Home Bitcoin News Bitcoin Kucoin Founders Remark on ETH 2.0 and POS Market

Kucoin Founders Remark on ETH 2.0 and POS Market

  • KuCoin owns its own cryptocurrency known as KuCoin Shares (KCS) which allows its holders crypto-dividends on a day-to-day basis.
  • Johnny Lyu stated that Ethereum 2.0 (ETH 2.0) is likely to exceed the Bitcoin halving as the same as the capability to attract attention to the Staking Industry.

According to recent reports, the platform has gained popularity as the world’s most impressive trading pair selections, accommodating more than 300 trading pairs.

In addition to that, the exchange claims to have the most advanced API on the market. Apart from that, the platform owns its own cryptocurrency known as KuCoin Shares (KCS) which allows its holders crypto-dividends on a day-to-day basis.

The exchange system also allows receiving trade discounts and lower withdrawal fees, as compared to the nominal charges. The holders of the platform are ensured with other benefits such as exclusive promotions, offers, and rewards from their exchange transactions.

The platform employs a “flat” fee model to charge similar fees on the makers and the takers. The mode offers a fee of 0.10%, an aggregate which falls below the global industry average ( which is estimated to be around 0.25 %).

When compared to other platforms, KuCoin provides its holders and users a very low exchange charge, even on its Bitcoin transactions, where the system only charges a fee amounting to 0.0005 BTC for a single BTC. In conclusion, the trading charges of the platform puts the same in a competitively advantageous position in the Crypto market.

Comments on ETH 2.0 and PoS projects

In a recent interview with Meng Xiaoshe, the acting editor of Mars Finance and Economics, and Johnny Lyu, the co-founder of the KuCoin, the entrepreneur commented on his views on ETH 2.0.

He stated that Ethereum 2.0 (ETH 2.0) is likely to exceed the Bitcoin halving as the same as the capability to attract attention to the Staking Industry and would also act as a sufficient booster to enhance the same. He added that Staking would increase the spirit of their ongoing PoS projects.

He opined that the inauspicious liquidity in the Staking Economy is being compensated through the reinstatement of innovative and advanced products. The industry’s first Soft Staking currency-bearing interest-bearing service, a system that worked without the need to lock positions and enhanced free trade and cash flow is one of the best examples of the same.

This service has attracted the attention of 300,000 users, as the same was efficient enough to generate Staking income daily.

As an extension of the above advances, Pool-X’s PoS mining pool, Pool-X, launched the world’s first liquidity trading market, allowing users to trade locked assets, such as TRX tokens participating in hedging, during the end of 2019.

The holders can profit through the system if they can trade in the Pool-X liquidity trading market to exchange back the non-locked TRX tokens and immediately sell them in the spot currency market.

Johnny remarked that the PoS market value has increased by nearly 100 percent, i.e. around 200 Billion Dollars in cash, during the past month. This, he expects, to be a remarkable leap to ensure the prosperity of the market in the coming years.

According to statistical reports, the current mainstream Staking market value of EOS is about 50 billion dollars, followed by ATOM, ALGO, etc. He concluded by stating that if the Staking market can produce the assured yield of 12%, each year will have an increment of 6-8 Billion Dollars, in the region Block rewards distributed to each node.

Download our App for getting faster updates at your fingertips.

en badge web generic.b07819ff

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners

Must Read

Top Banking Regulator describes Benefits of Bitcoin and Cryptocurrency to US Senate

The cryptocurrency has become a famous instrument for sending and accepting installments for merchandise and ventures since exchanges post progressively and give...

Is Monero Entering Into a Potential Consolidation Phase After Retracing From $125?

Monero is unable to revive its positive momentum after a sharp negative divergence from the price level of $125.00The XMR/BTC pair is...

Take Out a Crypto Loan with Bitfinex Borrow

Bitfinex Borrow enables borrowers to use crypto holdings to secure a crypto loan that can be used for trading or be withdrawn...

XRP Bulls Unable to Hold Levels Above $0.260 Signaling for Potential Consolidation

XRP price levels were able to break above the crucial mark of $0.260 on Tuesday's market session as the community had buy-back...

EagleFx Services Review

Headquartered at the Commonwealth of Dominica, Eaglefx was formed in 2019 with a vision to ease trading for its customers and give...

Coinmerce Registered at the Dutch Central Bank

Coinmerce can proudly announce that we have been added to the crypto register of the Dutch central bank on November 9th, 2020. Of...

Related News

3.5 Billion Yen Bitcoin Seized by Dutch Police

Dutch Police have seized 2,500 Bitcoin, which is about 3.5 billion Yen involved in money launderingTwo men and women have been arrested...

UNI Slipping Continuously Making New Lows

UNI stands at $2.38 making new lows of $2.29 over the monthly chart resulting in the formation of a falling channel pattern The...

MIOTA Trading Red Drops -1.95% As BTC Soaks Positive Momentum

The coin trading at the level of $0.2689 with loss of -1.95% forms a rising wedge patternIOTA market capitalization stands at $753,427,676...

Bitcoin Overheating Alert as Investment Strategy Department is Bullish: Bloomberg

Bitcoins are also gaining values because major companies such as Square and MicroStrategy purchased Bitcoins in higher amountsMike McGlone, the investment strategy...

Uniswap Emerges with a Bullish Move After Breaking Below $3.00

The bulls for Uniswap are finally back in the market with a significant positive move upfrontThe digital asset gained positive momentum as...