KEY TAKEAWAYS
- KuCoin lists DuckChain (DUCK) on its Spot trading platform, enabling trading against USDT.
- DuckChain aims to bridge Web2 and Web3 on Telegram, leveraging Arbitrum Orbit for EVM and AI-driven solutions.
- Various trading bots will support the DUCK/USDT pair, enhancing trading strategies on KuCoin.
- KuCoin advises investors to assess risks independently, as cryptocurrency investments carry inherent risks.
KuCoin has announced the addition of DuckChain (DUCK) to its Spot trading platform. The listing will enable users to trade DUCK against USDT, with the trading pair DUCK/USDT becoming available soon.
The schedule for the listing is as follows: Deposits for DuckChain will open at 10:00 UTC on January 14, 2025, through the TON-JETTON network. Trading will commence at 10:00 UTC on January 16, 2025, and withdrawals will be available from 10:00 UTC on January 17, 2025.
DuckChain: Bridging Web2 and Web3
DuckChain is described as the first consumer layer on Telegram, leveraging the infrastructure of Arbitrum Orbit. It aims to connect Web2 and Web3 by providing EVM and AI-driven solutions tailored for the Telegram ecosystem. This integration is designed to facilitate the migration of applications, the creation of decentralized applications (dApps), and the attraction of liquidity into Telegram.
By offering features such as unified gas payments and intuitive interactions, DuckChain seeks to simplify user onboarding and accelerate the mass adoption of cryptocurrency. The platform emphasizes interoperability and scalability, empowering both users and developers.
Trading Bots and Risk Considerations
Upon the start of Spot trading, the DUCK/USDT pair will be available for various Trading Bots on KuCoin. These include Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend.
KuCoin has issued a risk warning, reminding investors that cryptocurrency investments carry risks similar to venture capital investments. The market operates 24/7, and while KuCoin attempts to screen tokens before listing, investors should conduct their own risk assessments. KuCoin is not liable for any investment gains or losses.
For more details, the official announcement can be found here.
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