- KuCoin launched the Wormhole (W) challenge’s native token based mostly on Solana.
- Buying and selling of the Wormhole token will start on April 3, whereas withdrawals will open the next day.
- Earlier, the Wormhole group introduced the distribution of 617 million tokens by way of airdrop.
KuCoin, one of many world’s most distinguished cryptocurrency buying and selling platforms, has backed the Wormhole (W) challenge token based mostly on Solana. Wormhole is a cross-chain messaging platform that permits cash to maneuver throughout blockchains. KuCoin has introduced its intention to welcome the W Wormhole token via its official web site and X controller. In keeping with the announcement, KuCoin has added W to its checklist of tradable crypto belongings.
As well as, within the report, KuCoin expressed its pleasure to incorporate the Wormhole token on its spot buying and selling platform and acknowledged it as an ideal challenge. In consequence, KuCoin opened the door to retailer Wormhole W tokens via the Solana (SOL-SPL) supported community.
Specifically, buying and selling of the Wormhole token will start on Wednesday, April 3 at 12:00 UTC. After 24 hours, the alternate will allow Wormhole token withdrawal providers. The accessible buying and selling pair for Wormhole Token is Tether USD (USDT) stablecoin.
For the uninitiated, the W token serves because the native asset powering the Wormhole platform, functioning as a local Solana SPL token in addition to an Ethereum ERC20 token. It makes use of Wormhole’s native token transfers to facilitate clean transfers on any community related to Wormhole.
Final month, the Wormhole group introduced plans to distribute 617 million tokens, representing 6% of the overall token provide, to earlier customers by way of an airdrop. The W token is reportedly buying and selling at $1.7 on the pre-launch buying and selling platform.
Previous to KuCoin’s inclusion within the Wormhole group, the alternate supported different rising crypto challenge tokens similar to Partisia Blockchain’s MPC token, PATEX, AITECH Solidus Ai Tech, SAROS, and Manta Community’s native token.
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