DearKuCoinUsers,
KuCoinisextremelyproudtoannounceyetanothergreatprojectcomingtoourtradingplatform.Mina(MINA)willbeavailableonKuCoin.ThesupportedtradingpairisMINA/USDT.
Pleasetakenoteofthefollowingschedule:
Deposits:EffectiveImmediately(SupportedNetwork:MINAMainnet)Trading:10:00onMarch8,2023(UTC)Withdrawals:10:00March9,2023(UTC)Tags:POS,Staking,ZeroKnowledgeProofs
WhatisMina?
Minaisalayer-1protocolwithasuccinctblockchain.ThecurrentblockchainslikeBitcoinandEthereumstorehundredsofgigabytesofdata,andtheirblockchainswillonlyincreaseinsizeovertime.WithMina,theblockchainalwaysstaysthesamesize-about22kb(thesizeofafewtweets),regardlessofthegrowthinusage.Thisenablesuserstoquicklysyncandverifythenetwork,whichhelpstoincreasenetworkdecentralizationandreducethevulnerabilitytoa51%attackonthenetwork.
MINAisthenativeutilitytokenoftheprotocolandhasthefollowingusecases:
Staking:UsersmayrunnodesandstaketheirMINAtokenstohelpsecurethenetworkinreturnforstakingrewards(paidinMINAtokens).Alternatively,usersmayindirectlystaketheirtokensbydelegatingtoathird-partystakingservice.Notethatthereisalatencyperiodof2to4weeksbeforeanynewdelegatedstakingcomesintoeffect.
Networktransactionfees:Userswillpayfornetworktransactionfees(inMINAtokens)foreachinteractionwithSnapps(dApps)ontheMinaNetwork.
Blockproduction:Blockproducersarevalidatorsthatachieveconsensusandprovidesecuritytotheblockchain.TheyearnblockrewardsinreturnforstakingMINAtokensandproducingnewblocksontheblockchain.
Website:https://minaprotocol.com/
Whitepaper:ClicktoView
RiskWarning:Investingincryptocurrencyisakintobeingaventurecapitalinvestor.Thecryptocurrencymarketisavailableworldwide24x7fortradingwithnomarketcloseoropentimes.Pleasedoyourownriskassessmentwhendecidinghowtoinvestincryptocurrencyandblockchaintechnology.KuCoinattemptstoscreenalltokensbeforetheycometomarket,however,evenwiththebestduediligence,therearestillriskswheninvesting.KuCoinisnotliableforinvestmentgainsorlosses.
Regards,
TheKuCoinTeam
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