BTSE will add Kyve Network (KYVE) onto its platform on August 7, 2023, adding to its users’ selection of quality digital assets. Additionally, KYVE will be listed on BTSE’s wider ecosystem of 10+ white label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade KYVE via the KYVE/USDT and KYVE/USDC trading pairs.
Key Dates
1. Deposits enabled: 12:00 PM (Singapore Time) on August 7, 2023 (Supported networks: KYVE)
2. Trading enabled: 6:30 PM (Singapore Time) on August 7, 2023
3. Withdrawals enabled: 4:00 PM (Singapore Time) on August 8, 2023
Introducing the KYVE Network – Revolutionizing Data Reliability
The KYVE Network is an initiative providing advanced, user-friendly tools for validating, safeguarding, and accessing data. It establishes a foundation for scalable, trustless data for dApps and modern blockchains, effectively removing risks and obstacles associated with data integrity.
The KYVE Network Token, $KYVE
KYVE’s native token, $KYVE, is an essential part of the KYVE Network project. $KYVE plays a crucial role in the blockchain’s functionality, enabling decentralization while bolstering the security of the chain and protocol. At the chain level, $KYVE contributes to the network’s security through its involvement in delegation and Proof of Stake. From a protocol standpoint, $KYVE aids in funding and delegation, ensuring the safeguarding of uploaded data. When it comes to governance, $KYVE allows for proposal submission and voting, empowering stakeholders to participate actively in KYVE’s ongoing development and expansion.
What Do Traders See in KYVE?
The KYVE Network offers an exciting prospect for dApps running across modern blockchains, as it aims to offer trustless, immutable, and scalable data solutions. For traders, the practicality of this token could add to its inherent value – an attractive proposition for traders learning about the KYVE Network.
Another point of interest for traders are the inflationary tokenomics of $KYVE, which unlocks the best of both worlds with this strategy – during periods of low activity, the network will increase inflation to further incentivize node runners. Conversely, during periods of higher activity, KYVE engages in fee burning to counterbalance inflation created during periods of lower activity.
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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
