KuCoin Lists Solayer (SOLAYER) on Spot Trading Platform – BitRss

KuCoin lists Solayer (SOLAYER) on its Spot trading platform, enhancing its cryptocurrency offerings.
Solayer’s InfiniSVM architecture aims for high throughput and low latency, targeting over 1 million TPS.
KuCoin advises investors to conduct risk assessments due to the volatile nature of cryptocurrency markets.

KuCoin has announced the listing of Solayer (SOLAYER) on its Spot trading platform. The announcement, made here, outlines the details for deposits, trading, and withdrawals for the new cryptocurrency.

Deposits for Solayer are effective immediately, supported by the SOL ($203.65)-SPL network. Trading will commence once liquidity requirements are met, while the withdrawal schedule is yet to be determined. The trading pair available will be SOLAYER/USDT ($1.00).

Once spot trading begins, SOLAYER/USDT will also be accessible for Trading Bots. The services offered include Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend.

Understanding Solayer’s Blockchain Architecture

Solayer is developing InfiniSVM, a next-generation blockchain architecture aimed at achieving high throughput, low latency, and robust composability. The architecture utilizes Infiniband RDMA for near-microsecond inter-node communication and advanced concurrency control strategies. This design targets over 1 million transactions per second (TPS) and network bandwidth exceeding 100Gbps, catering to applications requiring high throughput and low fees.

Solayer was launched in the first quarter of 2024, and its on-chain ticker name is Solayer (LAYER ($0.03)). Due to a ticker duplicate issue, KuCoin will use SOLAYER as the ticker for trading purposes.

Risk Considerations for Investors

KuCoin advises users to conduct their own risk assessments when investing in cryptocurrencies. The platform emphasizes that the cryptocurrency market operates 24/7 without market close or open times, and investing in this space is akin to venture capital investing. While KuCoin attempts to screen all tokens before listing, it acknowledges the inherent risks involved in cryptocurrency investments.

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