The hype around the launch of KCCPAD to the KuCoin exchange is huge. KCCPAD will bring IDO launches to the KuCoin community chain. We will take a look into what the KCCPAD launch means.
The KCCPAD social media pages have been blowing up upon the announcement of the launch.
As the Crypto Astrologist mentioned on Twitter, KCCPAD was able to generate 25,000 followers on Twitter in the matter of just a few days. This could be a sign of how competitive IDOs will be to get into on KCCPAD.
What is KCCPAD?
KCCPAD is the first decentralized and deflationary IDO platform for the KuCoin Community Chain. What does this mean? It means that investors can no invest into IDO‘s through KCCPAD. All projects that launch on KCCPAD will have to commit to buying and burning tokens and therefore making it a deflationary launchpad.
The KuCoin community launched its KuCoin Community Chain (KCC) on June 16th, 2021. KCC is an Ethereum based decentralized public chain. KCC features high throughput, low latency, low transaction cost, and satisfactory security and stability, aiming to provide community users with faster, more convenient, and lower-cost experiences.
What makes KCCPAD unique?
KCCPAD, also called “the people’s launchpad”, is doing something that no other launchpad has done before. On KCCPAD anyone can create an IDO on their platform and market it themselves. Furthermore, while projects are launching on KCCPAD, the KCCPAD team will be working hard to support launching projects that they believe in. An excerpt from the article reads:
“We will market successful projects meeting our requirements and empowering them with the ability to raise liquidity and a fast boost at Launch!”
Then one simply needs to navigate down to “Custom RPC” at the bottom. Then, one can simply fill in the above details as the will see in the picture below.
It’s an interesting time to be in crypto with lots of new things happening everyday. The KCCPAD launch should be interesting to watch and hopefully the launch pad will bring many great things for the crypto community.
This article is not financial advice. Please do your own research before buying crypto. Participating in IDOs is very risky. Please do your own research before entering into an IDO.
Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.