KuCoin, a cryptocurrency exchange backed by IDG, has revealed a second project to be highlighted by its Spotlight: Bitbns. It will be hosting a token sale through the KuCoin Spotlight platform this July 30, according to a press release.
Bitbns, as you may know, is one of the biggest cryptocurrency exchanges in India. Its token, BNS, is a self-described “multi-protocol utility token” that should allow users to utilize crypto just as they would fiat, the release notes. The group has run four rounds of pre-public sales, and holders can spend them on platforms like Amazon.
Speaking on the matter is Johnny Lyu, the CEO of KuCoin Global, who had said:
“As one of the most global exchanges, KuCoin is committed to promoting the globalization of blockchain and crypto. After India announced the lift of the crypto ban in March, KuCoin launched a $50 million support plan to boost the development of the Indian blockchain industry. India has become one of the most important markets for crypto. And Bitbns has ushered in unprecedented opportunities. [The exchange] is very happy to witness and participate in the development of Bitbns. It is thrilled to launch BNS, a project with real potential, on our Spotlight platform.”