Ten Principles of {brandName}

Guided by our mission to build a dependable infrastructure for the digital asset world, we are dedicated to enabling access to new value and opportunities while ensuring our users are protected at every stage.

No. 1

{brandName} Roadmap

Global Users

You are now being redirected to a third-party recruitment system operated by an independent service provider.

1. This system is managed independently by a third-party provider.

2. {brandName} does not own, manage, or control any of the content, processes, or data handling on the third-party platform.

- All use and activity is subject to the third-party's terms and conditions (if any).

- {brandName} is not liable for any content or system issues.

Discount

Note

At a fixed point in time, all user assets will be snapshotted, stored, and encrypted. The verification personnel will ensure that every user asset is included.

Each user's UID hash and balance make up a Merkle leaf, while the sum of all user assets make up the Merkle tree. Once the Merkle tree is generated, any modifications will be identified.

At the time point of the snapshot, each type of asset's corresponding verifiable addresses and their block heights. 
There is also a special method of verifying the ownership of wallet addresses.

Reserves at snapshot time point = Assets in wallet addresses / Total assets in Merkle tree.

User balance snapshot

Generate a Merkle tree

Verify assets in the published wallet addresses

Calculate reserve ratio

Note that factors such as snapshot time and incorporated account assets will cause differences from one's current account assets.

If the verification passed, one's assets are safely stored and protected. 
As everyone can participate in the verification, the total amount of user assets on the platform can be trusted.

Authentic and tamper-proof on-chain assets.

Divide the value from Step 3 by the value from Step 2.

Compare asset balances

Verify whether the corresponding leaf node is in the Merkle tree

Query the asset balance of published addresses at a specified height

Verify reserve ratio

If there are discrepancies between the amounts in your asset snapshots and the amounts displayed in your accounts, possible reasons may be:
 1. For Margin Accounts, snapshots only take net equity into account. Borrowed assets are not included in snapshots whereas assets that are lent out are included in snapshots.
 2. For Futures Accounts, snapshot assets do not include unrealized PNL.
 3. For {brandName} Earn assets, ETH2 is obtained when ETH is voluntarily converted to ETH2 by the user, which is different from ETH and is therefore not included in asset snapshots.

I. Description of Merkle Trees Provided by {brandName}

Hash Calculations

II. Merkle Tree Verification

III. Verification Steps

How to Verify Assets Using a Merkle Tree

Proof of Reserves (PoR) is a widely used method to prove custody of assets on the blockchain. This means that {brandName} has the funds to cover all user assets on its books.

The Merkle tree data structure is used to generate and securely encrypt user asset data into a single hash, which serves as a "summary" of all inputted data. The tamper-proof and traceable characteristics of Merkle tree data enables users to easily verify data reliability.
Users can verify ownership of on-chain wallet addresses and the total amount of wallet assets.
Users can also verify the platform's asset reserves by comparing the total assets of the exchange users with the total assets in the published on-chain wallet addresses.

What is PoR (Proof of Reserves)?

Principle of PoR

{brandName} Official Community

If you have margin trial funds, they can be used as collateral for margin borrowing and trading.

How to trade on margin: Transfer assets to your Margin Account → Borrow funds → Place your trades → Close positions and repay.

If the bonus is not claimed and used within the valid period, it will be retrieved by the system.

For any malicious or fraudulent behaviors, the related account will be banned;

Margin Bonus is the benefits for margin users. The system will examine the qualification of users for the bonus. For unqualified users over the margin borrowing and trading process, the system will deduct the bonus from the account.

{brandName} reserves all rights to the final explanation of the event.

Margin Bonus

Contact {brandName} customer support with your questions at any time.

The {brandName} Global Community is home to millions of users from 200+ countries, with support for 20+ languages.

Keeping you up to date with the latest news in crypto.

Dedicated Account Manager

Beginner Zone

Futures Brawl

12.12 Super Week

Scan QR Code to Download App

Search results are from the KuCoin Web3 Wallet.

The system has detected abnormal activity on your account. To ensure your account security, please change your login password.

The system has detected abnormal activity on your account. To ensure your account security, the platform has frozen your account. Please contact our Customer Support for more info.