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- KuCoin proclaims assist for modular blockchain Dymension (DYM).
- DYM tokens can now be deposited on KuCoin, with buying and selling beginning on February 6.
- Dymension hyperlinks rollups by way of the standardized Inter-Blockchain Communication (IBC) protocol.
KuCoin, a outstanding centralized cryptocurrency alternate, has formally declared its backing for Dymension (DYM), a quickly increasing modular blockchain designed to safe and interconnect rollups.
In an official weblog put up and communication by way of its X deal with, KuCoin revealed its choice to incorporate Dymension’s token, DYM, within the listing of tradable property on its platform.
Within the notification, KuCoin expressed satisfaction with endorsing Dymension’s token on its spot buying and selling service. Per the notification, KuCoin has already opened the door for DYM deposits. In consequence, customers can now ship their tokens to the platform by way of the supported mainnet community.
Considerably, the official graduation of DYM buying and selling was scheduled for Tuesday, February 6, at 15:00 (UTC). The designated buying and selling pair for DYM is the Tether USD (USDT) stablecoin. Customers could have the chance to provoke DYM withdrawals beginning the next day, Wednesday, February 7.
Basically, Dymension is a layer one blockchain system engineered to safeguard and hyperlink rollups by way of the standardized Inter-Blockchain Communication (IBC) protocol. It standardizes rollups by way of IBC, just like how the ERC standardized tokens.
Previous to Dymension, KuCoin had listed the Manta Community token, a comparable modular blockchain targeted on zero-knowledge functions. Notably, Manta Community has secured investments from outstanding Web3 funding funds, akin to Binance Labs and Polychain Capital.
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