It’s a celebration time for the Kucoin exchange and for it’s every user. Kucoin just surpassed the 10 million registered users worldwide, and the exchange is giving away prizes worth more than $10 million. I am really thrilled to see Kucoin exchange achieving new milestones, being one of the leading crypto exchanges, and one that is continuously evolving. With this occasion, we will take a look at one of the best Kucoin earning features that I really enjoy, the Kucoin Burning Drop. This feature is a simple way to earn cryptocurrency solely by staking the KCS token, USDT, or ETH. Moreover, with the burn of the Pool-X native token, which has the ticker POL, users will get an extra boost on the mining rewards. Be informed that Pool-X platform will be upgraded in Kucoin Earn, and to find out what this means, keep reading. Also, take on notice that it is pretty hard to enter a token Burning Drop, because of the high demand. Some time ago, the Qredo Burning Drop was available, and this is the only Kucoin Burning Drop in which I have managed to enter and gain some Qredo tokens, cryptocurrency that performed really well in 2021. As I have seen while trying to register on several burning drops, Kucoin lists some great projects with high potential. Therefore, if you are interested in future crypto earning with the Kucoin Burning Drop feature, continue reading my blog post.
Furthermore, new users of the Kucoin exchange can get 10% off at trading fees if the registration is done with my Kucoin affiliate link. Just press the button below.
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Kucoin reaching the 10 million users mark
Let me begin by saying that the Kucoin token was one of the best performing cryptocurrencies in 2021, and I expect to see it achieving even higher gains in the years to come. I really have big expectations for the Kucoin token, because I see that Kucoin exchange is continually progressing and improving its services.
- USD
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KuCoin(KCS)$9.72-2.47%
Considering this aspect, Kucoin Exchange is getting more and more noticed by crypto investors and traders, and also, this is why Kucoin Exchange is now celebrating the 10 million registered users mark.
With low trading fees, user friendly, a bunch of cryptocurrency investment opportunities, and earning features, Kucoin is a top crypto exchange that is continuously evolving. Moreover, regarding the trading fees, new users of Kucoin exchange can get 10% off at their trading fees if the sign-up is done with my affiliate link. Also, with this celebration of reaching the 10 million user mark, there are prizes to win with a total worth of $10 million.
Now, let’s see one of the earning features, which can bring some huge gains for the users of the Kucoin exchange solely by staking other cryptocurrencies.
How to join a Kucoin Burning Drop?
Kucoin Burning Drop is available on the Pool-X platform, which is the earning service integrated on the Kucoin Exchange, and starting with December 22, 2021, Pool-X will be upgraded in Kucoin Earn. I think this is a better name, being entitled after what it delivers. Therefore, registered users of Kucoin can easily access Pool-X, or Kucoin Earn after this upgrade, and the Burning Drop feature, with only one account, the Kucoin account.
Check out below to see what this Kucoin Earn upgrade means for the Kucoin exchange users. Only to say that with this upgrade, the earning features of Kucoin will be more easily reachable. Also, I will leave my Burning Drop blog post with the Pool-X name, so you can see what it will be upgraded.
Once you are a registered user of the Kucoin exchange, and if you are using a web browser, the Pool-X earning service can be found in the Main Menu tab Finance, simply hover over this tab and click on Pool-X Earn. The first option on the Pool-X web page is the Kucoin Burning Drop feature. Click on this, and you will see the current projects listed and ongoing.
Using the Kucoin exchange mobile app, the Burning Drop feature can be found in the Staking tab from the Quick Access menu. But, if you don’t see Staking on the app’s main page, simply click on more from the Quick Access menu, and Staking will be there. After you access the Staking feature, you will see the Kucoin Burning Drop as primary feature to be listed. Click on that and view the ongoing blockchain projects.
As I said at the beginning, it is pretty hard to join a token drop with this feature, because the Kucoin burning drop can come with some high rewards, and extremely numerous users try to join as fast as they can. For example, in many if not all drops, the platform’s hard cap was reached in just a few seconds. Therefore, whoever has a better internet connection, and it is the fastest, will prevail to enter the token drop.
I just moved into a new city, and for the moment I have a terrible internet connection, but I hope to fix this soon. In December 13, 2021, I tried to enter the Forward Protocol Burning Drop, and I wished very much to join this project, because I truly like what Forward Protocol intends to build for the blockchain community. But I think there were approximately 20 seconds until I got the message that the hard cap for the platform is reached. Hope for some better luck next time, and a good internet connection.
How to earn with Kucoin Burning Drop?
Regularly, Kucoin will list cryptocurrency projects on the Burning Drop feature, and these new project tokens can be mined by staking the Kucoin token – KCS, Tether – USDT, and Ethereum – ETH, and every cryptocurrency from these three will have a different distribution coefficient at earning. As I have seen at all projects listed, Kucoin token has a coefficient of 1.5, Ethereum has 1.2, and Tether has a coefficient of 1. Therefore, Kucoin token will give you more rewards by staking it in the Kucoin Burning Drop. Moreover, if you are fast enough to stake before the hard cap is reached, you can stake all three cryptocurrencies for some even higher gains.
For every staked cryptocurrency, there will be a hard cap, and also a minimum amount of funds that can be staked to mine other crypto coins. For the Kucoin token the minimum amount to stake is 3 KCS, for Tether is 20 USDT, and for Ethereum, the minimum amount is 0.008 ETH. Therefore, as I see this, Kucoin burning Drop is reasonably affordable for everyone, not requiring some large amounts of crypto funds to enter.
There are two hard caps, the first is per platform, which will depend on every project listed on the Kucoin Burning Drop. The second hard cap will be per user, and in case of staking the Kucoin token, the hard cap is 120 KCS, for Tether is 2000 USDT, and if staking Ethereum, the hard cap is 0.5 ETH. If users are fast enough, everyone can stake the hard cap for every cryptocurrency from the three, at the same time.
Join the 10 million users of Kucoin and get 10% off at trading fees if the registration is done with my Kucoin affiliate link. Just press the button below.
Kucoin Burning Drop stages
Once you identify your project in which you want to invest, and it is available on the Kucoin Burning Drop feature, make sure you have funds in your Pool-X account before the subscription begins. Because you will see that the time is short until the platform’s hard cap is reached. But, with the Kucoin Earn upgrade, transfer will no longer be necessary.
Until the upgrade is done, to transfer funds in your Pool-X account is pretty easy. You just need to access your Kucoin wallet and click on transfer funds, and then just choose to transfer between your Main Account or Trading Account and the Pool-X account.
The first stage of a Kucoin Burning Drop event is the subscription period, which is planned to take place on a 12 hours’ time frame, but in reality, there will be approximately 1 minute. As I said, there is a very high demand for these types of events on Kucoin.
The second stage is the Burning acceleration period, which will last for 12 hours as well. In this phase, users who managed to enter in the subscription period can burn a desired number of POL tokens to boost the reward coefficient, and by this the mining rewards. POL is the native token of the Pool-X platform, and it can be traded on the Kucoin Spot market. Note that as the POL tokens burning increases, the boosting rewards for burning will decrease. Therefore, before you burn the POL tokens, test the available accelerating computing power directly in the burning page of the event to see if this is worth it.
The third step of a Burning Drop event is the staking period, which will last for 20 days, and your staked cryptocurrencies will be locked for this period. In this stage, there is nothing you can do, just to wait for your rewards and staked funds to be unlocked.
The distribution period will be the final phase, and this one depends on every project. As I saw at different projects, a percentage of mined cryptocurrencies will be distributed before trading begins on the Kucoin Spot market, and the remaining amounts will be distributed after the first distribution.
To see the exact details for every Kucoin Burning Drop event, read carefully the full project event details. Which can be found directly on the burning drop page.
Join the 10 million users of Kucoin and get 10% off at trading fees if the registration is done with my Kucoin affiliate link. Just press the button below.
Pool-X upgraded into Kucoin Earn
This upgrade will take place on December 22, 2021, and it will deliver the earning features of the Kucoin exchange in a better user-friendly experience. Firstly, let’s see the names of these features after the Kucoin Earn upgrade is completed, and what this means for the Kucoin Burning Drop:
- Pool-X earn will be upgraded into Kucoin Earn;
- Regarding the Kucoin app, Staking will be upgraded into Earn;
- Pool-X account will be upgraded into Financial Account;
- Flexible terms will be upgraded into Savings.
Once the Kucoin Earn upgrade is done, the subscription process for the earning features will be more simplified. We will be able to enroll in a Kucoin Burning Drop, directly with the crypto funds from our Main Account or Trading Account, without being necessary to transfer the crypto assets. Also, the distribution of earnings will be directly into the Main Account.
With this upgrade, users of Kucoin and Pool-X don’t have to do anything, only to keep the Kucoin app updated, because if you will try to transfer the funds from Pool-X, this transaction will fail.
Conclusion
Kucoin Burning Drop is one of my favorite features of the Kucoin exchange. This feature can come with some great cryptocurrency rewards simply by staking the Kucoin token, Tether, and Ethereum, to mine for other cryptos. Also, the projects listed by Kucoin are very impressive, and with high potential. Just take a look at the Forward Protocol, a project that will be soon listed on the Kucoin Spot market, and the trading will begin.
Regarding the high demand for this earnings feature, it is pretty hard to enter a burning drop event, but at the same time it is affordable for everyone regarding the little amount of cryptocurrency to stake. Therefore, every user who holds at least 20 USDT in their Kucoin wallet can enter in this type of burning drop earning crypto activities on the Kucoin exchange.
Because Kucoin is celebrating the 10 million users, at the moment there are also a bunch of activities that can bring some prizes for every user of Kucoin. Prizes that have a total worth of $10 million. Furthermore, if you are new to Kucoin and intend to join the 10 million users, sign-up with my affiliate link, and get 10% off at your trading fees.
Join the 10 million users of Kucoin and get 10% off at trading fees if the registration is done with my Kucoin affiliate link. Just press the button below.
Thank you for reading my article about the Kucoin Burning Drop feature and how to earn crypto with Kucoin by staking, and I hope this is helpful to you. Feel free to share and subscribe to my little blog. Also, visit and follow me on my other channels, Youtube, LBRY and Odysee, Pinterest, Facebook, Publish0x, Instagram, Twitter.
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Disclaimer:
This article about the Kucoin Burning Drop feature and how to earn crypto with Kucoin by staking is intended for informational purposes only. Therefore, the views expressed in this document are not, and should not, be construed as investment advice or recommendations. Readers of this document should do their own research, taking into account their specific financial circumstances. Also, the investment objectives and risk tolerance before investing. This document is not an offer, nor the solicitation of an offer, to invest, buy or sell any of the assets mentioned herein.
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