KuCoin is one of the most popular cryptocurrency exchanges with so many different services that it is hard to know them all. One of KuCoin's unique features is the BurningDrop.
The BurningDrop is one of my favorite features on KuCoin and I believe that you will like it, too. So let's check it out!
What Is KuCoin?
KuCoin is also known as the "People's Exchange" because it is built for all classes of cryptocurrency investors from novices to professional traders and investors. According to CoinGecko and CoinMarketCap, KuCoin is one of the TOP 5 cryptocurrency exchanges with over ten million users in more than 200 countries and regions worldwide. KuCoin currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, and Lending.
KuCoin is a TOP cryptocurrency exchange for trading rare altcoins as it supports a wide variety of more than 600+ tradable assets. You can find many altcoin gems that are only listed on KuCoin or had at least their primary listing on KuCoin like $BLOK, $CHMB, $KMA, $DAO, and, one of my favorites, $DFI, just to name a few. This makes KuCoin the perfect place to hunt low market cap gems. I already explained my strategy to find low market cap gems on KuCoin. In case you have missed this post then you can still check it out here: Finding Low Market Cap Gems On KuCoin 💎
On KuCoin, you can also put your crypto to work to generate a passive income stream. One of these KuCoin Earn features besides the popular Lending service is the BurningDrop. This is exactly what this post is about.
What Is KuCoin BurningDrop?
The KuCoin BurningDrop is a chance to get your hands on some rare cryptocurrency gems at beneficial prices. This unique feature of KuCoin is a kind of fair token distribution platform where users can farm new cryptocurrency gems for free by locking cryptocurrencies for just 20 days. Frequently, you can lock either $USDT, $ETH, or $KCS to farm the new cryptocurrency gem.
In general, it is always good to hold some $KCS on KuCoin as it gives you certain benefits like a trading fee reduction of 20%.
What Makes The KuCoin BurningDrop So Popular?
If you want to participate in a BurningDrop on KuCoin then you need to set yourself a timer because these events are extremely popular and work on a first-come, first-served basis. The number of subscriptions for the KuCoin BurningDrop event is limited and no subscriptions beyond the limit will be accepted. However, when you look at the all-time high return of investment of the TOP 12 past projects from KuCoin BurningDrop, you quickly recognize that it is definitely worth setting yourself a timer for this profitable event.
The new cryptocurrency gems that you can get from KuCoin BurningDrop are usually the world-premiere tokens that will be listed on the exchange. Participation in the BurningDrop event is super easy and the potential to make a good profit from these rare cryptocurrency gems is huge.
How To Participate in KuCoin BurningDrop - Explained Step by Step
Participating in a KuCoin BurningDrop is fun and easy. Of course, what you need is an account at the KuCoin exchange. If you are for some crazy reason not registered on KuCoin yet, you can use my referral link with the invitation code 21vPud5 for signing up. When you use it, it will save you trading fees each time you perform a trade on KuCoin. Don't forget about this possibility when you introduce a friend to cryptocurrency as it will save both of you some money.
Log into your KuCoin account and navigate to the "KuCoin Earn" tab and then click on "BurningDrop".
Of course, you can also use the KuCoin mobile app for Apple or Android to access the BurningDrop page. Here you will find an overview of all upcoming, ongoing, and ended projects.
Make sure that you arrive on time to the BurningDrop event, choose the coin ($USDT, $ETH, $KCS) and the amount that you want to stake. The staking period of 20 days is set.
Enter your KuCoin Trading password and confirm the stake. That's it.
Once you have successfully staked your coins, you can check all details of your stake under the tabs "Assets" and "Financial Account".
The rewards will be distributed to your KuCoin Main account before the new crypto gem starts trading.
During the burning acceleration period, you can also burn POL to increase the computing power and get more rewards. That's why the whole event on KuCoin is called BurningDrop.
The BurningDrop is one of my favorite features on KuCoin and I believe that you will like it, too! KuCoin is famous for rare cryptocurrency gems and the BurningDrop is a fun way to earn some of them for free.
As you are earning crypto here on Publish0x, you should already have your KuCoin Account set up, at least for your $AMPL payouts from Publish0x. However, if you are for some crazy reason not registered on KuCoin yet, you can use my referral link with the invitation code 21vPud5 for signing up. When you use it, it will save you trading fees each time you perform a trade on KuCoin. Don't forget about this possibility when you introduce a friend to cryptocurrency as it will save both of you some money.
If you like to keep yourself up to date with the latest developments on KuCoin or new Burning Drop events, I recommend following their social media like Twitter or KuCoin's official blog here on Publish0x.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of BurningDrops on KuCoin and my intention is not to replace your own research. However, this article really reflects my own opinion.
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