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The Singapore-based cryptocurrency exchange, Kucoin, announced its very first project, MultiVAC, to be launched on Kucoin's Spotlight launchpad, an equal to Binance’s launchpad.
KuCoin exchange announced the first project of Kucoin Spotlight, called MultiVAC, reportedly, the project is the first of its kind that is hosted on the KuCoin Spotlight platform.
Interested users must hold KuCoin shares token and participate in MultiVAC Spotlight/ Initial Exchange Offering.
Kucoin calls itself 'the people’s exchange', which is why Spotlight is profiled as the people’s IEO launchpad. Tokens can be purchased using KCS only, Kucoin’s native token, which has appreciated in value significantly since Spotlight was unveiled.
Token Sale of MultiVAC of KuCoin Spotlight will start on April 3rd
— KuCoin Updates (@KuCoinUpdates) March 25, 2019
We are pleased to announce the first project of KuCoin Spotlight: MultiVAC (MTV).
Read more about this news on:https://t.co/Do3FFYiDxv@MultiVAC_Global pic.twitter.com/SuBwfMQVyV
What is MultiVac?
The announcement made by Kucoin explains that MultiVAC is developing the world’s first quick, efficient, and fully sharded blockchain. Sharding is not only used for computation, but also transmission and storage, maximizing throughput while maintaining decentralization, all without sacrificing security. MultiVAC has received 15 million USD in Round A strategic investments from IDG, NGC, Hashed, Signum, Arrington XRP, Dfund, ICODrops, etc.
Read more: KuCoin holds trading competition in cooperation with DxChain
The CEO of Kucoin exchange Michael Gan was also happy to share the announcement with his followers.
Let's put our Spotlight on MultiVAC!
— Michael Gan (@gan_chun) March 25, 2019
It's my pleasure to introduce the pioneering all-dimensional sharding and flexible blockchain to you: MultiVAC, which is also the first project of KuCoin Spotlight. pic.twitter.com/1a3maI8AHM
Kucoin is currently trading at $1.38 and shows an impressive gain of more than 14% in the past 24 hours, according to the data provided by Coinmarketcap, while taking the 52nd position with a market cap of $124,548,547.
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