The cryptocurrency exchange is a place from where the user can buy and sell cryptocurrencies, like Bitcoin, Ether, or Dogecoin. However, there are many exchanges such as CoinBase, Binance, Bithumb, Bitstamp, KuCoin, and many more. If we look at the KuCoin exchange, it is also known as the “People’s Exchange.” The reason is due to the fantastic features it offers its users, which include user-friendly ways of using it, a variety of coins to choose from, customer services, and whatnot. Moreover, they have also launched the KCS Ecosystem page where users can get relevant information related to block trading and quick access to buying KCS.
Let’s Understand The Term Blockchain Ecosystem
Before going into details about the KuCoin ecosystem, let’s understand the term BlockChain Ecosystem. The blockchain ecosystem is a network of participants in a blockchain that shares business objectives and processes. Initially, Blockchain has been associated with cryptocurrency for a very long time, so now it has evolved into various decentralized projects. Some Blockchain ecosystems include XDC Network, where users interact with the XDC blockchain using the network’s native products. The products include XinFin Explorer, XinFin Masternode, XinFin Wallet, and XinFin Exchange.
Another ecosystem is Solana. Solana is one of the fastest-growing cryptocurrency ecosystems and deals with projects like Defi, NFTs, Web3, and many more. Avalanche, another blockchain ecosystem, has excellent potential. It tends to be the most attractive cryptocurrency, mainly for its token, AVAX.
Stellar is another open blockchain network. Steller is used for storing and transferring money. This platform transfers and trades money, dollars, bitcoins, or anything of value. Apart from the ecosystems mentioned above, Fantom, Terra, TechPay Coin, and Ethereum are also blockchain ecosystems.
KuCoin Ecosystem will focus on building a connection between centralized and decentralized trading, improving the performance and capacity to handle demands, and building cross-chain interaction protocols. Exciting! Right? Moreover, it will also support multiple assets, games, Web 3.0, and many more things. Isn’t it exciting?
Let’s Look At Some Of The Coins Traded On KuCoin
Though Kucoin offers more than seven hundred registered coins to its users, let’s study some of them.
Ethereum is one of the digital cryptocurrencies which started in 2015 KuCoins offers. Ethereum is among the most popular cryptocurrencies and ranks second in total size. If one looks at the price of one Ethereum, it is equal to $1,206.94.
Another coin that Kucoins offers is Dogecoin. Billy Markus and Jackson Palmer created this coin as a joke. But with time, it got popular. And the Dogecoin price is 14.86PKR.
Lite Coin is another tradable coin aimed toward cheaper transactions and is more efficient for everyday use. If one looks at Litecoin price, it equals 11,556.00PKR. Apart from these, Bitcoin, Polkadot, and many more coins are provided by Ku Coin.
Thus Kucoin, one of the best exchanges, has also launched an ecosystem. The benefits include a safe and efficient way to trade and a great chance of growth in terms of building a community and earning profits.