KuCoin is celebrating its success by providing lush bonuses to its workers.
Johnny Lyu is a cofounder and CEO of KuCoin, a worldwide main cryptocurrency change. Based in 2017, KuCoin rapidly boomed in reputation to grow to be one of many largest worldwide crypto exchanges. Lyu, based mostly in Asia, says this firm has greater than 10 million customers throughout 207 international locations and areas around the globe.
The change affords entry to a whole bunch of tokens and affords comparatively low charges. As of this time, KuCoin isn’t licensed to function in the US. The corporate is predicated within the Seychelles and isn’t topic to U.S. rules.
Final yr, KuCoin Alternate’s cumulative buying and selling quantity was self-reported to be round $1 trillion with a median every day buying and selling quantity reaching the $3 billion mark. This locations the corporate inside the prime 10 cryptocurrency exchanges on the earth.
KuCoin skilled stellar development all through 2021. For instance, its token, KuCoin—KCS—famous a 30x worth improve all through 2021. The corporate welcomed extra customers, had greater buying and selling volumes and famous robust assist for its Buying and selling Bot answer. This program permits folks to dollar-cost common their investments in cryptocurrencies. The system calls for purchasing a specific amount of a securities or digital asset every week or month. When this happens, you purchase at completely different value factors fairly than taking the possibility of shopping for when bitcoin or Ethereum is promoting at an all-time excessive costs.
KuCoin is celebrating its success by providing lush bonuses to its workers. KuCoin at the moment employs over 600 folks around the globe and is trying to rent about 200 extra employees members. The continued development in income means greater bonuses for workers. It is likely one of the perks of working for a fast-growing change, Lyu mentioned.
Over 90% of the workers acquired a minimum of six months of wage as their year-end bonus. Moreover, 5% of workers—those that carried out properly throughout key metrics—acquired as much as 12 months of wage as a bonus. The highest bonus tier is over $100,000.
Lyu mentioned of his firm, “We’re proud to have probably the most versatile workers who all prioritize being crew gamers over particular person achieve. Our development all through 2021 wouldn’t be potential with out their arduous work and dedication. The year-end bonuses we supplied to all our workers are the results of their robust dedication to make KuCoin a number one world cryptocurrency change.”
Staff have the choice to be paid in fiat foreign money, bitcoin, Ethereum or different cryptocurrencies. Roughly half of the workforce prefers getting paid in cryptocurrency.
The corporate not too long ago launched a brand new initiative. Lyu acknowledges the long-term development potential of the metaverse, declaring that it’ll change the way in which folks work, join, store, entertain, make cash and have social interactions. The group launched the KuCoin Metaverse Fund. It’s supposed to speed up the maturation of the rising blockchain class by additional strengthening the appliance of blockchain know-how to a Web3 model of metaverse with a $100 million fund.
KuCoin Labs will supply funding for initiatives enrolled within the KuCoin Metaverse Fund. If accepted into this system, it should present mission incubation, major market funding, enterprise partnership assist, branding and advertising assist and a go-to-market technique.