TORONTO-(WIRE BUSINESS)-Syscointhe base layer protocol uniquely combines the best of Bitcoin and Ethereum on a single blockchain platform, today announced that the original token (SYS) has been approved and will be listed on international cryptocurrency exchanges. KuCoin, a leading, user friendly exchange, known for its ease of use, wealth of features and low cost. KuCoin will activate SYS deposits for users today, April 27, 2022, at 10:00 UTC. Trading from SYS begins tomorrow, April 28, at 11:00 UTC.
This announcement highlights Syscoin’s ongoing vision of the evolution of blockchain technology — enabling decentralized applications that utilize Bitcoin security and Ethereum’s compatibility. By combining Ethereum’s support for decentralized applications and unmatched Bitcoin network security, Syscoin offers developers and investors significant benefits in speed, efficiency and security unmatched by any existing base layer or layer 2.
KuCoin is a Seychelles-based international digital currency exchange that has been committed since its inception to offer secure, stable and easy-to-use trading services to more than 10 million registered users from more than 200 countries. Billed as a “People’s Exchange,” KuCoin is built for all classes of investors. With more than 600 tradable crypto assets and an accumulated trading volume of over 1 trillion, KuCoin provides an accessible, high liquidity and reliable user experience to welcome new traders and experienced investors.
“We are thrilled to not only offer my growing community more options to buy, sell and trade Syscoin on the world-class KuCoin exchange, which is one of the next steps to bring our platform to a wider audience of crypto investors and free blockchain technology. , ”Jagdeep Sidhu, lead developer and President of Syscoin Foundation.“ Beyond the list, Syscoin and KuCoin hope to enhance our partnership by building further on the Layer 2 ZK-Rollup and Optimistic Rollup Syscoin NEVM integration, which will facilitate the adoption of the Syscoin technology stack by approving technology and ecosystem incubation initiatives. ”
Syscoin and KuCoin look to extend the partnership beyond just listing coins on its trading platform, but to further build on the upcoming layers of Syscoin 2 ZK-Rollup and Optimistic Rollup technologies. Under the partnership, KuCoin will help encourage the adoption of the Syscoin technology stack by supporting the technology and its incubation through ecosystem initiatives.
To learn more about Syscoin’s roadmap to best integrate Bitcoin and Ethereum by pairing Proof of Work (POW) security with a scalable Network-Enhanced Virtual Machine (NEVM) smart contract solution, go to syscoin.org.
About Syscoin
Syscoin is a decentralized and open-source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum on a coordinated modular platform.
Syscoin is taking the next step in the evolution of blockchain technology, providing proven Bitcoin security and the full programmability of Turing Ethereum that is enhanced to true scalability through ZK-Rollups and other Layer 2 technologies.
The project was represented by the non -profit Syscoin Foundation registered in Eindhoven, the Netherlands.
About KuCoin
Launched in September 2017, KuCoin is a global digital currency exchange with operational headquarters in the Seychelles, offers more than 600 digital assets and now provides spot trading, Margin trading, P2P fiat trading, futures trading, staking, and lending for 10 million users in 207 countries and regions around the world. In 2018, KuCoin earned $ 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 as one of the Best Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin as the Best Crypto Exchange and Application for its fans.
