The well-known centralized cryptocurrency exchange, KuCoin, has officially backed Soul Society, a leading crypto project spearheading the development of a Web3 Social ID. KuCoin communicated its support for Soul Society’s native token, HON, through an official blog post and an announcement on its X handle.
In the notification, KuCoin expressed its pride in integrating the HON token into its spot trading service. The announcement highlighted that deposits of HON tokens are now open for the Ethereum ERC20-supported network.
Significantly, the official trading of HON is set to commence on Wednesday, January 17, with the designated trading pair being the Tether USD (USDT) stablecoin. Users will be able to initiate withdrawals of their HON tokens starting the following day, Thursday, January 18.
To provide context, Soul Society is at the forefront of developing a Web3 Social ID, reshaping daily experiences through Growth-Type Soul Bound Tokens (SBTs). By transforming everyday activities into rewarding quests, it introduces a unique blockchain-based social identity that adds value to routine actions.
In a similar vein, KuCoin has previously supported the Manta ecosystem, a modular blockchain focused on zero-knowledge (ZK) applications. Founded by entrepreneurs affiliated with Harvard, MIT, and Algorand, the Manta Network is the driving force behind this initiative.
Before extending support for the native token of the Manta Network, MANTA, KuCoin had already listed other emerging crypto projects with innovative objectives. Notably, KuCoin included SNS, the native token of the TrendFi music platform Sonorus, which aims to bridge the realms of cryptocurrency and music, offering users incentives and rewards.
