We held a live AMA with Kucoin Global Business Manager, Eleanor from Kucoin Exchange on 7th September 9:00 PM (UTC+8). Here’s the recap for those who missed it.
JH | ShinChan: Today we have many new audiences here. We’d love to hear a brief introduction about KuCoin first.
Eleanor: Hi, This is Eleanor, it’s a great honor to come to this group to meet everyone. let’s start❤️
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges.
It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Crypto Lending to its 8 million users in 207 countries and regions around the world.
In 2018, we secured $20 million in Round A funding from IDG Capital and Matrix Partners. And for this year, KuCoin was named by Forbes Advisor as the Best Crypto Exchanges in 2021.
As the crypto market is going bullish, KuCoin enjoyed explosive growth. The total number of KuCoin new users in Q2 2021 exceeded two million, with unprecedented quarter-over-quarter growth of 1144%, and a year-on-year increase of 709%. And the accumulated transaction volume reached $400 billion.
Many users come to us for our various coins, low fee and supportive customer service, if you are not a KuCoin user yet, today I have some surprising gifts for you. Sign up via our exclusive link (https://www.kucoin.com/ucenter/signup?rcode=8fHaPf） then you can share the 8,000 IXSWAP ($IXS) reward pool. 😋
JH | ShinChan: KuCoin Spotlight has listed a lot of real-potential crypto gems. Can you tell us how KuCoin finds them?
Eleanor: “Find the next crypto gem” is one of the future strategy priorities of KuCoin. In order to “Find the next crypto gem”, our blockchain research team in multiple continents will keep up with the industry trends to find more promising projects.
The team consists of 20+ experts who are responsible for the overall process from candidates to final listing. The whole process involves 3 independent teams and 4 levels of reviews.
We will evaluate candidates in nearly 100 subcriteria covering their team, financials, marketing efforts, community, token metrics and more. Less than 10% of the candidates can be listed on KuCoin eventually.
To sum up, Spotlight ensures a higher quality of listed tokens through a strict selection process. 😊
According to the historical data, KuCoin has launched 14 Spotlight projects, with the highest ROI exceeding 3,368%. To name a few, LUKSO has reached a 122 times increase in token price, and PDEX price surged by 114 times. Due to the high ROI, KuCoin Spotlight has been popular among crypto investors.
JH | ShinChan: the next question
Can you explain to us why KuCoin chose IXS Swap as your latest Spotlight project?
Eleanor: Thanks for asking. This is a good question to start our IXS discussion today. Security tokens and tokenized stocks have massive potential. Right now, these represent a fraction of the total private capital market.
However, tokenization offers huge benefits over traditional processes, and thus the combination of the two financial products will bring huge potential to both markets and traders if done efficiently.
IX Swap is an Automated Market Maker (AMM) and liquidity pool platform for Security Token Offerings (STO) and Tokenized Stock Offerings (TSO). It has been purpose-built for this use case to fill in the missing gaps in the infrastructure needed to bring about the resurgence of STOs.
As ‘the bridge between DeFi and CeFi,’ the project is looking to bring much-needed liquidity to the STO market. This will help fix a long-standing issue of the market and help it leverage the growth of interest in the DeFi realm to push forward the use of tokenized assets.
JH | ShinChan: The IXS token sale subscription is currently open for participation, can you tell us how to participate in the Spotlight? and whether there’s an entry threshold?
Eleanor: I think the tutorial will be more helpful for you to participate in the 14th Spotlight token sale.
And there are more tips you should keep an eye on. First, the IXS token sale subscription has started and will end at 00:00:00 on September 8, 2021 (UTC).
Except for the chance to join the Spotlight, we have also prepared an exciting activity for you to share the 8,000 IXSWAP ($IXS) reward pool.
Every new user of KuCoin can participate. All you need to do is sign up using our exclusive URL: https://www.kucoin.com/ucenter/signup?rcode=8fHaPf and after signing up, you can trade IXS during the activity to earn double rewards from the pool. 😍
JH | ShinChan: As far as I know, KuCoin also provides many other amazing products . Can you introduce us to the details?
Eleanor: I would like to introduce Crypto Lending and Trading Bot, which are 2 amazing KuCoin products for investors to make passive income.
KuCoin Crypto Lending provides users with a peer-to-peer lending market, where they can borrow crypto assets to amplify their profit and lend assets to earn stable passive income. At present, the KuCoin Crypto Lending platform has supported more than 50 tokens.
Compared with other features like Margin trading and Futures trading, Crypto Lending is more suitable for users who prefer low-risk investment and pursue stable returns. It means that Lending is a perfect match for holders who can keep coins and earn extra profit.
Furthermore, it is user-friendly to new crypto investors, who can lend crypto assets to earn passive income with several simple clicks. Currently, the traders are more prone to long rather than short, resulting in USDT having as high as 25% APR for lending.
And for KuCoin Trading Bot, it is a free trading tool that can help users save time and energy while improving their profit. It is equivalent to configuring a 24/7, all-round bot butler for your trading strategy. KuCoin now supports 4 convenient and intelligent trading strategies:Spot Grid, DCA, Futures Grid and Smart Rebalance to help users gain profits during market volatility.
This product has gained considerable attention and interest as whether in a bullish, bearish, or turbulent market, it has many great advantages such as reducing repetitive work and trading risks; seizing the trading opportunity in an intelligent way; saving time and energy,etc. With these useful and convenient features that make it stand out from the crowd of existing trading bots.
Q1: Who decides on what stocks will be featured on on IX Swap’s platform? Is the decision will be based on your team or the voice of the community? How do you value your community’s opinions and sayings?
Eleanor: In the intial phases of the platform. IX Swap will choose the STO/TSOs that will be listed to ensure the high quality of STOs that we would want to list. We will beoffering governance capabilities in the future to vote on supported pools giving the community a chance to be apart of the IX Swap decision making process
Q2: What are the key features of the STO token being a security token in IX Swap and what role will it play in the liquidity pools and automated market for (TSO)?
Eleanor: Security tokens are the next generation channels of capital formation for businesses. These offerings are similar to traditional securities offerings, but instead of receiving a stock certificate or note for their investments, investors receive their investment shares in the form of security tokens.
To be able to trade security tokens legally, licenses are required. IX Swap works with licensed partners to provide secondary trading liquidity for STO token holders through STO liquidity pools and AMM capabilities
Q3: Is there any foundation or company support in building IX Swap? How was IX Swap born and who is behind it, what is its future?
Eleanor: No there is no foundation behind IX Swap. IX Swap has been built by a group of individuals that span across the blockchain, capital markets and legal space. The IX Swap has collectively built over 15 companies.
Over the last few years many companies (us included) have been working hard and tirelessly at building out the STO infrastructure. Security token issuance companies, exchanges and custodians have been licensed, established and are paving the way for the rebirth of the STO ecosystem.
However, despite this rapid development, a key problem, trading liquidity, still persists. This has been a well-known issue and the industry has been kicking the can down the road, waiting and hoping that traditional market makers would enter the space.
Today, there is still a lack of market-makers in the space to do this. We have built IX Swap to solve a key infrastructure problem in the STO ecosystem. IX Swap was birthed not to create some other run of the mill DeFi project but as a NEED for the STO industry for it to progress and expand beyond its current limitations.
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