https://ift.tt/9uzsxGt Announces Launch Of $50 Million Ecosystem Accelerator Program

KuCoin Community Chain (KCC) has announced the launch of a $50M Ecosystem Accelerator Program.

As per the announcement, the KCC Ecosystem Accelerator Program seeks to empower projects at different development phases while at the same time providing an extra level of support for users. The total incentive amount for the program has been set at $50million. Notably, the program is expected to accelerate the development of the KCC ecosystem through numerous campaigns such as project contests or hackathons, developers’ bounty, project incubation funds, listing recommendations, and liquidity support.

Commenting on the KCC Ecosystem Accelerator Program, Leandre, Head of KCC, explained:

“As an important part of KuCoin’s decentralized business ecosystem, KCC will enter an explosive development phase in 2022. Thus, we would like to establish the KCC ecosystem efficiently and quickly through a series of ecosystem incentive plans. At the same time, we will continue to explore high-quality on-chain projects and hidden gems for KCS enthusiasts and KuCoin users while improving the ecosystem.”

Notably, winning projects from the contests or hackathons will be able to tap into a prize pool of $1 million and get up to $10 million in liquidity support. All projects will undergo an intense due diligence process and security audits. Selected projects will also get to enjoy other resources offered across the KCC ecosystem, with some high-quality projects having the opportunity to get listed on KuCoin.

Sam, Head of Operation for KCC, added: 

“The incentive plan is our top priority of work this year. We expect to continue enriching the on-chain ecosystem, providing KCC users with an excellent trading experience, and meeting the diverse investment demands of users. We welcome projects to deploy on KCC and participate in the incentive plan so that we can help build a prosperous on-chain ecosystem.”

KCC is a decentralized public chain with EVM compatibility and high-performance smart contracts created to accelerate the flow of value around the world. The platform was built by KCS and KuCoin’s fan communities to solve problems such as low performance and the high cost of operating on a public chain. The communities can make it easier, faster, and more convenient while experiencing a low transition cost.