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KuCoin launches the "Trust Plan": commits to invest $2 billion to comprehensively upgrade platform transparency, security, compliance system, and KCS ecosystem

ChainCatcher news, at the global crypto event TOKEN2049 in Dubai, cryptocurrency exchange KuCoin officially launched its major strategy------the "Trust Plan," and announced a future investment of $2 billion to promote KuCoin into a new stage of high-quality, sustainable development, focusing on key areas such as platform security, transparency building, compliance system enhancement, and KCS ecosystem development.It is reported that this conference marks the first public appearance of KuCoin's new CEO BC Wong since taking office. He took the stage alongside KuCoin's EU CEO Oliver Stauber, addressing over 15,000 industry leaders, regulatory representatives, and crypto innovators from around the world, elaborating on KuCoin's long-term vision and systematic layout regarding the core industry proposition of "trust."In his speech titled "The Trust Gap in the Crypto Industry: Building a Winning Platform," BC Wong pointed out: "As the crypto industry enters the mainstream era, technology and speed are merely entry thresholds. Platforms that can truly transcend cycles must continuously invest in underlying values such as security, transparency, compliance, and responsibility." He stated that the "Trust Plan" is not only a significant financial commitment but also a comprehensive realization of KuCoin's core values. In the coming years, KuCoin will continue to strengthen platform security infrastructure, promote on-chain transparency mechanisms, deepen collaboration with global regulatory agencies, and increase investment in user education and ecosystem health, fully constructing a more trustworthy digital asset trading environment.Among them, KCS (KuCoin Token), as the core connecting asset between the platform and users, will play a crucial role in the "Trust Plan." KuCoin will further optimize the incentive mechanisms, governance rights, and ecological applications of KCS, strengthening its strategic position in enhancing user stickiness, participating in governance, and promoting community co-construction.

Synthetix: The old SNX staking positions have been liquidated, but most can still be recovered. Users need to migrate as soon as possible

ChainCatcher message, Synthetix stated on its official blog that, according to the SCCP-403 proposal, Synthetix has officially completed the transition to the 420 staking pool, and all old SNX staking positions have been liquidated as planned. However, most positions can still be restored. If users are historical stakers who have not yet migrated to the 420 pool, please make sure to follow the steps below as soon as possible. This upgrade will drive the Synthetix system to fully support future products, including the upcoming Perps v4 perpetual contract platform, automated Vaults, and other core features.Key rule explanation: If a user's staking position has a collateral ratio (C-Ratio) below 160% at the time of liquidation, that staking position has been permanently liquidated and cannot be restored. If the collateral ratio at the time of liquidation is ≥160%, your staking position can be restored, but the migration must be completed within 6 months from the date of liquidation. Important notes after restoration: The migrated staking position will retain the debt size at the time of liquidation, and users can repay the debt at any time to unlock SNX tokens; the new pool allows stakers to gradually reduce their debt within 12 months (subject to certain conditions). Specific rules and the sUSD staking reward program will be announced in the coming weeks. Users can apply to participate in the sUSD staking test.
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