Digital Assets: Kraken Adds Trading Support for ALPHA, BLZ, BOBA, Other Crypto Tokens

Digital asset firm Kraken is pleased to announce that their crypto trading platform now supports Alpha Venture DAO (ALPHA), Bluzelle (BLZ), Boba Network (BOBA), Celer Network (CELR), Nodle (NODL), Polkastarter (POLS), Marlin (POND), TrueFi (TRU) and Chain (XCN).

Funding is now live, and trading was scheduled to begin on August 26 “at approximately 14:30 UTC.”

You can “add these tokens to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.” Deposits “require 20 confirmations (~5 minutes) for all, except for NODL 25 confirmations (~6 minutes).”

All tokens are “tradeable against USD and EUR” on Kraken and the Kraken Pro interface. For details about price precisions and minimum deposits, check here.

Nodle (NODL) trading is “not available to residents of the United States, Canada and Japan.”

Trading via Kraken App and Instant Buy “will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).”

According to Kraken, here’s what you need to know about the assets:

Alpha Venture DAO (ALPHA)

Alpha Venture DAO is “a multichain ecosystem of decentralized products incubated by their team.” The DAO builds and “scales Web3 dApps across multiple chains and use case verticals.”

ALPHA is “the native token of the platform and can be staked for rewards — including a share of incubated projects’ tokens — and used to contribute to Web3 innovations developed on Alpha Venture DAO.”

Bluzelle (BLZ)

Bluzelle is “a Cosmos-based blockchain built for game finance (GameFi).” Users can “protect their NFTs with Bluezelle’s decentralized storage layer and access decentralized finance (DeFi) yields within a play-to-earn (P2E) environment.” BLZ is “a governance token which can also be staked and used to pay for storage on the platform.”

Boba Network (BOBA)

Boba is “a layer 2 scaling-solution for Ethereum using optimistic rollups.” Boba incentivizes developers “to build on the network by offering an ecosystem of products including an accelerator for early-stage teams, developer grants and partnership programs.” BOBA is “the governance token of the Boba DAO which gives holders a say in the future development of the network and can be staked to earn rewards for helping to secure the network.”

Celer Network (CELR)

Celer Network is “a blockchain protocol focused on cross-chain interoperability and access to DeFi, GameFi, NFTs and other blockchain services.” Developers on Celer Network “have access to efficient liquidity while users of Celer-enabled dApps enjoy a multichain experience through the network’s single interface.” The CELR token is “used to access products and services on the network and is distributed to stakers and validators for securing the network.”

Nodle (NODL)

Nodle is “a decentralized data network and payment infrastructure for the internet of things (IoT).” The project “provides wireless network services to its subscribers using existing smartphone architectures.” NODL is “the native token for the protocol used to pay network fees, access services, reward project contributors and vote on proposals affecting the future direction of the project.”

Polkastarter (POLS)

Polkastarter is “a decentralized fundraising platform built for cross-chain token pools and auctions.” Polkastarter aims “to help crypto projects raise funds using fixed-swap pools and initial decentralized exchange offerings (IDOs).”

Polkastarter’s native token POLS “allows holders to vote on which new crypto projects the platform will feature.” POLS also “serves as the network’s governance token and form of payment for transaction fees.”

Marlin (POND)

Marlin is “a decentralized, programmable infrastructure for Web3 and DeFi applications.” The protocol’s unique relay network “allows for censorship resistance, high transaction throughput, low network fees and fast finality without compromising decentralization.” POND is “the native token of Marlin and is used to incentivize network validators, and those who delegate their tokens to them, for helping to secure the protocol.”

TrueFi (TRU)

TruFi is “a decentralized finance (DeFi) protocol launched by TrustToken for uncollateralized lending.” Using on-chain credit scores, vetted borrowers are able “to request loans valued in TrueUSD (TUSD). TRU is a governance token for the platform and is used to reward stablecoin lenders.”

Chain (XCN)

Chain protocol is “a blockchain-based cloud infrastructure that enables organizations to build advanced financial services products.”

The protocol “gives developers access to blockchain networks, allowing for data and transactions to be stored on a global server network.” Chain Token (XCN) is “the native token of the network which grants holders the right to vote on protocol improvements, pay for services across the chain protocol ecosystem as well as gain access to discounts and premium services.”

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