Trading for MNT, KUJI, and HONEY starts July 3

We’re thrilled to announce that Mantle (MNT), Kujira (KUJI), and Hivemapper (HONEY) are now available on Kraken!

Funding and trading

MNT, KUJI, and HONEY funding starts now and trading will be live on July 3, 2024. 

Add your token to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. 

Make sure to deposit your tokens into the networks supported by Kraken. Deposits made using other networks will be lost

The new tokens are tradeable on Kraken and Kraken Pro with the following parameters:

AssetPairPrice decimal precisionMinimum order sizeMinimum depositMNTUSD, EUR41010KUJIUSD, EUR422HONEYUSD, EUR25050

Note:  Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).

Here’s some more information about the token:

Mantle Network (MNT) is an Ethereum Layer 2 solution with a goal of creating an EVM-compatible scaling solution. Featuring optimistic rollups and modular architecture, it leverages Ethereum validators to increase throughput while decreasing gas fees. The MNT token serves both as a governance and utility token, allowing users to participate in the ecosystem’s DAO and to pay transaction fees.

Kujira (KUJI) is a decentralized ecosystem with a focus on providing sustainable solutions for fintech protocols, builders and users. It prioritizes user experience and operational sustainability to democratize access to wealth-building opportunities, by offering a full suite of DeFi products. As the ecosystem’s native token, KUJI is used to pay for network fees and can be staked to earn rewards and participate in protocol governance.

Hivemapper (HONEY) is a decentralized mapping network which leverages AI and crowdsourced data to build a global map. It uses dashcam and mobile phone telemetry for updates, enabling both personal and enterprise decentralized applications (dApps) to draw from its up-to-date geolocation data. Its Solana-based token, HONEY, powers Hivemapper’s incentives system by rewarding contributors that help build the global map network for their work.

Ready to trade but don’t have a Kraken account yet? Sign up today!

Will Kraken make more assets available?

Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. 

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.

The post Trading for MNT, KUJI, and HONEY starts July 3 appeared first on Kraken Blog.

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