- KuCoin launches bitSmiley token (SMILE), the primary BTC-native stablecoin protocol.
- SMILE token buying and selling begins on Wednesday with the SMILE/USDT pair.
- KuCoin allows deposits of SMILE tokens through the Ethereum ERC20 community and prompts withdrawals after 24 hours.
KuCoin, a number one cryptocurrency change, has introduced the official launch of the bitSmiley token (SMILE), a steady coin protocol native to the Bitcoin blockchain. As confirmed on the KuCoin web site and social media platforms, SMILE tokens at the moment are obtainable on the platform, with buying and selling set for this Wednesday.
Particulars of SMILE assertion on KuCoin
In a press release, KuCoin expressed its pleasure concerning the addition of the SMILE token to its spot buying and selling platform, recognizing it as a singular and helpful addition. As a part of the combination, KuCoin has enabled SMILE tokens to be deposited through the supported Ethereum ERC20 community.
Buying and selling of the SMILE token on KuCoin will formally start on Wednesday, November 6 at 10:00 UTC. After 24 hours, SMILE token withdrawal providers might be activated. The token might be listed with Tether USD (USDT) and customers will be capable to commerce below the SMILE/USDT pair.
For many who could not know, bitSmiley is the primary BTC native stablecoin protocol constructed on the Bitcoin blockchain, working inside Fintegra. It consists of three important parts: a decentralized, re-collateralized stablecoin protocol, a local belief mortgage protocol, and a derivatives protocol.
Notably, bitSmiley allows BTCfi as the primary BTC native stablecoin protocol. By bringing Bitcoin liquidity to each chain, bitSmiley is altering the best way Bitcoin interacts with the broader blockchain ecosystem and opening up new prospects for decentralized finance throughout completely different networks.
Earlier than bitSmiley, different promising KuCoin listed crypto tasks included BlockGames (BLOCK), MixMob (MXM), Mon Protocol (MON) and Mavia (MAVIA).
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