KuCoin Exchange Lists Orbs (ORBS) Token To Offer Increased Utility to Holders

By Achal Arya
Published March 26, 2021 Updated March 26, 2021
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KuCoin Exchange Lists Orbs (ORBS) Token To Offer Increased Utility to Holders

By Achal Arya
Published March 26, 2021 Updated March 26, 2021

Seychelles-based cryptocurrency exchange KuCoin has listed and added trading support for Orbs (ORBS) token, the native cryptocurrency of the Orbs blockchain protocol. As announced by Orbs, the KuCoin support features the addition of the ORBS/BTC and the ORBS/USDT trading pairs on the exchange.

In the life cycle of a cryptocurrency project, especially those with a flagship cryptocurrency, offering as much utility for the coin through trading opportunities is essential. The listing of ORBS on KuCoin will afford the coin’s holders and the entire ecosystem built around the coin to thrive due to access to greater liquidity and utility.

KuCoin is by far one of the biggest cryptocurrency exchanges in the world today. The trading platform is ranked 6th according to CoinMarketCap “Exchange Score.” The exchanges global community of users totaling about 6 million registered users spread across South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions will also help give the Orbs token a more engrafted global exposure.

Orbs Network, Partnership, and Innovative Product Rollout

The Orbs network boasts of offering an innovative blockchain stack, providing the perfect mix of performance, cost, security, and ease of use, while harnessing the power of community, decentralization, and distribution. The Orbs public blockchain is designed to aid massive enterprise adoption and integration, a mission it is carrying on about four years after making its foray into the dynamic world of blockchain and cryptocurrencies.

The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. Additionally, the protocol relies on the ORBS token which is used for the settlement of fees related to app execution and provides the system of incentives used to elect validators in a secure and decentralized manner.

Since its inception, the network has thrived on its ability to secure strategic partnerships, the latest of which is both Bithumb exchange, a major cryptocurrency trading platform in South Korea, and Moonstake wallet who both recently announced support for the staking of ORBS, Orbs’ official token. 

The Orbs protocol is known for its innovative rollout of products that are geared not only to serve its direct coin holders but the entire blockchain and cryptospace. Besides its growing list of partnership deals, Orbs officially launched its newest Decentralized Finance (DeFi) project dubbed “Liquidity Nexus’. Liquidity Nexus will find a long-sought use case for bridging the gap between Centralized Finance (CeFi) and DeFi. 

The Orbs project has received considerable attention after it recently revealed that it will be teaming up with other major market players to launch a new accelerator for the DeFi ecosystem. This DeFi-backed accelerator will not be short of the product standard the Orbs team has debuted thus far.

The Orbs tokens have seen impressive growth per market valuations in the past month and year with a percentage growth rate of 698.5% and 2026.6% respectively according to Coingecko. The coin at press time is trading at $0.1997.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Achal Arya
527 Articles
I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.

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