Today, MojitoSwap and KuCoin reached an agreement: KuCoin will open the deposit service of MojitoSwap’s native token, MJT today. It will also add two trading pairs — MJT and KuCoin’s native token, KCS, as well as MJT and Tether (USDT) — to the KuCoin Spot market on Feb. 11, 2022.
MojitoSwap is number-one in total value locked (TVL) and the largest decentralized exchange (DEX) on the KuCoin Community Chain (KCC). Since MojitoSwap’s official launch in October 2021, it has gained the support of many KCC community members, touting a TVL of more than 40 million in two months, — close to 60% of KCC’s TVL.
MojitoSwap has designed a comprehensive outline for its product and feature launches in trading, Bar and Wine Pools, referrals, nonfungible tokens (NFT) and more. Currently, MojitoSwap’s liquidity-mining annual percentage rate remains at around 200%. Its NFT profile was launched a few days ago, allowing users to buy their favorite NFTs and sign them. Additionally, MojitoSwap is working on a launchpad feature it plans to launch soon, with additional features coming to MojitoSwap in the future.
MJT’s total supply is 100,000,000 and 75% of that will be issued through mining, including Bar and Wine Pools, and Swaceswap’s native token, SHAKE. The current daily supply of MJT is 86,400 and decreases by 20% in mining rewards every 180 days.
MojitoSwap has previously partnered with KuCoinWin with excellent results. MJT’s listing on KuCoin means a stronger future partnership between the KCC community and KuCoin.
Leandre, head of KCC, said, “We are very pleased to see this partnership between KuCoin and MojitoSwap, which will help bring more digital currency enthusiasts to KCC. At the same time, we hope to see more great KCC eco-projects achieve similar successes.”
MojitoSwap is a DEX developed by a group of KCS community members and aims to offer easy access to the KCC decentralized finance (DeFi) ecosystem. MojitoSwap’s team consists of technical experts who previously worked for large internet enterprises with experience in blockchain development, and senior research analysts who are deeply engaged in multiple blockchain projects and possess an in-depth understanding of the DeFi ecosystem, tokenholders and early investors of Bitcoin (BTC) and Ether (ETH). Learn more about MojitoSwap.
Launched in September 2017, KuCoin is a global cryptocurrency exchange for more than 600 digital assets. It currently provides spot, margin, peer-to-peer fiat and futures trading, staking and lending to its 10 million users in 207 countries and regions worldwide. In 2018, KuCoin secured $20 million in round-A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently in the top five crypto exchanges. Also, Forbes deemed KuCoin as one of 2021’s Best Crypto Exchanges.
KCC is a public chain project initiated and built by the developer community of KCS and KuCoin, aiming to solve the network latency and high gas fees of the Ethereum network. It is Ethereum-based and Ethereum Virtual Machine- and smart contract-compatible, with the goal of providing community users and developers with higher speeds, more convenience and a lower-cost blockchain experience.