- KuCoin has launched the Truflation (TRUF) native token of the RWA-focused undertaking.
- Buying and selling of the Truflation token will start on April 9, whereas withdrawals will open the next day.
- Truflation is backed by Chainlink (LINK) and main US-based trade Coinbase.
Distinguished international trade KuCoin has declared help for Truflation (TRUF), a fast-growing crypto undertaking targeted on the tokenization of actual belongings (RWA). KuCoin introduced the transition to itemizing TRUF as a tradable asset on its spot platform via its official web site and X deal with on April 8.
As well as, within the report, KuCoin expressed satisfaction with the addition of the Truflation token to its spot buying and selling platform, recognizing it as a wonderful undertaking. Accordingly, KuCoin opened the door to retailer Truflation tokens via two supported networks: Ethereum (ETH-ERC20) and Arbitrum (ARB-ERC20).
Considerably, TRUF token buying and selling is scheduled to start on Tuesday, April 9 at 09:00 UTC. After 24 hours, the trade will activate the withdrawal companies for the TRUF token. The buying and selling pair accessible for the TRUF token is Tether USD (USDT) stablecoin.
For these unfamiliar, Truflation serves as the first Particular Reference Level (DRP) for financial accuracy and is on the forefront of real-world asset tokenization via its unbiased, clear and real-time monetary information.
With a large-scale index monitoring over 13 million objects, Truflation gives a censorship-resistant information infrastructure and drives systemic progress within the DeFi economic system. This permits decentralized functions (dApps) like DEXs to entry limitless markets.
From predicting orange juice and uranium costs to facilitating BTC-denominated oil, gasoline and corn markets, Truflation unlocks a various vary of monetary devices and ushers in a brand new period within the Web3 setting.
Notably, the undertaking has acquired help from established gamers within the crypto house reminiscent of Chainlink (LINK) and main US trade Coinbase.
Earlier than KuCoin added the Truflation token to its itemizing, the trade already supported tokens from different rising crypto tasks, together with the MPC Partisia Blockchain token, PATEX, Solidus Ai Tech’s AITECH, SAROS, and Manta Community’s native token.
Disclaimer: The data offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any form. Coin Version shall not be answerable for any losses incurred because of the usage of mentioned content material, services or products. Readers are suggested to train warning earlier than taking any motion associated to the Firm.
