KuCoin Lists Dymension’s Token DYM, Secures Modular Blockchain Ecosystem

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  • KuCoin declares assist for the modular blockchain Dymension (DYM).
  • DYM tokens can now be deposited on KuCoin, with buying and selling beginning on February sixth.
  • Dymension hyperlinks rollups via a standardized inter-blockchain communication (IBC) protocol.

KuCoin, a outstanding centralized cryptocurrency alternate, has formally declared its assist for Dymension (DYM), a quickly increasing modular blockchain designed to safe and interconnect rollups.

KuCoin revealed its determination to incorporate Dymension’s token DYM within the checklist of tradable property on its platform in an official weblog publish and communication through the X deal with.

KuCoin expressed in its discover that it’s glad to again Dymension's tokens in its spot buying and selling service. Based on the notification, KuCoin has already opened the door to DYM deposits. In consequence, customers can now ship tokens to the platform via supported mainnet networks.

Importantly, the official launch of DYM buying and selling was scheduled for Tuesday, February sixth at 15:00 (UTC). DYM's designated buying and selling pair is the Tether USD (USDT) stablecoin. The person will have the ability to begin withdrawing his DYM the subsequent day from Wednesday, February seventh.

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At its core, Dymension is a layer 1 blockchain system designed to safe and hyperlink rollups via a standardized inter-blockchain communication (IBC) protocol. Simply as ERC standardized tokens, we’ll standardize rollups via IBC.

Previous to Dymension, KuCoin listed the Manta Community token, a comparable modular blockchain targeted on zero-knowledge purposes. Notably, Manta Community has secured investments from outstanding his Web3 funding funds comparable to Binance Labs and Polychain Capital.

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