As we begin the month of September, and continue to move into the second half of the year, this week’s choices are set to benefit from significant developments and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.

1. Kucoin Shares (KCS)

Kucoin is one of the sector’s most well known exchanges, showing impressive growth over a short time period. Based in Hong Kong, Kucoin gives its users access to a range of up and coming projects as well as more established coins. The exchange also hosts Initial Coin Offerings (IEOs) and operates its own currency known as Kucoin Shares (KCS) which operates as a standard ERC-20 token based on the Ethereum blockchain. Holding the KCS token allows platform users to experience a number of benefits including a discount on trading fees, and access to any Kucoin IEOs.

Why Kucoin Shares?

The team have announced that have extended the lock-up period for tokens held by both founders and angel round investors. The tokens are scheduled to stay locked up until September 2, 2020, and the decision follows a similar announcement made last year. The original KuCoin white paper states that 100 million KCS are held by angel investors and exchange founders and were originally planned to be unlocked on September 3, 2018. The decision should be well received by all KCS holders, and help the token to retain its value.

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2. Wanchain (WAN)

Wanchain aims to unite the world’s digital assets and transform the digital economy, and plans to connect the various coins, tokens, and blockchains that make up the current ecosystem. Wanchain also aims to be a bank of the future and provide lending, payment, settlement, transaction, investment and financing solutions.

Why Wanchain?

The team have announced that their Proof of Stake (PoS) consensus mechanism has been enabled and is scheduled to officially launch on September 3. From this date onwards, all validation and staking rewards become active, however, anyone who has not already staked their WAN will not be eligible for the first round of staking rewards. Staking will remain open on an ongoing basis after launch allowing anyone to stake their tokens and earn rewards.

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3. Nebulas (NAS)

Nebulas is a decentralized platform designed to facilitate the searching all blockchains. The NAS token provides incentives for PoD bookkeepers, and the team aim to also provide cross-chain search capabilities, and build an ecosystem that accurately reports the blockchain economy, and contains data analysis for market forecasting, and on-chain data monitoring and analysis for on-chain interactive marketing.

Why Nebulas?

The team have announced that the nextDAO will launch the NAX Flash token issuance campaign on September 3, 2019 at 13:00 (UTC+8, Beijing time). The NAX token is generated via the project’s dStaking method and 3,000,000 NAX are set to be distributed to the greater community of NAS holders. In order to participate, it’s necessary to deposit NAS tokens to a smart contract and the team have set a soft limit of 20,000 NAS deposits, and the full details of the program can be found here.

Buy/Sell Nebulas (NAS)

How did the coins perform last week?

The seven day period led to poor results across the market and last week's coins to watch were no exception. ICX fell by 14% in value and is currently trading at around $0.20. WAX fell by around 23% in value, and is currently trading at $0.04 and AE declined by around 17% in value and is currently trading at $0.20. Over the course of the week, the market moved from $264B to $249B.