KuCoin exchange has launched the NULS Soft Staking Program, it will be activated on July 14, 2019 (UTC+8).
This will allow the holders of NULS to stake their coins on KuCoin exchnage without the need to stake them on their personal wallets (Which is a safer option, yet some may prefer to leave their coins on exchanges).
KuCoin will adjust the staking proportion of NULS every calendar day and calculate the daily revenue of the users according to the snapshots of the NULS amount held by users at 23:59:59 (UTC+8) each calendar day.
KuCoin will support soft staking for more coins as well as active staking.
NULS is an opensource blockchain built using Java, NULS platform supports building DAPPs. NULs proposes a development model similar to Linux kernel development. NULS provides smart contract, multi-chain mechanism and cross-chain consensus.
It aims to break the technical barriers of blockchain, to reduce the cost of development, and to promote the usage of blockchain technology in the commercial field.
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