Kaspa Foundation Plans to Lead Investment, XT.COM Exchange Plans to Follow-up Investment to Support KRC-20 DEX and Wallet Construction

In breaking news, at last night’s Kaspa Networking Night event in Hong Kong, XT.COM declared a 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 developing 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.

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

Kaspa has rapidly gained traction with its innovative KHeavyHash algorithm. This algorithm enables 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 “Generic SC” plan 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.

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XT.COM’s investment department, XT Labs, is set to establish a fund dedicated to supporting the Kaspa ecosystem. The fund is currently valued at an impressive $100,000 and has the 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 offers streamlined, centralized trading avenues for KRC-20 projects and 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 crypto exchange 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 contributing 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:

• Co-supporting projects within the KRC-20 ecosystem for listing.
• Collaborating extensively within the Chinese-speaking community to bolster the influence of the Kaspa ecosystem.
• 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.

These initiatives aim 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 crypto exchange has consistently ranked 6th in derivatives on CMC. With a vast user base of over 78 million registered users and more than 1 million monthly active users, XT.COM offers extensive trading options with over 800 tokens and 1000+ trading pairs. The platform prioritizes a secure, intuitive trading experience, featuring cryptocurrency futures trading (USDT-M and Coin-M perpetual futures) and a one-click copy trading tool that lets users follow top traders in real-time.

Website: https://www.xt.com/en

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Telegram: t.me/XTsupport_EN

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