KuCoin Introduces Shrapnel’s SHRAP Token: New Gaming-Focused Crypto Project

The centralized cryptocurrency exchange KuCoin now supports the gaming-focused crypto project Shrapnel (SHRAP). Specifically, KuCoin has declared the addition of the SHRAP token to its Spot trading platform, expressing enthusiasm for expanding its offerings. KuCoin noted this listing in a post on the X platform (formerly Twitter) and on its official blog.

Per the notification, Shrapnel investors can deposit their SHRAP tokens immediately on the KuCoin trading platform. Notably, KuCoin stated it accepts SHRAP via the supported network Avalanche (AVAX).

The announcement noted that while trading went live on November 8, SHRAP withdrawal commenced the following day, November 9. The trading pair for SHRAP is the Tether (USDT) stablecoin.

For the uninitiated, Shrapnel is described as the first blockchain-powered first-person shooter (FPS) game, crafted by a team of gaming industry veterans from NEON who have been recognized with BAFTA and Emmy awards.

KuCoin mentioned that the Shrapnel is distinguished by its extensive “player-creation tools, combining combat, creation, curation, and connection into a community where players own the platform and decide its future.”

Central to Shrapnel’s ecosystem is the SHRAP token, which serves as both a utility token and the primary medium of exchange within the Shrapnel platform, powering the game’s economy and player transactions.

In a follow-up statement, KuCoin promised to give away $1,000 in SHRAP tokens to ten winning Shrapnel players who fulfilled some of the outlined conditions. This includes following KuCoin and Shrapnel’s official X accounts and tagging two friends for the promotion.