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Official Announcement of KuChain Betanet

Dear KuCoin users:

KuChain is KuGroup’s public chain project designed to answer the needs of the current decentralized financial sector, which in the future will serve as the Mainnet of KuCoin’s platform token KCS.

The Testnet of KuChain — Kratos, is co-ordinal with KuChain in concept, architecture and resource, as it serves the role of KuChain’s initial version prior to mainnet launch.

Providing an experimental environment, Kratos encourages decentralized financial product pioneers to test and prove their innovative technologies and notions: for instance, DEX, DeFi, stable-coin, among others. As well as try out and contribute to KuChain’s various functionalities spanning governance, staking and validating.

Prior to that, we here announce the launch of KuChain Betanet on July 1st, 2020, as the Beta version of the upcoming Testnet.

Together with developer communities such as Cosmos and GoLang, cyber security expert institutions including SlowMist, Chaitin and PeckShield, as well as various partners that have made commitments on contributing to KuChain’s future ecosystem prosperity, the KuChain team is mulling the following two programs special for KuChain Betanet to receive both conceptual and technical “baptism” from the public as a newborn.

Project Deluge — Bug Bounty Program

  • Duration: 10:00:00 on July1, 2020–10:00:00 on July 31, 2020 (UTC+8)
  • Platform: KuChain GitHub https://github.com/KuChainNetwork/Project-Deluge
  • Expected participants: Developers, Coders, Hackers.
  • Objective: trial technical attacks against KuChain Betanet, via submitting qualified vulnerabilities — varying in rating and reward — in KuChain’s GitHub channel.
  • Reward: up to $10,000 per vulnerability.

Project Decalogue — Proposal Award Program

  • Duration: 10:00:00 on July1, 2020–10:00:00 on July 31, 2020 (UTC+8)
  • Platform: KuChain GitHub https://github.com/KuChainNetwork/Project-Decalogue
  • Expected participants: blockchain and financial related area’s professionals, including but not limited in verticals such as venture capital, custodian, payment, stable coin, DEX, DeFi, tech-heavy project, smart contract, influencer, media, security audit, among others.
  • Objective: to join viewpoint reasoning on KuChain GitHub, to share advices on improvement and practice plan over KuChain’s notion, ideas of application scenario, technology logic and economic model.
  • Reward: $10,000 shared by Top 10 proposals.

The most active supporters to participate in KuChain Betanet events in identifying qualified bugs, discussing and making valuable proposals, may join the inner circle of KuChain’s core community on their will.

For more information : https://github.com/KuChainNetwork

Regards

KuChain Team

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KuCoin aims at providing users digital asset transaction and exchange services which are even more safe and convenient, integrating premium assets worldwide, and constructing state of the art transaction platform.

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