KEY TAKEAWAYS
- KuCoin lists Sonic SVM (SONIC) on its Spot trading platform, expanding its cryptocurrency offerings.
- Sonic SVM, designed for games and applications, is the first network extension on Solana, aiming to power a Web3 TikTok app layer.
- KuCoin advises investors to conduct risk assessments, highlighting the inherent risks in cryptocurrency investments.
KuCoin has announced the listing of Sonic SVM (SONIC) on its Spot trading platform. This new addition is part of KuCoin’s ongoing efforts to expand its cryptocurrency offerings. The announcement was made here.
Deposits for Sonic SVM are now open, utilizing the SOL-SPL network. Trading for the SONIC/USDT pair will commence at 12:00 UTC on January 7, 2025. Withdrawals will be available starting at 10:00 UTC on January 8, 2025.
Understanding Sonic SVM
Sonic SVM is the first network extension to launch on Solana, specifically designed for games and applications. It aims to power a Web3 TikTok app layer, potentially onboarding the next billion users. The project is built with Sonic HyperGrid, a framework for orchestrating optimistic Solana rollups.
For more information about Sonic SVM, interested parties can visit their website or follow their updates on X (Twitter). The whitepaper is also available for those seeking detailed insights into the project.
Investment Considerations
KuCoin has issued a risk warning, reminding users that investing in cryptocurrency is akin to venture capital investing. The market operates 24/7, and investors are advised to conduct their own risk assessments. While KuCoin screens tokens before listing, they acknowledge the inherent risks involved in cryptocurrency investments.
Explore More News:
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.
