- KuCoin lists the bitSmiley (SMILE) token, the primary BTC-native stablecoin protocol.
- SMILE token buying and selling begins on Wednesday, with the SMILE/USDT pair.
- KuCoin permits deposits of SMILE tokens by way of the Ethereum ERC20 community and allows withdrawals after 24 hours.
KuCoin, a number one cryptocurrency alternate, introduced the official itemizing of the bitSmiley (SMILE) token, a stablecoin protocol native to the Bitcoin blockchain. As confirmed on the KuCoin web site and social media platforms, SMILE tokens at the moment are accessible on the platform, with buying and selling anticipated to start this Wednesday.
SMILE Itemizing Particulars on KuCoin
In its assertion, KuCoin expressed its pleasure about including the SMILE token to its spot buying and selling platform, recognizing it as a novel and precious addition. As a part of the combination, KuCoin enabled the deposit of SMILE tokens 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 a interval of 24 hours, SMILE token withdrawal providers shall be activated. The token shall be listed with Tether USD (USDT) and customers will be capable to commerce below the SMILE/USDT pair.
For many who will not be aware of it, bitSmiley is the primary BTC-native stablecoin protocol constructed on the Bitcoin blockchain, working inside the Fintegra framework. It consists of three major elements: a decentralized and overcollateralized stablecoin protocol, a local trustless lending protocol, and a by-product protocol.
Notably, bitSmiley allows BTCfi as the primary BTC-native stablecoin protocol. By bringing Bitcoin liquidity to each chain, bitSmiley is altering the way in which Bitcoin interacts with the broader blockchain ecosystem, opening up 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), My Protocol (MON), and Mavia (MAVIA).
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