KuCoin has opened early access to the non-custodial wallet KuCoin Ecosystem Wallet, which is part of the KuCoin Community Network Leaf Exchange, KuCoin Pool Mining Pool, and Windvane NFT Marketplace.
A non-custodial cryptocurrency wallet retains the creator of the address in full control of their funds, since it does not transfer their private keys to anyone. It means that application cannot freeze or manage user funds, but it is not responsible for their safety.
“KuCoin Wallet is integrated with Windvane so that users can buy, store and view their NFT collections directly in the wallet,” said KuCoin CEO Johnny Liu.
Users can send, receive, and store cryptocurrencies, as well as interact with DeFi protocols and other Web3 applications. In addition, the developers have built NFT support into the wallet.
Let’s figure it out
Most people know about KuCoin primarily as a cryptocurrency trading platform. Let’s explore another elements.
KuCoin Community Chain (KCC) is a high-performance and decentralized public chain built by communities. The idea based on go-ethereum with the purpose of providing community users with a higher-speed, convenient and low-cost blockchain user experience.
KCC has some important features, such as:
- Full compatibility with Ethereum and ERC-20 smart contracts, with very low migration costs
- $KCS is the only native token and can be used as a gas fee payment
- Higher chain performance achieved with 3-seconds block and Proof of Staked Authority (PoSA) consensus algorithm
The mission is “to accelerate the flow of value around the world without boundaries”
The KuCoin pool is a high performance mining pool that supports Proof of Work (PoW) assets. The platform provides users with one of the best fee payments (only 2%) and computed algorithm to achieve high mining efficiency. Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) are currently supported.
The KuCoin pool works with FPPS (The Full Pay-per-Share) calculation method that is focused on payment for found blocks, in which the pool also distributes transaction fees among the miners, which adds 10-20% to their income.
Windvane NFT Marketplace. As a comprehensive NFT trading platform, it supports a launchpad, mint, trade, and management functionalities. The platform’s professional function services for all needed abilities of NFT traders and lovers, such as listing of promising projects, extremely low fees, priority whitelists, and the highest degree of security.
That all means full immersion of the wallet in the ecosystem and the well-established work of all elements relative to each other. Special attention was paid to safety. An independent audit of the application was carried out by Hacken specialists.
KuCoin is a Seychelles-based spot, margin and P2P cryptocurrency exchange that supports over 700 assets and serves 18 million users in 200 countries.
