Difference between revisions of "KuCoin (KCS)"

KuCoin
Type	Profit-sharing exchange fees
Total supply	181.043.076

Revision as of 04:20, 8 December 2022

Exchange

Basics

Founded in:
Mainnet release:
Based in:

History

Audits & Exploits

Bug bounty program can be found [insert here].
SafeCEX scored it 37% (8-12-2022):

"⌛️ 27 days since Proof of Reserves

📎 Announcement

🔎 Assets included: BTC ETH USDT USDC KCS

❌ Merkle tree not available or not verifiable online

❌ Merkle tree not open sourced

✅ Wallet addresses made public

❌ Wallet ownership not audited by third-party

✅ Wallet ownership proven publicly by custom message"

Bugs/Exploits

Had a huge hack of $200M which showed that there are plenty of projects that are centralized. Tether froze $33M, Ocean Protocol froze 21M tokens, and OMNI and TRON were also frozen (28-9-2020).

KuCoin has managed to retrieve 84% of funds stolen in a September hack (11-11-2020).

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token allocation

Utility

Token Details

Has what are called KuCoin Shares (KCS)

Stablecoin

Technology

Whitepaper can be found [insert here].
Code can be viewed [insert here].
Built on:
Programming language used:

Transaction Details

Capacity (TPS):
Latency:

How it works

Fees

Upgrades

Staking

Liquidity Mining

Scaling

Different Implementations

Interoperability

Other Details

Oracle Method

Their Other Projects

Roadmap

Can be found [Insert link here].

Usage

According to CoinMarketCap, KuCoin is the fifth largest crypto exchange. It has 18 million users in 207 countries (10-5-2022).

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

Full team can be found [here].

Funding

From The Block (10-5-2022):

"KuCoin's valuation has hit $10 billion following a $150 million funding round led by Jump Crypto. The raise was its first in four years and was also supported by Circle Ventures, IDG Capital and Matrix Partners, the firm said in a release on Tuesday. In April, its venture capital arm set out its stall with the launch of a $100 million “Creators Fund.” The latest round follows its series A in November 2018, when it raised $20 million at a $100 million valuation."

Has had investment and possible contributions from NEO Global Capital

Partners

@@ Line 8: / Line 8: @@
 ==Audits & Exploits ==
 *[[Bug bounty]] program can be found [insert here].
+*[[SafeCEX]] [https://www.safecex.club/ scored] it 37% (8-12-2022):
+''"⌛️ 27 days since Proof of Reserves''
+''📎 [https://www.kucoin.com/blog/transparency-and-trust-a-detailed-list-of-kucoin-s-wallets Announcement]''
+''🔎 Assets included: [[Bitcoin (BTC)|BTC]] [[Ethereum (ETH)|ETH]] [[Tether (USDT)|USDT]] [[US Dollar Coin (USDC)|USDC]] KCS''
+''❌ [[Merkle Tree|Merkle tree]] not available or not verifiable online''
+''❌ Merkle tree not [[Open Source|open sourced]]''
+''✅ [[Wallet]] [[Address|addresses]] made public''
+''❌ Wallet ownership not audited by third-party''
+''✅ Wallet ownership proven publicly by custom message"''
 === Bugs/Exploits ===
 *Had a [https://cointelegraph.com/news/freeze-pause-reboot-projects-react-differently-to-200m-kucoin-hack huge hack] of $200M which showed that there are plenty of projects that are [[centralized]]. [[Tether]] froze $33M, [[Ocean Protocol]] froze 21M [[tokens]], and [[Omni (OMNI)|OMNI]] and [[TRON]] were also frozen (28-9-2020).