KuCoin Monthly Report March 2020: KuCoin’s New Era
Monthly Highlight: The KuGroup Has Been Officially Established
With the expansion of KuCoin’s services and ecosystem, KuCoin has announced the establishment of KuGroup, which consists of three business groups, namely KuCoin Global, KuCloud, and the KuChain & KCS Ecosystem.
As the Chairman of KuGroup, Michael Gan will oversee the global strategy of KuCoin Global and put more effort into exploring the boundaries of blockchain technology with KuChain, a Public Chain powered by KuCoin, and how to integrate the group’s businesses with the KCS ecosystem.
Per the appointment from Michael, KuCoin co-founder Johnny Lyu will take over the role of KuCoin Global CEO. Johnny will be mainly responsible for the day-to-day operations of KuCoin, KuMEX, Pool-X as well as the expansion and prosperity of the KCS ecosystem.
Under the leadership of Johnny Lyu, KuCoin will continue to always put users first, marching towards the next decade of prosperity in the crypto market.
Keep on reading for more news about KuCoin for the month of March below.
1. KuCoin Spot Trading Platform
1.1 Crypto-to-Crypto Trading
*Five new tokens get listed on KuCoin: Verasity (VRAB)，Vid (VI)，Zel (ZEL)，Sensorium (SENSO)，Presearch (PRE). As of the end of March, a total of 246 tokens have been listed on KuCoin.
*Eight new trading pairs added: VRAB/ETH, VRAB/BNB, PMGT/BTC, VI/USDT, SENSO/USDT, SUTER/BTC, ZEL/BTC, and PRE/BTC. As of the end of March, we have a total of 448 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: PAL Network (PAL), SONM (SNM), JET8 (J8T), TenXPay (PAY), SunContract (SNC), and Usechain (USE).
*KuCoin Spot trading platform has launched “KuCoin Celebrates Its New Era with You!” campaign together with Pool-X mining pool, KuMEX contract trading platform, and Suterusu (SUTER) project. Mega offers are waiting for you to win! Click for details
*Lock USDT and Earn Higher Interest on KuCoin. Click for details
*Suterusu (SUTER) Lockup and Cashback Program: Earn 60% APR. Click for details
*KuCoin Candy Giveaway: Check In for 7 Consecutive Days and Get a Share of 2,000 USDT! Click for details
*KuCoin Token Listing Voting Activity for PoW Projects: Final Round Results — Zel (ZEL) is the winner! Click for details
*Insolar (XNS) Trading Competition : 10,000 XNS to Give Away. Click for details
*MarcoPolo Protocol (MAP) Holdings Competition: 100,000 MAP to Give Away! Click for details
*Vid (VI) Listing Campaign: 93,000 VI to Give Away! Click for details
*Perth Mint Gold Token (PMGT) Listing Campaign: 10 PMGT (More than US$16,000 in Gold) to Give Away! Click for details
*Use KuCoin Instant Exchange for Fast Transaction of Large Trade with Zero Fee. Click for details
*KuCoin has updated the projects listed in the KuCoin Plus Trading Area. Based on our comprehensive assessments, QTUM、ZRX、DCR、BEPRO and ARX have been moved back into the Main Market. Click for details
*The following blockchain activities were supported: Energi (NRG) hard fork upgrade, Loki (LOKI) hard fork upgrade, Constellation (DAG) MainNet token swap, and BOLT (BOLT) token swap.
*DAI Soft Staking Official Rules — Cash Back Investment Program for DAI (Dai) Holding. Click for details
*KSM Soft Staking Official Rules — Cash Back Investment Program for Kusama (KSM) Holding. Click for details
*Newscrypto (NWC) Lockup and Cashback Program. Click for details
1.2 Margin Trading
*Borrow with Ultra-Low Interest for Leverage and Share USDT! Click for details
2. Pool-X
*The third batch of available projects is EOS-30 and XTZ-30. During the Staking period, in addition to the staking benefits of each project, users can also share mining rewards of 250,000 POL every day! Click for details
3. KuMEX
*The USDT-Margined Bitcoin Perpetual Contract is now available on KuMEX. Each contract is valued at 0.001 BTC and the maximum leverage offered is up to 100x. Click for details
*From September 2020, the settlement time of KuMEX Bitcoin quarterly contract will be adjusted and set to 8:00 (UTC). Click for details
*To better reflect the price changes in the market, KuMEX has adjusted the update frequency of mark price from 5m/s to 1m/s, while the existing calculation rules remain unchanged. Click for details
4. Technical & Commercial Updates:
*KuCoin has launched a $50 million support plan to boost the development of the Indian blockchain industry. We sincerely invite all Indian partners who are interested in the blockchain business to send cooperation details to indiabusiness@kucoin.com
*To prepare for the upcoming upgrade of the new referral bonus program and improve user experience, KuCoin has performed a referral bonus system upgrade on March 18, 2020 (UTC+8). During the upgrade, the bonus distribution is suspended for any new referrals on KuCoin and KuMEX. Click for details
*KuCoin has partnered with well-known, credible, authoritative institutions and media in the industry to launch the “Pinocchio Integrity Program”, aiming to establish a credible project review platform to promote self-discipline and integrity in the industry. Click for details
*KuCoin has partnered with TradingView to enable KuCoin users to view real-time prices and K-line data of all trading pairs of KuCoin on TradingView. Click for details
*To avoid abnormal fluctuations in the market and capital losses caused by large order placement by mistakes, KuCoin has upgraded the trading system. The Immediate Or Cancel (IOC) strategy has been deployed in this upgrade to the Spot trading system. The price protection strategy has been deployed in this upgrade for margin trade. Click for details
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