KuCoin is launching a $2 billion trust project that aims to boost confidence in the crypto industry through stronger security and transparency. The initiative is a significant step in response to persistent issues of scams, rug pulls, and market instability, especially affecting new crypto investors.
This move comes as institutions are increasingly entering the crypto market. Moreover, platforms like Advanced Micro Devices (AMD) are making strides in the development of chips specifically designed for crypto mining.
KuCoin’s CEO, JH "BC" Wong, announced the trust project at TOKEN2049. He stated that trust and openness must be the focus for the next chapter of Web3.
The project will invest in three key areas:
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