Home CryptoNews The First Round of EOSForce KuCoin UpStake Program Has Concluded

The First Round of EOSForce KuCoin UpStake Program Has Concluded

According to a tweet update by the official Twitter account @KuCoinUpdates of KuCoin, the first round of KuCoin’s upstake program where EOSForce is the first project has concluded. KuCoin has selected EOSForce (EOSC) as the first project for his upstake program and this project received a very enthusiastic response from the community after its launch.

The EOSForce (EOSC) project has reached the minimum threshold which had to be reached to qualified for the listing. This project completed the deposit task with an excess of 140% deposit amount and a 60% deposit users than the minimum required. Now the KuCoin exchange will open trade for EOSC/USD pair on August 8, at UTC+8.

The KuCoin exchange made an announcement on July 30, 2019, that the exchange is going to launch EOSForce (EOSC) as the first project for its upstake program. According to this announcement, the users could deposit the recommended token to KuCoin from July 30, 2019, to August 6, 2019. If both the token amount and the number of people depositing the token reached the required amount within this period, the project would become eligible for listing.

KuCoin Announcement
Image from @KuCoinUpdates Twitter account

The minimum number of deposit users for this program to be qualified for listing on KuCoin was 1000 but this number was 1611 at the end of the specified time period. The required amount of token deposited was 3,600,000 EOSC but the total amount on the 6th of August was 8,767,870.8433 EOSC. The minimum amount for each deposit was 100 EOSC and each transaction for deposit should be done by Blockchain. Now the minimum requirements are fulfilled, EOSC will be listed on KuCoin.

The KuCoin exchange will also continue to support the EOSC Soft Staking program which is a cashback investment program for EOSForce (EOSC) Holders. This program was launched by KuCoin to maximize the benefits for users holding EOSForce (EOSC) on the platform. According to this program, KuCoin will try its best to assist its users to seek the maximum profit in the EOSC mainnet staking process with the objective to not affecting EOSC token withdrawal.

EOSForce is trying to explore more options in current crypto-economy infrastructure. EOSC is the token of an EOS mainnet launched by EOSForce community and it is very different from EOS. EOS was launched by EOS mainnet but it was by EMLG group, not by EOSForce community.

Carlos Teodoro
Carlos Teodoro
Cryptocurrency enthusiast and everything they represent, Carlos is responsible for writing articles, creating images and belongs to the Crypto Economy team since 2017. He is also in charge of the commercial department, social networks and the revision of translations. Carlos continues to train every day to become an expert in the blockchain.
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