KuCoin, a Singaporean-based cryptocurrency exchange has announced the first project to be launched on its Spotlight platform while also listing Monero (XMR) on its trading platform.
MultiVAC First To Be Launched On KuCoin’s Spotlight
KuCoin announced yesterday, March 25th that MultiVAC will be the first project to be launched on its Spotlight Launchpad program. The token sale for the project will start on April 3, with Spotlight expected to sell 600,000,000 MTV tokens.
MultiVAC is currently building the world’s first fast, efficient, and fully sharded blockchain network. The sharding of the network would be very helpful to the blockchain since it would be used for computation, transmission, and storage, while also ensuring that security of the system is robust.
The MTV tokens can be purchased using the KuCoin Shares coin (KCS), the native token of the cryptocurrency exchange. Michael Gan, the CEO of KuCoin was happy to share this latest development with the community.
The launch of Spotlight will see KuCoin provide competition for Binance Launchpad which has already hosted some big token sales including BitTorrent token, Celer Network, and a few others.
Monero (XMR) Listed On KuCoin
The KuCoin development team announced earlier today, March 26th, that it has listed Monero (XMR). The coin will start trading on the platform immediately, and the pairs currently available are XMR/BTC and XMR/ETH.
Deposits and trading of the cryptocurrency start immediately. However, withdrawals of XMR from KuCoin exchange will commence on March 28th, 2019. The KuCoin team praised Monero as the leading private and censorship-resistant
KuCoin advised its customers to properly learn about the crypto sector before trading or investing due to the risks involved. They added that they screen all cryptocurrencies before listing them on their trading platform to ensure that they have a strong foundation and prospect.
CV Labs & Tokengate Is KuCoin’s Latest Global Ambassador
On March 18, KuCoin revealed that it has collaborated with CV Labs & Tokengate, with the Swiss-based blockchain institution to become KuCoin’s latest global ambassador. The two companies will work together to find new promising projects, with KuCoin expected to contribute to the growth of CV Labs & Tokengate in the blockchain space.
Ralf Glabischnig, a board member of Tokengate and CV Labs was excited about this latest partnership, stating that CV Labs and Tokengate will provide numerous supports to blockchain startups that have the potential to bring positive changes to the global economy.
Michael Gan, CEO at KuCoin stated:
KuCoin To Focus On Boosting Coin Security, Liquidity, And User Experience
The next goal for the KuCoin team is to push its KCS coin into the top 20. The CEO believes that the cryptocurrency is currently undervalued, and they are therefore working improving their technique, security, product, user experience and liquidity to help boost the KCS coin.
KCS has gone up by 1.1% over the past 24 hours and currently occupies the 53rd spot on Coinmarketcap following the Spotlight announcement yesterday.
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