KuCoin Monthly Report February 2020: Welcome to the Cloud Era
Monthly Highlight: KuCloud launched, offering a top-tier white-label solution
In February, KuCloud, one of KuCoin’s key products of the year, was released. KuCloud provides its partners with world-class, secure, scalable and high-liquidity infrastructure technology of crypto spot and futures exchange. Whatever key functionalities KuCoin and KuMEX offer, KuCloud will deliver and improve, shoring partners to better leverage its commercial and operational edges to achieve a greater good.
KuCloud is now offering early bird privilege of zero-cost to launch a crypto exchange, aiming to save future fellow exchange operators million-dollar R&D input and months of time cost, which will ultimately fuel a corner overtaking on this very racing track. Email business@kucloud.me for further information.
Please find more news about KuCoin for the month of February below.
1. KuCoin Spot Trading Platform
1.1 Crypto-to-Crypto Trading
*Five new tokens get listed on KuCoin: Kusama (KSM), ROAD (ROAD), Perth Mint Gold Token (PMGT), Suterusu (SUTER), Alchemy (ACOIN).As of the end of February, a total of 213 tokens have been listed on KuCoin.
*Eight new trading pairs added: TOKO/BTC, KSM/BTC, KSM/USDT, ROAD/USDT, DASH/USDT, PMGT/USDT, SUTER/USDT, ACOIN/USDT. As of the end of February, we have a total of 447 trading pairs on KuCoin.
*The KuCoin Instant Exchange function is now online, helping users quickly trade at better prices across the market. The first phase of the Instant Exchange service supports BTC, ETH, LTC, BCHABC, XRP, USDT, and other mainstream currencies for an efficient one-click exchange. Meanwhile, the Instant Exchange supports large trade with no trading fees. The Instant Exchange service can help users trade faster at a better market price. Click for details
*To give back to community users, the withdrawal fee for BTC, ETH, BCH, LTC and some ERC20 tokens has been reduced. Click for details
*To satisfy the project recommendation requirements of the community users as well as promote and enrich the project ecosystem on KuCoin, KuCoin has launched a Voting Activity for Token Listing — PoW Mining Token Session. Click for details
*ROAD (ROAD) trading competition: 681,819 ROAD to give away! Click for details
*Suterusu (SUTER) listing campaign: 7,400,000 SUTER to give away! Click for details
*ARCS (ARX) net buying competition: 100,000 ARX to give away! Click for details
*KuCoin has updated the projects listed in the KuCoin Plus Trading Area. Based on our comprehensive assessments, BEPRO, ARX and LSK have been promoted to the KuCoin Plus Trading Area. DAG, SNX, and MXW have been moved back into the Main Market. Click for details
*The following blockchain activities were supported: Harmony (ONE) MainNet token swap, Walton (WTC) MainNet token swap, Insolar (INS) MainNet token swap, BSV hard fork upgrade, Telcoin (TEL) contract upgrade, RChain (RHOC) token swap and AION hard fork upgrade.
*Decred Soft Staking official rules — cashback investment program for Decred (DCR) holding. Click for details
*LUNA Soft Staking official rules — cashback investment program for (Terra) LUNA holding. Click for details
1.2 Margin Trading
*KuCoin Margin Trading has added ZEC, XTZ, DASH and ETC assets. As of the end of February, we have supported margin trading service for 15 assets.
*KuCoin Margin Trading has added ZEC/BTC, ZEC/USDT, XTZ/BTC, XTZ/USDT, DASH/BTC, DASH/USDT, ETC/BTC and ETC/USDT trading pairs. As of the end of February, we have a total of 35 margin trading pairs.
*KuCoin Margin Trading has launched an ultra-low interest borrowing activity. Borrow with zero interest for new leverage or borrow with ultra-low interest for USDT. For the Margin Trading Competition, the top 20 users with the highest leveraged transaction amounts will be able to get a 90% discount on the lending rate to borrow USDT for one month. Click for details
1.3 Fiat Gateways
*KuCoin supports purchase of crypto with 22 fiat currencies: USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND, IDR, CAD, ZAR, NZD, HUF, ILS, PLN, SEK, CHF, CZK, DKK, and NOK. Click for details
2. Pool-X: PoS Mining Pool
*Pool-X has launched another time-limited staking campaign with the following products: TRX-60, TOMO-30, WAN-30, VSYS-30 and EOSC-90. During the staking period, in addition to the staking benefits of each project, users can also get a share of the 250,000 POL mining rewards every day! Click for details
*POL LockDrop Special Rounds: All users are able to obtain a reserved share of POL by locking up BTC, ETH, KCS and TRX on KuCoin. Click for details
3. KCS Updates
*KCS Team completes the 9th Quarterly (Q4 2019) KCS Burn and has executed the 513,100 KCS burn. Current KCS circulating supply is 81,850,451 KCS and current KCS total supply is 171,850,451 KCS. Click for details
4. Technical & Commercial Updates
*To provide a new and better trading experience for users, KuCoin has now launched the technical support channel. Users can contact and consult our technical engineers by sending an email to: tech-support@kucoin.com. This will solve the various problems encountered by users in the process of using KuCoin products faster and more effectively. Our technical engineer will reply and assist users directly to find the optimal solution to improve the user experience.
*In order to help market makers on FCoin to better overcome the difficult situations, KuCoin has launched the FCoin market maker support program of up to 50 million US dollars. Click for details
*KuCoin has completed a system upgrade to provide you with a more stable trading system.
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