Good news for KNC and and SNT holders! Trading goes live on August 15th at 16:00 UTC! Deposits and withdrawls are enabled.
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Thanks for sharing, I think we all appreciate staying informed on new crypto developments.
Just a suggestion... Could you use posts like this to start a conversation about the impact of listing KNC and SNT on Poloniex? Instead of just sharing the news?
Here are a few of my thoughts:
Considering the fact that we are stuck in a long term bear market, I doubt these new listings will have much of an impact on KNC or SNT prices. Both have seen massive price decreases in the last few months, and more than a 10% drop in the last 24hrs.
That being said, it is worth looking at the actual impact that token listing would have on these two projects. I know the Status project less well, but based on my knowledge of Kyber Network, a new token listing would mostly serve to make Kyber visible in a new market, which could potentially bring in new customers.
For me this raises the question, how much is Poloniex advertising this information? Should we expect to see an increase in users on the Kyber and Status platforms?
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Great input. Thank you, I will take your suggestion and run with it. Yes, I agree that with this bear market and the recent large drop in price in BTC and ALTs, particularly today, that these listings may not have a signigicant mark in the price of KNC and SNT. The factor to be aware of, as you mentioned, is that being on a new platform will increase exposure to the cryptocurrencies and will more than likely have a marked impact on the adoption of the two. The price may not be affected right away like when we see a new token or coin get listed in a bull market and especially since the dust has not settled yet from the most recent bleed out. I do not know a lot about SNT but I do feel that KNC is a solid project and the implications of their news for listing these new tokens means that more awareness and adoption is soon to come due to the increase in exposure.
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