AMA Recap: CRYPTO MINERS X KUCOIN
KuCoin is one of the largest crypto exchanges in the world proving best user experience and features.
We hosted an AMA session with KuCoin on 9th December at 9:30 AM UTC.
Mr. Ramsy was the host from Crypto Miners and Eleanor, Business manager of KuCoin was our guest and shared delightful knowledge and unique features of KuCoin.
Segment 1️⃣: Introduction
Hello everyone 👋 and welcome to the Crypto Miners AMA session With KuCoin
Thank you all for joining us today❣
To help us learn more about the featured project of this AMA session, we are lucky to be joined By Eleanor , Welcome to our community 🤝
This is Eleanor from KuCoin, the user growth manager . and I am very happy to share KuCoin updates and our newly listed token – Credi with you today.
Glad to see you here ,
Thanks for bringing Us KuCoin And CredeFi ❤️
I’m pretty sure that our AMA participants are very much excited to learn more about KuCoin &Credi, so let’s get started if you’re ready!!
Yea, let's start !
Q1. Can you briefly introduce KuCoin?
Known as the People’s Exchange, KuCoin ranks as a top five global crypto exchange and is named as the best crypto exchange in 2021 by Forbes Advisor.
We provide a diversified category of trading tools and services to cater the needs of more than 10 million investors in 207 countries and regions, including Spot trading, Margin trading, Fiat trading, Futures trading, Staking, and Lending etc.
KuCoin is also known as the top 1 altcoin exchange. We currently support over 600 projects with 1000+ trading pairs. A number of promising projects like BLOK, KDA, ZKT, and MOVR had their premiere listing on KuCoin.
Thanks for the brief introduction About KuCoin 😇
Now let's see our second one of this segment...
Q2. Can you share some key functions or features of KuCoin that were recently launched or upgraded？
KuCoin is transforming into the biggest social trading platform in crypto which offers Smart and Simple Social Trading Functions such as like, follow, comment, and share.
You can show your support to a specific token, add it to your favorite list or portfolio, or leave your comments on a trending coin or topic.
Furthermore, each user can directly interact with crypto influencers and smart brains from any corner of the world via KuCoin App, to understand their thoughts on trending topics, discuss trading strategies, and share investment stories.
And we simplify the trading process for users by removing the order book and order type functions. Users can simply choose a token, tap the buy button, and enter the purchase amount to complete a trade.
We also offer a copy trading feature that allows you to browse the most successful strategies on the platform, and create a portfolio that meets your return expectation and risk preference in one click.
The advantage is obvious, users have the chance to get higher profits by simply checking and copying a trading strategy that’s been proven by the market.
Q3. As the home of crypto gem, KuCoin has listed a number of promising projects. Why did KuCoin select the CREDI project?
We have been exploring promising blockchain projects in different categories at their early stage, and offer holistic support to these projects in terms of token listing, marketing campaigns, R&D, etc. KuCoin has been focusing on the DeFi ecosystem for a long time. So far, we have discovered high-quality DeFi projects such as LITH, PBX, and SRM.
Credefi is an innovative mix of DeFi protocol and FinTech solution connecting crypto lenders of stablecoins and SME borrowers. In the current market, SME borrowers and DeFi lenders are limited by several key factors.
These include inconsistent DeFi yields, high interest rates, and the lack of lenders needed to meet SME borrowing demand. The Credefi platform aims to solve these issues with decentralized and secure lending for a wide range of businesses and a fixed APY that isn’t linked to the crypto markets. This means less volatility for the same borrowing.
By ensuring SMEs have a reliable lending source and DeFi has reliable borrowers, the Credefi team believes they can change the world of DeFi borrowing.
Q4. Can you share with us what is the most impressive feature or service of CREDI?
Sure, CREDI has many innovative products and I think the most fantastic service is trade finance.
In order to better connect crypto lenders and SME borrowers, Credifi will offer its service in three different stages.
The first stage is portfolio lending. During this stage, the Credefi ecosystem participants can lend stablecoins to their portfolios. The Credifi platform will provide risk assessment and credit score data to all lenders, ensuring they have the information they need to make an informed decision. All credit portfolios will then achieve an APY of 10% and above, depending on the risk involved.
The second stage of Credefi is project-based P2P lending. During this stage, Credefi will take full advantage of the decentralized capabilities of the blockchain, with a focus on peer-2-peer lending.
The final stage is trade finance, in which Credefi aims to combine traditional banking instruments with decentralization. This will allow Credefi to offer a broader range of services to its customers.
Peeps, Ready To Trade👀
Q5. Is there any future planning for your cooperation with CREDI?
With the explosive growth of DeFi, we believe that the CREDI will play a key role in the DeFi ecosystem. The listing of CREDI is a good start of our future cooperation. Apart from the listing, we are also in the process of planning and negotiating a series of campaigns such as trading competitions, trading bot service, Pool-X staking services, etc. Users can check KuCoin announcements for more future cooperation details. Pls stay tuned.
Q6. KCS, the native token of KuCoin, breaks a new ATH. Could you introduce KCS to us?
KuCoin Token, which is KCS for short, is the native token of KuCoin. It is a utility token that allows traders to share the growth benefit of the exchange. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain in existence
Holding KCS can earn a passive income. Holding at least 6 KCS, you can get a daily KCS bonus which comes from 50% of KuCoin’s daily revenue. You also can participate in Spotlight and BurningDrop with KCS.
If you want to hold some CEX tokens, KCS is a good choice. In comparison with other CEX tokens, KCS is the top runner, with a 2,637% up in price since the beginning of this year.
Alright, now let's see our last question from this segment...
Q7. We have some people who are new to KuCoin. Can you introduce some products of KuCoin that are easy to use and get passive income?
The highest price is 0.4526usdt, are you right?
Beginners prefer easy-to-use, more secure trading tools to help them earn passive income. KuCoin Lending and Trading Bot could be the ideal choices for newbies.
KuCoin Crypto Lending offers a peer-to-peer lending market, where users can lend assets to earn passive income. Take USDT as an example, the APR ranges from 10% - 30% most of the time.
KuCoin Trading Bot is a user-friendly trading tool and is free to use. You can start creating a trading bot with a few steps to automatically execute trading strategies. KuCoin now supports 4 trading strategies: Spot Grid, DCA, Futures Grid and Smart Rebalance. Over 5 million bots have been created worldwide and you can copy others’ settings to get started quickly.
Thanks for that well detailed introduction about KuCoin &Credi🤝
That's the wrap up of our the first part of the AMA session ✅
To show our appreciation for the community to joining the AMA, here's our First Envelope For Our Community...
【Crypto Miners sent you a big red envelope!】Copy the entire text【2gGLcjP】and open KuCoin App or click https://kcst.art/bWYIUTWxv to get the USDT red envelope.
Let’s now proceed to Our last segment, Twitter Q&A
I hope you’re ready for that!
Segment 2️⃣: Twitter Questions
1)KCS hit its All time high in the past week! Is kucoin doing anything special to increase the value of $KCS? What are the upcoming events in kucoin which will be effectively increase the native token KCS value to moon?
KCS will play an increasingly important role in the KuCoin ecosystem. It is also the only native coin that can distribute dividends.So $KCS will be the next $BNB
2) Do you have any intentions to increase the number of clients that use Kucoin by offering a wider selection of services and goods? Do you have any advice for novices just starting out on the exchange? What are some tactics for retaining users?
Here's our last question from Twitter.
Sure, certainly! We will continue to optimize and progress.
For instance, if you are a crypto newbie, you can start your crypto journey by using KuCoin Crypto Lending and Trading bot.
https://www.kucoin.com/news/en-10-million-rewards-in-new-referral-program Those who are interested can also participate in this activity
Thanks for Your Valuable Answers❣
And that’s the end of our twitter question segment 🥂
Thank you again
Thank you all for joining today's AMA session to learn more about KuCoin &Credi, So Here's The Last Red Envelope ....