KuCoin Cryptocurrency Exchange announced on Tuesday the launch of a new program called "KuCoin Selection" aimed at "meeting community requirements for projects and expanding the project ecosystem".
As the first participant of the program, we chose our own Blockcloud BLOC project token. Users are encouraged to facilitate the token listing on KuCoin by making deposits.
For example, a minimum of 2,500 users are required to make a total of 72,000,000,000 BLOC ($513,000 at current exchange rates) deposits for a BLOC listing between 24 and 26 July.
If both conditions are met, KuCoin will announce the start date and time of the auction in a separate message. Otherwise, the listing will be postponed.
In addition, users who make deposits of more than 50,000 BLOCs during the said period will be provided with an airdrop of 4,800,000 BLOCs.
At the end of June, KuCoin announced the launch of an over-the-counter service with support for yuan and other fiat currencies.