- KuCoin has listed the native token of Solana-based undertaking Wormhole (W).
- Buying and selling of Wormhole tokens will start on April third, and withdrawals will start the following day.
- Beforehand, the Wormhole group introduced that it could distribute 617 million tokens through airdrop.
KuCoin, some of the distinguished cryptocurrency buying and selling platforms on the planet, has endorsed the Solana-based undertaking Wormhole (W) token. Wormhole is a cross-chain messaging platform that enables funds to be transferred between blockchains. KuCoin has introduced its intention to welcome Wormhole’s W token by its official web site and X deal with. In response to the notification, KuCoin has added W to the checklist of tradable crypto belongings.
Moreover, within the report, KuCoin expressed pleasure at itemizing the Wormhole token on the spot buying and selling platform and acknowledged that it’s a nice undertaking. In consequence, KuCoin opened the door to deposit his W tokens within the wormhole through the supported Solana community (SOL-SPL).
Notably, buying and selling for Wormhole tokens will start on Wednesday, April third at 12:00 pm (UTC). After 24 hours, the change will allow withdrawal companies for Wormhole tokens. The buying and selling pair accessible for Wormhole tokens is the Tether USD (USDT) stablecoin.
For the uninitiated, the W token serves because the native asset that powers the Wormhole platform, serving because the native Solana SPL token and Ethereum ERC20 token. Leverage wormhole native token transfers to facilitate easy transfers throughout wormhole-connected networks.
Final month, the Wormhole group introduced plans to distribute 617 million tokens, representing 6% of the overall token provide, to earlier customers by airdrops. The W token is reportedly buying and selling at $1.7 on pre-market buying and selling platforms.
Earlier than KuCoin joined the Wormhole group's checklist, the change supported different rising crypto undertaking tokens comparable to Partisia Blockchain's MPC token, PATEX, Solidus Ai Tech's AITECH, SAROS, and Manta Community's native token. Ta.
Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any type. Coin Version just isn’t liable for any losses incurred on account of using the content material, merchandise, or companies talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
