Wednesday, February 19, 2025

KuCoin Lists Moongate (MGT) on Spot Trading Platform

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KEY TAKEAWAYS

  • KuCoin expands its cryptocurrency offerings by listing Moongate (MGT) on its Spot trading platform.
  • Moongate introduces an ‘engage-to-earn’ mechanism, allowing consumers to earn rewards and $MGT emissions.
  • KuCoin advises users to assess risks before investing, highlighting the volatile nature of cryptocurrency markets.

KuCoin has announced the addition of Moongate (MGT) to its Spot trading platform. This new listing is part of KuCoin’s ongoing efforts to expand its cryptocurrency offerings. The trading pair MGT/USDT will be available for trading starting at 12:00 UTC on November 28, 2024.

Deposits for Moongate are already open, supported on the BSC-BEP20 network. Withdrawals will commence at 10:00 UTC on November 29, 2024. This listing aims to provide users with more diverse trading options and enhance the platform’s appeal to a broader audience.

Understanding Moongate’s Protocol

Moongate is an attention asset protocol designed to facilitate real-world activations. It enables brands to issue smart tokens that offer access, rewards, and community engagement. Consumers, in turn, can own their engagement data as assets stored in their digital wallets.

The protocol introduces an “engage-to-earn” mechanism, encouraging active consumer participation. This system allows consumers to earn brand rewards and a share of $MGT emissions, aiming to maximize value exchange between brands and consumers by reducing reliance on centralized platforms.

For more information about Moongate, visit their official website.

Risk Considerations

KuCoin has issued a reminder to users about the inherent risks associated with cryptocurrency investments. The market operates 24/7 globally, and potential investors are advised to conduct thorough risk assessments before engaging in cryptocurrency and blockchain investments.

While KuCoin strives to screen tokens before listing, it acknowledges that risks remain. The platform is not liable for any investment gains or losses. The full announcement can be found here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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