TORONTO–(BUSINESS WIRE)–Apr 27, 2022–
Syscoin, the base layer protocol uniquely combining the best of Bitcoin and Ethereum in a singular blockchain platform, today announced that its native token (SYS) has been approved and will list on international cryptocurrency exchange KuCoin, a leading, user friendly exchange, known for its ease of use, feature richness and low fees. KuCoin will enable SYS deposits for users today, April 27, 2022, at 10:00 AM UTC. Trading of SYS begins tomorrow, April 28, at 11:00 AM UTC.
This announcement spotlights Syscoin’s ongoing vision for the evolution of blockchain technology—enabling decentralized applications that leverage the security of Bitcoin and the composability of Ethereum. By combining Ethereum’s support for decentralized applications and the unmatched security of the Bitcoin network, Syscoin offers developers and investors significant advantages in speed, efficiency and security unmatched by existing base layers or layer 2s.
KuCoin is a Seychelles-based international cryptocurrency exchange committed from its inception to offering a secure, stable and easy-to-use trading service for its over 10 million registered users from over 200 countries. Billed as the “People’s Exchange,” KuCoin is built for all classes of investors. With over 600 tradable crypto assets and accumulated trading volume exceeding 1 trillion, KuCoin delivers an accessible, high-liquidity and reliable user experience to welcome novice traders and experienced investors alike.
“We are thrilled to not only offer our growing community more options to buy, sell and trade Syscoin on KuCoin’s world class exchange, which is one of the next steps in bringing our platform to a far broader audience of crypto investors and complimentary blockchain technology,” said Jagdeep Sidhu, lead developer and President of the Syscoin Foundation. “Beyond the listing, Syscoin and KuCoin are anticipating deepening our partnership by building further upon Syscoin NEVM’s Layer 2 ZK-Rollup and Optimistic Rollup integrations, which will help foster adoption of the Syscoin technology stack by endorsing the tech and ecosystem incubation initiatives.”
Syscoin and KuCoin look to extend their partnership beyond just listing the coin on its trading platform, but to further build upon Syscoin’s upcoming layer 2 ZK-Rollup and Optimistic Rollup technologies. Under the partnership, KuCoin will look to help to foster adoption of Syscoin’s technology stack through supporting these technologies and incubating via ecosystem initiatives.
To learn more about Syscoin’s roadmap to combine the best of Bitcoin and Ethereum by pairing Proof of Work (POW) security with their scalable Network-Enhanced Virtual Machine (NEVM) smart contract solution, visit syscoin.org.
Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.
Syscoin is ushering in the next step in the evolution of blockchain technology, providing Bitcoin’s proven security and Ethereum’s Turing-complete programmability elevated to true scalability via ZK-Rollups and other Layer 2 technologies.
The project is represented by the nonprofit Syscoin Foundation which is registered in Eindhoven, Netherlands.
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles, offering over 600 digital assets and currently provides spot trading, Margin trading, P2P fiat trading, futures trading, staking, and lending to its 10 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Forbes also named KuCoin one of the Best Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin the Best Crypto Exchanges and Apps for enthusiasts.
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CONTACT: Sarah Krieger
On Behalf of Syscoin
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
Copyright Business Wire 2022.
PUB: 04/27/2022 12:21 PM/DISC: 04/27/2022 12:21 PM
Copyright Business Wire 2022.