The KuCoin USDC price, based on the Ethereum blockchain and directly pegged to the USD, prevents price volatility. The platform will use a proof-of-stake mechanism to govern their token, and all users will receive rewards for holding KuCoin Shares (KCS) in their account. This will create a crypto pyramid effect, where new users to the platform can obtain higher profit rewards through KCS holdings in their KuCoin Exchange accounts.
XLM and USDC Price Increase: Crypto Airdrop From KuCoin
Three days ago, on the 21st of January, Stellar’s XLM and USD Coin’s USDC prices were listed on KuCoin, the world’s most popular cryptocurrency exchange. In addition to the fact that both coins can now be bought and sold for real money, each coin has also received an interesting benefit from being listed on KuCoin. Both coins are eligible to receive airdrops (big or small) whenever new ICO tokens are listed on KuCoin or when existing tokens get airdropped. Heavenly Lumens (XLM) is the local token inside the Stellar network. Also known as Lumens, XLM tokens make it workable for Stellar’s clients to send and get cash across the world quicker than customary government-issued types of money.
What is a crypto airdrop?
In the cryptocurrency world, an airdrop is when a blockchain project distributes free tokens or coins to the wallets of its community members. Airdrops are a great way to build an initial following for a new project and reward loyal holders of a particular coin. It recently announced that it would give away its users $125 million worth of Stellar Lumens (XLM) and USD Coin (USDC).
What are the benefits of crypto airdrops?
When a project launches an airdrop, they’re giving away free tokens to people interested in their project. The hope is that by doing this, they’ll create a larger community of users and supporters for their project. In addition, airdrops can also be used as a marketing tool to generate buzz around a new project.
How can I get started with trading on an exchange?
You’ll need to create an account and deposit some funds to start trading on an exchange. You can start placing orders Once your account is funded. Some exchanges offer a demo account that you can use to practice trading before putting real money at risk.
Knowing more about Cryptocurrency Airdrops
The airdrop is a limited-time movement ordinarily performed by blockchain-based new businesses to assist with bootstrapping a virtual cash project. Its point is to spread care about the computerized cash project and to get more people trading it when it records on an exchange as a basic coin offering (ICO).
Airdrops are overall high on the association’s site and advanced cash social affairs. The coins or tokens are sent exclusively to current holders of crypto wallets, typically those of bitcoin or Ethereum.
Conclusion
KuCoin traders can trade XRM/BTC and XRM/ETH upon listing. This means that you can get your hands on some XRM in exchange for your ETH or BTC KuCoin is viewed as one of the most famous cryptographic money trades, and it is a basic and safe stage on the planet.
