Bitcoin
$64,314.86+1.50%
Ethereum
$3,077.54+0.53%
Binance Coin
$559.13+1.55%
Solana
$146.66+5.46%
XRP
$0.50321269+0.60%
Toncoin
$6.32+0.66%
Dogecoin
$0.15189423+1.09%
Cardano
$0.47052364+3.84%
Shiba Inu
$0.00002277-0.13%
Avalanche
$35.20+0.74%
Wrapped Bitcoin
$64,289.02+1.29%
Tron
$0.11049486+1.12%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
03
HR
48
MIN
19
SEC
Finance

KuCoin Community Chain Launches $50M Accelerator to Nurture Ecosystem Projects

The program will finance initiatives such as a developers bounty, hackathons, incubation funds, liquidity support and listing recommendations.

By Jamie Crawley
AccessTimeIconFeb 25, 2022 at 1:56 p.m. UTC
Updated May 11, 2023 at 6:00 p.m. UTC
(Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The KuCoin Community Chain (KCC) has unveiled a $50 million accelerator program aimed at empowering projects in its ecosystem.

  • The program will finance initiatives such as a developers bounty, hackathons, incubation funds, liquidity support and listing recommendations, KCC announced Friday.
  • The KCC is a public chain project built by developers in the crypto exchange KuCoin community.
  • KuCoin's native token KCS is Ethereum-based and is one of many aimed at solving the problem of high gas fees (transaction fees) on the network. Holders of KCS (which stands for KuCoin Shares) receive a daily share of transaction fees accrued by the KuCoin blockchain asset exchange proportionate to the amount of tokens they hold.
  • The Singapore-based crypto exchange reached 10 million users in December, and records daily transaction volume of over $3 billion according to data by CoinGecko.
VolumeMuteUnmute

Wormhole’s W Token Has a 999% Weekly Return; Why VanEck Is Bullish on Ethereum Layer 2s

  • Bringing Real World Assets on Chain Makes Them 'More Productive,' Securitize CEO Says
    00:57
    Bringing Real World Assets on Chain Makes Them 'More Productive,' Securitize CEO Says
  • BlackRock Joins Asset Tokenization Race; North Korea Hackers Stole $3B in Crypto Since 2017
    02:07
    BlackRock Joins Asset Tokenization Race; North Korea Hackers Stole $3B in Crypto Since 2017
  • What Does State Inquiry Mean for Ethereum?
    05:25
    What Does State Inquiry Mean for Ethereum?
  • Solana Passes Ethereum on DEX Volume
    01:15
    Solana Passes Ethereum on DEX Volume

    • Read more: The Graph Backers Launch $205M Ecosystem Fund to Provide Grants to Dapp Builders

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.