Following digital asset firm Kraken’s listing and staking of MINA tokens for most nations, the firm is pleased to confirm the availability of Mina trading and staking “with up to 20% in yearly rewards for residents of the USA, Canada and Australia.”
Funding and Trading
You can add MINA to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.” Trading is “now live” as of March 15, 2022.
Here’s what you need to know:
- Ticker MINA
- Tradeable against EUR, USD, GBP, BTC
- Price precision 2 decimal places for EUR USD GBP
- 7 decimal places for BTC
- Deposit confirmations required 15 (~60 minutes)
- Not available in Japan
- Services available Kraken, the Kraken Pro interface
Staking
You can “stake MINA on your Kraken account by navigating to Earn, clicking on ‘STAKING’ and then selecting the asset you would like to stake.” Input the amount of the asset you want “to stake, then follow the on-screen instructions.”
What is MINA?
Mina is a blockchain built “to maintain a constant size, regardless of the number of network participants or amount of transaction history.” Mina achieves this “using a new technology called zero knowledge proofs (zk-SNARKs).”
zk-SNARKs are micro-crypto certificates “stored by nodes and used to verify transactions in a private and efficient manner, without requiring nodes to store the entire chain.”
Mina is a Proof-of-Stake protocol “for programmable payments, apps, and permissionless privacy which is secured cryptographically.” The protocol’s MINA cryptocurrency can be “used by holders to help govern development and to pay for transactions within the Mina ecosystem.”
Will Kraken list more assets?
The firm clarified:
“Yes. But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.”
Recently, Kraken also added support for Internet Computer (ICP).
You may add ICP to your Kraken account “by navigating to Funding, selecting the asset, and hitting Deposit.” Trading will “begin March 18.”
Here’s some other key information:
- Ticker ICP
- Tradeable against EUR, USD
- Price precision 2 decimal places
- Deposit confirmations required Near instant
- Not available in Japan
- Services available Kraken, the Kraken Pro interface
What is ICP?
Internet Computer is “a blockchain protocol that, unlike any other blockchain, is capable of operating in real-time and without computational capacity limits.”
Its aim is ‘to recreate the web by supporting smart contract development at scale and changing the way users interact with web services, content and user data. ICP is Internet Computer’s native token, and is used to encourage network participation and to govern the protocol.”
In a separate update, Kraken confirmed that it is now supporting trading with ApeCoin.(APE).
What is APE?
As noted by Kraken, APE is “a community-owned token for culture, gaming, and commerce, ApeCoin is an ERC-20 governance and utility token designed to be used within the APE Ecosystem to empower a decentralized community building at the forefront of web3.”
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