KuCoin Community Chain (KCC) Testnet Now Live!
The blockchain industry is on the verge of going mainstream, and a major reason behind its mass adoption is the release of ventures like KCC (KuCoin Community Chain) Testnet. The announcement came in recently and intrigued the entire blockchain community.
The announcement acted as an invitation to developers, projects, and users to make their contribution to assist KCC in evolving as a blockchain network. KCC is presented as an esteemed decentralized public chain using go-Ethereum as its base. Its primary intent is to provide a prompt, high-octane, simple, and efficient blockchain experience.
Its key features are presented as complete ERC-20 smart contracts and ETH compatibility with minimal migration expenses. KCC intends to speed the value’s flow throughout the world with the power of blockchain. To accomplish the goal, it will also be releasing KCS (KuCoin Token), the native KCC coin, acting as the GAS fee payment with low transaction charges.
The platform will integrate the PoSA (proof-of-staked-authority) consensus algorithm for enhanced stability, security, and efficiency. With a block transaction confirmation speed of 3 block results per second, KCC will certainly provide the next-gen chain performance.
As the platform possesses such functionalities, it is viable for users to get attracted to it. However, it is not the only reason behind KCC garnering such market buzz. What does it mean? Find out in the next section.
KCS Token to Get Listed on Poloniex
Renowned as one of the top five crypto exchanges, KuCoin has announced that the KCS token will be listed on the Poloniex exchange. The announcement followed KuCoin’s pattern of making critical releases in quick succession.
KuCoin Labs (a research and market analysis branch) and KCC are part of KuCoin’s market expansion in 2021. Its native token, KCS, will also be listed on MXC and AscendEx, marking the start of its market prominence. KCS Token will facilitate the functionalities of a utility token.
It will also allow users that own at least 6 KCS to earn a daily bonus from KuCoin’s fee revenue. KCS holders can also partake in the KuCoin spotlight sales, where you can earn over 20% discount on trading fees. With the release of KCC, KCS Token will open the chance to earn over 44,800 USDT.
Being known as the top 5 crypto exchange is not good enough for KuCoin as the platform makes multiple announcements indicating its market surge. KCC, a decentralized public chain, and KCS, its native token, are the two latest announcements KuCoin made. The blog covers key information regarding both releases, and you can expand your grasp over the subject by going over it.
