ABU DHABI, UAE, May 10, 2024 /PRNewswire/ -- Venom, an innovative
layer-0 and layer-1 blockchain network capable of hosting projects
at massive scale, has continued to expand its offerings, this time
forming a strategic partnership with KuCoin Ventures, the
investment arm of KuCoin, a leading global crypto exchange.
The partnership follows on the heels of Venom's launch into
mainnet and the listing of the VENOM token on KuCoin.
One of the most anticipated new blockchain projects, the Venom
network, has continued to make inroads across the blockchain
industry following its launch into mainnet earlier this year. Venom
has drawn attention due to its unique capabilities as both a
layer-0 and layer-1 blockchain. The network is powered by Mesh
technology, which allows it to communicate seamlessly and at great
speed with other, independent networks.
Built to be capable of hosting massive platforms and projects,
specifically global payment systems and CBDCs, Venom has emerged as
one of the most promising new networks, with capabilities that
could revolutionize what is possible in global commerce.
Now, the network has put itself in a prime position to further
expand and integrate with other blockchain projects by reaching an
agreement with KuCoin, one of the industry's largest exchanges.
KuCoin is one of the top-ten cryptocurrency exchanges with a daily
trading volume of well over $500
million.
The new partnership would involve Venom receiving investment
support for its VENOM token, while also providing enhanced
visibility for projects integrated with the Venom blockchain on
KuCoin. KuCoin Ventures will also provide support and resources
during and after Venom projects on-boarding process.
Reached for comment on the new partnership, Venom Foundation CEO
Christopher Louis Tsu had this to
say: "This new partnership with KuCoin Ventures, the investment arm
of KuCoin exchange, which is one of the industry's largest and most
important exchanges, marks a new chapter for the Venom network.
This will open a lot of new doors for Venom and set the stage for
collaborative work that will redefine this industry and allow Venom
to reach its full potential. We are all very eager to see this come
to fruition and what lies ahead for both us and KuCoin
Ventures."
About Venom:
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly
communicating and integrating with other independent networks
through its innovative Mesh technology. The Venom ecosystem is
anchored by a masterchain, which manages the overall network state
and consensus, while workchains — an unlimited number of autonomous
chains — host user accounts, smart contracts, and decentralized
applications. Mesh technology revolutionizes inter-chain
communication, optimizing interactions without compromising speed
or unparalleled scalability. With a robust technology stack that
ensures rapid finality, comprehensive security, stability, and
user-friendly interfaces, Venom is the ideal network for hosting
CBDCs and other large-scale platforms. Learn more
at https://venom.foundation/
About KuCoin:
Launched in September 2017, KuCoin is
a leading global cryptocurrency exchange with its operational
headquarters in Seychelles. As a
user-oriented platform with a focus on inclusiveness and community
action reach, it offers over 800 digital assets and currently
provides Spot trading, Margin trading, P2P Fiat trading, Futures
trading, and Staking to its 30 million users in more than 200
countries and regions. In 2023, KuCoin was named one of the Best
Crypto Exchanges by Forbes and recognized as a highly commended
global exchange in Finder's 2023 Global Cryptocurrency Trading
Platform Awards.
Learn more at https://www.kucoin.com.
Contact for Venom foundation:
Email: media@venom.network
Photo -
https://mma.prnewswire.com/media/2409905/Venom_Foundation.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/venom-and-kucoin-ventures-forge-strategic-partnership-302142400.html