As the Centralized Exchange (CEX) KuCoin turns 6, the native coin KCS is rising since it hit a low at the start of September. Vechain is up by over 20% since its listing on CEX Coinbase on the 13th of September. Meanwhile property co-ownership platform Everlodge is up by 12.5% this week and 80% since the start of August.
KuCoin is unphased by the regulatory issues surrounding Binance and the FTX collapse
As KuCoin the CEX matures, the coin which also powers their decentralized blockchain, KCS, is seeing positive price action. However the picture looks less rosy when looking on the 1 year chart as we see that KuCoin is actually down by around 57% from its November 2022 highs of $10.41.
It seems that the regulatory scrutiny faced by Binance intially had knock on effects for the chain and exchange, as massive outflows were experienced earlier in the summer. However, despite the fearful market, so far the SEC and other regulatory bodies have not filed any complaints or lawsuits against KuCoin.
Fears that KuCoin were going insolvent have proven to be no more than FUD (Fear Uncertainty and Doubt).
KuCoin’s KCS has various utilities in the KuCoin ecosystem, including 20% discounts on trading fees, the ability to participate in token sales, entering competitions and more. KuCoin also pays holders of more than 6 KCS a bonus in KCS when holding in the app. KCS is also the gas token for the KCC - KuCoin Community Chain.
Vechain’s VET Goes Up After Listing on Coinbase
While many crypto projects have use cases that will be relevant in the future, Layer 1 blockchain Vechain has long been actively used in supply chain management and has saved huge partners, like Walmart China, a substantial amount of money.
Other partners who have been actively using VEchain include the Intercontinental Hotel branch in Shanghai. They used the Vechain blockchain to store cleaning records amidst the Covid 19 pandemic.
UFC and Vechain have partnered for a sponsorship deal that has Vechain’s logo displayed at UFC events in the Octagon on the fighters' uniforms and more.
Given all this it is surprising how long it has taken Coinbase to list this extremely useful and well developed project, but now they have. VET and VTHO are both directly tradable on the Tier 1 exchange.
Everlodge's ELDG Rises Significantly Due to the Bullish Concept It's Offering
Like KuCoin and Vechain, Everlodge is a project with high utility, although it is currently still in presale. Everlodge plans to make it easy for ordinary investors to take part in the global hospitality market, which is currently valued at over $4.5 trillion. How are they achieving this? Through the tokenization of vacation real estate on the blockchain.
What this means in practice is that Everlodge will partner with various hotel chains and vacation property providers, and encode all of the legal deeds and other data in an NFT. This NFT can then be divided into fragments, and those fragments can then be offered for sale to would-be investors.
All investors receive a share of the rental income, and also benefit if the price of the properties go up in value. Fractions are expected to start at around $100-$250 dollars meaning that the doors are truly open to investors of all wealth levels.
Everlodge is currently selling its ELDG token for $0.018, and this will soon rise to $0.019. The price will continue to rise throughout the presale until it is up by 280% from the initial beta stage. At this point it will launch on two tier 1 exchanges and Uniswap, and crypto forecasters predict a potential 30x on the launch day.
Find out more about the Everlodge (ELDG) Presale