Why KubeCoin (KUBE) crypto surged 50%?

July 12, 2022 09:57 PM AEST | By Versha Jain
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  • KubeCoin was founded by Paolo Della Pepa in Barcelona in 2021. 
  • KubeCoin (KUBE) is a DeFi token used for transactions in the Kube ecosystem.
  • The token is built on the Cardano blockchain. 

KubeCoin (KUBE) token gained more than 50% after it announced to trade on the MEXC crypto exchange with the pair KUBE/USDT. Its price was US$0.5249 at 6:29 am ET on Tuesday.

The token is also available for trading on Huobi Global and Gait.io crypto exchanges.

It will also be listed for trading on the Bitmart exchange on July 14. KubeCoin listed the token on several exchanges after it completed its initial coin offering (ICO) on July 5.

However, due to the “vesting” period, token holders cannot transfer their KUBE tokens from the KubePay wallet to any exchange. For presale allottees, the vesting period is from 30 to 90 days, and for ICO allottees, it is 180 days.

What is KubeCoin?

KubeCoin was founded by Paolo Della Pepa in Barcelona in 2021. It is a DeFi token to transact in the Kube ecosystem and partner platforms. The token was created to make it an exclusive cryptocurrency for the real-world travel and leisure industry.

Built on the Cardano blockchain, the KubeCoin ecosystem comprises projects such as FlyKube, EatKube, KubePay, NFT Platform, NFT Project and KunbeIN.

FlyCube provides unique traveling experiences and has been active since 2017. Likewise, EatKube offers unique gastronomic experiences, while KubePay is for transactions. Besides trading, Its NFT marketplace provides access to exclusive events, sales, airdrops, etc.

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KUBE token:

The token’s market capitalization is not immediately known, but the circulating and total supply are 480 million. Its trading volume rose 490759.51% to US$13.6 million in the last 24 hours. The token is available for trading on MEXC, Huobi Global, and Gate.io.

Bottom line:

The crypto market is extremely volatile; investors should exercise caution before investing in digital assets. 

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