KEY TAKEAWAYS
- KuCoin has listed LayerEdge (EDGEN) on its Spot trading platform, with deposits now open and trading schedules to be announced.
- LayerEdge introduces edgenOS, a zk verification layer that transforms devices into verification nodes, leveraging Bitcoin’s security.
- The EDGEN token supports low-cost zk verification and rewards participants, aiming to create a decentralized, user-verified internet.
- KuCoin advises users to assess risks before investing, highlighting the continuous nature and inherent risks of the cryptocurrency market.
KuCoin has announced the addition of LayerEdge (EDGEN) to its Spot trading platform. The announcement, made here, highlights the availability of EDGEN for deposits, with trading and withdrawal schedules to be announced at a later date.
The trading pair for LayerEdge will be EDGEN/USDT. Once spot trading begins, users will have access to various trading bots, including Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend.
Understanding LayerEdge’s Role in Blockchain Verification
LayerEdge is pioneering a people-powered zk verification layer known as edgenOS. This network aims to democratize blockchain verification by transforming ordinary devices into verification nodes. With over one million users, LayerEdge leverages Bitcoin’s security to create a decentralized verification ecosystem.
The EDGEN token fuels the LayerEdge ecosystem, facilitating low-cost zk verification and enabling participants to earn rewards while securing the network. This approach aims to establish a Bitcoin-backed internet verified by its users.
Details and Risk Considerations
Deposits for EDGEN are currently open on the ETH-ERC20 network. However, the specific dates for the call auction, trading, and withdrawals are yet to be announced. Interested users can find more information about the call auction and other details in KuCoin’s Help Center.
KuCoin advises users to conduct their own risk assessments before investing in cryptocurrencies, as the market operates continuously without closing times. Despite thorough screening processes, investing in cryptocurrencies carries inherent risks.
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