Difference between revisions of "KuCoin (KCS)"

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==Audits & Exploits ==
==Audits & Exploits ==
*[[Bug bounty]] program can be found [insert here].
*[[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 ===
=== 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).
*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).
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* Full team can be found [here].
* Full team can be found [here].
=== Funding ===
=== Funding ===
* [https://www.theblockcrypto.com/linked/146001/crypto-exchange-kucoin-reaches-decacorn-status-in-latest-funding-round?utm_source=twitter&utm_medium=social From] [[The Block]] (10-5-2022):
* [[Coinweb]]; this fund is mentioned under the 'partner' [https://coinweb.io/ page] (17-8-2023).
*TON; KuCoin Ventures is [https://society.ton.org/#fund-your-project part of] a $250M fund for [[The Open Network (TON)|TON]].
*VERSE; KuCoin Ventures has t[https://news.bitcoin.com/bitcoin%E2%80%A4com-completes-verse-50m-token-sale-launches-token-on-verse-dex/ aken part in] the $50M raise of VERSE, from [[Bitcoin.com]] (5-12-2022).
*[https://www.theblockcrypto.com/linked/146001/crypto-exchange-kucoin-reaches-decacorn-status-in-latest-funding-round?utm_source=twitter&utm_medium=social From] [[The Block]] (10-5-2022):
''"KuCoin's valuation has hit $10 billion following a $150 million funding round led by [[Jump Trading|Jump Crypto]]. The raise was its first in four years and was also supported by [[Circle|Circle Ventures]], [[IDG Capital]] and Matrix Partners, the firm said in a [https://www.kucoin.com/blog/kucoin-raises-$150-million-at-$10-billion-valuation-to-pioneer-exploration-in-web-3.0 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."''
''"KuCoin's valuation has hit $10 billion following a $150 million funding round led by [[Jump Trading|Jump Crypto]]. The raise was its first in four years and was also supported by [[Circle|Circle Ventures]], [[IDG Capital]] and Matrix Partners, the firm said in a [https://www.kucoin.com/blog/kucoin-raises-$150-million-at-$10-billion-valuation-to-pioneer-exploration-in-web-3.0 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 [https://www.ngc.fund/hb.php had] investment and possible contributions from [[NEO Global Capital]]
*Has [https://www.ngc.fund/hb.php had] investment and possible contributions from [[NEO Global Capital]]

Latest revision as of 09:15, 17 August 2023

KuCoin
TypeProfit-sharing exchange fees
Total supply181.043.076

Exchange

Basics

  • Founded in:
  • Mainnet release:
  • Based in:

History

Audits & Exploits

"⌛️ 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

  • 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

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

"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."

Partners 

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