The KCS Management Foundation, a governance structure responsible for the development of the KCS ecosystem, joined the investment round.
sKCS.io is dedicated to providing a simple and easy-to-use DeFi product with stable returns that allows users to stake KCS and receive sKCS. sKCS can be used to participate in other DeFi products for higher returns or to divest from KCS at any time. Aside from the attractive yields that sKCS.io offers, it is expected to become the next highly regarded asset on the KCC. There are currently almost 10,000 KCS staked in sKCS.io.
Funding will support sKCS.io team expansion and many other aspects like product, technology and security to improve user experience and bring more innovative products to market. With the official launch of sKCS.io, it will focus on developing the market and collaborating with more KCC-based projects to accelerate the prosperity of the KCC ecosystem.
Justin Chou, KuCoin’s Chief Investment Officer, said, “As a key infrastructure for KuCoin to explore the Web 3 environment, we are accelerating the development of the KCC ecosystem.
Duke Smith, the CEO of sKCS.io stated, “Liquidity is critical for crypto assets. we will work to build the KCC ecosystem and facilitate the free flow of assets.”
With the launch of sKCS.io, a staking campaign will take place where users can stake KCS to share rewards. In addition, KCS whales can enjoy other exclusive privileges by participating.