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KuCoin to Airdrop Kratos’ KTS Test Token, Launch the Velo IEO on their 3rd Anniversary

KuCoin — a global cryptocurrency exchange based in Singapore with a presence in over 100 countries and serving more than five million clients, is today marking its third business anniversary. To celebrate, it is closely working with KuChain — a financial public blockchain under development by KuCoin Group, to airdrop KTS tokens to dedicated clients. 

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KuCoin — a global cryptocurrency exchange based in Singapore with a presence in over 100 countries and serving more than five million clients, is today marking its third business anniversary. To celebrate, it is closely working with KuChain — a financial public blockchain under development by KuCoin Group, to airdrop KTS tokens to dedicated clients. 

Kratos (KTS) Details

KTS is the native coin of the KuChain Testnet, Kratos.

Kratos is cordial with KuChain in terms of architecture, design, and concept, designed to be a testing environment for decentralized finance product pioneers tagging secondary benefits of trying out KuCoin’s other functionalities like governance and staking.

KuChain is now conducting the KTS initial coin distribution following the successful launch of the KuChain Betanet Events Phase I in July 2020.

To earn KTS test tokens, users should participate in a Lockdrop on the Pool-X platform ahead of the scheduled opening of the Betanet Events Phase II. Once Kratos officially launches, KTS test tokens will be upgraded as a coin priming the mainnet.

KuCoin Milestones Since 2017

After launching operations in September 2017, its customer base is growing at a steady rate. The on-demand and regulatory compliant cryptocurrency exchange continue to register success as it adapts to the evolving cryptocurrency market and changing customer needs. 

Notably, KuCoin provides a series of cryptocurrency-related financial services. Traders can link their bank accounts to the exchange’s wallet allowing them to directly deposit or withdraw funds. Besides, there is support for crypto-to-crypto trading, P2P trading, derivatives, staking support, lending, and a token launchpad for blockchain projects seeking to crowdfund from a secure and trusted ramp. 

Driving this is the exchange’s unwavering angling for quality and the adoption of a layer-1 security layer of a strict vetting process for projects seeking to list to cushion the end-user against fraudulent open systems chiefly characterized by weak security measures or a lack of a developed ecosystem. 

To counteract malicious attacks, KuCoin has an in-house WAF protection system. Since launch, it has safeguarded the exchange, successfully deterring over 10 billion attempts in the last three years alone. 

As part of their stringent quality control and assurance, KuCoin has a dedicated team of experts who spent hours every day scouring the blockchain space for top-notch quality projects.

This explains why KuCoin supports 250+ high-quality blockchain projects supplemented by innovative products such as KCS bonuses, KuCoin Lending, Pool-X, among others, directly benefiting their diverse clientele. 

These complementing ancillaries have seen KuCoin clients reap more than 5 million USDT in profits. Other than incentivizing programs and easy-to-use features, KuCoin’s derivatives platform is powered by a Level-3 trading mechanism allowing for transparent and near-instantaneous order execution.

Despite their overwhelming success and solutions that resolve previous pain points, KuCoin continues to explore other verticals to provide even more lucrative opportunities for their clients. 

Kratos to Resolve DeFi Pain Points, KTS Airdrop

KuCoin’s gravitation to decentralized finance and the airdropping of the KTS is advised from positive developments around open finance.

Lauded by financial analysts, the vibrant and fast-paced sub-sector continues to draw liquidity to DEXes, triggering another wave of IEOs as ambitious DeFi projects search for the best means of raising capital and achieve their goals. 

Thus far, the transformative DeFi scene continues to expand, locking billions worth of tokens–of which most are in Ethereum. However, the pioneer smart contracting is faced with unprecedented scaling challenges forcing transaction fees through the roof.

In a bid to resolve this nagging issue, KuChain is building a high-performance public chain. Kratos will be the testing environment building a four-layer network to sufficiently serve and satisfactorily meet the needs of a modern-day DEX, eventually resolving problems rampant in the DeFi field.

Additionally, Kratos will modularize its functions and protocols, while concurrently working towards improving its use case.

The Eight Spotlight: Velo

Aside from the Airdrop, KuCoin will officially launch the eighth IEO project, Velo, via its Spotlight launchpad on Sep 5. 

After activation in March 2019, seven blockchain projects have successfully raised funds directly from KuCoin clients with KCS token as a funding conduit through the Spotlight. In essence, the goal of Spotlight is to help the project raise funds, access immediate liquidity, and build influence cheaply and efficiently.  

Velo is the largest DeFi project in South East Asia and will become the eighth project to raise funds through KuCoin’s Spotlight. The DeFi giant wants to build a decentralized settlement network where trusted partners can, promptly, securely, and transparently transfer value by leveraging smart contracts.

Their immediate focus is to onboard remittance and money transfer agencies in South East Asia before expanding to the whole of Asia.

The success of Spotlight’s projects translates to positive gains of KuCoin’s native token, KCS. Reflecting on the popularity of the exchange, not only has KuCoin helped two quality projects crowdfund, but KCS continues to outperform those from competing exchanges. 

Since KCS is needed to participate in an IEO, it is highly likely that the KCS token will rise in tandem.

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Source: https://btcmanager.com/kucoin-airdrop-kratos-kts-test-token-launch-velo-ieo-3rd-anniversary/

Blockchain

Raze Network Kicks Off Testnet Phase With UI Community Voting

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[PRESS RELEASE – Singapore, Singapore, 11th May 2021]

Raze Network, the first Polkadot-based privacy protocol, is bracing to engage community members with our first testnet. Early birds will be able to provide feedback on the quality, function, and overall experience of the Polkadot-based privacy protocol.

This huge milestone clears the way for ‘Razers’ and collaborators to easily test drive the newest features and allows plenty of maturation time for these new features to be fully tested.

Our team already started designing the user interface of the privacy protocol we promised to launch. However, we want to resort to the collective wisdom of our community on how to actually bring this to realization, thus launching this UI Community Voting Campaign.

The beta testnet marks the latest step forward in Raze Network’s overall mission to enable the broader community to contribute to the evolution of our trustless decentralized privacy protocol.

Raze Network’s applications present the decentralized finance (DeFi) community with a cross-chain middleware solution on Polkadot for concealing transactions when operating on decentralized exchanges.

With a clear vision and solid use-case, the protocol-based solution leverages the Polkadot ecosystem to offer the required privacy layer for the crypto sphere. The privateness protocol aims to guard anonymity for all the DeFi stack on the Polkadot.

To achieve higher participation during the testnet, Raze Network is organizing a number of events, competitions, and challenges to encourage participants to actively test critical components of our ecosystem. Specifically, we will airdrop 1,000 $RAZE tokens to 10 lucky voters based on how many entries they generated to vote for the best UI style.

$RAZE is set to be the lifeblood of the Raze Network, designed as a utility token to represent participation in the ecosystem.

The launch of Raze Network’s UI testnet comes on the heels of several other recent milestones, including a robust set of developer resources and partnerships that continues to expand.

Just in April, we announced the strategic listing of Raze token on the popular DeFi platform, Uniswap. This listing closely follows our completed triple IDO event on three launchpads.

Interestingly, apart from going live on DEX exchanges, $RAZE tokens will also soon be listed on several tier-1 centralized exchanges.

This networked testnet release allows Raze to continue working with our partners towards the mass adoption of decentralized applications and smart contracts.

Since its inception, Raze Network sought to develop an infrastructure that is easy to understand and smooth to navigate. One where even new users can reap the benefits of a cross-chain middleware solution for anonymous transactions, payments trading, and mining.

Although the token launch is done, the real work starts. Most recently, we have completed the development of mint, transfer, and redeem contracts in Solidity. Currently, we are testing how to deploy these contracts on EVM.

Also, the major front-end and client modules that can invoke the aforementioned contracts have been developed.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to build a second-layer decentralized anonymous module.

It will then be imported as a Substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

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Source: https://cryptopotato.com/raze-network-kicks-off-testnet-phase-with-ui-community-voting/

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Blockchain

First Spot: Coinbase’s App Surpassed TikTok, Instagram, and Facebook on iOS in the US

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Coinbase’s mobile application has become the most popular app on iOS in the US. With its rise to the top, it has surpassed some highly utilized applications like TikTok, YouTube, Instagram, Facebook, and more.

Coinbase Tops US iOS Chart

According to data from SensorTower, the mobile application of the largest US crypto exchange has taken the first spot in terms of the most popular free apps on iOS in the country.

The app enabling users to buy, sell, or simply hold various digital assets has climbed with several spots in the past few weeks.

As of writing these lines, TikTok – the Chinese video-sharing social networking giant that saw the light of day in 2016 takes the second spot.

Further down the list is YouTube, followed by other social media giants like Instagram and Facebook. Interestingly, Robinhood’s app is not even in the top ten. The iOS application of the financial services company takes the 12th spot.


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It’s worth noting that the top 50 free iOS applications have two Coinbase representatives. The exchanges’ wallet app is the 46th most popular application, which places it ahead of Uber, Google Drive, and Microsoft Teams.

Coinbase’s Rise

Taking the aforementioned first spot only validates Coinbase’s popularity boost in the past year or so. The company took full advantage of the ongoing crypto bull market, which has seen prices exploding.

Consequently, the firm reported a massive increase in terms of user base, volume, and revenue in the first quarter of 2021.

These impressive results came shortly before Coinbase became a publicly traded company. As CryptoPotato reported in mid-April, the firm’s shares (COIN) launched on the giant US exchange – Nasdaq.

Although some of the early backers sold off their stocks and prices suffered in the month that followed, Coinbase only intensified its aggressive expansion. In the latest endeavor, the firm agreed to acquire Skew – the popular crypto analytics company.

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Source: https://cryptopotato.com/first-spot-coinbases-app-surpassed-tiktok-instagram-and-facebook-on-ios-in-the-us/

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ConsenSys-Backed Virtue Poker to be Launched on Superstarter, SuperFarm’s Launchpad

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Virtue Poker, the decentralized poker platform built on top of the Ethereum blockchain, will hold an initial DEX offering (IDO) on SuperStarter. The announcement follows a successful round in which VP closed funding worth $5 million.

Virtue Poker to Hold an IDO

Founded in 2016 within ConsenSys, Virtue Poker is an Ethereum-based decentralized poker platform enabling peer-to-peer networking aiming to operate as an “online poker site that’s safe, honest, and fund.”

After a few years of development, the project announced the upcoming IDO in a press release shared with CryptoPotato earlier. The statement reads that VP has partnered with SuperFarm’s recently released launchpad SuperStarter.

Apart from handling the IDO procedures, SuperFarm will be involved in other initiatives following the event, such as integrating non-fungible tokens into Virtue Poker.

“We are excited to be helping spread NFT adoption to new types of ecosystems and use cases. Virtue Poker makes for an excellent partner for our recently introduced SuperStarter platform, showcasing its enormous benefits to the SuperFam community and the high caliber of projects wishing to integrate NFTs in their stack.” – commented Elliot Wainmann – Founder of SuperFarm.

According to the announcement, VP will put a small portion of its native coin (VPP) for sale on SuperStarter. Future token holders can stake their assets to run Justice Nodes and earn 50% of the platform’s fees.

Additionally, they will access marketing initiatives, save on fees, and “shape the development of the Virtue Poker platform.”

Ryan Gittleson, Founder and CEO of VP, noted that his project was built on Ethereum because the latter enables the creation of a “provably fair and easy-to-access poker platform,” which could be “revolutionary for the multi-billion-dollar online poker industry.”

Securing $5M Funding

Before the IDO announcement, Virtue Poker completed a strategic investment round of $5 million in April 2021. Apart from Consensys, other prominent names that took part included Pantera Capital and DFG Group.

Furthermore, the statement highlighted that the Poker Hall of Famer Phil Ivey is a stakeholder and a spokesperson for the project.

Virtue Poker also touched upon the license it received from the Malta Gaming Authority. After working together for “nearly two years in establishing a regulatory framework,” VP became the “first and only blockchain-based company” to receive such a license from MGA.

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Source: https://cryptopotato.com/consensys-backed-virtue-poker-to-be-launched-on-superstarter-superfarms-launchpad/

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