Today we are glad to tell you about\nthe AMA session with our friends from KuCoin, one of the biggest exchanges\nby trading volume. The AMA took place on November 12, our\nguest was Alicia KuCoin (Senior Partner).<\/p>\n\n\n\n
The total reward pool was 1000$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Hello, Satoshi Club! We are happy to announce our AMA session with\nKucoin! welcome to Satoshi Club. 😀<\/strong><\/p>\n\n\n\n Serg | Satoshi Club: <\/strong>@KucoinAlicia<\/a>, welcome!<\/p>\n\n\n\n Alicia Kucoin: <\/strong>Hello\neveryone! I am Alicia from KuCoin, glad to join you guys today!<\/p>\n\n\n\n Mary |\nSatoshi Club:<\/strong> <\/strong>Alicia,\ncould you please introduce yourself to our users. 😀<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nAnd maybe you can even share with us some news about the campaigns that\u2019s going\non KuCoin right now? 😊<\/p>\n\n\n\n Alicia Kucoin: <\/strong>Haha,\nabsolutely, give me a sec guys. <\/strong><\/p>\n\n\n\n I am Alicia, I am a Senior Partner with KuCoin for more than\n2 years now, my job focus on global marketing and PR. As for KuCoin, it’s\nranking a top 10 exchange across the world with basically all kinds of crypto\nservice: Spot, Futures, Staking, P2P, etc. Our daily trading volume reaches\naround $100,000,000 daily.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Unbelievable numbers.<\/p>\n\n\n\n Alicia Kucoin: <\/strong>Thank\nyou, for more information, I would introduce you to: https:\/\/www.kucoin.com\/news\/en-kucoin-media-kit?lang=en_US<\/a><\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>And what about campaigns, may be you can tell about them more?<\/p>\n\n\n\n Alicia Kucoin: <\/strong>Yes,\nquite a lot of campaigns going on! Let me introduce a little bit.<\/p>\n\n\n\n You can find all the campaign information here: https:\/\/www.kucoin.com\/news\/categories\/promotion<\/a>.\nWelcome to trade on KuCoin guys.<\/p>\n\n\n\n Q1 from Telegram user\n@brodzonl<\/strong><\/p>\n\n\n\n How often KuCoin is\nlisting new coins and how can token developers apply for token listing? Is\nKuCoin charging only exchange fee, is there anything needed to get listed on\nKuCoin except paying for listing fee?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>To\nbe honest, there is no standard pace we list a token. It’s not like we have to\nlist 1-3 tokens within a month. We pay more attention to the potential of a\ntoken, which includes its team, developing plan, application scenarios, etc.\nAfter a strict review process, then we will make our decisions.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>I often see projects announcing a possible listing on Kucoin. How\ndo you feel about that? Do you allow this?<\/p>\n\n\n\n Alicia Kucoin: <\/strong>Haha,\nI would advise our users to pay attention to official announcements. As for the\nfees, as far as I know there is only the listing fees, but I don’t know the\ndetails. If anyone want to apply for listing, please submit from our official\nchannel: https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLSf4tlSwIgZ5-QQJpKoi3-WnmwOVtpxFq4V8vv4CwZccizHuYg\/viewform<\/a><\/p>\n\n\n\n D. | Satoshi Club: <\/strong>Ok,\nif i’m part of anonymous development team and we made crypto project can we get\nlisting on KuCoin without revealing our identities?<\/p>\n\n\n\n Alicia Kucoin: <\/strong>This\nis quite detailed, I would suggest the team to directly contact our listing\nteam. I can give the contact info if anyone needs it. Let the pros do their\njob, haha.<\/p>\n\n\n\n Q2 from Telegram user\n@NataliyaKil<\/strong><\/p>\n\n\n\n Your team is\nsystematically cleaning up the listing and removing any coins that might be\nmalicious. How do you determine that a particular coin can harm your platform?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>There\ncould be many factors we evaluate a token, we have a specific procedure to\nfollow called “ST”. There will be a period for watching before we tag\nthe token as “ST” token, if the situation doesn’t change after the\ntime, then we will decide to delist it. Factors will include like liquidity,\ncooperation, wash trading, market manipulation. \nFor more details\uff0cplease check the specific rules here: https:\/\/support.kucoin.plus\/hc\/en-us\/articles\/360003256193-Special-Treatment-Area<\/a>\nST stands for special treatment.<\/p>\n\n\n\n D. | Satoshi Club:<\/strong>\nthank you for answer Alicia! do you have information about how many coins\/tokens\nbeen delisted for the past year?<\/p>\n\n\n\n Alicia Kucoin:<\/strong> Not\nexactly sure, around 20 I guess.<\/p>\n\n\n\n Mary |\nSatoshi Club:<\/strong> But ST status doesn’t mean that coin will be delisted,\nright? I know, people often manipulate with this.<\/p>\n\n\n\n Alicia Kucoin: <\/strong>There\nwill be an observation time before we finally decide to delist it.<\/p>\n\n\n\n Q3 from Telegram\n@borysfireball<\/strong><\/p>\n\n\n\n Recently you released\nKucoin mobile web version, could you tell us more about its advantages? And\nalso about its security, as i was always afraid to trade from my mobile. What\nshould i do to be sure that my account is safe?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>Impressive\nto the person who raised this question, you must be a real KuCoiner, haha, we\ncall it the M-site.<\/p>\n\n\n\n The reason why we launch this function is to deal with the\nAPP issue. For one thing, you don’t need to download an APP, which can often\nfail to Apple users because of Signature issue. With these 2 sites: https:\/\/m.kucoin.cc<\/a>, https:\/\/m.kucoin.com<\/a>,\nyou will be able to add M-site to your cellphone, it’s much more convenient.<\/p>\n\n\n\n The biggest advantage of M-site is it’s really simple and\nconvenient for users, I personally would recommend it to mobile users.<\/p>\n\n\n\n Q4 from Telegram user\n@jobel4<\/strong><\/p>\n\n\n\n As a Kucoin user,\nthere are some features in your App that not so clear to me like Kratos Voting.\nCan you explain more about this feature in your platform? How to participate in\nKratos Voting? Who can participate this Voting? What is the purpose of this\nfeature and what is the benefit that it will give towards your users? Thank you.<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>First\nof all, I would like to introduce a little bit about Kratos. It’s the testnet\nwe have in plan for KuChain in the future. If you heard about KSM and DOT, you\nwill understand better, KSM is also the testnet for DOT. In the future, Kratos\nand KuChain will be two parallel public chains. Both of them will focus on the\nfinancial sector and provide a more stable underlying technology environment\nfor decentralized applications such as DeFi and DEX.<\/p>\n\n\n\n Kratos is co-ordinal with KuChain in concept, architecture\nand resource. After KuChain is officially launched, Kratos will still operate\nnormally. So what about this vote? Let me explain.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>Does it mean that you will have your own DEX and DeFi 😉 and if\nyes, can you tell when you plan to launch it?<\/p>\n\n\n\n Alicia Kucoin: <\/strong>After\nwe launch the KuChain official, our DEX called KuDEX will be launched as well. Now\nI will introduce about the voting.<\/p>\n\n\n\n To be eligible for the voting, a customer needs to hold KTSt\nfor which the distribution has ended on Sep 25th of the Genesis Token activity.\nSo you need to hold KTSt to vote.<\/p>\n\n\n\n And what does this voting do? As you may know Kratos\ngovernance activities include on-chain proposals, voting, and verification.\nThrough the above activities, everyone can obtain the benefits brought by the\nPoS consensus mechanism. So voting is part of the governance on the Kratos\nchain. Users who hold KTSt can participate in the voting through the Pool-X\nplatform. After voting, you can get KTSt rewards.<\/p>\n\n\n\n Q5 from Telegram\n@PaoloMonte87<\/strong><\/p>\n\n\n\n Recently Kucoin\nlaunched an interesting \u201c3-promotional-offers\u201d package: a 10% off trading fees\nfor 10 days for anyone new to Kucoin; a 100$ futures giveaway to people who are\ntrading on futures (by achieving a certain threshold); and a free airdrops of\ntokens based on trading volume.<\/em><\/p>\n\n\n\n Since almost all of\nthe three promotions are based on the activity\/volume generated, are these\noffers also valid if users utilize the KuCoin trading bot developed by 3Commas?\nOr is \u201cmanual\u201d trading activity a mandatory requirement to participate &\nwin in these promotions?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>So\nfirst of all, we won’t limit the usage of trading bot. Users can use the\ntrading bot for all products on KuCoin. But for all the campaigns, we adopt a\nmechanism to avoid malicious activities, such as wash trading, multilple\naccounts, fake IPs. If it’s normal trading for KuCoin products, then it’s fine.\nIt doesn’t have to be manual operation, so don’t worry.<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>And if i trade manually do i have any chances to win in\ncompetition?<\/p>\n\n\n\n Alicia Kucoin: <\/strong>Yes,\nI mean for the trading volume, it’s not just about the speed, frequencies,\norder amount also counts, it’s weighs more.<\/p>\n\n\n\n Q6 from Telegram @alice_wonderland12<\/strong><\/p>\n\n\n\n I know this is a sour\nquestion but I want to talk about the hacking attack that Kucoin suffered weeks\nago. How has the platform overcome it, how is your security system stronger\nnow? How has been building back trust in the community?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>It’s\nbeen quite long 46 days roughly for us all, allow me to express our gratitude\nfirst to all the KuCoin supporters. Thanks for your understanding and patience.<\/p>\n\n\n\n Just newest update today, we have resumed 185 tokens already\nand recovered 84% of all lost tokens and thing are going pretty well. We are\nconfident to recover all tokens and resume full service before Nov. 22. Here I\nwould like to share a post from our CEO Johnny: @lyu_johnny https:\/\/twitter.com\/lyu_johnny\/status\/1326465021346373632<\/a>\n<\/p>\n\n\n\n We have received tremendous support from the commmunity and\nwe have never seen such united action from all the projects and our staff. For\nthat, we are so grateful!<\/p>\n\n\n\n Mary |\nSatoshi Club: <\/strong>How did you recover some tokens, which were taken away by hacker?\nIs it even possible?<\/p>\n\n\n\n Alicia Kucoin: <\/strong>Right,\nit’s like a first time for such accident. We have adopted multiple tactics,\nincluding but not limited to on-chain tracking, contract upgrades and judicial\nrecovery, and so on. And once the case is closed, we will disclose full details\nto public.<\/p>\n\n\n\n PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n The\nchat was open for 80 seconds; a lot of questions were posted by Satoshi Club\ncommunity. Our guest chose some of them. <\/p>\n\n\n\n Q1 from Telegram User @HeRmAwAnTrAdEr<\/strong><\/p>\n\n\n\n What’s so special about KuCoin that\nmakes it better than its competitors?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>We have developed into a diversified cryptocurrency\nfinancial services platform. For Spot, Margin, Futures, Staking and other\nproducts, we have some competitive advantages.<\/p>\n\n\n\n Spot trading:<\/em> KuCoin currently supports over 200 tokens, and the\nliquidity is pretty good on KuCoin as well.<\/p>\n\n\n\n Margin trading:<\/em> Margin trading supports most mainstream cryptos\nsuch as BTC, ETH and KCS with up to 10x leverage. Importantly, KuCoin supports\nthe L3 mechanism. The L3 mechanism is unique in the industry<\/p>\n\n\n\n Futures:<\/em> we introduced the world’s first Lite Version futures\nplatform, where it only takes 30 seconds to register and 1 minute to learn how\nto trade futures, making each trade easier.<\/p>\n\n\n\n Pool-X exchange pioneered a free\nmarket that solves the liquidity problem of staked crypto.<\/em><\/p>\n\n\n\n Q2 from Telegram User @Giniwhite<\/strong><\/p>\n\n\n\n All projects were\nalerted in terms of security since the Kucoin situation. How does Kucoin plan\nto reposition itself in the market and regain the trust of those affected users?<\/em><\/strong><\/p>\n\n\n\n Alicia Kucoin: <\/strong>We have learned our lessons from this incident, and\nlaunched our \u201cSafeguard Program\u201d. Up until now, we have been supported by 5\nglobal security institutions and more than 37 projects. <\/p>\n\n\n\n We will keep being transparent to\nall users regarding the progress of this incident and keep updating our\nproducts in the following days. What doesn’t kill you makes you stronger. This\nis how we grow from many crises, and become who we are today, a strong global\ndecentralized community.<\/p>\n\n\n\n Q3 from Telegram User @victbt<\/strong><\/p>\n\n\n\n What are the benefits of holding the\nKCS on Kucoin?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>If\nyou hold over 6 KCS and you can get KCS bonus. KCS holders can also participate\nin Spotlight and community voting. In\naddition, KCS is the backbone of all our services, which means as the\ndevelopment of all these services continues, the intrinsic value of KCS will\nimprove as well, benefiting all KCS holders.<\/p>\n\n\n\n Q4 from Telegram User @shair29<\/strong><\/p>\n\n\n\n What is Pool-X? How its work? <\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>Pool-X\nis a staking platform (www.pool-x.io) that pioneered a free market that solves\nthe liquidity problem of staked crypto. In the liquidity trading market, users\ncan trade staked assets and enjoy a higher level of liquidity, so as to avoid\nthe risk or loss caused by price. for more info you can refer https:\/\/medium.com\/kucoinexchange\/introducing-pool-x-the-next-generation-pos-mining-pool-by-kucoin-e8dcff0a119e<\/a><\/strong><\/p>\n\n\n\n Q5 from Telegram User @CryptoZaratustra<\/strong><\/p>\n\n\n\n Do you think new DEX protocols like\nUniswap and Balancer can completely replace the traditional exchange ordering model?\nDo you think CEX and Kucoin services will be in demand for a long time?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>As\na believer in blockchain, I am pretty in favor of decentralization and our team\nmembers in KuCoin share the same values for decentralization. While I do not\nthink the relationship between decentralization and centralization will be like\none replaces another completely. They both have their advantages and meet the\nneeds of certain target groups. Just like the discussion between CEX and DEX.\nWill more people trade on DEX in the future, yes absolutely, but does that mean\nCEX will disappear? Not really.<\/strong><\/p>\n\n\n\n Q6 from Telegram User @beanq10<\/strong><\/p>\n\n\n\n Will Kucoin’s market fluctuate when\nBiden becomes US president? Do you think it is good or bad?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>According\nto data from Watkins, Bitcoin prices have sharply risen after the previous two\nUS elections.<\/p>\n\n\n\n During this period of the 2020 elections, Bitcoin has also\nrecorded new high times multiple times, again confirming that there may be a\nconnection between Bitcoin\u2019s price and the US election. However, due to the\nuncertainty in the US elections, the situation has become even more muddled.\nWhether this will reduce confidence in the Bitcoin bulls, we need to wait for\nlater verification.<\/p>\n\n\n\n Q7 from Telegram User @CryptoDurden<\/strong><\/p>\n\n\n\n Yield farming and DEFI projects are\nthe trend of 2020. How is Kucoin involved in the development of the DEFI space\nand what innovations has Kucoin brought to Yield farming?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>In\nthis rapidly changing industry, KuCoin has always been keeping a close eye on\nthe new market trend, and KuCoin always reacts quickly to this. With the\nincreasing focus on DeFi, KuCoin is happy to support more DeFi projects. To\ndiscover more hidden gems in the DeFi field, we launched the KuCoin Choice\nCommunity Vote DeFi Session.<\/p>\n\n\n\n We also\nlaunched DeFi Trading Board to help user easily invest DeFi projets. We are\ndeveloping KuChian which will focus on the financial sector and provide a more\nstable underlying technology environment for decentralized applications such as\nDeFi and DEX.<\/p>\n\n\n\n Q8 from Telegram User @angelrose5<\/strong><\/p>\n\n\n\n Now kucoin safe for every one?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>Yes,\nKuCoin is now 100% safe for everyone and we expect to resume all services\nbefore Nov.22. After our internal review and wallet maintenance, we have\ndeployed new security measures and updated our hot wallet, make sure such\nincident won’t happen again. Plus, with our Safeguard Program launched, we are\nvery confident to defend any kind of attack.<\/strong><\/p>\n\n\n\n Q9 from Telegram User @polwak<\/strong><\/p>\n\n\n\n Kucoin recently partnered with one of\nthe NFT developers… what do you think about the development of the NFT and\nwhether in the future kucoin will present an NFT exchange like opensea?<\/em><\/p>\n\n\n\n Alicia Kucoin: <\/strong>We\nare payting close attention to the development of NFT. We have launched the NFT\nTrading Board to facilitate users to better participate in the investment of\nNFT. We donated 100,000 KCS to Dego.Finance to help its development. The NFT\nexchange as you mentioned we have some plan, please stay tuned!<\/strong><\/p>\n\n\n\n Q10 from Telegram User @Brainchest<\/strong><\/p>\n\n\n\n What new projects will be in\nspotlight?<\/strong><\/p>\n\n\n\n Alicia Kucoin: <\/strong>In\ndefining the Spotlight, we are more prone to the quality than numbers\/quantity.\nThe launching of Spotlight is initially envisioned to assist and propel the\nprojects into the market by deploying an insight on aspects of technology and\nhigh potentiality. To be honest, it\u2019s not an easy job to locate the most\nappropriate project in a limited period by applying the criteria that fits in\nand meet the conditions. We got some of them on our list, but it takes time to\ndo the due diligence, stay tuned with us!<\/p>\n\n\n\n PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n As usual, for the third part, Satoshi\nClub Team asked the chat 4 questions about KuCoin. A link to a\nQuiz form were sent into the chat. Participants had 10 minutes to answer. 800$\nwere distributed between the winners. <\/p>\n\n\n\n For more information and future AMAs, join our Social Media\nchannels: <\/strong><\/p>\n\n\n\n English Telegram\ngroup: https:\/\/t.me\/Satoshi_club<\/a>\n<\/p>\n\n\n\n Russian Telegram\ngroup: https:\/\/t.me\/satoshi_club_ru<\/a>\n<\/p>\n\n\n\n Spanish Telegram\ngroup: https:\/\/t.me\/satoshi_club_spanish<\/a>\n<\/p>\n\n\n\n Telegram Channel:\nhttps:\/\/t.me\/satoshi_club_channel<\/a>\n<\/p>\n\n\n\n Website: https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n Twitter:\nhttps:\/\/twitter.com\/esatoshiclub<\/a> <\/p>\n\n\n\n
\n\n\n\n
\n\n\n\n