We are delighted to announce that Kraken now supports Elrond (EGLD), Harvest Finance (FARM), Stafi Protocol (FIS), Ampleforth Governance Token (FORTH), Gitcoin (GTC)Liechtenstein Crypto Asset Exchange (LCX), MXC (MXC), NEAR Protocol (NEAR) Y Swipe (SXP)!
Financing and trading
Funding is live, and trading will start on June 16 at approximately 14:30 UTC. Keep an eye on the status page for updates
You can add these tokens to your Kraken account by navigating to Moneyselecting the resource and pressing Deposit. Deposits require 20 confirmations (~5 minutes) for all except for EGLD Y CLOSE (less than 2 minutes).
All tokens are tradable against American dollar Y EUR in kraken and the professional kraken interface with the following details of prices and minimum deposits:
Minimum order size
EGLD and NEAR are the native tokens of the Elrond and NEAR Protocol blockchains.
Trading is not available to residents of Japan.
Harvest Finance (FARM) trading is not available to residents of the United States, Canada and Japan.
Trading via the Kraken app and instant buying will be available once liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be matched efficiently).
Here’s what you need to know about assets:
Elrond is a scalability-focused blockchain network that is building a new internet economy. The network uses a blockchain scaling approach called sharding to break up the network into smaller pieces in order to address latency issues that have plagued other blockchains as they have grown. EGLD is Elrond’s native token, which allows users to pay network transaction fees and earn rewards for helping to protect the network by participating. Check out the Kraken Learning Center guide, What is Elrond? Learn more.
Harvest Finance (FARM)
Harvest Finance is a decentralized finance (DeFi) platform and automated yield farm. Harvest Finance bets on user tokens en masse, self-buying them for better returns. The FARM token allows holders to vote on the direction of the protocol and can also be used to provide liquidity to the platform.
Stafi Protocol (FIS)
Staking Finance or StaFi is one of the first DeFi protocols to unlock the liquidity of staking assets. Users can stake their Proof-of-Stake tokens and receive equivalent amounts of rTokens (reward tokens). Users can trade these rTokens on decentralized exchanges and also use them to earn staking rewards. FIS is the governance token for the StaFi protocol and helps secure the StaFi ecosystem through staking.
Ampleforth Governance Token (FORTH)
Ampleforth is the first rebase cryptocurrency. AMPL tracks the value of the US dollar by changing the circulating supply of AMPL daily. FORTH is the governance token of the Ampleforth protocol. FORTH holders can vote on changes to the Ampleforth protocol and influence the direction of the platform.
Gitcoin is a community-focused blockchain project and quadratic finance solution that lays out the future Web3 infrastructure. Gitcoin plans to fund and support Web3 developers building the decentralized internet. GTC is Gitcoin’s governance token, which allows holders to vote on GitcoinDAO and help plan the future of the platform.
Liechtenstein Crypto Asset Exchange (LCX)
Liechtenstein Cryptoassets Exchange is a cryptocurrency trading platform that offers advanced trading tools, token sales, and security token offerings. LCX also offers a decentralized exchange aggregator that allows users to compare and execute trades across multiple platforms from a single interface. The LCX token can be used to pay for services offered, such as LCX terminal subscriptions, escrow services, and exchange transactions.
Machine eXchange Protocol (MXProtocol) is building a decentralized global network of devices that enables more efficient data transfer around the world. MXProtocol uses the distributed architecture of blockchain to create data exchange efficiencies across Internet of Things (IOT) networks. MXC tokens allow users to pay network transaction fees and earn rewards for helping to protect the network through staking.
Swipe provides a technical infrastructure for payment networks, including credit card providers, fintech services, and cryptocurrency-linked debit cards. By offering a robust set of APIs, companies can offer fully customized and compatible cryptocurrency offerings within their traditional financial products. SXP is used to pay transaction fees on the various Swipe product offerings.
Near Protocol (NEAR)
NEAR Protocol is a level one proof-of-stake blockchain with support for smart contracts. Using a technique called sharding to overcome scalability challenges, it aims to provide a user-friendly platform for decentralized applications (dApps). The NEAR cryptocurrency allows users to pay transaction fees, run applications, and pay for storage. Check out the Kraken Learning Center guide, What is the NEAR Protocol? Learn more.
Will Kraken list more assets?
Yes! But our policy is to never reveal any details until shortly before launch, not even what assets we’re considering. All Kraken 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 what assets we may list in the future.
Operate with caution
There is no guarantee that a limit order will be executed. There is also no guarantee of execution at a given price for a market order. The availability and liquidity of the digital asset in particular will affect these types of orders.
Listing an asset or token for trading is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
This post Trading for EGLD, FARM, FORTH and more begins June 16. Deposit now!
was published first on https://blog.kraken.com/post/14364/trading-for-egld-farm-forth-and-more-starts-june-16-deposit-now/