Kucoin Crypto Exchange Adds VID Token on Its Platform

KuCoin, the globally acclaimed cryptocurrency exchange platform, is all set to expand its network capabilities by the addition of popular social media video journaling platform Vid (VI) in the list of its esteemed trading partners.

According to the official news, the global customer base of the KuCoin exchange will be able to enjoy access to the Vid platform on the cryptocurrency exchange. The exchange has rolled out a new trading pair on its network against the new addition of Vid on the KuCoin ecosystem. The trading pair launched is VI/USDT. As part of the integration between the two leading entities, the users will be given a golden chance to earn VI tokens for creating and sharing exciting videos on the Vid platform. The users will also get a fair chance to earn rewards by sending invites to their friends, colleagues, relatives, etc. which would help in boosting the popularity of the platform.

With the help of its variable injection model, Vid will strive to keep a balance between token usage and token supply in an efficient manner. One of the most intriguing features of Vid is its capability to auto-generate memories, which has made the platform evolve as a pioneer in the memory media industry.

Details about the VI Token Listing

  • Token Name- Vid (VI)
  • Token Type- ERC-20
  • Starting time for deposits- March 6, 2020, at 16:00 (UTC+8)
  • Starting time for trading- March 6, 2020, at 18:00 (UTC+8)
  • Starting time for withdrawal- March 6, 2020, at 22:00 (UTC+8)
  • The users shall be able to use the Vid’s VI wallet for staking purposes. The rewards shall be given after thirty days of completion.

Recently, on March 1, 2020, KuCoin upgraded its trading system to safeguard its customers from sudden fluctuations in the crypto market as well as capital losses that occur due to unplanned large transaction orders.