- KuCoin to list Openfabric AI (OFN) tokens to its trading platform.
- Deposits are live with OFN trading starting October 24 with USDT pairs.
- Withdrawals will be available starting October 25.
Prominent crypto trading platform KuCoin has announced significant support for Openfabric AI (OFN), one of the fastest-growing projects in the crypto sphere. In particular, KuCoin has revealed plans to list Openfabric AI tokens on its spot trading platform for millions of users to trade the coins seamlessly.
The exchange communicated this development in an official blog post on October 23 and shared the news on X. “KuCoin is extremely proud to announce yet another great project coming to our spot trading platform. Openfabric AI (OFN) will be available on KuCoin,” the statement read.
According to the announcement, deposits of OFN tokens are now live via the BEP-20 network. However, trading activities for the token will go live at 12:00 PM on October 24 (UTC). The announcement also noted that the supported trading pair is the Tether USD (USDT) stablecoin. Notably, KuCoin added that it will enable withdrawals of deposited OFN tokens starting on Wednesday, October 25.
OFN, Openfabric AI’s native currency, serves as the foundational pillar of the ecosystem, as stated on Openfabric AI’s website. Holders of the token hold voting rights and play a crucial role in governance decisions.
Additionally, OFN tokens are used to purchase products on the platform and can be staked for various purposes. Participants within the Openfabric AI ecosystem also have the opportunity to earn tokens by contributing value to the network.
For the uninitiated, Openfabric AI represents a decentralized Layer One AI protocol designed to construct and interconnect AI applications. The team claimed to have established a fresh cornerstone for AI-driven apps leveraging the capabilities of blockchain technology, sophisticated cryptography, and innovative infrastructure. “In our ecosystem, everyone has quick, easy, low-cost, and hassle-free access to powerful AIs,” the team noted.
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 will be available on crypto exchange KuCoin; deposits are currently live, and trading will commence on October 24. Read more.){kind=link}