October 28, 2024, Hong Kong, China

In breaking news, at last night’s Kaspa Networking Night event in Hong Kong, XT.com is happy to announce the strategic partnership with the Kaspa Foundation, becoming the first and only centralized exchange supporting the KRC-20 ecosystem. This collaboration was officially unveiled in Hong Kong, marking the beginning of a new era for the Kaspa ecosystem.

The Kaspa Foundation announced plans to lead investments in the development of decentralized exchanges (DEX) and wallets within the KRC-20 ecosystem. This initiative aims to drive positive growth within the Kaspa ecosystem, creating more opportunities for development and interaction among Kaspa ecosystem projects.

Table of Content

Kaspa Foundation: Revolutionizing the Blockchain Ecosystem with the Creation of the KRC-20 Standard

XT.COM: Establishing a $100,000 KRC-20 Ecosystem Support Fund, Creating an Exclusive Gateway to the KRC-20 Ecosystem

Future: Accelerating the Development of Decentralized Exchanges (DEX) and Wallets

Kaspa Foundation: Revolutionizing the Blockchain Ecosystem with the Creation of the KRC-20 Standard

Kaspa has rapidly gained traction with its innovative KHeavyHash algorithm. The to enable efficient GPU and FPGA mining, allowing miners to participate with low barriers and reap substantial rewards. This has rapidly garnered attention for Kaspa in the PoW space. With Kasplex introducing the KRC-20 standard, Kaspa is accelerating the development of a scalable, adaptable ecosystem to support a greater array of decentralized applications (dApps).

During last night’s event, the Kaspa Foundation unveiled its plan for the “Generic SC” and delved into the significance of KRC-20 construction. Acting as an interim medium until the mainnet’s VM and smart contract plans are realized, Kasplex has (1) demonstrated the stability of the Kaspa network (high TPS under 1BPS) and (2) enriched Kaspa’s on-chain ecosystem.

The strong support for decentralized exchanges (DEX) within the ecosystem signifies the Kaspa Foundation’s commitment to driving ecosystem growth, heralding an increasingly vibrant environment within the Kaspa ecosystem.

XT.COM: Establishing a $100,000 KRC-20 Ecosystem Support Fund, Creating an Exclusive Gateway to the KRC-20 Ecosystem

XT.COM’s investment department, XT Labs, is set to establish a fund dedicated to supporting the Kaspa ecosystem, currently valued at an impressive $100,000 with potential for further additions in the future. In addition to driving the development of decentralized exchanges (DEX) and wallets within the KRC-20 ecosystem, XT.COM will strongly back projects within the KRC-20 ecosystem, actively offering ecosystem benefits through airdrop events, facilitating listing channels for projects, and providing listing incentives for ecosystem projects.

This collaboration marks a significant milestone for XT.COM, positioning it as the premier exchange for trading KRC-20 tokens. As the sole centralized exchange supporting the KRC-20 ecosystem, XT.COM not only offers streamlined, centralized trading avenues for KRC-20 projects but also presents users with fresh opportunities within the Kaspa ecosystem. Leveraging XT.COM’s robust innovation, advanced security measures, and millions-strong active community, XT.COM will effectively drive the positive development of the KRC-20 ecosystem and its projects.

XT.COM boasts over 7.8 million registered users and 1 million monthly active users. Consistently ranking 6th in derivatives on CMC, XT.COM ensures a seamless cryptocurrency trading experience for global users with its experienced trading team and advanced, robust technological infrastructure. Continuously providing comprehensive support for the crypto ecosystem, XT.COM stands out as an ideal partner for Kaspa, offering multifaceted support that contributes to the ecosystem’s growth.

Future: Accelerating the Development of Decentralized Exchanges (DEX) and Wallets

Both parties are vigorously driving the implementation of the 【Extension/App Wallet】【Marketplace/DEX】to fruition, a topic that captured significant attention at last night’s event in Hong Kong. The DEX will swiftly realize two foundational functions, the marketplace, and dashboard, facilitating rapid ecosystem interaction for on-chain users. This initiative aims to address the security and convenience issues associated with Bot trading, with plans for expanding into diverse scenarios in the long term, including the development of Lending and Staking functionalities. Additionally, stable coins will be introduced to support the ecosystem. These long-term features not only enhance the project’s development potential but also significantly boost the earning capacity of the Kaspa mining community.

This collaboration merely marks the beginning of a long-term partnership between XT.COM and the Kaspa Foundation. Both parties are committed to launching a series of joint initiatives, including:

1. Co-supporting projects within the KRC-20 ecosystem for listing.

2. Collaborating extensively within the Chinese-speaking community to bolster the influence of the Kaspa ecosystem.

3. Leveraging highly anticipated airdrop events to activate project collaborations and community engagement, thereby sparking interest among crypto participants in the KRC-20 ecosystem and attracting a broader audience of developers, traders, and blockchain enthusiasts.

Through these initiatives, the goal is to spark interest among crypto participants in the KRC-20 ecosystem and attract a broader audience of developers, traders, and blockchain enthusiasts within the Chinese-speaking community.

Stay tuned to the official channels of XT.COM and Kaspa for the latest updates.

About XT.COM

Founded in 2018, XT.COM serves more than 7.8 million registered users, more than 1 million monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is crypto futures trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as copy trading that allows users to replicate top traders in real time with just one click. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.