H1 2022 Report on my favorite cryptocurrency Exchange.
If you’ve been following me, you’ll know by now that I conduct all my crypto related activities on Kucoin, ranging from trading to investing to participating in crypto related competitions and events. As a result of this, I can say I have a good idea of almost everything going on with kucoin.
Before I proceed, I’ll like to look back at a previous event that made headlines on Twitter crypto space. We saw an organized FUD targeted at kucoin detractors and probable close competition. Kucoin responded by releasing its financial reviews for the first half of the year, and we know how the story went from there.
Accusers deleted their tweets, Some went off air,others blamed anonymous accounts for unverifiable information, but the funniest excuse I saw was that of an influencer with over 30k followers(name withheld) stating the 2 weeks interval KuCoin gave for claiming a reward he won as his reason for buying in and spreading false information. This led to the launch of the Anti-FUD Fund commissioned by Johnny Lyu.
P.s kucoin has a 15 working days review window prior to reward distribution and there are several reasons for this ranging from accountability to proper documentation and an added period to entertain complaints arising from the reward activity. But that is by the way.
Today I’ve prepared some juicy and mouth watering intel on the number 1 alt exchange KuCoin that would give you a healthy insight on the exchange recent activities and help you make informed decisions when making a crypto exchange switch or trying to find the best exchange for you.
This write-up is purely based on my personal experience using the exchange complimented with official and confirmed details. I do not get paid to shill KuCoin to the public, I’m just sharing my own first-hand insights in a view to help you make a more informed decision.
Let me start by talking about KCS, the exchange utility token of KuCoin and the best performing exchange native token in H1 2022.
Over the past year, KCS has grown from an underdog crypto asset to currently rank in the top 50 crypto assets by market cap all thanks to the hard work and innovation of the kuCoin and KCC development team. We also witnessed the release of the KCS white paper which extensively outlined the impressive road map for the development of KCS and the KCC network. Along with the whitepaper came the burn of 20 million KCS from circulation. You can read more KCS road map and whitepaper here
H1 2022 also saw the first ever KuCoin cloud mining service go live.
What is cloud mining all about?
If you’ve been in the crypto space long enough, you already know you need dedicated and specific hardware to mine Bitcoin and a couple other Proof of work(POW) based cryptocurrencies. While crypto mining can be very profitable, these hardware are both expensive and power consuming and you’d need to set up several of them in order to stand a chance at making profits. In came KuCoin with a super solution.
CLOUD MINING
Now KuCoin cloud mining offers you all the benefits of cryptocurrency mining without any of the stress or cost. You don’t even need to hire an expert or set up anything, just a few clicks on the KuCoin Cloud Mining page and you’re good to go.
Probably the most interesting highlight of 2022 so far is KuCoins bold and commanding charge into the web3 sector with the launch of their own NFT market place called WINDVANE. Windvane is KuCoins grand entry into the Nft market after a period of building and developing. KuCoin in collaboration with KuCoin ventures which is the investment arm of the KuCoin ecosystem backed up the introduction of Windvane by launching a $100 million creators fund to encourage, empower and facilitate users and industries to venture and develop more utilities in a bid to create service solutions for the web3 phase of technology.
So far, some very interesting projects have been launched on the Windvane marketplace including Galaxy Blitz and Zzoopers. To find out more about this giant stride into the next phase of technological advancement and also be a part of it, check out the Windvane Nft market place dedicated page
To further Cement KuCoins industry leading growth in the cryptocurrency and global financial space, KuCoin announced a $150 million Pre-series B funding round led by Jump crypto on the 10th of may. This took KuCoins total valuation to $10 billion as it climbed further up the ladder ranking the best cryptocurrency exchanges globally.
An arrangement that enables an exchange to hold enough liquidity to handle all of its daily requirements and cater for all its customers needs is the type that breeds investors. All investors want positive returns on their investments, and therefore opt for industries with viable financial management practices, this is exactly what KuCoin stands for. An extensive review of the pre-series B funding can be found here including the $10m strategic investment by SIG firm
oh! I almost forgot about the IGO launch.
After a truly great end to the month of March featuring the KCS super week,KuCoin kicked off April with the introduction of the Initial game offering project(IGO).
With Nft and GameFi taking the digital assets market by storm, spotting the right project at its infancy has always been a problem for investors looking to place their stake in this new and emerging market. When you eventually find the right project, you are again faced with the dilemma of purchasing Nfts security and at a low cost.
The aim of KuCoin IGO is to provide a seamless experience for users to purchase and manage their Nfts. With KuCoin IGO, acquiring Nfts is as easy as spot trading. Most popular Nft and gameFi projects are hosted on decentralized exchanges(DEX) which can be cumbersome and confusing to navigate and operate by newbies. However, the IGO would offer entry level gamefi and Nft projects that have been fully scrutinized by industry experts to its global customer base on the KuCoin exchange. No Gas fees charged for the purchase of the Nft or its transfer from Kucoin. Pikaster, a card-battle play-to-earn game featuring pikaster Nfts was the first project to officially Launch on KuCoins IGO on April 11th and since then we’ve seen other great projects like X Rush, crypto Elite battleground(CEBG) and Idle Stone Age followed.
Boosting low entry price and good value for Gamefi projects, I think the IGO has the potential to be a wealth generating opportunity from the KuCoin stables, one I won’t hesitate to make use of. For more detailed information, see the official announcement on KuCoins IGO.
KuCoin has been named the best altcoin exchange in 2022 by ascent and recognized on Forbes for its groundbreaking innovation in the crypto space. No KuCoin account yet? Sign up with my link so that you can be part of this wonderful journey. You also get 20% off on trading fees
Boosting over 800+ assets, 1200+Trading pairs and over $7 billion on average in daily trading volume, 2022 is the Year KuCoin finally crossed the 20 million users mark. KuCoin offers its services in 207 countries including the USA and gives users access to spot, margin and derivatives trading with leverage up to 100x. Kucoin is ranked in the top 5 best exchanges by all the major cryptocurrency news outlets. Home to crypto projects like VRA, blok, DAO, chmb, VR and a host of others, Kucoin offers over 27 payment methods and boosting several avenues to enable the generation of passive income to meet the needs of all classes of investors.
Follow me and like for more crypto related information
Join KuCoin Telegram Channel and YouTube channel learn about Crypto Trading and Investing
Also Read
Everything you need to know about KuCoin trading bot
How to earn more Crypto in the bear market
Development of KuCoin after SIG strategic investment | There’re 7 Ways To Earn Passive Income on KuCoin!
