KuCoin’s definite services among partners and traders have proven two essential factors, reliability and security. Since 2017, they have already demonstrated that what they have developed, is a blockchain asset exchange that is a platform that can be trusted in the technological aspect with exceptional customer support.
Their increasing number of listed currencies is a sure validation that the world considered their network as one of the most promising cryptocurrency exchanges exist. And today, they are thrilled to announce that another token has been listed to their platform called OLT.
OLT is the native currency of OneLedger, a cross-ledger blockchain protocol. OLT is now available for deposits that have trading pairs including OLT/BTC and OLT/ETH. Buying transactions will begin at 21:30 (UTC+8) and any Selling/Withdrawal processes can be effected at 22:00 (UTC+8).
Trading can be done by utilizing KuCoin’s app in both iOS and Android. But traders can also transact directly to their official website.
OneLedger is a gateway protocol that will permit all types of business applications, or individuals connect to various blockchains via sidechains. It will simplify adoption of integration of blockchain technology for small companies and larger businesses. Those business applications will be capable of creating their uniquely-identified network consensus on their both private and public blockchains.
After building a digital identity, users will also be ready to apply blockchain based business tools that are offered on the platform. Selections to create digital wallets, credit systems and arbitration mechanism will all handle the process of creating and maintaining of business solutions without extensive programming knowledge or additional expenses in producing those applications.
One way of viewing at the vision of OneLedger is ‘Plug and Play’ for all individual or business applications that require to use blockchain. OneLedger also proposes to build a marketplace where users will be capable of buying custom-made modules available to plug into OneLedger.
Users, including businesses, require to pay a network charge to nodes to utilize any services on the OneLedger platform. Network supporters (nodes) will accept OLT tokens as network charges. In the early phase, OneLedger’s software will enable everyone to operate a node. After a period, a staking sum may be set to guarantee commitment and quality of the network. Developers need OLT tokens to deploy their modules to OneLedger platform.
Oneledger intends to begin MVP and Ethereum sidechain testnet in Q2, bitcoin sidechain, platform alpha, and APIs by the end of 2018. The first version is to be issued in 2019.