KuCoin Lists Mimblewimble Privacy Coin Grin (GRIN)
Grin (GRIN) is now on KuCoin, you can deposit now. Trading pairs include GRIN/BTC, GRIN/ETH and GRIN/USDT. Buying starts Jan 24, 2019, 17:30 (UTC+8), selling starts Jan 24, 2019, 18:00 (UTC+8) and withdrawal opens Jan 26, 2019, 18:00 (UTC+8).@grinMW #KCS #GRIN #BTC #ETH #USDT pic.twitter.com/8IzidvrN6L
— KuCoin Updates (@KuCoinUpdates) January 24, 2019
Grin is the second Mimblewimble privacy coin to launch in recent weeks after Beam (BEAM) launched its mainnet in early January. This technology ultimately allows for truly private transactions and a scalable blockchain that is smaller than other blockchain implementations.
The new privacy coin has faced early scrutiny after its price experienced major fluctuations after launching, dropping from a high of $261.65 to $4.51, where it is now trading — giving Grin a $3.9 million market cap, according to CoinGecko.
The price drop is partially a function of Grin’s design, which currently includes an infinite supply of coins with a linear supply schedule. This means that the early days of heavy mining activity will continuously increase the circulating supply by a notable percentage. Therefore, once the inflation ratio levels off, the price should become more stable.
Grin is now listed on both Hotbit and KuCoin, and U.S. investors interested in trading Grin can register on KuCoin.
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.