KuCoin Launches 21st Spotlight Token Sale of Aurigami (PLY)

KuCoin will be launching its 21st Spotlight token sale of Aurigami (PLY) on April 29. Aurigami (PLY), KuCoin’s 21st Spotlight, is a decentralized, non-custodial, native money market in Aurora where it offers money market services such as deposit and collateralized lending. 

Aurora is an Ethereum Virtual Machine (EVM) on the NEAR Protocol blockchain. It delivers a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable, and future-safe platform with low transaction costs for their users.

Notably, Aurigami enables users to effortlessly lend, borrow, and earn interest ease with their digital assets. Depositors provide liquidity to the protocol to earn a passive income, while borrowers can borrow in an over-collateralized fashion. Aurigami currently supports 8 largest assets in the Aurora ecosystem. It is one of the leading protocols by TVL on Aurora with $800M Liquidity.

Some of the key highlights of the project include an attractive valuation, blue-chip VCs backing, tightly managed PLY circulating supply, the chance to be part of a growing ecosystem, and an exciting roadmap. It’s worth mentioning, DragonFly Capital, PolyChain Capital and Coinbase Ventures as investors in its private round. Additionally, the total supply of PLY tokens is set at 10 billion. 

For the uninitiated, KuCoin Spotlight is a token launch platform that serves early-stage crypto projects and initial token distribution.Users can participate in the initial token offering of promising projects and gain profits via KuCoin Spotlight.

Over the years, KuCoin has launched 20 Spotlight projects, including CLH, PDEX, CWAR, VR, and CHMB via Spotlight, with the highest ROI exceeding 924x. 

Launched in September 2017, KuCoin’s operational headquarters is in Seychelles. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. As the top 1 altcoin exchange, KuCoin offers over 600 tradable assets to its 10 million users from 207 countries. According to CoinMarketCap and CoinGecko, KuCoin is a top 5 crypto exchange. 

Interested investors can use the previous Spotlight as an example to participate in the KuCoin Spotlight Token Sale. Potential participants can visit the Spotlight page on KuCoin’s website.