- KuCoin lists the primary BTC-native stablecoin protocol, the bitSmiley token (SMILE).
- SMILE token buying and selling will start on Wednesday on the SMILE/USDT pair.
- KuCoin permits deposits of SMILE tokens through the Ethereum ERC20 community and allows withdrawals after 24 hours.
KuCoin, a number one cryptocurrency trade, has introduced the official itemizing of the bitSmiley token (SMILE), a stablecoin protocol native to the Bitcoin blockchain. As confirmed on KuCoin's web site and social media platforms, SMILE tokens are at the moment out there on the platform and buying and selling is predicted to start this Wednesday.
Particulars of SMILE itemizing on KuCoin
In a press release, KuCoin acknowledged SMILE tokens as a novel and useful addition and expressed its enthusiasm so as to add SMILE tokens to its spot buying and selling platform. As a part of the combination, KuCoin has enabled SMILE token deposits through the supported Ethereum ERC20 community.
Buying and selling of SMILE tokens on KuCoin will formally start on Wednesday, November sixth at 10:00 UTC. After 24 hours, the SMILE token withdrawal service might be activated. The token might be listed in Tether USD (USDT) and customers will have the ability to commerce on the SMILE/USDT pair.
For these unfamiliar, bitSmiley is the primary BTC-native stablecoin protocol constructed on the Bitcoin blockchain and operates throughout the Fintegra framework. It consists of three essential parts: a decentralized and overcollateralized stablecoin protocol, a local trustless lending protocol, and a derivatives protocol.
Notably, bitSmiley will allow BTCfi as the primary BTC-native stablecoin protocol. By bringing Bitcoin liquidity to all chains, bitSmiley transforms the best way Bitcoin interacts with the broader blockchain ecosystem, unlocking new potentialities for decentralized finance throughout a number of networks. .
Earlier than bitSmiley, different promising crypto initiatives listed by KuCoin included BlockGames (BLOCK), MixMob (MXM), Mon Protocol (MON), and Mavia (MAVIA).
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