Credit score where credit is due – it looks like Divi will be on quite a roll this season. So far at least. The task appears to have made steady progress as per the original roadmap minus much of a delay. That by itself is an impressive feat for the decentralized financial ecosystem this vast and complicated.
In fact , Divi has made a couple of big strides over the past couple of months alone. First, there was the launch of the Divi Wallet, a non-custodial crypto wallet that forms the spine of the DIVI ecosystem. And now, we have KuCoin, the world’s fifth-largest cryptocurrency exchange, onboarding DIVI coin, the native asset in the Divi environment.
We have already covered the launch of the Divi Budget at length last 30 days. So today, we’ll focus mostly on KuCoin’s listing of DIVI and its potential effect on the broader Divi ecosystem.
Meanwhile, for those out of the cycle, you can find more details about the platform and the ecosystem in our in-depth Divi review.
DIVI Gold coin on KuCoin
KuCoin announced on May 28 that it was listing DIVI on the trading platform starting on 10: 00 on Might 31, 2021 (UTC). With this particular move, KuCoin users can now trade between DIVI plus Tether (USDT) seamlessly.
Among the largest exchanges globally, KuCoin’ s sizable user-base of more than 1 million. That is why Divi expects this new growth to increase the awareness surrounding the project and its long-term potential.
Benefits for your DIVI community
- Listing on a major swap such as KuCoin gives the DIVI community and potential buyers the opportunity to freely buy and sell the expression. That counts as a big step forward for a project of this magnitude to succeed.
- Major exchanges like KuCoin usually come with their own community spanning worldwide. And that causes it to be much easier for Divi how to build a presence in brand new markets and regions.
- Apart from expanding worldwide reach, the listing of a task such as Divi on a major exchange also gives it the ability to forge new partnerships with other market players from different parts of the world.
- Dozens of new blockchain and crypto projects are announced all over the world every day. Of course , the majority of these projects are either poorly designed or, worse still, are outright frauds. Most of these projects are inevitably filtered out by most respected crypto exchanges. This means most of them are eventually at the mercy of several obscure trading platforms with low volumes. On that will count, the listing on KuCoin has added to DIVI’s rely on factor among existing plus potential users.
Speaking of potential users, if you are one, here are the main factors that give Divi an edge as a decentralized multi-layered financial ecosystem.
The reason why Divi?
- At the heart associated with Divi is an efficient blockchain that deploys internal breakthrough to do away with inefficiency and duplication. That is basically the same level of overall efficiency that a textbook example of a lean blockchain would promise.
- The Divi blockchain uses the Evidence of Stake consensus mechanism which is drastically different from the Proof of Work (PoW) mechanism that will powers the Bitcoin system. This means, unlike Bitcoin mining which requires a vast quantity of computing power, Divi uses concept called “Coin Age” to secure the network. The particular PoS network enables users to validate transactions within real-time and win rewards in return.
- Security is another strong point that will adds more meat to Divi’ s trust element. The Divi blockchain and the underlying security infrastructure are fully transparent and are open to third-party audits.
- Divi deploys a “tiered masternode system”. This is a special system consisting of five tiers that can be easily set up with a single click. And that causes it to be quite a handy feature great deal of thought enables the average users along with little to no specialized expertise to participate in a cryptocurrency network and run full nodes. The ease of having a masternode is indeed one of the most attractive features of Divi. It helps make crypto safer, mass available, and user-friendly for everyone.
- With the Divi SDK fully deployed, the ecosystem and its components will be interoperable with a wide range of third-party programs.
- The Divi lottery is another unique and exciting feature that adds to the charm of the Divi ecosystem. The lottery gives away 25, 000 DIVI to 10 winners every week. In addition , additionally there is a grand prize of 252, 000 DIVI to one fortunate winner. Any Divi users participating in staking and owning more than 10, 000 Divi coins can be a part of the lottery system. Among other things, the lottery also incentivizes masternode ownership and staking, thereby driving adoption. And more importantly, this adds to the overall security from the network.
Despite being relatively younger, Divi already has a formidable track record when it comes to giving to society through various local community projects. Here’s a quick little of some of them:
- Divi Green : The particular Divi Green community in Venezuela has been working often to perfect the art of using a circular economy to improve social and environmental circumstances. One of their particular flagship initiatives includes a plastic recycling program that aims to contribute towards building a more eco-friendly future. This program pays people in DIVI coin to remove plastic through the environment. The recipients may then exchange their DIVI put in the market for food and other goods.
- The particular Mighty Project: The Mighty Project, run by Divi, has been energetic since 2018. This non-profit runs a Divi client to supplement revenue and has earned over $74, 1000 for the Leukaemia Lymphoma Culture.
- Ardency House: This is a unique charity currently working in San Diego. With Divi’s support, Agape House is promoting the lives of many destitute students by providing them with housing and mentorship.
- The Spaghetti Task: Tristan Paylado founded The Spaghetti Task in the Philippines with the eyesight to provide free hot meals to hungry residents. The much-appreciated program has been making use of Divi as its main type of fundraising. Each DIVI coin you donate goes a long way in helping the economically unlucky local residents safe and well-fed.
You can find read more about Divi community projects here. You can also check out Divi’s roadmap for a better insight into what the project has achieved up to now, as well as what’s in the pipeline.
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