CoinEx, one of the first cryptocurrency exchanges to list KAS, identifies innovative and promising cryptocurrencies through rigorous screening procedures.
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Recently, the KAS cryptocurrency has caught the attention of cryptocurrency traders, once again sparking market interest in the proof-of-work (PoW) class.
The hash rate of KAS has increased since it started in 2023, making it a favorite coin among GPU miners. As KAS gained momentum in the crypto market, more and more investors learned about the unknown aspects of the project.
Kaspa (KAS) is built on the GhostDAG/PHANTOM protocol, which is a scalable generalization of the Nakamoto consensus. The project design is faithful to the principles that Satoshi embodied in Bitcoin: proof-of-work mining, an isolated state consisting of a UTXO, deflationary monetary policy, no pre-mining, and no centralized governance. With high block rates and near-instant on-chain transactions, Kaspa has become one of the fastest PoW projects available.
The Kaspa native token, KAS, has a total supply of 28.7 billion and was launched in November 2021 with no pre-mining, pre-sale or coin distribution. According to the Kaspa website, KAS is 100% decentralized, open source, and community-run.
CoinEx, a global cryptocurrency exchange, became one of the first platforms to list KAS. The exchange introduced KAS trading in November 2022, backed by AMM.
CoinEx: The first to list KAS
Data from the CoinEx website shows that as of May 8, the price of KAS has increased by 494.98% over the past six months. Additionally, the 7-day APY for KAS AMM is 70.75% as of May 8th. (The numbers are for reference only and do not constitute financial advice).
Since KAS was listed on CoinEx last November, cryptocurrency users who bought and held KAS until the KAS boom in mid-April have made significant gains with CoinEx’s premium crypto options.
With KAS capturing a large amount of crypto interest, CoinEx has announced a KAS airdrop campaign that will distribute 100,000 KAS coins to eligible users. According to official statements, although they only offered 2,000 seats, the event generated widespread enthusiasm, attracting more than 4,000 participants.
Notably, since the launch of the CoinEx Airdrop terminal, the exchange has introduced airdrops from time to time based on market popularity and community voting results. For example, KAS airdrops are also based on the enthusiasm for that cryptocurrency. Offering benefits to CoinEx users who missed out on the KAS boom, Airdrop events allowed users to learn more about this popular project while earning free coins.
Committed to Listing Innovative Cryptocurrencies Since its inception, CoinEx has made consistent efforts to list high-quality coins, identify innovative projects, and explore the potential of the crypto industry, providing users with the best trading options.
According to CoinMarketCap, as of May 8th, CoinEx ranked 8th globally as the centralized exchange with the most supported cryptocurrencies and trading markets, making it one of the top platforms in terms of coin listings.
In 2022, CoinEx set new records for both trading volume and listings, with a cumulative trading volume of $243.3 billion and the highest 24-hour trading volume of $2.3 billion. With more than 700 cryptocurrencies and 1,100 supported trading markets, CoinEx provides easy and convenient trading services to more than 4.5 million users in more than 200 countries and regions.
These achievements highlight CoinEx’s commitment to delivering innovative and promising cryptocurrencies and assets to help users stay ahead of the curve. Meanwhile, the exchange continued to improve its products and improve user services. In the future, CoinEx plans to identify and list more cryptocurrencies like KAS to help its users gain an edge first in the market.
Disclaimer: This is a note made by the CoinEx team, so Daily Bitcoin It does not endorse or promote the commercial offers, products or services mentioned in the text.
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