Dear KuChain Community Members, After several months of unremitting efforts and public testing, the KuChain test network Kratos beta has officially come to a close. The KuChain Team would like to thank all the nodes, partners and community members in the beta activity for their contributions to KuChain, which have helped maintain the stable operation of KuChain and laid the foundation for the next step of KuChain development. The KuChain Team and the KCS Foundation have decided that KTSt, the KuChain Test Network Kratos' token, will be converted to KCS at a rate of 200:1 as a reward for the community users who participated in the test. The KTSt-KCS conversion will be open to all KTSt holders starting at 15:00 on April 3, 2021 (UTC). Conversion Rules: - Calculation of KTSt-KCS conversion number: If a user holds 10,000 KTSt, then the number of KCS that the user can convert is 10,000/200 = 50 KCS. - KTSt-KCS Conversion Schedule: 15:00 on April 3, 2021 to 15:00 on May 3, 2021 (UTC). - For users who participated in KTSt on-chain staking through the Pool-X platform, Pool-X will uniformly withdraw the staking tokens and distribute them to users. - For users who directly staked on-chain, since the on-chain redemption period is 14 days, in order to ensure the smooth conversion of your KTSt, please be sure to redeem all your KTSt through Awake Wallet before 15:00 on April 17, 2021 (UTC). Once your redeemed KTSt has been received, you can transfer them to your KuCoin account to convert KTSt to KCS. Otherwise, if you miss the conversion schedule, you will be deemed to have forfeited the conversion of KTSt to KCS. - The minimum conversion quantity is 10 KTSt. How To Convert KTSt to KCS: From your KuCoin account, go to KTSt withdrawal page, and withdraw your KTSt to the address "KTSTOKCS". After sending your KTSt, the system will transfer the corresponding KCS to your KuCoin account. Introducing KuCoin Community Chain (KCC) Thanks again for your long-term support of KuChain! In the development process of KuChain and Kratos, we have always kept an eye on the development and evolution of the crypto market process. Through the evaluation of a variety of emerging technologies and blockchain ecosystems, a new cognition has emerged for the future development direction of KuChain. Therefore, we plan to upgrade KuChain for KuCoin Community Chain (KCC), which is the building blockchain solution for the general user community. KuCoin Community Chain (KCC) is a high-performance and decentralized public chain built by KuCoin for all community users. Developed based on Ethereum, its purpose is to provide community users with a fast, convenient and low-cost blockchain user experience. KuCoin Community Chain (KCC) will have the following characteristics: - Fully compatible with Ethereum and ERC-20 smart contracts, with extremely low migration costs; - KuCoin Token (KCS) will serve as the only core fuel and native token for KCC and can be used in scenarios such as gas fee payment; - A block every 3 seconds results in faster transaction confirmation and higher chain performance; - Proof of Staked Authority (PoSA) consensus algorithm promoteshigh efficiency, security and stability. At present, KuCoin Community Chain (KCC) has entered a stable development stage and plans to launch the V1 version in Q2 of 2021. We will also regularly update the development process for all users of KuCoin. Please stay tuned! The KuChain Team Find The Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>