Major cryptocurrency exchange KuCoin has launched a Gas Revenue program on the KuCoin Community Chain (KCC), according to an official announcement posted Thursday, March 9th on their website.
Registration is now open for projects who wish to participate in the KCC Gas Revenue Program. Successfully registered projects will enjoy reduced gas fees on the KCC starting from March 15th.
We are excited to announce— KuCoin Community Chain (KCC) Official (@KCCOfficialTW) March 9, 2023
"KCC Gas Revenue Program"
⬇️⬇️⬇️https://t.co/KWJ1nu2EBT #BUIDL #KCS #kucoin #KCC
The program is meant to encourage on-chain production by reducing gas fees. Read more about KuCoin fees in our full review of the cryptocurrency platform.
The gas revenue ratio will be determined by combining the rating of the project track, the rating of the project’s development, the rating of length of the deployment, and the rating of the interaction data generated by the project.
Certain projects may enjoy elevated gas revenue between March 15th and May 30th.
Read more details in the official announcement.