Tech

KuCoin Lists Creator Protocol Token Atem Network on Spot Trading

11/16/2023
Bitcoin Ethereum News
  • KuCoin proclaims support for the Atem Network token via its Spot trading platform.
  • Trading of ATEM/USDT begins on November 15, followed by withdrawal services.
  • Atem Network is a decentralized content creation protocol that empowers creators to tokenize their content.

Leading cryptocurrency exchange KuCoin has proclaimed significant support from the fast-growing crypto project Atem Network (ATEM), a decentralized content creation protocol. 

Specifically, KuCoin has declared the addition of the ATEM token to its Spot trading platform, expressing enthusiasm for expanding its offerings.

KuCoin noted this addition in a recent post on X (formerly Twitter) and on its official blog.

Per the notification, Atem Network enthusiasts can start depositing their ATEM tokens immediately on the KuCoin trading platform. Notably, KuCoin stated it accepts ATEM via the supported network, BEP20.

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Meanwhile, KuCoin has set a different schedule for the commencement of ATEM trading and withdrawals on the exchange. The announcement report noted that while trading goes live on November 15 at 10 a.m. (UTC), withdrawals for ATEM will commence on Thursday, November 16 at 10 a.m. (UTC). The trading pair for ATEM is the Tether USD (USDT) stablecoin.

For the uninitiated, Atem Network is described as a decentralized content creation protocol that empowers creators to tokenize their content and build Web3 native communities. The platform has garnered significant user engagement through its products, AtemChat and AtemReview.

Notably, AtemReview boasts over 200,000 users, 400,000 content creations on Arweave, and 2.5 million interactions. Similarly, AtemChat has drawn over 30,000 users, facilitating the creation of more than 7,000 token-gated groups.

In terms of investment, Atem Network has secured $3 million in funding from notable backers. They include INCE Capital, Mirana Ventures, Foresight Ventures, Mask Network, GSRV, A&T Capital, Atlas Capital, Zonff Partners, and Michael Zhang (co-founder of Zhihu).

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Source: https://bitcoinworld.co.in/kucoin-lists-creator-protocol-token-atem-network-on-spot-trading/