Spotlight on Kucoin

KuCoin’s mission of spotting and nurturing innovative blockchain projects received a major boost after the crypto exchange announced the launch of Spotlight. Dubbed as “The Peoples Exchange”, KuCoin Spotlight presents blockchain users with a platform where they can raise necessary funds, grab the crypto market’s attention, and further their goals and ambitions.

Spotlight is set to launch on 3rd April 2019, hosting MultiVAC as their first crypto token sale project. But there are still questions that both blockchain project developers and crypto investors want answered about its impact on the industry. For instance, how does either get to participate in the KuCoin initial exchange offering? Was the platform really necessary? And how does KuCoin plan to use it in revitalizing the blockchain and crypto trading scenes?

Here are some of the answers.

The need for the Spotlight platform

Initial Coin Offerings (ICO), though they are still relevant, have lost momentum. They aren’t as impactful as they used to be. KuCoin observes that market volatility, a surge in popularity for different coin exchange platforms, and emphasis on specific cryptocurrency pioneers have taken the attention off ICOs. These and the fact that lack or poor regulation has created room for false crypto scams that often drown with millions of investor funds and no way of tracing them.

But KuCoin exchange developers believe there is still a large resource of blockchain potential waiting to be tapped. And just as the name suggests the KuCoin Spotlight is specifically designed to identify blockchain projects with the biggest potential and bring them to the spotlight. This, the crypto exchanger believes, grants the projects a chance to raise enough capital on the crypto markets and, more importantly, the investor’s attention that has for longest time been a preserve of the pioneer digital currencies like Bitcoin and ETH.

Making it to the spotlight and impact on blockchain project

KuCoin developers understand all too well that lack of proper controls in the issuance of initial coin offerings was the industry’s biggest undoing. And that the same can easily happen within its Spotlight platform if they commit similar mistakes. It also understands that false cryptos are just the tip of the spear as the industry experts continue to unearth more underhand dealings rocking the markets, like transaction volume data manipulations.

The crypto-exchanger has, therefore, come up with stringent regulatory screening policies for blockchain projects seeking to make to their Spotlight platform. This involves handpicking promising brands that wish to host a token sale and vetting them alongside their developers extensively and continually monitoring their activities as long as they remain active on the Spotlight.

Screening guarantees that only trustworthy and viable projects make to the Spotlight. Projects that make it to the platform can then bank on the trustworthiness and goodwill that KuCoin has created since establishment to attract investors in droves with minimal persuasion.

Participation process for tokens

KuCoin exchange administrators reserve the right to admission and expulsion of crypto coins from their Spotlight platform. Screening is, therefore, largely internal and the procedures vary from one potential blockchain to another. But they all share some basic initial exchange offering ground rules.

For instance, they will be issued out using the KuCoin Shares (KCS). They also will be availed to KuCoin platform members on a first come first serve basis. And more importantly, they will have a minimum and maximum investment amount per account holder. The price of the token, in terms of KCS, will be announced on the day of Token sale.

Participation for traders

The process of participating in the Spotlight token sale for listed blockchain project for traders, on the other hand, is relatively straightforward. Investors start by creating a KuCoin account that they will use to access the Spotlight platform. Account creation here implies that you come from an eligible country — KuCoin doesn’t support all countries — and have undergone identity verification. More importantly, you need to sign the purchase agreement and have adequate KCS in your trading account.

MTV

About MultiVAC - the first blockchain project on Spotlight

MultiVAC is a technology company that is well on its way into developing a fully sharded blockchain. According to their white paper, they hope to create a fast and quick system to be used in computerization and data sharing and transmission. The developers already organized the first round of funding and raised $15 million, a bulk of which came from such strategic investors as Hashed, ICODrops, Signum, and Dfund.

They are back to the market looking for further investments only that they have the confidence and backing of KuCoin and its Spotlight launch platform. Their upcoming token sale hopes to raise 10,000,000,000 MultiVAC (MTV) tokens with Spotlight helping raise 600,000,000 of this. The sale kicks off on 3rd April 2019, 22.00 UTC+8. Price of the token will be made public on the day and investors will require a minimum of $180 and a maximum $3600 to buy MTV.

What makes KuCoin Unique?

But if KuCoin’s Spotlight wouldn’t be the first and token offering platform to come up, why would an investor or blockchain developer consider it and not its competitors?

Handpicked investment projects: According to KuCoin developers, the main difference between them and their developers lies in their blockchain project selection. Here, these projects will be selected by an experienced and expert team of blockchain industry operatives who vet the coins, their brands, and developers and only settling with the best fit. KuCoin clients have entrusted them with their investments and they hope they can trust them into helping them make informed investment decisions.

According to KuCoin developers, the main difference between them and their developers lies in their blockchain project selection. Here, these projects will be selected by an experienced and expert team of blockchain industry operatives who vet the coins, their brands, and developers and only settling with the best fit. KuCoin clients have entrusted them with their investments and they hope they can trust them into helping them make informed investment decisions. Going beyond arbitrage and speculation: When developing Spotlight and giving it a vision, KuCoin administrators were alive to the speculation and price hikes that new token sale platforms bring about. But their platform is about more than just about raising speculation and traffic that creates short term hype and marginal profits. These coins aren’t just being launched on Spotlight but also listed on KuCoin’s trading platform. This then implies that KuCoin is only looking to add coins that offer real solutions and a possibility of long term and sustainable development.

KuCoin Spotlight’s significance to the market

KuCoin hopes to transform the crypto-coin listing and exchange market by ushering a new era of trust, sustainability, trust, and security. And, according to the site administrators, it starts with introducing the spotlight that they consider the most comprehensive and advanced exchange trading system.

They have especially come up with an innovative technology that allows for the execution of numerous non-destructive deployments. And more importantly, R&D technology that helps their system maintain a steady level of change as witnessed in the market.

When it comes to security, Michael Gan, the crypto exchange site CEO,is tasked with the responsibility of keeping the system secure. He has put in place such security measures as CloudFlare firewalls and external AMS that are backed by an intrusion detection firewall developed internally using deep learning AI.

Ideally, Spotlight seeks to introduce the concept of trustworthiness to the highly unregulated and volatile market. The extensive background check of the different coins before their IEO launch instills investor confidence in the process while the security and reliability of KuCoin seal the revolution by gaining their trust.

More factors that make KuCoin and its Spotlight platform unique?

Regulation: In an industry that lacks proper regulation, KuCoin leads that pack in having established an internal corporate governance system that oversees the exchange site’s affairs. According to the site, they have attracted the investments of professional institutions like IDG and Matrix. And maintaining this relationship requires that the exchange operates within specific guidelines and audits its finances and operations regularly.

In an industry that lacks proper regulation, KuCoin leads that pack in having established an internal corporate governance system that oversees the exchange site’s affairs. According to the site, they have attracted the investments of professional institutions like IDG and Matrix. And maintaining this relationship requires that the exchange operates within specific guidelines and audits its finances and operations regularly. Platform 2.0: In 2018, at the height of exploitation of different crypto exchange vulnerabilities by hackers, KuCoin embarked on an ambitious rebirth process that saw it come up with KuCoin 2.0. The new platform, on which Spotlight launches, observes unique operational and security features. These include accelerated adaptation to industry dynamics. It also covers the introduction of such upbeat security features that use Google verification codes, fingerprint devices, trading password, and three-factor authentication that involves SMS to keep the site and its client’s assets secure.

Bottom line

The advancement and sustainability of the crypto age rely heavily on the introduction of even more blockchain projects to the global industry. But the ineffectiveness and the many other challenges rocking the ICOs have made them an unreliable tool for advancing the crypto age. KuCoin and it’s Initial Exchange Offering platform, Spotlight, hope to offer a solution to this and rekindle the world’s hope in the age cryptocurrencies. Its primary impacts on the crypto industry will, therefore, revolve around reviving investor confidence in new token sales and offering a solid trading platform for the new releases.

Disclaimer: information provided by @cryptomedics does not constitute as investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the website’s content as such. Do conduct your own due diligence and always do your own research before investing. If you like our content, show us some love, upvote, share it and join our Telegram Discussion or the Main CryptoMedics Channel.