The investment branch of the global KuCoin exchange, KuCoin Labs, has made a strategic investment in the MojitoSwap decentralized exchange. The move comes as KuCoin is seeking to expand liquidity turnover on its native KCC chain and attract new projects to the ecosystem, relying on MojitoSwap’s solutions, such as Launchpad and Bar.
MojitoSwap is a decentralized exchange operating on KuCoin’s KCC using an AMM mechanism, providing on-chain asset swaps, farming, liquidity pool access, low-cost token exchange, NFT trading, and other instruments for a holistic user experience on the cryptocurrency market. KuCoin Labs has invested in the MojitoSwap DEX to assist with overall product lineup development and operational process streamlining, contributing to the scaling and liquidity availability of the native KCC ecosystem.
“MojitoSwap, as the first DEX on the KCC chain, is honored to have the support of KCC community users and KuCoin Labs. MojitoSwap is one of the basic protocols on the KCC chain. At the opening of the KCC Unicorn Contest, I hope to use this investment to cooperate with more KCC ecological projects to jointly build the future of MojitoSwap and KCC. At the same time, we will also focus on promoting the further development of DeFi, GameFi, Web3, and NFT-related tracks,” as MojitoSwap Marketing Director commented on the development.
KuCoin recently played venue to the public launch of the MojitoSwap DEX’s native MJT currency, attracting new users to the KCC chain with the event. MojitoSwap will also be providing the KCC ecosystem with access to its Launchpad and Bar solutions, which allow projects to diversify their exchange gateways and develop within the decentralized ecology domain.
The support provided by KuCoin Labs has allowed the MojitoSwap DEX to become one of the most anticipated projects on the KCC, vastly increasing its user numbers and liquidity turnover. The scaling of the KCC ecosystem with the addition of extensive DeFi protocol support and trading facilities is a key goal of KuCoin Labs and a priority vector for the KuCoin exchange.