Boca Chica and KuCoin Labs Collaboration
KuCoin exchange has confidently blasted into TOP 5 exchanges and is bound to moor their ship there indefinitely. Being one of the most traded platforms, KuCoin decided to ramify and foster a new exciting branch of development namely incubation of new projects, investment in promising ventures, and doing rigorous market research. KuCoin Labs being an immediate incubator and research arm of KuCoin, bears the above-mentioned responsibility. In other words, KuCoin now stands at the frontier of innovation in the crypto space, and aids in promoting and navigating up-and-coming projects into the uncharted crypto market.
KuCoin has yet to dabble into Solana-based projects despite recently Solana becoming a formidable opponent in the Blockchain arena. This ties nicely with the goal that Boca Chica sets out to attain — sowing seeds and helping with the unrelenting growth of Solana ecosystem. This is exactly what makes this triad of partnerships so synergistic. KuCoin joining forces with Solana and Boca Chica signify a turning point for upcoming Solana-based projects in that now KuCoin Labs becomes one of the main seed investors for projects incubated on Boca Chica IDO platform. There are two main takeaways to be derived then:
Firstly, projects on Boca Chica will now have an enviable privilege of getting on the KuCoin radar early on. This in turn also means early and sufficient funding, potential listing opportunity, and an increased trust factor.
Secondly, Solana-based projects and the ecosystem in general will benefit quite significantly from conjoint IDO platform and now with KuCoin being one of the first seed investors — this raises the bar even higher.
Why Solana?
Solana has been the center of attention for quite some time now. Not only as one of the most innovative pillars of the contemporary cryptocurrency market but also as a leading triumphator in the scalability and transaction validation department. What makes Solana so special is a cornucopia of invariably strong aspects that are currently being lionized in crypto. Specifically, its speed, congestion resistance, and growth.
By and large, Solana has eluded its opponents with innovative implementations of PoH (Proof of History — validation method that factors in passage of time between hash executions as the main determinator), and PoS consensus (democratic voting system with Validators), presenting a case for one of the best Blockchain solutions currently available.
What Makes Boca Chica Unique?
The most essential and salient element of Boca Chica is ditching a rooted norm of token use. Instead, Boca Chica will have a ticket-like functionality called Boca Chica ticket. This type of asset will not be used as a financial instrument that can be traded or exchanged. In this vein, the whole process will be considerably simplified for entrants of the platform as they won’t need to get their hands dirty in scavenging IDO tokens from exchanges, sending them to the wallet, and only after this whole ordeal getting them staked to participate in IDO. Boca Chica is also unique in a way that allows an uninhibited “matchmaking” with Capital Investors. Boca Chica streamlines it and connects project leaders directly with Capital Investors which makes it even more attractive for promising projects to be launched by Boca Chica platform.
📰 INFO
https://medium.com/i-am-hapi/boca-chica-and-kucoin-labs-partnership-c6a8e90b9b09
