KuCoin Labs announced a strategic investment to MojitoSwap, the first DEX on the KCC chain, to support the more comprehensive development of MojitoSwap in the KCC ecosystem. This investment is KuCoin Labs’ first round of investment in MojitoSwap and is also the first time that KuCoin Labs directly invested in the KCC ecological native project.
The investment from KuCoin Labs will better assist MojitoSwap in improving its products, operations, branding, and liquidity. In the future, MojitoSwap will gradually improve the liquidity mining mechanism, expand support for NFTs, and create a more friendly product experience for the users. At the same time, MojitoSwap will also accelerate the support for native and cross-chain currencies on the KCC chain, and more projects will be launched on the MojitoSwap Launchpad.
Latest Fintech News: BMO Harris Bank Refreshes Cash Back Mastercard with More Value and Enhanced Benefits
It is worth mentioning that this round of KuCoin Labs’ investment in MojitoSwap will gradually open up a more diversified form of resource exchange between KuCoin Exchange, MojitoSwap, and KCC, helping KuCoin to strengthen its in-depth development in the field of decentralized ecology.
MojitoSwap was officially launched in October 2021 and successively launched functions such as Trade, NFT, Launchpad, etc. And in a short period of time, it achieved the No. 1 TVL and user rankings on the KCC chain. With the support of the KCC community, MojitoSwap has become one of the most anticipated comprehensive DEX on the KCC chain with its rich layout of product functions.
Not long ago, MJT (MojitoSwap’s platform currency) was officially launched on KuCoin, which is the first time that KuCoin has supported a KCC ecological native project. At the same time, MojitoSwap Launchpad also completed the IDO sale of the virtual mining project CoolMining in the first two weeks and assisted CoolMining in obtaining nearly one million US dollars in sales within a few hours.
MojitoSwap CMO Gloria said: “MojitoSwap, as the first DEX on the KCC chain, is honored to have the support of KCC community users and KuCoin Labs. MojitoSwap is one of the basic protocols on the KCC chain. At the opening of the KCC Unicorn Contest, I hope to use this investment to cooperate with more KCC ecological projects to jointly build the future of MojitoSwap and KCC. At the same time, we will also focus on promoting the further development of DeFi, GameFi, Web3, and NFT-related tracks.”
Latest Fintech News: Volatility In Bitcoin Sees Increase In Trades
[To share your insights with us, please write to sghosh@martechseries.com]
