KuCoin, a popular crypto exchange, revealed that the first project that has been introduced on its KuCoin selection program will be Blockcloud or BLOC.
The KuCoin exchange broke the news to the crypto community through a tweet, after which it posted an official announcement on its website on 23rd July 2019.
The post states that:
“Users may deposit the recommended token to KuCoin in the specified time period. If both the token amount and the number of people depositing the token reach the required amount within this period, KuCoin will announce the trading opening date separately.”
The KuCoin Selection program was launched to provide the community with better services and to “satisfy the project recommendation requirements of the community users as well as promote and enrich the construction of the project ecosystem on KuCoin.”
The requirements for the program are 2500 deposit users and a total deposit token amount of 72,000,000 BLOC. the program is scheduled to start on 24th July 2019 at 11:00 and it will end on 26th July 2019, 18:00 of the UTC+8 time zone.
If both conditions are not met by then, the listing will be put on hold with a follow-up operation to be presented soon after. KuCoin states that they will also disclose on 25th July 2019 at 18:00 (UTC+8) to how many users have made deposits in addition to the total number of deposits. The reason for this disclosure is to keep the community informed of the evolution of the program.
Blockcloud is a TCP/IP blockchain-based architecture which enables dynamic networks to stay continuously connected. Blockcloud claims that it will offer “better mobility, credibility, incentives, security, fairness, and scalability to upper-layer applications.”
What’s more, KuCoin will be holding a special airdrop in which it will allocate 4,800,000 Blockcloud tokens to the users that have made a deposit of at least 50,000 BLOC during the program period.
Featured image: Kucoin.com