KuCoin has taken a new NFT ETF – hiENS4 – live on its exchange platform. It is powered by the Fracton Protocol, and the new trading pair – HIENS4/USDT – will now be supported by KuCoin.
hiENS4, an ERC-20 token, can be traded from August 18, 2022, 10:00 (UTC). Deposits and withdrawals will share the same timeline, becoming available on August 21, 2022, at 10:00 (UTC). hiENS4 represents 1/1,000,000 ownership of one 4-digit ENS in the ENS4 Meta-Swap pool of Fracton Protocol.
Fracton Protocol empowers the holders by providing NFT liquidity infrastructure and, permissionless liquidity & oracle for all non-fungible tokens. Fracton Protocol has a running mechanism called two-step fractionalization (ERC721 – ERC1155 – ERC20).
Fracton is now aiming to build a non-status smart contract system that will increase its efficiency and maximize the security of an asset while bringing down the gas fees for the users.
KuCoin is a crypto exchange platform, and it would be safe to say that it is one of the best ones across the globe. It was founded in 2017 with headquarters in Seychelles, and over 600 cryptocurrencies are listed on the platform.
These include Bitcoin, Ethereum, and Ripple, to mention a few. More than 1,000 trading pairs live on the exchange platform, giving users a lot of options to choose from to build a portfolio of trading pairs. More details can be read on the KuCoin Exchange review, which also contains a list of products and services offered by this crypto exchange platform.
Countries that support the operations of KuCoin are the United States of America, the United Kingdom, Australia, Canada, and many more countries. Users from all the countries can participate with the national currency as over 50 fiat currencies are supported by KuCoin.
Services offered by KuCoin are not just restricted to buying and selling tokens, and it includes a crypto loan service for a specific interest rate. The loan service enables a user to earn some interest by lending their holding to another user. Mobile applications of KuCoin are easy to download and use, and an easy-to-use user interface backs them.
The trading and gas fees are comparatively on the lower side compared to other crypto exchange platforms. Users can access micro withdrawal wallets after registering on the platform.
Sign up process makes it easier for a new user to get onboard without spending hours; only a few minutes are required to register on the platform. The sign-up process begins with a user’s valid email address and phone number.
These come in handy in the next step when the user has to enter the verification code received in email or on contact number. Set up a strong password to begin trading cryptocurrencies on the platform. New users do not need to worry as KuCoin offers a Demo Trading Account to help them get familiar with the platform and the trading practices along with all the tools.