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Information about "KUB Coin"
What exactly is KUB Coin (KUB)?
KUB Coin (KUB) is the native utility token for the KUB Chain and is available on multiple Thai exchanges, including Bitkub Exchange, as well as on major international cryptocurrency platforms. This coin has a range of utility applications, primarily serving as a payment for on-chain gas fees, converting into fee credits on the Bitkub Exchange, and staking on KUB Chain, which allows users to become Validators or Delegators. Additionally, it can be used for exchanging with various digital assets and redeeming services offered by KUB Chain's partners.
What exactly is KUB Chain?
KUB Chain is a renowned blockchain network created by Bitkub Blockchain Technology Co., Ltd., which is a branch of Bitkub Capital Group Holdings Co., Ltd. The chain features KAP-20 token standards within its ecosystem, including tokens like KKUB, KUSDT, KBTC, LUMI, and others. KUB Chain strives to foster financial inclusivity and transparency while maintaining robust security. It facilitates the seamless, secure, and efficient transfer of tokenized assets, such as NFTs (Non-Fungible Tokens), without the need for intermediaries or third-party intervention.
Who initiated KUB Chain?
KUB Chain was established by Passakorn Pannok, a seasoned software engineer with a Master's degree from Chulalongkorn University and over 13 years of experience in blockchain technology. The platform launched in April 2021, aiming to become a top-tier global public blockchain infrastructure. Passakorn leveraged his deep knowledge of Ethereum and HyperLedger to drive the development of KUB Chain.
Initially designed for cost-effectiveness and speed, KUB Chain gained early momentum through NFTs, including notable projects like Morning Moon Village and the Miss Universe Thailand collection.
As the platform evolved, it introduced Proof-of-Stake (PoS) staking, formed strategic partnerships with major companies both in Thailand and globally, and nurtured a vibrant DeFi ecosystem. From 2024 onwards, KUB Coin became integral to the network, playing a crucial role in transactions, staking, and governance, while also enhancing its real-world utility through collaboration. KUB Chain remains focused on scalability and creating a developer-friendly environment to attract users and projects. Its key strengths, such as high speed, minimal fees, EVM compatibility, and a PoS consensus mechanism, establish it as a significant player in the blockchain space, particularly within Southeast Asia.
Initially designed for cost-effectiveness and speed, KUB Chain gained early momentum through NFTs, including notable projects like Morning Moon Village and the Miss Universe Thailand collection.
As the platform evolved, it introduced Proof-of-Stake (PoS) staking, formed strategic partnerships with major companies both in Thailand and globally, and nurtured a vibrant DeFi ecosystem. From 2024 onwards, KUB Coin became integral to the network, playing a crucial role in transactions, staking, and governance, while also enhancing its real-world utility through collaboration. KUB Chain remains focused on scalability and creating a developer-friendly environment to attract users and projects. Its key strengths, such as high speed, minimal fees, EVM compatibility, and a PoS consensus mechanism, establish it as a significant player in the blockchain space, particularly within Southeast Asia.
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