KEY TAKEAWAYS
- KuCoin lists the LOFI token on its Spot trading platform, with trading starting on January 10, 2025.
- LOFI is a cultural project on the Sui blockchain, aiming to build a positive community around the character Lofi the Yeti.
- KuCoin advises investors to conduct thorough risk assessments due to the inherent risks in cryptocurrency investments.
KuCoin has announced the listing of the LOFI token on its Spot trading platform. The token, which is part of the Lofi project on the Sui blockchain, will be available for trading starting January 10, 2025.
According to the announcement, deposits for LOFI are effective immediately, with the supported network being SUI. Trading for the LOFI/USDT pair will commence at 10:00 UTC on January 10, 2025. Withdrawals will be enabled from 10:00 UTC on January 11, 2025.
About the LOFI Project
LOFI is described as a leading cultural project on the Sui blockchain, launched in 2024. The project centers around Lofi the Yeti, a character that symbolizes a collective mission to foster a positive and connected ecosystem on the Sui blockchain. The initiative aims to inspire a forward-thinking community globally.
For more information about the LOFI project, interested parties can visit their official website.
Risk Considerations
KuCoin has issued a reminder about the inherent risks associated with cryptocurrency investments. The platform emphasizes the importance of conducting thorough risk assessments before investing, as the cryptocurrency market operates continuously without closing times. While KuCoin attempts to screen tokens before listing, it acknowledges that risks remain.
The full announcement can be accessed here.
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