Sign Up
Select Language
English enDeutsch deУкраїнська ukPortuguês pt-brFrançais frItaliano itРусский ruNederlands nlEspañol esFilipino fil한국어 ko中文 zh
Logo
Ad
Finance
Share this article

KuCoin Community Chain Launches $50M Accelerator to Nurture Ecosystem Projects

The program will finance initiatives such as a developers bounty, hackathons, incubation funds, liquidity support and listing recommendations.

By Jamie Crawley
Updated May 11, 2023, 6:00 p.m. Published Feb 25, 2022, 1:56 p.m.
(Shutterstock)

The KuCoin Community Chain (KCC) has unveiled a $50 million accelerator program aimed at empowering projects in its ecosystem.

  • The program will finance initiatives such as a developers bounty, hackathons, incubation funds, liquidity support and listing recommendations, KCC announced Friday.
  • The KCC is a public chain project built by developers in the crypto exchange KuCoin community.
  • KuCoin's native token KCS is Ethereum-based and is one of many aimed at solving the problem of high gas fees (transaction fees) on the network. Holders of KCS (which stands for KuCoin Shares) receive a daily share of transaction fees accrued by the KuCoin blockchain asset exchange proportionate to the amount of tokens they hold.
  • The Singapore-based crypto exchange reached 10 million users in December, and records daily transaction volume of over $3 billion according to data by CoinGecko.

Read more: The Graph Backers Launch $205M Ecosystem Fund to Provide Grants to Dapp Builders

jwp-player-placeholder
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

KuCoinAcceleratorsEthereum
Jamie Crawley

Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.

X icon
Jamie Crawley

More For You

Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half

By Oliver Knight|Edited by Sheldon Reback
Jul 24, 2025
Alt

A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.

What to know:

  • Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
  • Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
  • Hacken urges real-time monitoring and automated controls to prevent operational failures.
Read full story