KuCoin, one of the largest cryptocurrency exchange announced it’s giving away Perth Mint Gold Token (PMGT) token worth $17,000 to celebrate the second round of its listing campaign.

PMGT was developed in collaboration between InfiniGold and The Perth Mint. Each PMGT is 100% backed by physical gold which offers token holders risk diversification and hedging against market volatility at superior credit quality.

The announcement was published on its official website and shared with its teeming followers on Twitter, 9th of June 2020. According to the report, the giveaway is powered by KuCoin in cooperation with the Perth Mint Gold Token team.

“Perth Mint Gold Token (PMGT) Golden Trident: 10 PMGT to Give Away (approximately 17,000 USD)!” KuCoin shared.

How to Win A Share From The $17,800 Via KuCoin Promotion
According to KuCoin exchange, the second activity titled "Hold PMGT to Share a Prize Pool of Approximately $11,000 in PMGT Tokens" started 17th June 2020 at 18:00 AM (UTC+8) and will end on 24th June 2020 at 18:00 AM (UTC+8). The competition is sectioned into three.

Promotion A
In the first part of the promotion, users are to trade to win a share of 3 PMGT rewards in proportion to their net buying amount. The top trader that has the most PMGT trading volume in the course of the activity will win a huge share of the 3 PMGT reward pool. The activity period started from June 10, 2020 to June 17, 2020 so the event was already concluded.

Promotion B
In the second part of the promotion, the easiest one, all you need is a net buying amount (buys - sells - withdrawal) of about $87 (0.05 PMGT is equal to $87) to participate. Rougly around $11 is what you'll receive as a reward since each participants will get 0.0065 PMGT.

Promotion C
The last part of the promotion is for all users that successfully participated in the second activity. Participants can fancy themselves as wizard on the charts as the activity is all about speculating the PMGT price before 18:00:00 on June 19, 2020 (UTC+8) until the closing day (June 24) of the event. KuCoin will rank users who have the closest PMGT price guess:
Top 1: Golden Blind Box worth 0.25 PMGT
Top 2-6: Silver Blind Box worth 0.05 PMGT

About KuCoin
Known as "The People’s Exchange", KuCoin provide users with 24/7 multi-language customer service. The exchange has already established local communities in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with highly localized services. KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users across 207 countries and regions around the world. One out of every four crypto holders in the world is with KuCoin.

About PMGT
PMGT is a ground-breaking project that sees InfiniGold and the government-owned Perth Mint leading the field to transform gold into a multi-billion dollar digital asset with the benefits of real-time trading and settlement enabled by blockchain technology. The Perth Mint Gold Token (PMGT) team aims to become an essential digital asset in any investor’s portfolio, whether they be retail or institutional.

For all of the updates about the event, be sure to check out these channels:
Twitter - https://twitter.com/kucoincom
Telegram - https://t.me/Kucoin_Exchange

Whether you're affected by the mania surrounding the Coronavirus pandemic or not, one thing is sure: When it goes to the economy, the Coronavirus impacts several households.

Investment funds struggle. Events for coming days are cancelled. People hitting hardest, though, may well be the people facing lay-offs and job instability; the folks who work in the daily service industries. We are in a pretty dire situation all over the world and it looks like a lot of us may get laid off, fired, or just not be able to work for a while. That has left many wondering, “How am I going to make money during the Coronavirus?”

We might not have all the answers, but I decided to ask some crypto traders, margin dealers, and everyday people what are some of the best ways to make money during the Coronavirus, and here is what they had to offer.



1. KuCoin Lending
KuCoin Lending lets you easily grow your wealth by accruing interest on your funds. Essentially, you’re lending your assets to margin traders on the platform, and they pay interest to you in return for borrowing your funds. Anyone can choose from a wide variety of options as it supports multiple crypto such as BTC, ETH, EOS, LTC, XRP, ADA, ATOM and more!
Benefits of KuCoin Lend:
• The main benefit of using KuCoin Lending is the opportunity for passive gains with your crypto. Whether you’re a crypto HODLer trying to maximize gains or a frequent trader who wants to take a break from the action, KuCoin’s Lending products allow you to accrue interest & increase your token balance regardless of how the market moves.
• The annualized return depends on how the user sets the lending period and daily interest rate. It can be 7, 14, or 28 days period, and the annual rate of return is 8–12%.
• The platform charges incredibly low rates to users, and they own much of all the money from the profit that user gets upon lending their money. The principal and revenue will be instantly sent to the user 's main account after the lending period expires.



2. Pool-X
Pool-X let users unstake their tokens at any time, providing an opportunity to adapt to the changing market conditions. However, it goes beyond just a trading platform. The Pool-X ecosystem was created as a means to facilitate the development of the staking market as a whole. Services such as flexible deposits, exchange market (for staked crypto to provide liquidity), the node supermarket (where users can find and join nodes), or the multi-currency wallet (which allows users to store their tokens), make the platform much more convenient and user-friendly.
Benefits of Pool-X:
• Double rewards - Anyone can get node rewards and POL through participating in staking at Pool-X. For example, if I stake TRX on Pool-X, the staking income for TRX’s will be obtained and I will also get a certain amount of POL.
Note: Firstly, compared with other PoS mining pools, Pool-X has a built-in liquidity trading market, in which lockup assets can be traded, and POL will be used as the "currency", so it'll create a win win situation for the POL's value. For example, when the ATOM’s price increases, POL will also increase, but when ATOM’s price falls, POL will still increase. How's this? Well, as long as there is liquidity demand in the market, POL will be utilized which will give it value, hence, a lead to price increase of POL. Second, the listing of more staking projects and engagement of nodes in Pool-X will also tremendously enhance the demand of POL in the liquidity exchange as well as accelerate the burn mechanism of POL. Lastly, there were no fundraisers for POL, the previous holders are all real users of Pool-X and POL will be used when they go utilize the whole products of Pool-X.
• Anyone can freely choose between the flexible staking products and the fixed staking products to participate in staking on Pool-X.
• It provides a one-stop service that enables users to proceed with mining and staking in a much easier way by transferring or simply depositing funds into their accounts
• Pool-X frequently launches time-limited staking campaigns together with the projects supported by the platform. It offers
• Anyone can earn staking rewards without needing to set up nodes, worry about minimum staking amounts, time lengths, or any hindrances you might think of. Just keep a balance in your Pool-X account and earn!



3. KuCoin "Gold Rush" Super Referral Program
Either just a user or a media influencer, you can sign up as a "Gold Hunter" in this new program. With KuCoin's new “One Code For All” rule which includes — Spot, Margin, and Contract, whenever a user you refer make a transaction, you can get commissions from these three trading channels. For the first 3 months, depending on your KCS daily average position, KuCoin will reward you with a 40% commission of your friends’ trade (Spot, Margin, and Contract).

No need to check back every time someone makes a trade, just sit back, relax, and watch how you make profits of the trading fees in the traded token. Expecting to see several users utilize the program to its fullest, I know anyone will greatly benefit from this; especially if they have a lot of friends and acquaintances.

KuCoin Lend: https://www.kucoin.com/margin/lend
Pool-X: https://pool-x.io/
KuCoin Referral Program: https://www.kucoin.com/news/en-kucoin-gold-rush-super-referral-program

KuCoin is one of the global cryptocurrency exchange for numerous digital assets and cryptocurrencies looking to give investors a professional, secure, and transparent trading platform. Despite being relatively new since its inception in 2018, the platform already proved to its users that it has the best trading options and tools with an easy-to-use system.

While its founder and KuGroup Chairman is Michael Gan, who comprises the team that is running KuCoin Group is relatively unknown. While they have their own Whitepaper from 2018, there is little more information available about the new upgrade of KuCoin's structure, brand and strategy. Despite this, the exchange has grown extremely quickly, taking markets not just in Asia but across the globe.

Undeterred by the scale of its' operations, KuCoin significantly hedges any potential security risk from the very beginning, a feat quite unusual for the world of crypto.

Accumulating over 67 billion in transaction volume (USD), KuCoin can be accessed in over 200+ countries and regions. Future-proofing is important for KuCoin, and so they aimed to make the platform as scalable as possible with its gradual launch of financial services around the core of "exchange value", such as fiat-to-crypto, futures, staking, borrowing, lending, token launch and more. KuCoin's goal is to evolve beyond the role of a single exchange, which will allow the platform to scale and continually add a more diverse range of features.

| Trade Volume and Trade Pairs
KuCoin supports a very large number of cryptocurrencies with over 200 global high-quality blockchain projects more than 400 trading pairs. Users of KuCoin can access most of the mainstream cryptocurrencies in CMC’s Top 50 such as Bitcoin, Ethereum, XRP, and Litecoin, along with other notable coins. At present, KuCoin has supported many fiats such as USD, EUR, AUD, CNY, VND and IDR. In 2020, the plan to support more fiats is still underway so that users all over the world can access KuCoin services more conveniently.

The most popular trading pairs are BTC/USDT which are traded at a volume of $19,342,015 over 24 hours. This makes up roughly 35.64 percent of the trading volume of the exchange, at a price of $9,139. Also, KuCoin is one of the only two crypto exchanges which supports level 3 market data to help you trade with precision and won’t be punished by fear or greed, which usually cause the missing-out of the perfect timing.

| User and Service Globalization
Since the early days of the platform, "Globalization" and “Traders First” mentality have always been the labels and advantages of KuCoin. With over 5 million users around the world, KuCoin provides 24/7 customer services with 16 different languages available for users. KuCoin has also established local communities in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with highly localized services.

According to TokenInsight, KuCoin is the exchange with the most widely distributed visitors. Also, 70% of its users come from North America, Europe, Russia and SEA.

Most of the reviews as you search the keyword "KuCoin" on Google are all mainly positive. With the aim to increase ease of use, enhance the content and improve the overall experience for their users, KuCoin has built for themselves a strong reputation from which they can continue to build and grow.

| Increased Security and Convenience
Adding more choice for users and accommodating their use of the platform is one of the ways KuCoin's user experience has been upgraded. As an example, for added convenience to users, phone numbers can be used to register for an account on KuCoin in place of an email address. Users are also able to link a phone number to their existing account, which will allow SMS to be received following any withdrawal or deposit to the associated account for added security. This system will be available alongside Google two factor authentication.

Doubling down on its commitment to compliance, security, and safekeeping of crypto asset investments, KuCoin partners with Chainalysis right after partnering with Singapore's crypto asset custody platform, Onchain Custodian. Also, the initiatives set out by KuCoin isn't just about prospering in its own. Also known as “Pinocchio Integrity Plan”, KuCoin Group along with authoritative institutions and media partners established a thorough information system to help maintain the industry for a fair, impartial and authoritative project review.

Creating an Account
Creating an account on KuCoin can be so much easy as the process would only take 10s to start your crypto journey. The exchange's excellence for cryptocurrency trading, regular addition of new pairs and more than adequate technical support are the main reasons why more or less experienced Internet users would not have any difficulties with registration on KuCoin.

KuCoin is a cryptocurrency exchange on which everyone can trust and trade. It's packed with state-of-the-art features and devices that any trader would appreciate. It helps traders get under a single umbrella too as many products. Having a KuCoin account inevitably leads to so many opportunities that no one wishes to overlook. It's the world's most secured exchange, it hasn't been breached in its operations since 2017, and have significant mechanisms for user protection fund. Ever since launch, quality service has indeed been their prime motto. Therefore, it always places emphasis on user safety and customer safety.

Let's look more closely into how this exchange' persistence and efforts in this field have ultimately turned them into a highly acclaimed cryptocurrency trading platform which offers so much innovative and state of the art products.

As a specialized exchange with different positioning and target market, KuCoin Exchange is dedicated to providing safe, professional, trustworthy, and world-class services to its global users across 207 countries. KuCoin has expanded into a series of financial services like fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch, Digital Asset Research, etc., and established a global digital economy industry ecosystem by providing a myriad of local communities, and supporting in over 210 global high-quality blockchain projects.

Since its establishment, KuCoin has been financed by IDG Capital and Matrix Partners. As a digital assets service provider, KuCoin is far ahead of its competitors in establishing a top trading experience for global crypto traders. According to TokenInsight, KuCoin is the exchange with the most widely distributed visitors, which indicates to a certain extent that its global operations are good. Also, 70% of its users come from North America, Europe, Russia, and SEA.

Core Features to Explore

Advanced Trading Technology
With the vision of creating a financially comprehensive ecosystem, KuCoin’s imminent business goal is focused on further improving their cutting-edge technologies to promote the broader adoption of digital assets. Although the services provided were somehow almost the same as the time it was established in 2017, KuCoin greatly improved its API performance, designed and developed Lite and Pro versions for different traders, introduced more order types, improved security mechanisms, and Level III Market Data which will greatly improve the robustness and accuracy of the system under extreme market fluctuations. Today, the exchange has one of the fastest matching engines in the market being able to handle 1 million transactions per second.

Reliable Security Solutions
Since the very beginning of KuCoin, the team has selected professional engineers and experts with technology in pursuit of having the best security solutions, and this has kept their technology the pioneer in the industry. Promoting compliance-first business practices in the crypto industry, KuCoin partners with Onchain Custodian and Chainalysis to create a safe and compliant trading environment.

KuCoin developers continually look for ways to improve the system architecture to achieve a high degree of resiliency. These resilient systems are thoroughly configured to maintain a seamless user experience despite unpredictable external factors like high traffic or demand.

In addition to security, to further maintain order and promote integrity for the entire cryptocurrency industry, KuCoin introduced its brand-new credit infrastructure “Project Pinocchio” which aims to avoid the occurrence of vicious business behaviors through a fair, just and authoritative review mechanism.

Significance across Global Operations
Globalization has always been one of the labels and advantages of KuCoin, including multilingual support channels, business partnerships, fiat gateways, community-driven promotions, and 16 local communities across the globe.

Strategically, KuCoin has been working on the layout of its ecosystem construction. As users across the globe sensed the momentum of the crypto world and became more convinced about the bright future of blockchain, the value and the global influence of KuCoin on the industry will become more and more evident.

Attractive Campaigns and Programs
If it wasn’t for the efforts put forth by their marketing team the KuCoin hype wouldn’t have picked up as much momentum as it did. From listing campaigns, highly flexible staking schemes, tiered trading fee discounts, retweet/follow giveaways, and etc., it is through continued efforts like these that get the people involved in building the exchange. But the work simply doesn’t stop there, to further increase community involvement, KuCoin has launched the "Gold Rush - One Code For All" super referral program.

Giving traders, influencers, and people with extensive user resources the option to share their referral rewards with their friends/followers, referral programs are big drivers for any kind of activity and will surely assist in terms of promoting KuCoin Exchange.  Here’s a step-by-step explainer on how KuCoin “Gold Rush” Super Referral Program works:

1. Anyone can sign up as a "Gold Hunter" in this new program. With KuCoin's new “One Code For All” which includes — Spot, Margin, and Contract, you can get commissions from these three trading channels
2. This is where things get exciting for you, as a registered "Gold Hunter," apart from the commission received, you'll have more privilege under this Referral Program like:
1-to-1 service support, weekly performance reports, a bigger discount of trading fees and other VIP benefits, exclusive invites to KuCoin’s annual conference/dinner party, chance to become one of KuCoin’s global community managers, and more!
3. But wait, there’s more! Keep >= 200 KCS per day in your KuCoin account, and your commission goes up to 40%!

Vision for Long-Term Development
With the expansion of KuCoin ecosystem and so many upcoming plans like the recent brand upgrade of its derivative trading platform KuMEX into "KuCoin Futures," KuCoin didn't hesitate to expand its team structure as well to better position the best team structure in supporting the long-term development of KuCoin. Though they have been rather quiet about how they plan to move from centralization to decentralization, the platform worked out with services like Arwen to combine the best of decentralized security and centralized liquidity. Also, the platform is already working on its Public Chain “KuChain” which proposes a high-performance decentralized financial framework. KuChain will support many high-performance Dapps, and decentralized exchange KuDEX is very likely to be the first one.

KuCoin has many great plans for the future, while in the year of 2020, KuCoin, KuCoin Futures, and Pool-X will still be the core business of the whole group. Moving forward, to bring excellent trading experience as its mission, KuCoin will deliver more innovative products that technology allows.

To wrap up
Since the early days of the platform, KuCoin has pushed through with ‘Users First and Foremost’ as its core value and grown rapidly together with its users, upholding the principle of security and transparency. KuCoin's consecutive structural and brand upgrades are a milestone, marking its fresh new chapter of positioning and core value in the industry.
The next few years are the golden age for the rapid development of KuCoin's brand which will grant it more resources and chances for the constant polishing and promotion of the products, which is sure to open up a broader prospect and explore the vast potential for KuCoin’s future development.
As the cryptocurrency market is getting more and more mature, I believe that the value and the global influence of KuCoin on the cryptocurrency market will become more and more evident; Within this golden period, the growing maturity and development will for sure become the most critical driving force to boost the development of the overall KuCoin ecosystem.

Still not signed up with KuCoin? Create a KuCoin account in just 10s! https://www.kucoin.com/ucenter/signup
Stay up to date with KuCoin's news and developments https://www.kucoin.com/news
Have questions? Join KuCoin's Telegram chat for help and answers! https://t.me/Kucoin_Exchange

     Fabian Vogelsteller is a long term open source developer, author and developer of many open source projects including Ethereum’s Mist browser and the Ethereum Wallet. Fabian was part of the Ethereum Foundation from 2015 to 2018, he built some of the most important tools that contributed to the success of this decentralized ecosystem, including the Mist Browser and web3.js.

    In 2015, Fabian proposed the ERC-20 Token standard that inaugurated the Token economy as we know it today which brings us business opportunities, such as ICO.

 ICO, Initial Coin Offering, a form of tokens sales on the blockchain, allows a new developers team to tap into a wide pool of potential investors to provide itself with capital for future growth, repayment of debt, or working capital.So Fabian Vogelsteller is known as Godfather of ICO.

 ICO is an excellent invention with lots of ideas, those ideas push Fabian Vogelsteller to create a better blueprint. Those ideas excite him to think about what's coming in the future.So he plans to lead the technological development at LUKSO.Then LUKSO came out.
 
“Everybody is talking about bringing Blockchain to the masses, but nobody is building use cases for them. The LUKSO blockchain will be the space to create synergies and standards that will power the future mainstream blockchain applications." The specific idea developed from an exchange that Fabian’s wife and co-founder Marjorie Hernandez de Vogelsteller in 2017.
In Marjorie’s work during the last few years, where she developed several blockchain use cases, she realized that here lies a great potential for the design and fashion industry. So the idea of using blockchain-technology in the fashion-industry has arised. The focus of LUKSO is on facilitating blockchain use-cases, particularly in areas like digital lifestyle. For example, a specific chip is used to verify the authenticity and origin of products by assigning them a unique ID based on blockchain technology.

LUKSO is an Ethereum sister network.

 It is about the uniqueness of a fashion item and is based on the Ethereum Virtual Machine (EVM).Blockchain is often associated with male-dominated tech firms and may seem irrelevant when it comes to the fashion and luxury industries. Marjorie Hernandez de Vogelsteller believes blockchain has so much potential when it comes to the future of fashion. What will LUKSO do is  running digital applications focused on fashion, art, music and other creative fields. It will bring blockchain technology to the masses. Everyone is looking forward to seeing how LUKSO opens a brand new door for pooling ideas.

LUKSO is based on RICO(Reversible ICO) fundraising model.

The biggest problems of current ICOs is the trust between the project team and the initial coin buyers.It means if a coin buyer applied for the token, and the project team might made off with money. But, RICO, which is done by controlling the flow of funds to the project can fix this problem.  A coin buyer controls at all times the not-yet-given funds and can stop the flow to the project at any time.RICO is implemented on the smart contract which cannot be modified. It’s regarded as an advancement to ICO structure with a more secure system. Recently, RICO has been approved by German regulators, allowing investors to reserve tokens in the first phase of the offering and purchase them during the second phase.

The LUKSO blockchain secures itself through the costs to participate in the network. It uses LYX/LYXe as its native cryptocurrency. Imagine Kim Kardashian issuing branded tokens to her millions of fans which could be traded for real Yeezys or digital Chanel bags or converted into LYX/LYXe in a future economy that isn’t ruled by central banks or nation-states. LUKSO is a tool to equalize power between people globally, a tool with which can build systems to inspire mass participation and mass stakeholdership, which is completely fluid and in real-time. It's where the value of the digital lifestyle can be made visible.

LUKSO will have its token sale project in Spotlight of KuCoin. The sale amount only accounts for 1% of the issuance.Without any initial circulation of its tokens on the market, participants don’t need to worry that the price of the token(LYX/LYXe) will be smashed by some early speculators using the tokens of lower price.Therefore, the token price of LYX/LYXe that you can from KuCoin’s Spotlight is likely to be the best one than from anywhere else.

Maybe you would ask why LUKSO chose KuCoin to participant the Spotlight to issue their tokens? 
The LUKSO team has been very selective. They met with many exchanges and have been in contact with the KuCoin team for several months now. It turned out that KuCoin’s values resonate with LUKSO. The globalization process of KuCoin is very successful. KuCoin has grown into one of the most popular crypto exchanges. It has more than 5 million users on its platform and covers over 205 countries and areas. It is renowned with an excellent international layout. KuCoin wiil be in favor of promoting LUKSO.

The two great teams have cooperated already. Let’s just looking forward to the Spotlight and   
the new model for blockchain space.

Wanna know more about the LUKSO’s token sale Spotlight program at KuCoin? Join in our discussion group on Telegram now: t.me/LUKSOKuCoin (LUKSO x KuCoin Spotlight Discussion Group)

KuCoin LUKSO Spotlight Community LYXe Net Buying Activity: Double Rewards! Share a $4,000 LYXe Prize Pool!

Medium: medium.com/kucoinexchange/kucoin-lukso-spotlight-community-lyxe-net-buying-activity-double-rewards-db114334a5a3

Twitter: twitter.com/kucoincom/status/1263111820736212992

Fabian Vogelsteller, a developer and thought leader on blockchain technology, officially started working at the Ethereum Foundation in 2015, he has built many Ethereum user and developer-facing projects including the Ethereum Mist browser, the Ethereum Wallet and web3.js - the Ethereum’s space most used JavaScript library.

Together with Vitalik Buterin, in 2015 Fabian proposed the ERC20 token standard, which initiated the world ICO wave and redefined investment and crowd ownership as we know it.

What is LUKSO?

LUKSO, the blockchain for new digital lifestyle, is created by Fabian Vogelsteller. It is a multiverse blockchain network where the worlds of fashion, gaming, design, and social media intersect. LUKSO delivers a set of core tools and standards to make the blockchain easy to use and build. The LUKSO ecosystem is targeting a new wave of blockchain applications and encourages developers to create a future of decentralized communities, brands and a new digital world.

LUKSO has built an exceptional advisory board from top executives to leaders in the blockchain and lifestyle space. LUKSO is working closely with brands to develop smart contracts standards and applications to revolutionize the fashion and lifestyle industries. Over the last year, LUKSO has built a test network called “L14”, internal MVPs and public experiments to test these new use cases.

Today Fabian is leading the concept, design, and development of the LUKSO Blockchain.

“Everybody is talking about bringing Blockchain to the masses, but nobody is building use cases for them. The LUKSO blockchain will be the space to create synergies and standards that will power the future mainstream blockchain applications."

The specific idea developed from an exchange that Fabian’s wife and co-founder Marjorie Hernandez de Vogelsteller in 2017. In Marjorie’s work during the last few years, where she developed several blockchain use cases, she realized that here lies a great potential for the design and fashion industry. So the idea of using blockchain-technology in the fashion-industry has arised. The focus of LUKSO is on facilitating blockchain use-cases, particularly in areas like digital lifestyle. For example, a specific chip is used to verify the authenticity and origin of products by assigning them a unique ID based on blockchain technology. LUKSO will run digital applications focused on fashion, art, music and other creative fields. It’s also for more female-friendly blockchain.

LUKSO benefits from every development in Ethereum and the ecosystem, and Fabian hopes one day, things built on LUKSO and standards formed here will benefit the larger Ethereum ecosystem as well.

How is the idea of “rICO——reversible ICO” created?

LUKSO isn’t just going after a new market in blockchain, it also wants to transform the traditional coin funding process of ICO. Fabian created the original Ethereum process in November 2015, which brought an explosion of ICO in popularity starting in 2016 -- as well as giving fraudsters, thieves and scam artists a way to make off with billions of dollars.

While offering fledgling companies around the world a new way to raise money, many ICOs proved to be scams, or never produced real products. The U.S Security and Exchange Commission has shut down or fined dozens of the startups issuing tokens without registering them as securities. Fabian and his wife Marjorie want to change that.

Their idea is called a reversible ICO, or rICO. A standard ICO takes money from investors all at once, with the promise of a product to be delivered in the future. A rICO, on the other hand, will have a participation window of something like eight months over which investor cash will be turned into Lukso tokens in regular intervals. If investors don’t like the way the project is developing in month four, they can get the balance of their investment back and are free to sell their tokens to someone else.

The Lukso token is called LYX/LYXe and should go on sale in the rICO later this year, with the blockchain to become active in the fall. The rICO process will afford more safety to investors.

Before LUKSO’s rICO process, it now has its LYXe token sale activity with KuCoin Exchange‘s Spotlight program. The registration is now open and the token sale will take place on May 20th.


Why KuCoin? What is KuCoin Exchange?

KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges. It places an emphasis on the quality of the projects listed based on a research department that scours the blockchain industry for quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. In November 2018, KuCoin partnered with IDG Capital and Matrix Partners.

KuCoin is dedicated to providing long-lasting, increased value to its more than five million registered users, in over 200 countries. And now, 1 out of 4 crypto holders worldwide is with KuCoin.

Why did LUKSO choose KuCoin to launch its token sale program?

The LUKSO team has been very selective. They met with many exchanges and have been in contact with the KuCoin team for several months now. It turned out that KuCoin’s values resonate with LUKSO. The main reason is that the globalization process of KuCoin is very successful and KuCoin has grown into one of the most popular crypto exchanges. It is renowned with an excellent international layout.

Wanna know more about the LUKSO’s token sale Spotlight program at KuCoin? Join in our discussion group on Telegram now: t.me/LUKSOKuCoin (LUKSO x KuCoin Spotlight Discussion Group)

LUKSO Official Website:
lukso.network

Trade on KuCoin Exchange：
kucoin.com/ucenter/signup?utm_source=Mo6Le8

It is a very well-known fact that the global economy affects global economics. We are currently facing a devastating pandemic known as Coronavirus, or COVID-19. And presuming it will shake all facets of the global economy is just rational. And the entire globe remains on the edge of its seats.

Now it is clear that dominant global business trends are overwhelmingly negative. And there is a little risk that the situation will change before Chinese manufactures could be active again. Maybe the outbreak of Coronavirus in Italy has far more devastating implications for the economy of the country as it has begun in the most economically productive region.

At the other hand, the cryptocurrencies have shown steady development over the last two months. Bitcoin has been reaching the $10k mark twice since the New Year. Interestingly, crypto seems to respond only to internal events, including halving bitcoin or introducing digital money from central banks.

For the very first time in crypto-history analysts predict cryptocurrencies will save us from financial meltdown actually. Therefore, in order to prevent needless physical contact, China switched to blockchain technology. And now they're using it to handle medical data, consult people, and just for now they're willing to give up fiat money. Specifically, Chinese authorities emphasize that they value the reliability of blockchain, which is good enough to store sensitive medical data.

Cryptocurrencies may be influenced by Coronavirus, but not in any way one would have predicted. Right now, it is very up in the air. Does it behave like Gold and behave as a hedge or will it take a fall because it is a risky asset. While for now, crypto hasn't been through a recession yet. If this correction continues into a real recession, we'll get to see if the "digital gold" narrative will play out.