Finding promising new cryptocurrencies is very easy in KuCoin, A gem is a promising new cryptocurrency backed by a good project, which once launched its initial offering, you can acquire the token and as they are listed on the exchanges its value increases considerably, Kucoin has sections where we can locate new releases and new cryptocurrencies, that makes it much easier to find new gems, a process that we will describe in this content, however finding a gem is not so easy, it requires a strategy for it, then I will first describe my personal strategy. Which consists of doing a whole research about the project to invest in.
I divide the strategy in two
- If it is a new cryptocurrency, in the Kucoin platform it is very easy to search for them.
Select the Markets option to go to the main Kucoin markets page.
Your link
https://www.kucoin.com/markets?spm=kcWeb.B1assets.Header3.1
https://www.kucoin.com/new-cryptocurrencies?spm=kcWeb.B5markets.newCoinButton.1
Additionally I recommend going to companies like coinmarketcap where you can study more the project, in that sense see their white paper, where the project is described in detail, its route of work, also see in etherscam how your buyers are distributed, this to verify that the majority is not held by one person, because if this person decides to sell everything, the prices will plummet.
- If you select one of the newly promoted projects you will be able to see vital information about the project e.g. selected WomBat listed in July
Taking the methodology described above, I have taken the task of briefly describing the following cryptocurrencies, listed in July and August
- WOMBAT. Project launched in the area of video games, basically for video games on the web 3, games on ethereum and Eos, has its own wallet, the project has more than 2 million user since its launch to date, has generated more than 1. 2 million NFT token, it has yet to position itself more in the market, it has good presence in social networks, its utility token on which its economy moves is the WOMBAT, although the project was launched in 2019, the token has started movements in 2022, at the time of writing this review it has a value of 0. 0101 dollars, a trading volume of 582,000 dollars approximately and in this month of July it reached its all-time high on July 29 at 0.0160 and four days later falls to its all-time low of 0.0084 losing 18% of its value
- OGV, Token economy of a decentralized defi platform whose purpose is to facilitate trading on the blockchain, was launched in 2017, its main objective is to facilitate the masses to trade NFT token and allow a majority access to decentralized finance, behind the project are investors and entrepreneurs of the silicon valley, all of great recognition. At the time of writing this content the OGV token hovered around $0.0068, an approximate trading volume of $716,000, and in July had its all-time high of $0.0336 to 15 days later lost to $0.0048 on July 27. In these first days of August it has had a rebound.
- FIDA, decentralized project whose purpose is to facilitate trade based on the Serum protocol based on the Solana blockchain, chain on which the FIDA token is based, unfortunately its white paper is not available to provide more detail, at least for now, however I can say that the token has had good performance in recent days, its current price is 0. 5859 dollars with an increase of 13% in the last 24 hours, an average capitalization of 26 million dollars and a good trading volume that is around 48 million dollars, good option to invest.
- LDO, One of the best prospects that you can find in these new KuCoin launches, it is a financial project that allows you a stakeout of the ETH coin from the ethereum chain, with no minimum deposits and allows you to earn profits as your blocked funds are used for loans, its founders are of recognized track records in successful defi projects, great backing, its LDo token can be easily traded, it has experienced a significant rise in recent days and generally a good performance since April this year 2022, currently its price is around 2. 68 dollars with a rise in trend of 3.34%, not bad for a moderate market, a market capitalization of around 828 million dollars, currently more than 7 billion have been blocked,
KuCoin Spotlight token sale, new pre-sales
In this section of Kucoin we can find what I call the pre-sales of cryptocurrencies, they are new projects whose tokens are not yet listed in any exchange and you will be able to acquire them at launch prices before their listing.
How to find the spootlight?
Each pre-sale in spotliht has its requirements, the Kucoin account must be verified, minimum KCS amount to invest and excluded countries.
Kucoin protects you from whales by assigning maximum quotas to buy per user.
For more information this very interesting link where the process is described very well.
https://www.youtube.com/watch?v=XHAvl38ZgbE
As far as projects are concerned, . Spotlight, Kucoin performs a selection process before deciding if a project will be listed.
* The team behind the project is evaluated.
* The project must be promising and contribute to the blockchain.
* The tokens must be anticipated so that they can be made available on a large scale.
* The tokens must have a single point of sale.
If they at least meet the above they can be entered into Kucoin's pre-sale or spotlight launch.
Another interesting product associated with the new listings
BurningDrop of KuCoin
Kucoin allows us to obtain new projects by participating in mining through staking, betting funds to the pool in which your funds are blocked to a previously determined time, at the end you will receive the cryptocurrencies of the selected project, the funds are invested in the POLs token which is the one used in Pool-x, this token is used to be burned and receive new tokens in exchange according to the chosen project, it is supported by the Pool-x platform as it operates on multiple chains.
Unlike the airdrop in this product does not require fundraising, just associate your project to Kucoin's BurningDrop and wait for investors who will bet token to this modality.
Kucoin does not accept just any project for this product, like spotligth the projects must meet minimum requirements previously evaluated in Kucoin,
* The team behind the project is evaluated.
* The project must be promising and contribute to the blockchain.
* Tokens must be anticipated so that they can be available on a large scale.
* The tokens must have a single point of sale.
If they at least meet the above, they can be entered into Kucoin's BurningDrop.
How do we enter the product?
Kucoin cryptocurrency exchange located among the top 5 exchanges worldwide and the second in operating with more cryptocurrencies, was founded in 2017, initially based only in Hong Kong, currently has presence in more than 17 countries around the world, South and Central America, Arab Emirates, India, Europe and Asian countries, which is why it supports more than 51 fiat currencies, this year included as a payment method to buy cryptocurrencies the Euro currency using the Sepa payment method, In this cryptocurrency exchange platform you can find more than 617 cryptocurrencies and operate with more than 1156 pairs, high volume of capital which gives it a great liquidity, its commissions are low compared to other exchanges, KuCoin offers one of the lowest commissions in the market, starting with a modest 0.1 percentage of commissions and does not charge commission for deposit, for many reasons it is among the 5 best and most reliable cryptocurrency exchange. Its interface is very user-friendly and anyone can join without much effort.
In its platform you have the functionalities available in the major exchanges, trading with the necessary tools, lending, staking, configuring boots and maintains commissions to operate among the lowest, recently the prestigious Forbes magazine ranked it as one of the leading cryptocurrency exchange and many call it "the exchange of people".
Earlier this year the company that evaluates financial products called The Ascent awarded it as the best cryptocurrency application.
There are several ways to earn money in Kucoin by holding cryptocurrencies, the main ones are:
- Staking, which is nothing more than keeping a cryptocurrency on deposit in a blocked way for a chosen time either 30, 60 or 90 days, earn a good return for it, these frozen amounts are used for mining processes, either to create new cryptocurrencies or pay commission to the miners for executing transactions. How do we enter the stakeout?
Loans, To earn money either by lending money to other users, you earn a return for it.
- Trading bot, Trading with the lowest risk and getting better profits using the automatic bot provided by Kucoin, you save a lot of time and effort with it.
Simply by holding KCS
Your KCS token has maintained this year a continuous growth, we observe data taken from Coingecko, that gives us a reason to invest or maintain this cryptocurrency and even more when in Kucoin you get a bonus for maintaining KCS, it is also indispensable to maintain amounts in KCS to be able to participate in presales and in BurningDrop of KuCoin.
Another reason to select this important exchange is how easy it is to buy cryptocurrencies using Fiat coins as a means of payment.
As we can see there are many reasons to select Kucoin as our primary exchange, of course to trade with Kucoin you must have a registered account, if you don't have one yet here is my referral link so you can register very easily
https://www.kucoin.com/ucenter/signup?rcode=r3UANN6
With your registration you will generally have certain benefits and bonuses.
Given all the benefits shown in this content, it is clear that the Kucoin platform is undoubtedly a must when it comes to cryptocurrencies, the products it offers, security, features and tools place it among the major cryptocurrency exchanges worldwide, especially if you want to invest and make money by finding new promising projects. The tools shown in Kucoin and the strategies to follow will be of great benefit to you, that's why they call it the people's exchange.
Motivated that the platform does not show the visits that the content has had to people who open the link to the publication, generally in my publications I place them at the end of the content.
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