Popular Bitcoin and altcoin exchange Kraken has announced a new listing. The new coin that the exchange will add to the platform is KILT Protocol (KILT). As a result of the listing, there was an increase in the price of the cryptocurrency.
Bitcoin and altcoin exchange Kraken lists KILT
Crypto exchange Kraken has opened KILT, saying that users can now make token deposits. KILT Protocol has something to do with Polkadot. KILT is a Blockchain protocol created to publish sovereign, verifiable, revocable anonymous credentials, enabling trust market business models on Web 3.0. It is a blockchain about decentralized identities (DIDs).
KILT token works on both chains. KILT is built on Parity Substrate and launched the mainnet as a Kusama parachain in September 2021. Substrate; The game offers seamless integration opportunities with Kusama and Polkadot projects such as NFTs, DeFi and DEXs. However, after their expiration on their Kusama parachain, they will migrate to their parachain in Polkadot. While it’s unclear whether the project will make a big deal in the future, KILT Protocol has gained a certain degree of popularity in the crypto community.
Recently, cryptocurrency exchange MEXC Global also announced that it has listed KILT. The price of KILT soared as much as 900 percent after MEXC listed it. KILT is changing hands at $9.32, up 4.12 percent at the time of writing. Meanwhile, Kraken ranked fourth in the CoinMarketCap rankings behind Binance, Coinbase and FTX in terms of trading volume in the last 24 hours; Cryptocoin. com, it came to the fore with the Shiba Inu (SHIB) listing recently.