According to the Daily Planet, at the Kaspa Networking Night event in Hong Kong yesterday, the Kaspa Foundation announced plans to lead the investment in decentralized exchanges (DEX) and wallet construction on the KRC-20 ecosystem, promote the positive development of the Kaspa ecosystem, and create more development and interaction opportunities for Kaspa ecosystem projects. XT.COM announced a strategic partnership with the Kaspa Foundation, becoming the first and only centralized exchange supporting the KRC-20 ecosystem. This partnership was officially unveiled in Hong Kong, ushering in a new era for the Kaspa ecosystem.

Kaspa Foundation: Creating the KRC-20 Standard to Innovate the Blockchain Ecosystem

Kaspa is well-known for its innovative KHeavyHash algorithm, which is designed to achieve efficient GPU and FPGA mining, allowing miners to participate in mining with a low threshold and obtain rich rewards, making Kaspa quickly gain attention in the PoW field. With the introduction of the KRC-20 standard by Kasplex, Kaspa is accelerating the construction of a scalable and flexible ecosystem to support more decentralized applications (dApps).

At yesterday's event, the Kaspa Foundation announced the Generic SC plan and also gave an in-depth introduction to the significance of KRC-20 construction. Before the mainnet's VM and smart contract plans are implemented, Kasplex serves as a temporary medium (1) to prove the stability of the Kaspa network (high TPS at 1 BPS) (2) to enrich Kaspa's on-chain ecosystem at present.

This strong support for the decentralized exchange (DEX) within the ecosystem indicates the Kaspa Foundation’s determination to promote the development of the ecosystem, and also indicates that the Kaspa ecosystem is becoming increasingly popular.

XT.COM: Established a $100,000 KRC-20 Ecosystem Support Fund to Create an Exclusive Entrance to the KRC-20 Ecosystem

XT Labs, the investment department of XT.COM, is preparing to set up a fund dedicated to supporting the Kaspa ecosystem. The current total value is as high as 100,000 US dollars, and additional funds will be added later depending on the situation. In addition to jointly promoting the construction of decentralized exchanges (DEX) and wallets for the KRC-20 ecosystem, it will also strongly support the development of projects within the KRC-20 ecosystem, actively provide ecological welfare airdrop activities, facilitate project listing channels, and actively provide listing discounts for ecological projects.

This collaboration marks an important milestone for XT.COM, making it the preferred exchange for trading KRC-20 tokens. As the only centralized exchange that supports the KRC-20 ecosystem, XT.COM not only provides a convenient and centralized trading channel for KRC-20 projects, but also brings new opportunities for users in the Kaspa ecosystem. With XT.COM's strong innovation capabilities, advanced security measures and millions of active communities, XT.COM will effectively promote the positive development of the KRC-20 ecosystem and its ecological projects.

XT.COM cryptocurrency exchange now has more than 7.8 million registered users and 1 million monthly active users. It has been ranked 6th in derivatives on CMC for many years. With its experienced trading team and advanced and robust technical infrastructure, XT.COM ensures a smooth crypto trading experience for global users, and continues to provide multi-faceted and featured support for the crypto ecosystem, making XT.COM an ideal partner for Kaspa.

Forward-looking cooperation: Rapid construction of decentralized exchanges (DEX) and wallets

Both parties vigorously promoted the implementation of expanded applications, wallets, trading markets and decentralized exchanges (DEX). This topic attracted much attention at the Hong Kong venue yesterday. The DEX will quickly realize the two basic functions of marketplace and dashboard, which will facilitate on-chain users to quickly realize ecological interaction and solve the problem of fund security and convenience through Bot transactions. In the long term, it will continue to increase diversified scenarios, build Lending and Staking functions, and add stablecoins for ecological support. The long-term launch of these functions not only increases the potential for project development, but also greatly improves the ability of the Kaspa mining community to create income.

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

• Jointly support the listing of projects in the KRC-20 ecosystem

• Vigorously build the influence of Kaspa ecosystem in the Chinese community

• Leverage the highly anticipated airdrop to activate project collaboration and community attention

Through the above initiatives, the goal is to stimulate interest in the KRC-20 ecosystem among crypto participants and attract a wider community of developers, traders, and blockchain enthusiasts.

Please stay tuned to the official channels of XT.COM and Kaspa for the latest news.

About XT.COM

Founded in 2018, XT.COM cryptocurrency exchange has long maintained the 6th derivatives ranking on CMC, serving more than 7.8 million registered users, with more than 1 million monthly active users, more than 40 million users in the ecosystem, and the platform supports more than 800 tokens and more than 1,000 trading pairs. XT.COM offers a wide range of trading categories, providing a safe, trustworthy and intuitive trading experience for its large user base. The platform includes cryptocurrency contract trading (USDT-M contract and Coin-M perpetual contract) and one-click copy trading function, allowing users to copy top traders in real time, easily track top transactions, and realize the freedom of crypto asset trading.

XT.COM always puts customer interests first and protects the security of users' assets. It will also continue to contribute its greatest efforts to the construction of blockchain ecology and encrypted asset ecology.

Website: www.xt.com

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