In my last post, I wrote about the KuCoin BurningDrop which is a Lauchpool for new cryptocurrency gems. This post is about the KuCoin Spotlight which is a Launchpad for new tokens and another great possibility to make a profit.
Let me explain what KuCoin Spotlight is and how it works.
What Is KuCoin?
According to data from 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. That's why I suppose that you are already familiar with KuCoin, especially as a Publish0x user. As you Publish0x user, you have the possibility to withdraw your earnings directly to KuCoin. Withdrawals to KuCoin are beneficial because they happen more often and the minimum amount is much lower than on-chain withdrawals.
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. 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 here in one of my older posts: Finding Low Market Cap Gems On KuCoin 💎
Also The Ascent recently recognized that KuCoin is one of the best altcoin exchanges for 2022.
What Is KuCoin Spotlight?
The KuCoin Spotlight is a token Launchpad that allows you to invest in new cryptocurrency projects before they have even launched. It is a special kind of Initial Coin offering (ICO) or Presale. Since 2019, 21 projects have successfully launched on KuCoin Spotlight. The 22nd project called Pikaster is currently launching on KuCoin Spotlight.
If you want to acquire the new token rewards from the KuCoin Spotlight then you need to hold the KuCoin token $KCS. It is the one and only token that is supported to join the Spotlight token sale, so you really need to hold some $KCS on KuCoin. Frequently, you need to hold a minimum of 100 $KCS tokens.
In general, it is advisable to hold some $KCS on KuCoin as it gives you several benefits on the exchange like a trading fee reduction of 20% or daily bonuses.
Another great possibility to earn new cryptocurrency gems on KuCoin and similar to the KuCoin Spotlight is the KuCoin BurningDrop. I already wrote about this feature in one of my recent posts and in case you have missed it, you can still check it out here: How To Earn Cryptocurrency Gems With KuCoin BurningDrop
What Makes The KuCoin Spotlight So Popular?
The Spotlight events on KuCoin are extremely popular. Participation is easy because basically, all you have to do is hold $KCS on the exchange.
You have the chance to get new cryptocurrency gems with issue prices. By being an early investor you have a high chance of higher returns on your investment. When you look at the all-time high return of investment of the past projects from KuCoin Spotlight, you quickly recognize that participation in a KuCoin Spotlight event can be extremely profitable. A number of projects from past Spotlight events have achieved an amazing performance. Check out this tweet.
The new cryptocurrency gems that you can get from KuCoin Spotlight are usually the world-premiere tokens that will be listed on the exchange. In this way, the KuCoin Spotlight is similar to the BurningDrop. The potential to make a good profit from these rare cryptocurrency gems is huge.
How To Participate in KuCoin Spotlight - Explained Step by Step
Participating in a KuCoin Spotlight event is fun and easy. Of course, what you need to have if you want to participate in any event on KuCoin 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.
Then you need to have passed the advanced verification KYC2 before you participate in any KuCoin Spotlight event. I recommend doing this as soon as possible as it can take one to three business days to review.
Log into your KuCoin account and navigate to the "KuCoin Earn" tab and then click on "Spotlight".
On the main page of the KuCoin Spotlight, you will find an overview of all new ended, ongoing, and future projects.
Currently, you still have time to join the ongoing Pikaster Presale on the KuCoin Spotlight. Pikaster is already the 22nd project that is launching on KuCoin Spotlight.
There are two ways to be a qualified participant in the Pikaster Presale on the KuCoin Spotlight. You either need to hold a minimum of 100 $KCS or you complete all the tasks here on gleam.
Then always make sure to double-check the Spotlight details including eligibility, time, and issuance amount. When you meet all three criteria of KYC2, Supported Country, and Agreement to the purchase, you are ready to participate.
To join the KuCoin Spotlight event, simply click the green "Participate Now" button. When you have successfully qualified for this token sale then you will see the notification that says "Participated Successfully".
Keep in mind that you need your $KCS to participate in the presale. After the allocation calculation is completed, KuCoin will deduct the corresponding amount of $KCS from your account based on your final token allocation and distribute the new token. Shortly after the distribution has been completed, the trading starts on KuCoin.
Besides the KuCoin BurningDrop, the KuCoin Spotlight is one of my favorite features on KuCoin and I believe that you will like it, too! It is an awesome opportunity to get your hands on the next 100x low market cap gem before it even has entered the market.
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 like new projects launching on the Spotlight, I recommend following their social media like Twitter or KuCoin's official blog here on Publish0x.
Another great way to earn new cryptocurrency gems on KuCoin is the BurningDrop. I already covered the BurningDrop on KuCoin in a separate post. In case you have missed it, you can still check it out here: How To Earn Cryptocurrency Gems With KuCoin BurningDrop
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of the Spotlight feature on KuCoin and my intention is not to replace your own research. However, this article really reflects my own opinion.
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