On Aug 3, 2022, Torches, the NO.1 lending protocol based on KCC, collaborated with KuCoin Win, the most popular game hub of KuCoin Exchange to organize a Guardian Star activity. During the activity, Users can complete one lucky draw by paying only 3 USDT and a 100% win rate to obtain prizes, which include Torches Genesis NFTs and USDT gift boxes.
KuCoin Win is a KCS ecosystem platform launched by KuCoin, which allows participants to access the promising blockchain projects at an early stage by a lower cost and fairer process. Torches, as the top decentralized lending protocol based on KCC, supports the mainstream crypto assets such as BTC, ETH, KCS, USDT, USDC, etc. In order to better serve investors, Torches has innovated an economic model where supplying and borrowing are rewarded with tokens. Currently, Torches has exceeded 10 million USDT in total supply and borrow within 30 days of launch.
From the new Guardian Star activity co-released by KuCoin Win and Torches, users only need to pay 3 USDT for a luck draw to win the rewards of which covers Torchlight NFTs and USDT. Torchlight, as the Genesis NFTs of Torches, can be used in multiple ways: In the MojitoSwap NFT Marketplace, users can trade directly with the floor price of Legendary Torchlight (SSR) around 350 USDT; From the $TOP mining activity, users can boost $TOP mining with up to a 900% mining rate by burning Torchlight NFTs. So far, the activity has entered the third round, and the first $TOP Boosting rewards have been airdropped on August 1st; Also, the IDO allocation of $TOR (Torches token) in the late stage will favor the Torchlight NFTs holders.
Eric Spark, the CMO of Torches Finance, said:“ As the lending protocol on KCC invested by KuCoin Ventures, Torches is expected to provide efficient, easy-to-use, and low cost lending services to users of KuCoin and the entire crypto world, aiming to improve everyone's asset utilization and accelerate the speed and breadth of value flows. Through the cooperation with KuCoin Win, users have the opportunity to obtain high-value Torchlight NFTs at lower cost, so as to further experience the decentralized ecosystem. In the future, we hope to cooperate with the KuCoin ecosystem to provide users with decentralized and centralized one-stop linking services.”
According to official information, Torches was strategically invested by KuCoin Ventures, the leading investment arm of KuCoin Exchange and also deeply cooperates with KuCoin Wallet. Although Guardian Star activity is the first collaboration between Torches and KuCoin Win, in fact, it is the third in-depth cooperation between Torches and KCS ecosystem. The multiple collaborations mark the KCS ecosystem has provided more and more support to KCC, further improving the KCS ecosystem effect.
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