KuCoin Embraces Metaverse Momentum, Adds Support for ROOT Token

The leading centralized KuCoin crypto exchange has announced its support for Root Network (ROOT), a crypto project focusing on the metaverse. The exchange noted that the addition of the ROOT token to its Spot trading platform reflects its eagerness to diversify the assets available for trading. This listing was announced on KuCoin’s official blog on Monday, November 20, and on the X platform (previously known as Twitter).

💥World Premiere💥

📢 New Listing@TheRootNetwork $ROOT Gets Listed on #KuCoin!

💎 Pair: ROOT/USDT
💎 Deposit: now open (network: ERC20)
💎 Trading: 08:00 AM on November 21, 2023 (UTC)

— KuCoin (@kucoincom) November 20, 2023

As per the notification, investors in Root Network can now promptly deposit their ROOT tokens on the KuCoin trading platform. KuCoin specified that it accepts ROOT deposits only through the supported network: Ethereum’s ERC20.

Furthermore, the announcement highlighted that although trading commences on November 21, the withdrawal of ROOT tokens officially begins the following day, November 22. The trading pair for ROOT on the KuCoin spot platform is the Tether (USDT) stablecoin, “ROOT/USDT.”

Meanwhile, KuCoin issued a cautionary note regarding ROOT withdrawals. “While trying to withdraw your ROOT tokens from KuCoin, please use an ERC20 wallet and not your FuturePass address,” the statement read.

For those unfamiliar, the Root Network is a novel Layer One designed to function as the central hub for the open metaverse, facilitating connections between various entities. Specifically tailored for the open metaverse, the Root Network incorporates core user experience (UX) and digital content-focused protocols. These protocols are engineered to foster a seamless user experience and promote enhanced asset interoperability throughout the open metaverse landscape.

Notably, Root Network has joined the burgeoning roster of rapidly expanding crypto projects the leading crypto exchange platform has recently supported. Other listed projects include Shrapnel (SHRAP), Atem Network, and KlubCoin (KLUB).

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source