KuCoin, a prominent centralized cryptocurrency exchange, has officially announced its support for another rapidly growing crypto project. This time, KuCoin has listed the music-focused crypto project Sonorus (SNS).
The exchange disclosed listing Sonorus’ SNS token through a recent communication via its official website. KuCoin also posted the listing announcement on its account on X.
💥World Premiere💥
📢 New Listing@SonorusOfficial $SNS Gets Listed on #KuCoin!
💎Pair: SNS/USDT
💎Deposit: now open (network: BEP20)
💎Trading: 10:00 AM on December 12 2023 (UTC)— KuCoin (@kucoincom) December 11, 2023
KuCoin expressed its pride in supporting the native token of the music platform on its spot trading service. This strategic decision has the potential to significantly promote access to the project to millions of crypto enthusiasts, enabling them to engage in the exchange of SNS tokens through the KuCoin platform.
As per the announcement, KuCoin has started accepting deposits of SNS tokens through the BNB Smart Chain (BEP20) network. This means that investors of Sonorus can now transfer their tokens to the exchange.
Notably, the trading of SNS commences today, December 12. The available trading pair for SNS is the Tether USD (USDT) stablecoin. On the other hand, users will have the ability to withdraw their SNS starting December 13.
KuCoin highlighted that Sonorus is a platform transforming the music landscape through TrendFi. It noted that Sonorus operates as a decentralized music charting dApp. This dApp facilitates music voting and discovery while incentivizing music enthusiasts, fans, and artists for their active engagement with the music charts. “Sonorus stands at the intersection of Social music trends & DeFi, a concept we call TrendFi,” the statement read.
Notably, Sonorus is not the first music-focused crypto project KuCoin is supporting. Last month, the exchange listed KlubCoin (KLUB), a Web3-based music platform.
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