Kaspa Ecosystem Foundation plans to lead invest, XT.COM exchange plans to follow on supporting KRC-20 DEX and wallet development
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Kaspa Ecosystem Foundation plans to lead invest, XT.COM exchange plans to follow on supporting KRC-20 DEX and wallet development
XT.COM announced a strategic partnership with the Kaspa Ecosystem Fund, becoming the first and only centralized exchange to support the KRC-20 ecosystem.
Navigating Web3 tides with focused insightsAuthor: XT Research Institute
At yesterday's Kaspa Networking Night event in Hong Kong, the Kaspa Ecosystem Foundation announced its plan to lead investments into decentralized exchange (DEX) and wallet development within the KRC-20 ecosystem, promoting active growth of the Kaspa ecosystem and creating more opportunities for project development and interaction. XT.COM announced a strategic partnership with the Kaspa Ecosystem Foundation, becoming the first and only centralized exchange to support the KRC-20 ecosystem. This collaboration was officially unveiled in Hong Kong, marking the beginning of a new era for the Kaspa ecosystem.
Kaspa Ecosystem Foundation: Creating an Innovative Blockchain Ecosystem with the KRC-20 Standard
Kaspa is renowned for its innovative KHeavyHash algorithm, designed for efficient GPU and FPGA mining that enables miners to participate with low barriers to entry and achieve substantial rewards—quickly drawing attention in the PoW space. With Kasplex’s introduction of the KRC-20 standard, Kaspa is accelerating the construction of a scalable and flexible ecosystem capable of supporting more decentralized applications (dApps).
At yesterday’s event, the Kaspa Ecosystem Foundation revealed its "Generic SC" initiative and provided deeper insights into the significance of KRC-20 development. Prior to the full implementation of VM and smart contract capabilities on the mainnet, Kasplex serves as a temporary medium that (1) demonstrates the stability of the Kaspa network (high TPS under 1BPS) and (2) enriches the current on-chain ecosystem of Kaspa.
This strong support for a decentralized exchange (DEX) within the ecosystem marks the Kaspa Ecosystem Foundation’s determination to drive ecosystem growth, signaling an increasingly vibrant future for the Kaspa ecosystem.
XT.COM: Launching a $100,000 KRC-20 Ecosystem Support Fund and Building a Dedicated Gateway for KRC-20
XT Labs, the investment arm of XT.COM, will establish a dedicated fund to support the Kaspa ecosystem, initially valued at $100,000 with potential future increases based on progress. In addition to jointly advancing DEX and wallet development for the KRC-20 ecosystem, XT.COM will actively support projects within the KRC-20 ecosystem by offering benefits such as airdrop campaigns, simplified listing channels, and favorable token listing terms.
This partnership represents a significant milestone for XT.COM, positioning it as the go-to exchange for trading KRC-20 tokens. As the only centralized exchange supporting the KRC-20 ecosystem, XT.COM not only provides convenient, centralized trading access for KRC-20 projects but also brings users new opportunities within the Kaspa ecosystem. Leveraging XT.COM’s strong innovation capabilities, advanced security measures, and millions of active community members, the platform will effectively promote the positive development of the KRC-20 ecosystem and its associated projects.
XT.COM cryptocurrency exchange now has over 7.8 million registered users and 1 million monthly active users. Consistently ranked 6th globally in derivatives on CMC, XT.COM ensures a seamless crypto trading experience for users worldwide through its experienced trading team and robust technical infrastructure. The exchange continues to provide multifaceted support to the broader crypto ecosystem, making XT.COM an ideal partner for Kaspa.
Forward-Looking Collaboration: Rapid Development of Decentralized Exchange (DEX) and Wallet
Both parties are actively pushing forward the deployment of expanded applications, wallets, marketplaces, and decentralized exchanges (DEX). This topic drew significant attention at yesterday’s event in Hong Kong. The DEX will quickly launch two core features—marketplace and dashboard—to enable seamless ecosystem interactions for on-chain users, addressing both security and convenience issues currently faced with Bot-based trading. Long-term plans include adding diverse use cases such as Lending and Staking functionalities, as well as introducing stablecoins to further support the ecosystem. These upcoming features will not only expand project development potential but also significantly enhance revenue-generating capabilities for the Kaspa mining community.
This collaboration marks just the beginning of a long-term partnership between XT.COM and the Kaspa Ecosystem Foundation. Both parties are committed to launching a series of joint initiatives, including:
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Jointly supporting KRC-20 ecosystem projects with token listings
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Co-building Kaspa’s influence within Chinese-speaking communities
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Driving project collaboration and community engagement through highly anticipated airdrop campaigns
Through these initiatives, the goal is to spark interest among crypto participants in the KRC-20 ecosystem and attract a broader community of developers, traders, and blockchain enthusiasts.
Please stay tuned to the official channels of XT.COM and Kaspa for the latest updates.
About XT.COM
Founded in 2018, XT.COM cryptocurrency exchange consistently ranks 6th globally in derivatives on CMC, serving over 7.8 million registered users and more than 1 million monthly active users, with over 40 million users across its ecosystem. The platform supports over 800 tokens and more than 1,000 trading pairs. XT.COM offers diverse trading options, delivering secure, trustworthy, and intuitive trading experiences for its vast user base. Its product suite includes crypto futures trading (USDT-M and Coin-M perpetual contracts) and one-click copy trading, enabling users to replicate top traders in real time, easily track elite strategies, and achieve greater freedom in crypto asset trading.
XT.COM remains committed to prioritizing user interests and safeguarding assets, continuously contributing to the advancement of the blockchain and digital asset ecosystems.
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