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As the euphoria around AI cryptocurrencies gains traction every day, KuCoin, one of the largest crypto ecosystems by aggregated trading volume, unlocks new opportunities for its customers. Novel AI token Openfabric AI (OFN) is set to make a debut on the KuCoin platform.
AI crypto Openfabric AI (OFN) kicks off trading on KuCoin: What you need to know
OFN, the native cryptocurrency of Openfabric AI Layer One blockchain focused on artificial intelligence adoption in Web3, is coming to the KuCoin exchange. While deposits for OFN are already opened, the trading operations are set to kick off on Oct. 24, 2023 at 12:00 (UTC).
The deposits of Openfabric AI (OFN) cryptocurrency are organized via BNB Smart Chain as the token adheres to BEP-20 token standard. Withdrawals for OFN assets will be enabled at 10:00 (UTC) on Oct. 25, 2023.
KuCoin became the pioneering centralized cryptocurrency exchange ecosystem to list novel AI crypto OFN. The exchange's team is excited about the latest addition to its range of assets supported:
KuCoin is extremely proud to announce yet another great project coming to our spot trading platform
From the onset of its trading on KuCoin, OFN assets will be available in pairs with U.S. Dollar Tether (USDT), the largest stablecoin by market capitalization.
Introducing Openfabric AI (OFN), a first-ever L1 for AI era
Openfabric AI (OFN) promotes itself as a decentralized layer-1 AI protocol for building and connecting AI/ML applications that harness the disruptive computational power of blockchain, advanced cryptography, and novel infrastructure to create a new foundation for AI Apps.
In the Openfabric AI (OFN) ecosystem, everyone has quick, easy, resource-efficient, and frictionless access to powerful large language models and AI datasets.
Also, Openfabric AI (OFN) is developing the first crypto AI marketplace, serving as a one-stop gateway to the ecosystem of crypto apps:
Openfabric AI is a decentralized AI platform where the collaboration between AI innovators, data providers, businesses and infrastructure providers will facilitate the creation and use of new intelligence algorithms and services
The protocol is backed by prominent crypto-focused VCs, including the likes of GSR, Big Brain Holdings, Gate.io Labs, Cogitent Ventures, Autonomy Capital, Zephyrus Capital, and so on. Openfabric AI has secured a slew of long-term strategic partnerships with IPFS, API3 and other Web3 innovators.
Powering AI-centric dApps ecosystem
The platform also has successfully closed a number of IEO rounds on various platforms such as ChainGPT, Enjinstarter, PoolzFinance, and Seedify.
Despite being an early-stage platform, it has already on-boarded a multi-product suite of AI tools tailored to meet the dynamic needs of today's modern world.
This collection of applications include the Artfabricai Bot image generator, Soundfabric AI music production app, Trading Crypto Bot automated engine, and the Drug Discovery real-world application.
Alex Dovbnya
