KuCoin, a prominent centralized cryptocurrency exchange, has announced its support for Soul Society, a leading project in the development of Web3 Social ID. In an official blog post and communication on its X handle, KuCoin revealed its decision to include Soul Society's native token, HON, in its list of supported assets.
Pride in Supporting HON Token:
KuCoin expressed pride in supporting the HON token on its spot trading service. The official announcement highlighted the initiation of deposits for HON tokens on the Ethereum ERC20-supported network.
Trading Commences:
Trading for HON officially commenced on Wednesday, January 17, with the designated trading pair being Tether USD (USDT) stablecoin. Users gained the ability to withdraw their HON tokens starting Thursday, January 18.
Soul Society's Web3 Social ID:
Soul Society is at the forefront of creating a Web3 Social ID, introducing Growth-Type Soul Bound Tokens (SBTs). This innovative approach transforms daily activities into rewarding quests, establishing a unique blockchain-based social identity that assigns value to routine actions.
KuCoin's Support for Innovative Projects:
KuCoin has demonstrated support for various innovative crypto projects. Previously, the exchange added support for MANTA, the native token of the Manta Network, a modular blockchain focused on zero-knowledge (ZK) applications. Additionally, KuCoin listed SNS, the native token of the TrendFi music platform Sonorus, which aims to bridge the worlds of cryptocurrency and music, offering users incentives and rewards.
KuCoin's embrace of projects like Soul Society reflects its commitment to fostering innovation and participating in the development of cutting-edge technologies within the cryptocurrency space.