Kucoin Highlights - 2022 is for building a better Cryptoverse
The first half of 2022 was though for everyone in the Cryptoverse, with scandals, bankruptcy, hacks and a high level of panic over the future of cryptocurrencies. However, Kucoin kept building a better ecosystem! The People's Exchange didn't stopped the constant innovation just because the bear market and kept adding new tools and products for the users.
Kucoin is a champion in listing future low cap gems, adding new methods for crypto rewards and fresh crypto opportunities. The Burning Drop is by far one of my favorite additions. This new tool allows users to pledge KCS, USDT, ETH to hedge positions for different periods, and to obtain new coins on the exchange.
Low cap gems on Kucoin are a real thing and the new listing can be that treasure we are looking for. My 2022 choices are Moonwell ($WELL) and Open Leverage ($OLE).
Open Leverage Finance enables users to lend and margin trade in a perfectly secure permissionless ecosystem. The users can leverage thousands of tokens and trade with integrated liquidity from top DEXs like Uniswap, Sushiswap, PancakeSwap or Biswap. The platform is fully permissionless and all the users can create lending or trading pools for any pair available on the DEX - with a single click. The multi chain system connects AMM DEXs on Kucoin Community Chain, Binance Chain and Ethereum. Read the full article - Kucoin new listing! OpenLeverage (OLE)
Moonwell was listed on Kucoin as a world premiere, supported for trading in pairing with USDT. Moonwell will share light on multiple chains and networks and will use Moonriver as the platform where new DeFi products will be incubated and developed before the Moonbeam deployment.
Moonwell Artemis is the open lending and borrowing DeFi protocol, and will support DOT, GLMR, wBTC, ETH, USDC, and FRAX since launch. Moonwell partnerships with several top security firms for audits and ongoing smart contract support will ensure top security, while innovative agent-based economic simulations will allow the protocol to adapt and mitigate the risks of adverse economic conditions. Read the full article - Kucoin New Listing - is Moonwell a magical gem? 💎
I was impressed about the higher level of utility for the $WELL token and I wanted to add it in my portfolio. The $WELL total supply is 5,000,000,000 tokens, with an initial circulating supply set at 50,000,000 tokens. I bought early, sold high and bought again when price was more accessible. I stopped playing on the exchange when I reached 252 $OLE, an amount that I consider fair enough for HODL mode.
My long term plan also involves Hydra, an open-source Proof-of-Stake blockchain with a unique set of economic features, using an unique combination of inflationary as well as deflationary mechanics as part of its economy. The dual system working in parallel lets the real adoption define the token total supply. I started staking $HYDRA and currently earning yield at 46% APY, with a 10% gain in few months. Read the full article - Kucoin Passive Income - Hydra to rule the world!
But what makes Kucoin special? The first unique selling point is the constant improvement, that leads directly to customer satisfaction. The progress is outstanding, as the trading volume for the first half of the year exceeded 2 trillion USD. This is an outstanding growth for Kucoin, 180% more when compared with the same period of 2021.
The highest daily volume peaked at 11 billion USD for daily trading and 23 billion USD for futures volume. Europe had the most accelerated growth rate, with 381% more volume then 2021. Latin America growth rate was 189%, while Africa & Middle East traded 152% more than in the same period of 2021.
Happy users lead to a positive image, and this is why Kucoin new registrations are reaching record levels. My portfolio grew by 25% even with the long bear market. My KCS stack grows silently, while the other assets in my account are perpetually being loaned for small chucks of profit. Is not lambos and yachts but it's profit!
The numbers of Kucoin new users between January and June 2022 reached 9.75 million. The 219% growth compared to 2021 means that Kucoin serves more then 18,000,000 million users across the globe. Asia had a year-on-year growth of 659% user increase, with over 5.5 million new users opening an account.
Kucoin is by far the best altcoin exchange, a place where you can find hidden gems and tokens that are not available anywhere else! For me, exploring the Kucoin new listing page is as exciting as discovering a cave full of treasures and artifacts.
Kucoin listed 137 new cryptocurrencies in Q1 and Q2 of 2022, with a 700 tradable assets milestone achieved. From the 137 new listings, 31 of them where added on Kucoin as a world premier! I enjoyed the Moonwell world premier and took advantage of the volatility to increase my holdings. I am buzzing while waiting for what the second part of 2022 will bring.
We hear it everywhere and we see it every where... but what is Web3? The simplified idea is that Web3 is an upgrade of the World Wide Web which will incorporate decentralization, blockchain technologies, and token-based economics. The modern technology will be integrated in day-to-day living as DApps will evolve to match the people's needs.
Kucoin embraced Web3 and launched Wonderland, Windvane and the KuCoin Wallet. Wonderland is what everyone in the Metaverse was waiting for, a platform to launch gaming NFTs. The success is measurable by numbers, and 46,000 NFTs were sold to reach 1.5 million USDT in sales volume. Windvane is the Kucoin NFT Marketplace, the place where artwork, digital collection and NFT mining are creating a non-fungible synergy.
The Kucoin Wallet was launched as a secure crypto wallet for multiple chains. It was designed as a gateway for global crypto adoption, as Web3 will become part of our lifes. The Kucoin Community Chain (KCC) was build by to community and the number of addresses already exceeds 450,000. Cheers for an even better half of 2022!
Residual Income:
Hive Blogging - LeoFinance, Peakd, etc
Join the CakeDeFi revolution and get $30 worth of DeFiChain (DFI)
Amazon author page: PV Mihalache
Quality Faucets: Free-Litecoin , FreeBitcoin & Stakecube
Tier 4 referral system: Horizen (ZEN) & ZCash from PipeFlare & GlobalHive
FreeCryptos Gang: DASH, TRX, ETH, ADA, BNB, LINK, NEO, BTC & LTC
I earn crypto for reading and writing on Publish0x and ReadCash, watching videos on Lbry.tv and surfing online on Brave Browser and Presearch
[spam]