IOTA (MIOTA/USD) is now available on KuCoin, the exchange announced on their website. The trading pairs IOTA/USDT and IOTA/BTC are supported.
- Deposits Effective Immediately (Supported Network: Mainnet)
- Trading: 9:00 on December 30, 2021 (UTC)
- Withdrawals: 10:00 on December 31, 2021 (UTC)
The total supply of IOTA tokens is just under 2.8 billion with a market cap of $4.14 billion. The most recent 24 hour trading volume of IOTA was almost $300 million.
IOTA is the first distributed ledger built for the “Internet of Everything” – a network for exchanging value and data between humans and machines. There are neither blocks nor miners. Everyone who sends an IOTA transaction validates two others, enabling IOTA to overcome the cost and scalability limitations of blockchain.
Backbone of IoT
The IOTA network is built for the Internet of Things, with tamper-proof data, feeless micro transactions and low resource requirements. According to the website, IOTA is poised to play a central role in the next industrial revolution, enabling economic relationships between machines and bridging the human and machine economies.
The Tangle is IOTA’s network, which records data and value exchange immutably. It makes sure that the information is trustworthy and cannot be tampered with or destroyed. IOTA uses a DAG data structure, allowing transactions to be added in parallel, unlike blockchain alternatives. It is designed for devices like sensors to participate in a low-energy network.
Free and fast transactions
Transactions on IOTA are free (zero fee) and confirmed within minutes. Honest messages are approved very quickly and efficiently. A globally distributed network, IOTA is resilient and robust against attacks.
Risk warning from KuCoin: Investing in cryptocurrency is aIOTA to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.