KEY TAKEAWAYS
- KuCoin lists Holdstation (HOLD) on its Spot trading platform, with trading starting on December 12, 2024.
- Holdstation bridges users to DeFi and AI innovations, offering features like token swaps and an AI Agent Marketplace.
- zkSync, a Layer 2 network, supports Holdstation, requiring Layer 1 transaction confirmation for unlocking.
- KuCoin advises users to assess risks when investing in cryptocurrencies, despite token screening processes.
KuCoin has announced the listing of Holdstation (HOLD) on its Spot trading platform. The announcement was made here, detailing the schedule for deposits, trading, and withdrawals.
Deposits for Holdstation are effective immediately, supported on the zkSync Era-ERC20 network. Trading for the HOLD/USDT pair is set to commence at 11:00 UTC on December 12, 2024. Withdrawals will be available starting at 10:00 UTC on December 13, 2024.
Understanding Holdstation and Its Features
Holdstation is a wallet designed to bridge users to decentralized finance (DeFi) and artificial intelligence (AI) innovations. It allows users to swap tokens, connect to decentralized applications (dApps), and transact across networks such as zkSync, Ethereum, and Berachain without the need for native gas tokens.
The platform also offers an AI Agent Marketplace, enabling users to invest in and co-own tokenized innovations. Holdstation provides free gas for large transactions, stablecoin payments, and a user-friendly interface.
Technical Details and Risk Considerations
It is important to note that zkSync is a Layer 2 (L2) network. After crediting, the corresponding Layer 1 (L1) transaction needs confirmation before unlocking, which takes approximately 23-25 hours.
KuCoin advises users to conduct their own risk assessments when investing in cryptocurrency and blockchain technology. While KuCoin screens tokens before listing, investing in cryptocurrencies carries inherent risks.
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