KuCoin, a cryptocurrency exchange backed by IDG, has recently announced that India’s Bitbns (BNS) crypto platform will be showcased as the second project on its Spotlight program. The BNS token sale is scheduled to happen on July 30, 2020, via the KuCoin Spotlight program.
Bitbns is currently one of India’s biggest cryptocurrency exchanges and BNS is its native multi-protocol crypto token, which enables its general customers to use crypto money for their daily transactions. Before its upcoming token sale, Bitbins has conducted and successfully completed four rounds of pre-public sales within 20 minutes. The use cases of BNS pre-sales include paying electricity bills, shopping on Amazon and other Indian e-commerce websites, and accruing trade fee discounts on Bitdroplet, which is a Bitbns-backed platform that allows users to invest BNS and Bitcoins using SIP strategies.
Today, crypto exchange apps such as Bitcoin Trader app are helping people in India earn and make daily profits. Launched in 2017, Bitbns also offers its crypto trading app and has become a top cryptocurrency exchange in India in less than three years. The exchange was able to amass 500,000 users and get recognized as India’s first cryptocurrency to be listed among the world’s top 50 cryptocurrencies by 2018.
The CEO of KuCoin Global, Johnny Lyu, believes that India lifting the crypto ban in March 2020 was a major breakthrough for global cryptocurrency exchanges. To boost India’s blockchain marketplace, his KuCoin plans to lend over $50 million in support. With the upcoming token sale, Lyu foresees India as the next big market for crypto and wants KuCoin to be a key partner for Bitbns in their journey.
Gaurav Dahake, the CEO of Bitbns Exchange, aims to provide a smooth entry for Indians into the crypto world by offering secure and easy support to its customers. After its entry into the UAE and Thailand crypto markets, Bitbns will also be expanding into 30 more countries by 2020-end. The BNS token sale on the KuCoin Spotlight platform would not only expose more global users to BNS but also help these users participate in Bitbns’ future.