- KuCoin lists SAROS token from Solana-based crypto initiative Saros for trading.
- SAROS trading pairs with USDT, deposits open, withdrawals start January 20.
- Saros offers Web3 features: self-custody wallet, DeFi tools, NFT center, DApp explorer.
KuCoin, a prominent centralized cryptocurrency exchange, has formally announced its backing of the rapidly expanding crypto initiative on Solana, Saros (SAROS). In an official blog post and via its X handle, KuCoin revealed its decision to include the native token of Saros, SAROS, in its selection of assets available for trading on the exchange.
The announcement from KuCoin conveyed their satisfaction in offering support for the SAROS token through their spot trading feature. According to the announcement, KuCoin has made it possible for users to deposit SAROS tokens. Consequently, users have the ability to transfer their tokens to the exchange using the supported Solana SPL network.
Trading for SAROS begins on Friday, January 19, at 11:00 AM (UTC). SAROS will be paired with the Tether USD (USDT) stablecoin for trading purposes. Withdrawals of SAROS will be available starting on the next day, Saturday, January 20.
Saros is an application designed to transform the Web3 experience on the Solana platform. It began as a decentralized exchange and is now developing into a more extensive offering. Saros aims to deliver a mobile application that combines various features, including ID, DePIN, and Payment, specifically for users within the Solana network.
Additionally, Saros provides functionalities such as a self-custody wallet, decentralized finance tools, a center for non-fungible tokens, a decentralized application explorer, and a system for user identification. The developers believe that these services equip Saros to enable individuals to engage with the international economy and participate in the decentralized ecosystem.
Before KuCoin added support for the SAROS token, the exchange had already included MANTA, a blockchain designed for modularity with an emphasis on zero-knowledge (ZK) applications, in its listings. KuCoin had also listed HON, the token associated with Soul Society, a project leading the development of a Web3 Social ID.
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