Million

Coin

<ul class="news-points"> 
 <li>KuCoin CEO announced that the exchange will be airdropping $10M in BTC and KCS</li> 
 <li>FUD caused users to withdraw more than $1 billion from KuCoin</li> 
 <li>Lyu stated that KuCoin stayed loyal to its motto the “People’s Exchange”</li> 
</ul> 
CEO of KuCoin Exchange Johnny Lyu <a href="https://twitter.com/lyu_johnny/status/1773037541803065388?s=46" target="_blank" rel="nofollow">announced </a>that KuCoin will be air-dropping $10 Million worth of KCS and BTC. In Lyu’s words: “To express our profound gratitude for your support and patience, KuCoin will launch a special airdrop event totaling 10 million USD in <a href="https://www.kucoin.com/kcs" target="_blank" rel="nofollow">KCS</a> and BTC” 
In particular, this announcement comes after KuCoin was slapped with allegations from both the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission(CFTC).&nbsp; 
With the allegation against KuCoin, fear, uncertainty, and doubt (FUD) took the better of many users and as a result, KuCoin saw around $1 billion in <a href="https://coinedition.com/kucoin-witnesses-significant-withdrawals-after-founders-indictment/">crypto being withdrawn</a>, causing a 20% drop in assets under management. 
Addressing the issue and thanking the loyal users, the CEO of KuCoin stated in a <a href="https://www.kucoin.com/blog/letter-from-kucoin-ceo-10-million-airdrop-in-kcs-btc-in-thanks-to-community-support" target="_blank" rel="nofollow">blog post</a> on their official website: 
<blockquote class="wp-block-quote"> 
 I would like to express my gratitude to all KuCoin users, for your support, trust, and companionship during the past few days, as well as the pas…
</blockquote>
The post <a href="https://coinedition.com/kucoin-stays-true-to-its-motto-the-peoples-exchange-with-10m-airdrop-compensation/">KuCoin Stays True to Its Motto “The People’s Exchange” With $10M Airdrop Compensation</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

KuCoin Stays True to Its Motto “The People’s Exchange” With $10M Airdrop Compensation

Coin Edition

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