange

5 min readMay 7, 2020

Monthly Highlight: Pool-X Upgrade, POL Gets Listed on KuCoin!

In April, POL was listed on KuCoin exchange, and the POL/USDT trading pair was made available. Soft Staking was also moved to the Pool-X platform. The Pool-X platform will provide users with more professional Soft Staking services, including new revenue overview and statistical analysis functions, and annualized revenue that can increase up to 1.3 times.

The Pool-X exchange is supported by KuCoin and TRON for pioneering a free market that solves the liquidity problem of staked crypto. Pool-X has provided staking services to its growing user base of over 300,000 with several developments since its establishment.

POL is generated from the staking process and the ecological governance connections on Pool-X, encouraging participants to balance the supply and demand of liquidity for the staked assets during the process of transactions. It is the fuel to connect the resources of the Pool-X ecosystem and an incentive for ecological governance. Click for details

1. KuCoin Spot Trading Platform

1.1 Crypto-to-Crypto Trading

*Three new tokens were listed on KuCoin: DigitalBits (XDB), POL, and WOM Protocol (WOM). As of the end of April, a total of 249 tokens have been listed on KuCoin.

*Three new trading pairs were added: XDB/USDT, POL/USDT, and WOM/USDT. As of the end of April, we have a total of 433 trading pairs on KuCoin.

*The latest phase of the ST observation has ended. The following projects have been disqualified and the tokens will be removed from the exchange: RChain (RHOC), VisionX (VNX), Red Pulse (PHX), Ulord (UT), HotNow (HOT), W Green Pay(WGP), QLC Chain (QLC), Odyssey (OCN), Onion (ONION) and Neutral Dollar (NUSD).

*KuCoin launched multiple domains, meaning users can access KuCoin’s official website with domains of kucoin.com, kucoin.io or kucoin.cc based on your own network situation. Click for details

*Launch of the second round of “Lock USDT and Earn Up to 12% APR” activity. Click for details

*KuCoin proudly announced DigitalBits (XDB) as the second KuCoin LockUP project. Click for details

*Sensorium (SENSO) Listing Campaign Phase One: 200,000 SENSO to Give Away! Click for details

*WOM Protocol (WOM) Listing Campaign: $11,000 in WOM to Give Away! Click for details

*The following blockchain activities were supported: RHOC MainNet upgrade and token swap, upgrade and rename of R into REV, upgrade of Edge (EDGE), and Constellation (DAG) MainNet token swap.

2. KuMEX

*KuMEX USDT Contract Is Coming! — — Claim Up to 1 Million USDT Rewards! Click for details

*KuMEX Is Now Available in Japanese. Click for details

*USDT-Margined Bitcoin Perpetual Contract Goes Live on KuMEX Lite! Click for details

*Go Find Your Easter Egg in KuCoin APP and Share 20,000 USDT! Click for details

https://www.kucoin.io/news/en-kumex-is-now-available-in-japanese

3. Pool-X

Pool-X

*New Flexible Products: VSYS & WAN Now on Pool-X 1.1 Click for details

*Pool-X Launched V1.2 with Soft Staking Moving to the Platform. Click for details

*Pool-X Version 1.3 Goes Live, Optimizing Staking Revenue. Click for details

*Pool-X launched a new batch of flexible products: XTZ-Flexible, EOS-Flexible, and TOMO-Flexible! During the staking period, in addition to the staking benefits of each project, users can also get a share of the mining rewards of 250,000 POL every day! Click for details

*Stake COTI and Earn High Interest on Pool-X! During the staking period, in addition to the staking benefit of the project, users can also get a share of the mining rewards of 250,000 POL every day! Click for details

*The next batch of available products areTRX-90, EOS-90, and XTZ-90 on Pool-X. During the staking period, in addition to the staking benefits of each project, users can also get a share of the mining rewards of 250,000 POL every day! Click for details

*TRX-Flexible is Available Now on Pool-X! Click for details

*IoTeX (IOTX) Staking and Holdings Competition: 1,500,000 IOTX to Give Away! Click for details

*Pool-X TRX Soft Staking Carnival, Enjoy Time-Limited Higher APR. Click for details

*Final TRX Session of the POL LockDrop Special Rounds. Click for details

4. KCS Updates

*KCS Team completes the 10th Quarterly (Q1 2020) KCS Burn and has executed the 600,167 KCS burn. Current KCS circulating supply is 81,250,284 KCS and current KCS total supply is 171,250,284 KCS. Click for details

5. Technical & Commercial Updates:

*KuCoin Partners with Onchain Custodian to Get its Funds Backed by Lockton Insurance. KuCoin and Onchain Custodian will conduct insurance and custody cooperation in terms of fund security to ensure the security of the crypto asset market infrastructure from various aspects such as rules, processes, and technologies. Click for details