KuCoin, the fast-developing Singaporean crypto exchange, is yet again hitting the headlines. The platform is rolling out a new reward program whereby, holders of ATOM, EOS, TRX and IOST tokens earn free rewards daily.

ATOM Soft Staking Official Rules – Cash Back Investment Program for Cosmos (ATOM) Holding To maximize the benefits for users holding Cosmos (ATOM) on the platform, KuCoin has launched the ATOM Soft Staking Program. Read the official rules on:https://t.co/LHKAivJ3mM@cosmos pic.twitter.com/pYhexT3wUj — KuCoin Updates (@KuCoinUpdates) July 1, 2019

Dubbed ‘Soft Staking Program,’ it will seek to celebrate holders of the four recently added cryptocurrencies; Cosmos, EOS, Tron and Internet of Services. The scheme, however, is slated to start on July 4th, according to a tweet from the exchange.

The tweet, posted via @KuCoinUpdates on July 1st, explained that the purpose of the program would be to allow users on the platform to “maximize the benefits.” The Soft Staking Program, however, isn’t without rules to be adhered to by all participants.

One of the requirements, as elucidated on the ‘ATOM Soft Staking Official Rules,’ is that KuCoin would adjust the staking ratio according to the participant’s withdrawal record and total tokens every day. But traders will only earn a reward upon amassing ATOM revenue equivalent to above 0.000001.

Further, rewards issued will be according to the amount in crypto an investor holds in their exchange’s accounts. Participation will be voluntary, although any delays in withdrawing one’s earnings, however, should be expected. If you are a KuCoin user and would like to be part of this program, be sure to go through the rules beforehand.

Meanwhile, KuCoin is launching the rewards scheme just days after revealing that it was planning to repurchase KuCoin Shares and burn them. The temporary KuCoin Shares (KCS) buyback would be happening during the third quarter of the year.