With the development of the public chain and the growing adoption of blockchain technology, public chains initiated by crypto exchanges are getting more
KCC also took a lot of measures to increase the democracy of the Chain and to further achieve DAO governance. On October 21, 2021, the KCC GoDAO Foundation was established. GoDAO gives everyone an equal opportunity to join the community and grants them the right to vote for important decisions.
In general, KCC Validator Election is a major adoption of the POS mechanism. But on top of POS, it gives the current node enough rights. By enjoying the benefit of gas fee dividends, investors are more willing to hold their KCS. At the same time, since users voted for validators with only a minimum voting amount of KCS. It further enhances the desire of investors to hold KCS in the unstable market.
Furthermore, KuCoin Ventures’ investment in Torches marks KCC’s dedication to building a strong DeFi infrastructure. It is reported that Torches received investment from KuCoin Ventures only 10 days after its launch. Then Torches formed a partnership with KuCoin Wallet on July 9. KuCoin Ventures described itself as to “discover the most revolutionary project of Web3.0 ”. And Torches, as a lending protocol on the KCC, is most likely one of that product.
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