KEY TAKEAWAYS
- Kraken has launched trading for three new cryptocurrencies: ai16z, Fartcoin, and Griffain, enhancing its platform offerings.
- Users must deposit assets into their Kraken accounts using supported networks to begin trading these new tokens.
- Ai16z supports decentralized platforms for machine learning, while Fartcoin and Griffain are Solana-based tokens with unique functionalities.
Kraken has announced the addition of three new cryptocurrencies—ai16z, Fartcoin, and Griffain—to its trading platform. Trading for these assets went live at 15:00 PM UTC on January 23, 2025. This development allows users to engage with these tokens on both Kraken and Kraken Pro.
To begin trading, users must first deposit the desired asset into their Kraken account. This can be done by navigating to the ‘Funding’ section, selecting the asset, and clicking ‘Deposit.’ It is crucial to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks will be lost.
Trading Parameters and Restrictions
The newly listed tokens are available for trading against USD and EUR with specific parameters. Ai16z and Fartcoin have a minimum order size and deposit requirement of 5 units, while Griffain requires a minimum of 10 units. The price decimal precision for all three tokens is set at 0.0001.
Trading via the Kraken App and Instant Buy will be enabled once sufficient liquidity conditions are met. This means that a sufficient number of buyers and sellers must be present in the market for efficient order matching. Additionally, geographic restrictions may apply to these trading activities.
Overview of the New Tokens
Ai16z is a cryptocurrency designed to support decentralized platforms for machine learning and automation. It operates on a scalable blockchain, offering fast and secure transactions along with staking rewards. This token aims to foster advancements in artificial intelligence.
Fartcoin, a Solana-based memecoin, was originally conceived by an AI bot named Truth Terminal and launched by an anonymous developer. It is characterized as an ‘ideal meme’ due to its well-distributed supply, with no single entity holding a large portion of its tokens. Fartcoin serves no functional purpose beyond being a memecoin.
Griffain is another Solana-based token, functioning as an AI agent to assist users with various on-chain tasks. Its network of agents simplifies blockchain interactions by performing tasks such as information searches and executing swaps.
For more details on the new listings, visit the official announcement here.
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