KuCoin Announce Cash Back Program and Burn Plan
KuCoin announce that it will launch the KCS Lockup & Cash Back Program and Burn Plan. The program will officially start on August 1. Users who lock up their KCS tokens will be able to receive an annualized rate of return up to 50%. This program is believed to promote the diversity of KCS ecosystem, enrich the rights of KCS users, and increase the market potential of KCS.
According to the rules of the program, during the period from August 1 to August 31, 2019 (UTC+8), users will be able to join the program by withdrawing KCS to a specific wallet address.
The lockup period will be 90 days. The minimum amount for a single lockup is 200 KCS while the daily maximum lockup amount per person is 10,000 KCS. The daily maximum lockup amount for the entire platform is 500,000 KCS, and when the total lockup amount reaches 5,000,000 KCS, users will not be able to lock their KCS.
Staking economy is one of the hottest topics in 2019 and many well-known projects like ATOM, EOS and TRX are offering staking services. The annualized rate of return of staking is usually 6%-12%, while in the KCS Lockup & Cash Back Program, the highest annualized rate of return is up to 50%, with a minimum of 35%. The earlier you lock KCS, the higher the rate of return you will get. All the lockup revenue will be distributed along with the principal on day of unlocking.
KuCoin announce also introduced the KCS Burn mechanism in this program. According to the announcement, KuCoin will additionally burn the same number of KCS based on the number of total KCS locked by all users. KCS Cash Back Program and Burn Plan will be implemented in December 2019.
In addition, to further protect its investors, after the KCS unlocks, KuCoin will provide a service for repurchasing the user’s locked KCS at the price of 10% off the average KCS price (USDT price) on the day of the user’s lockup. Users can apply for repurchase services on their own.
As the native token of KuCoin, the exchange has continuously introduced initiatives to empower KCS Cash Back Program and Burn Plan this year. KuCoin announce KCS holders now can get a daily KuCoin Bonus and enjoy a trading fee discount. After the official release of KuMEX, the cryptocurrency contracts trading platform developed by the KuCoin team, the exchange will use 50% of the net revenue from KuMEX for KuCoin Bonus distribution to KCS holders.
With the gradual adoption of blockchain technology, KCS has also begun to expand its use cases, enhancing its intrinsic value. Now, KCS can be used to get a loan on ETHLend, perform real-time transfers through ADAMANT Messenger, and play online games on PlayGame.com. With the recent collaboration with CoinPayments, KCS opened its door to over 2.4 million merchants worldwide.
This move will further enhance the underlying value of KCS. KuCoin recently announced Cash Back Program and Burn Plan that it will upgrade its KuCoin Bonus Plan in the third quarter of this year, and before its launch, KuCoin will execute the Cash Back Program and Burn Plan, KCS Buy Back and Burn Plan every week to accelerate the burn process of KCS.
The KuCoin Exchange opened for cryptocurrency trading in September 2017 and has enjoyed steady growth into 2019. The KuCoin Exchange puts a high priority on the quality of the projects listed based on a well-trained research department that scours the blockchain industry for the highest quality projects.
KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. Over time, KuCoin aims to provide long-lasting, increased value to its more than five million registered users, in over 100 countries. In November 2018, ‘The People’s Exchange’ officially partnered with IDG Capital and Matrix Partners.
Proof Of Stake On Kucoin Exchange! Stake Tokens Now
Everyone likes getting something with little to no effort, which is why the idea of getting a passive income with cryptocurrency attracts a lot of attention. There are a few different methods that enable crypto traders to earn crypto passively. Whatever the method, they can utilize the crypto they are holding and get something in return.
KuCoin announce Staking is one such way to achieve this. Not only can users earn rewards through PoS, but thy can also feel good knowing that they are playing an integral role in securing promising blockchain developments.
Proof of Stake or PoS involves staking some amount of crypto in order to reach a distributed consensus and validate transactions in the network. The creators of the block are chosen at random, though the amount of a particular cryptocurrency they are holding and how long they have held it can also influence the decision. Rewards are given out for this process, based on the proportion of their holding.
There are different ways in which staking can occur. One such way is through a provided wallet. Projects that develop their own wallet are often seen as promising, as it reflects a lot of time and work being put into the project. It can be convenient too, especially for the purposes of staking.
Those looking for how to make a passive income from crypto through PoS have many choices. Here are a few different tokens that enable users to earn more crypto passively using their own wallets.
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Energi (NRG): A New Approach To Cryptocurrency
Energi is a project famous for its unique self-funding treasury system, where it allocates funds for development, growth, and other areas. It is a decentralized cryptocurrency that takes solutions to existing problems in the blockchain space while improving upon the strengths that have made other blockchain projects successful. NRG is the token that powers the project.
Having transitioned to proof of stake consensus earlier this year, Energi offers the opportunity for users to stake their tokens in order to earn rewards. The project designates and distributes 10% of the newly emitted Energi each month to the stakers.
KuCoin announce Staking involves just holding NRG in an Energi Core Wallet that is connected and synced to the network. A minimum of one NRG is needed to use the Energi PoS, though staking more will allow users to earn a larger reward.
KuCoin users can also simply leave NRG tokens and receive automatic rewards thanks to KuCoin’s Energi soft staking.
MetaHash Coin (MHC): Earn Crypto Just For Being Online
MHC is the token of the MetaHash network, which aims to help the building of a new internet with decentralized applications that work in real-time, and are fast and secure due to its unprecedented speed and enhanced security based on a unique consensus technology. So, how can Metahash’s token, MHC, be used to get a passive income?
Described as the ‘evolutionary form of mining’, it is a new concept for protecting network consensus based on proof of stake rather than proof of work. This allows for the project to ensure scalability and speed, with hardware requirements kept lower. In return, it is possible to earn higher, more fair rewards. There are two forms of forging: Passive and Active.
Rewards for passive forging are earned just for being online on MetaGate for at least 4 hours, and users only need to hold and stake as little as 100 MHC. MetaHash also offers a daily reward pool for passive forgers. A pool of 19k MHC is shared out amongst passive forgers, who receive one share every four hours they stake their tokens.
Active forgers automatically participate in passive forging, along with all the other benefits. KuCoin announce 1000 MHC, it is possible to start earning tickets for a daily lottery every 4 hours. An amount of around 170k MHC is given away in this lottery, with the possibility to receive up to 60 tickets each day.
The daily reward is around 0.13% for active forgers. Distribution occurs every 24 hours, meaning it is possible to receive a daily passive income of cryptocurrency through the project. Delegation can also earn users a passive income through rewards. Staking 512 MHC or more will earn the everyday reward.
TomoChain (TOMO): Using The Proof Of Stake Voting Consensus
As a highly secure, low latency blockchain, TomoChain is the ideal platform for developing and building DApps. The project introduces itself as an innovative solution to the Ethereum blockchain’s scalability problem, thanks to its masternode and consensus mechanism.
TomoChain uses Proof of Stake Voting (PoSV) consensus, which utilizes both staking and a fair voting mechanism for governance. For the purposes of earning a passive income, there is the opportunity here for users to stake their TOMO in order to vote for masternodes and earn rewards.
TOMO rewards for staking are about 0.00625 per 900 blocks for a user with 1000 TOMO staked. KuCoin announce that is around 2.1 TOMO per week. Minimum stake amount is 10 TOMO. Voting can also be done to earn rewards by depositing tokens into a smart contract associated with a node candidate through the TomoMaster system.
NIX (NIX): Off-Chain Governance With Staking
NIX is a privacy currency and cross-chain privacy platform designed with the aim to deliver completely anonymous, decentralized blockchain transactions. The project is able to achieve this by combining atomic swaps and privacy, using a ‘Ghost Protocol’ in order to provide anonymous and decentralized transfer of assets.
NIX uses an off-chain governance model that secures the blockchain through ghost nodes and staking. Having transitioned from proof of work to proof of stake, NIX has developed an inflation schedule that increases the staking reward as the network matures. LPoS, or Leased Proof of Stake, where users can lease their coins to a merchant to stake for them, is possible too.
There is no minimum amount of NIX when it comes to staking passively. The reward will always be around 2.5 NIX per successful stake, KuCoin announce with an expected ROI of approximately 12%. While the reward amount is fixed, those with a smaller stake will be chosen less frequently than those with a higher holding.
Neblio (NEBL): Start Staking With No Minimum
Neblio is a platform that is built for enterprise applications and services. The goal of the project is to make it easier for businesses to develop and deploy distributed applications that drive business value through blockchain technology. The NEBL token is the lifeblood of this Neblio Blockchain platform.
As a PoS project, the Neblio Network needs users to stake their NEBL in order to ensure all members of the network are behaving honestly. Those who choose to stake their coins and thus secure the network will be rewarded for their time and effort.
There is actually no minimum amount of NEBL required to start staking and the minimum staking time is 24 hours. The age of staked tokens impacts the reward that is earned.
KuCoin users can also simply leave NEBL tokens and receive automatic rewards thanks to KuCoin announce Neblio soft staking.
It is fair to say that there are many different projects that allow crypto holders to make their crypto work for them. Staking is one of the prominent ways that users can achieve this.
While the cost of entry does vary, it is quite easy to get started. Generally, the bigger the input, the greater the reward, as projects want to incentivize users to play a role and hold their tokens. This is what should be kept in mind when finding the best passive income cryptocurrency.
Cryptoindex.com Listed On KuCoin Cryptocurrency Exchange
The leading index for investors in the crypto space, has announced that the KuCoin exchange has listed it as a tool for people looking to evaluate the performance and credibility of digital assets.
Cryptoindex.com lets novice investors and experienced crypto enthusiasts access information on the 100 best-performing digital tokens and cryptocurrencies based on trading volumes and social media followings.
The KuCoin exchange reached unicorn status faster than any company in history (under four months) and achieved a billion-dollar valuation in large part due to its ability to choose tokens users are interested in—ones that have genuine potential blockchain applications.
This will be further enhanced by Cryptoindex.com, which uses its proprietary AI technology Zorax to analyse tens of millions of trades and news announcements, letting investors view the top coins.
VJ Angleo, CEO at Cryptoindex.com, said: “The team at Cryptoindex.com is honoured to be listed on the KuCoin exchange and looks forward to providing its investors with insights based on data analysis, volume trades, predictive analytics, and social media investor sentiment. As investors become increasingly bullish on cryptocurrency, we will be able to provide the right platform and tools to properly assess and engage in this rapidly evolving area of finance.”
Michael Gan, CEO at KuCoin, commented: “As the People’s Exchange, we are committed to providing secure and reliable trading to retail traders and institutional investors. The Cryptoindex.com team is dedicated to helping traders of all kinds make better investments. We are happy to work with them to reach this goal.”
Cryptoindex.com is the result of a comprehensive analysis of over 1,800 coins subjected to fixed filters. Over 33 Terabytes of data is analysed to extract over 200 factors to create a refined ranking, which is then put into a neural network to create a final rating. Cryptoindex.com is composed of the top 100. Re-evaluation happens monthly; on average, the index changes 12%.
The index aims to improve information access and transparency for investors, particularly since the traditional financial services sector is accustomed to greater disclosure and regulation. Cryptoindex.com goes to the heart of the crypto universe while offering a methodology fully suited to the needs and requirements of heavily regulated asset managers, institutional and professional investors. The CIX100 index has outperformed Bitcoin over the last 30 days.