Trading for TAO, TRAC and OSMO starts June 25

We’re thrilled to announce that Bittensor (TAO), OriginTrail (TRAC) and Osmosis (OSMO) are now available on Kraken!

Funding and trading

TAO, TRAC and OSMO funding starts now and trading will be live on June 25. 

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 depositTRACUSD, EUR3810TAOUSD, EUR80.010.01OSMOUSD, EUR322

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:

Bittensor (TAO) is a decentralized network connecting global machine learning models, using Substrate-based blockchain architecture (like Polkadot) and a proof-of-stake consensus mechanism for energy efficiency. TAO tokens incentivize and reward miners for contributing computational resources, are used for transaction fees, governance, and accessing machine learning services, while also playing a role in staking to enhance network security.

OriginTrail (TRAC) is an AI token that describes itself as ‘the trusted knowledge foundation’ for the AI age, offering a suite of technologies for personal and business use cases. Its Decentralized Knowledge Graph (DKG) enables easy discovery, querying and integration of data from various sources, and its secure communication across systems and dApps. The TRAC token powers the DKG, facilitating various activities and crypto staking.

Osmosis (OSMO) is a DeFi gateway at the intersection of the diverse Cosmos blockchain network. Serving as a cross-chain DEX, it empowers users to deploy custom liquidity pools and decentralized applications (dApps) to serve an interoperable ecosystem. The OSMO token is used in protocol governance, empowering users to vote on the future of the protocol while earning a share of transaction fees.

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 TAO, TRAC and OSMO starts June 25 appeared first on Kraken Blog.

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