Krakenissupportingfournewassets:BandProtocol(BAND),InjectiveProtocol(INJ),MirrorProtocol(MIR)and1inchNetwork(1INCH)
Depositsforallfourassetsareavailablestartingnow?TradingwillbeginonAugust10atapproximately15:30UTCforallassets?Note:TradingisnotavailabletoresidentsoftheUSA,Canada,AustraliaandJapan.
Here’sarundownofthenewassetsavailablefordepositonKrakentoday.
BandProtocol(BAND)–BandProtocolisacross-chaindataoracleplatformthatprovidesreal-worlddatatodecentralizedapplications(dapps)runningonblockchains.Tofacilitatetheexchangeofinformation,smartcontractscanconnecttoBand’sAPIwhichaggregatesreal-worldinformationtoberelayedtotheblockchain.Band’scryptocurrency,BAND,canbestakedbythosewhowishtobecomevalidatorsandchecktransactionsontheBandProtocol.BANDtokenholderscanalsousetheirtokenstoparticipateinBand’sgovernancemechanism.
InjectiveProtocol(INJ)–TheInjectiveProtocolisadecentralizedexchange(DEX)thatoffersvariousfeaturessuchascross-chainmargintrading,derivativesandforexfuturestrading.BuiltontheCosmosblockchainasalayer-2application,Injectiveusesbridgestooffercross-chaincapabilitiesfortraderstotradeacrossotherplatformssuchasEthereumandPolkadot.TheexchangeisoperatedbytheINJtoken,Injective’scryptocurrency,whichisusedbymakersandtakerstopayfortransactionfeesonitsnetwork.
MirrorProtocol(MIR)–TheMirrorProtocolisadecentralizedfinance(DeFi)protocolpoweredbysmartcontractsthatenablesthecreationofsyntheticassetscalledMirroredAssets(mAssets).mAssetsmimicthepricebehaviorofreal-worldassets(likegold)andgivetradersopenaccesstotheirpriceexposurewithouthavingtoownortransactwiththeactualassets.TheMirrortoken(MIR)ismintedbytheprotocolanddistributedasarewardtonodeswhohelpsecuretheecosystem.
1inchnetwork(1INCH)–1inchisadecentralizedexchange(DEX)platformbuiltonEthereumthataimstofindthebestexchangeratesforitsparticipantsacrossallleadingDEXs.Thismeansthat1inchaggregatestokenpricesacrossallDEXs,suchasUniswaporSushi,andfindsthebestswappingroutesavailablefortraderstoexchangetheirtokenswhilemitigatingoveralltransactioncosts.Itsgovernancetoken,1INCH,allowsthosewhostakeittovoteonnetworkupgradesthatdictatehowthesoftwareisrun.?
Whattimewillfundingandtradingstart?
Funding:Alreadyavailable–youcandepositBAND,INJ,MIRand1INCHnow!Trading:StartsAugust10atapproximately15:30UTC(Krakenwillenableorderentryandexecutionatthistime)UpdateswillbepostedonthestatuspagenearlaunchtimeTradingpairsfor?
EachnewassetwillbeavailablefortradinginUSDandEUR
HowtodepositBAND,INJ,MIRand1INCH
Navigateto“Funding”>Selecttheasset.Youcanfindtheasseteitherbyticking“Showallassets”orbysearching(e.gfor“1INCH”or“INJ”)Click“Deposit”nexttotheassetandfollowtheon-screeninstructionsConfirmationsrequiredbeforedepositscredit
BAND:20(about5minutes)INJ:20(about5minutes)MIR:20(about5minutes)1INCH:20(about5minutes)Tradingminimums
1BAND0.5INJ1MIR21INCHFeesandfundingminimums?
DepositfeesandminimumsWithdrawalfeesandminimumsWhichserviceswillbeavailableforBAND,INJ,MIRand1INCH?
Available
KrakenKrakenProNot(yet)available
KrakenFuturesMarginTradingWillKrakenlistmoreassets?
Yes!Butourpolicyisnottorevealanydetailsuntilshortlybeforelaunch–notevenwhichassetsweareconsidering.AllofKraken’slistedtokensareavailableonourwebsite,andallfuturetokenswillbeannouncedonKraken’sblogandsocialmediaprofiles.Ourclientengagementspecialistscannotansweranyquestionsaboutwhichassetswemaybelistinginthefuture.?
Tradewithcaution
Limitordersarerecommendedwhentradingstartssincethemarketsmaybeilliquidinitially.Beextremelycarefulwithmarketordersandordersthattriggermarketorders(e.g.stoploss).
Investwithcaution
Listinganassetortokenfortradeisnotarecommendationtobuy,sell,orparticipateintheassociatednetwork.Doyourownresearchandinvestatyourownrisk.
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