The investment branch of the Hong Kong-based crypto exchange has made a strategic investment into the first-ever audited DEX.
Based on the official press release, KuCoin Labs will support MojitoSwap’s development via implementing better NFT support, improving the general user experience, and the liquidity mining system.
MojitoSwap has been a long-awaited DEX by KCC users due to its versatility and functionality. This will be the first time that KuCoin Labs invests in a native project launched on the KCC chain.
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Gloria Yurkovich, who is the CMO of MojitoSwap, spoke on the investment by KuCoin, stating:
"At the opening of the KCC Unicorn Contest, I hope to use this investment to cooperate with more KCC ecological projects to jointly build the future of MojitoSwap and KCC. At the same time, we will also focus on promoting the further development of DeFi, GameFi, Web3, and NFT-related tracks."
For the next step, MojitoSwap will be upgrading to a new version that includes a native NFT marketplace, liquidity mining, and an interface upgrade. Moving forward, the DEX will be looking to use the KCC to create a bridge between other projects launched on KuCoin.
