VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, one of the world’s leading cryptocurrency trading platforms, announced its 21st Spotlight Token Sale featuring Aurigami (PLY) on April 29, 2022 (UTC). It allows qualified participants to acquire Aurigami (PLY) at the issue price of $0.005 by holding at least 100 KuCoin Token (KCS), the native token of KuCoin Exchange.
Aurigami (PLY) is the decentralized lending protocol built on Aurora, an Ethereum Virtual Machine (EVM) smart contract platform that bridges Ethereum and NEAR. Aurigami is one of TVL’s top protocols on Aurora, with around $800 million in cash. And it now offers basic money market services such as deposits and secured lending for the 8 largest assets in the Aurora ecosystem. Additionally, Aurigami has attracted Blue-Chip venture capital firms such as DragonFly Capital, PolyChain Capital, and Coinbase Ventures as investors in its private round.
Currently, KuCoin Spotlight has launched 20 projects with impressive performance, including CLH, PDEX, CWAR, VR, etc. via Spotlight, with the highest ROI exceeding 924x. And to register more users for the 21st KuCoin Spotlight, KuCoin launched the Spotlight Trial Fund to minimize the participation threshold. 1,000 lucky participants will have the opportunity to earn a quota of 100 KCS by joining the activities of the Spotlight Trial Fund.
Johnny Lyu, CEO of KuCoin, said, “As a hotbed of crypto gems, KuCoin continues to find the next crypto gems for all categories of investors, and KuCoin Spotlight is a good place to provide promising crypto assets. Similar to our vision of lowering the barriers for users to enter the world of cryptocurrency, Aurigami provides an easy way for everyone to access DeFi. We are excited to launch this amazing project on our Spotlight platform and lend our support to Aurigami.
Lucas Huang, co-founder of Aurigami added, “Aurigami is proud to allow users to lend, borrow and earn interest. Our aspiration is to become the foundation of a thriving DeFi ecosystem on Aurora. KuCoin is one of the most trusted, established and user-friendly global exchanges, and we are excited for the opportunity to launch our exclusive token sale on KuCoin Spotlight.
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles, offering over 600 digital assets and currently provides spot trading, margin trading, fiat P2P trading, futures trading, staking and lending to its 10 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Series A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Forbes also named KuCoin one of the best crypto exchanges for 2021. In 2022, The Ascent named KuCoin the best crypto exchanges and apps for enthusiasts.
Spotlight is a KuCoin token launch platform that serves early-stage crypto projects and initial token distribution to provide users with the opportunity to participate in the early investment of favorite projects to earn considerable revenue with low thresholds. It has strict selection criteria to ensure that the listed projects and their native tokens are of high quality. In addition to providing more promising crypto assets to investors, Spotlight supports early-stage crypto projects in crowdfunding, marketing exposure, as well as industry influence for further development.
Aurigami (PLY) is a decentralized, non-custodial native money market on Aurora. Aurigami offers money market services such as deposits and secured loans, which allow users to lend, borrow and earn interest effortlessly with their digital assets. Aurora is an Ethereum virtual machine (EVM) on the NEAR Protocol blockchain. The Aurigami team has developed the most gas-efficient loan marketplace through contract optimization and the deployment of a proprietary liquidation engine.
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KuCoin Announces Sale of Aurigami (PLY) Tokens on KuCoin Spotlight, Preferred Token Launch Platform
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