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- KuCoin lists the bitSmiley token (SMILE), the primary BTC-native stablecoin protocol.
- SMILE token buying and selling begins on Wednesday, with the SMILE/USDT pair.
- KuCoin allows SMILE token deposits by way of Ethereum ERC20 community and prompts withdrawals after 24 hours.
KuCoin, a number one cryptocurrency change, has introduced the official itemizing of the bitSmiley token (SMILE), a stablecoin protocol native to the Bitcoin blockchain. As confirmed on KuCoin’s web site and social media platforms, SMILE tokens are actually accessible on the platform, with buying and selling set to start this Wednesday.
Particulars of SMILE Itemizing on KuCoin
In its assertion, KuCoin expressed enthusiasm about including the SMILE token to its spot buying and selling platform, recognizing it as a novel and beneficial addition. As a part of the combination, KuCoin has enabled the deposit of SMILE tokens by way of the supported Ethereum ERC20 community.
Buying and selling for the SMILE token on KuCoin will formally start on Wednesday, November 6, at 10:00 UTC. After a 24-hour interval, withdrawal providers for the SMILE token will likely be activated. The token will likely be listed with Tether USD (USDT), and customers will have the ability to commerce underneath the SMILE/USDT pair.
For individuals who might not be acquainted, 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, overcollateralized stablecoin protocol, a local trustless lending 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, unlocking new prospects for decentralized finance throughout a number of networks.
Earlier than bitSmiley, different promising crypto tasks KuCoin listed included BlockGames (BLOCK), MixMob (MXM), Mon Protocol (MON), and Mavia (MAVIA).
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