TORONTO–(BUSINESS WIRE)–Syscoin, the bottom layer protocol uniquely combining the perfect of Bitcoin and Ethereum in a singular blockchain platform, at present introduced that its native token (SYS) has been accepted and can listing on worldwide cryptocurrency change KuCoin, a number one, person pleasant change, identified for its ease of use, function richness and low charges. KuCoin will allow SYS deposits for customers at present, April 27, 2022, at 10:00 AM UTC. Buying and selling of SYS begins tomorrow, April 28, at 11:00 AM UTC.
This announcement spotlights Syscoin’s ongoing imaginative and prescient for the evolution of blockchain expertise—enabling decentralized functions that leverage the safety of Bitcoin and the composability of Ethereum. By combining Ethereum’s help for decentralized functions and the unrivaled safety of the Bitcoin community, Syscoin provides builders and traders vital benefits in pace, effectivity and safety unmatched by present base layers or layer 2s.
KuCoin is a Seychelles-based worldwide cryptocurrency change dedicated from its inception to providing a safe, secure and easy-to-use buying and selling service for its over 10 million registered customers from over 200 international locations. Billed because the “Folks’s Trade,” KuCoin is constructed for all lessons of traders. With over 600 tradable crypto belongings and accrued buying and selling quantity exceeding 1 trillion, KuCoin delivers an accessible, high-liquidity and dependable person expertise to welcome novice merchants and skilled traders alike.
“We’re thrilled to not solely supply our rising group extra choices to purchase, promote and commerce Syscoin on KuCoin’s world class change, which is likely one of the subsequent steps in bringing our platform to a far broader viewers of crypto traders and complimentary blockchain expertise,” mentioned Jagdeep Sidhu, lead developer and President of the Syscoin Basis. “Past the itemizing, Syscoin and KuCoin are anticipating deepening our partnership by constructing additional upon Syscoin NEVM’s Layer 2 ZK-Rollup and Optimistic Rollup integrations, which can assist foster adoption of the Syscoin expertise stack by endorsing the tech and ecosystem incubation initiatives.”
Syscoin and KuCoin look to increase their partnership past simply itemizing the coin on its buying and selling platform, however to additional construct upon Syscoin’s upcoming layer 2 ZK-Rollup and Optimistic Rollup applied sciences. Below the partnership, KuCoin will look to assist to foster adoption of Syscoin’s expertise stack via supporting these applied sciences and incubating through ecosystem initiatives.
To study extra about Syscoin’s roadmap to mix the perfect of Bitcoin and Ethereum by pairing Proof of Work (POW) safety with their scalable Community-Enhanced Digital Machine (NEVM) sensible contract resolution, go to syscoin.org.
Syscoin is a decentralized and open-source undertaking based in 2014 whose NEVM blockchain combines the perfect of Bitcoin and Ethereum in a single coordinated modular platform.
Syscoin is ushering within the subsequent step within the evolution of blockchain expertise, offering Bitcoin’s confirmed safety and Ethereum’s Turing-complete programmability elevated to true scalability through ZK-Rollups and different Layer 2 applied sciences.
The undertaking is represented by the nonprofit Syscoin Basis which is registered in Eindhoven, Netherlands.
Launched in September 2017, KuCoin is a world cryptocurrency change with its operational headquarters in Seychelles, providing over 600 digital belongings and presently gives spot buying and selling, Margin buying and selling, P2P fiat buying and selling, futures buying and selling, staking, and lending to its 10 million customers in 207 international locations and areas around the globe. In 2018, KuCoin secured $20 million in Spherical A funding from IDG Capital and Matrix Companions. In line with CoinMarketCap, KuCoin is presently one of many high 5 crypto exchanges. Forbes additionally named KuCoin one of many Greatest Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin the Greatest Crypto Exchanges and Apps for fans.