KuCoin, an IDG-backed exchange, announces that Bitbns (BNS) will be its second Spotlight project this year. The project will conduct the token sale through the KuCoin Spotlight program on July 30, 2020.
As the native token of Bitbns, one of the largest cryptocurrency exchanges in India, BNS is a multi-protocol utility token by Bitbns. BNS aims at enabling the general masses to use crypto just like they use fiat in day-to-day transactions. BNS has completed four rounds of pre-public sales within 20 minutes and has use cases like shopping on Amazon and other E-commerce sites, paying the electricity bill and enjoying trading fee discounts on Bitdroplet, a platform backed by Bitbns that allows you to invest in Bitcoin using SIP strategy in multiple fiats like USD, EUR, GBP, INR, THB and AED.
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Founded in December 2017, Bitbns has become one of India’s largest cryptocurrency exchanges. Its co-founders all graduated from IIT. Bitbns has attracted over half a million users within a year of its inception, and also holds the accolade of being the first exchange in India that listed 50+ cryptocurrencies within a year of its launch.
“As one of the most global exchanges, KuCoin is committed to promoting the globalization of blockchain and crypto. After India announced the lift of the crypto ban in March, KuCoin launched a $50 million support plan to boost the development of the Indian blockchain industry,” says Johnny Lyu, CEO of KuCoin Global. “India has become one of the most important markets for crypto. And Bitbns has ushered in unprecedented opportunities. KuCoin is very happy to witness and participate in the development of Bitbns. It is thrilled to launch BNS, a project with real potential, on our Spotlight platform.”
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