Kraken Will List Mina Protocol - Trading will launch June 1

Kraken Will List Mina Protocol – Trading will launch June 1

kraken mina

Kraken announce that deposits and withdrawals for Mina (MINA) are now open.

Trading will launch June 1 at approximately 00:00 UTC.

Deposit MINA now

Please note that if you participated in the Coinlist sale, you will be able to deposit MINA to Kraken once they enable withdrawals which should be sometime after June 1 at 00:00 UTC.

Note: MINA trading is not available for citizens of the US, Canada, Japan and Australia at this time.

What is the Mina Protocol?

O(1) Labs developed the Mina Protocol in 2017 and created what it refers to as the first ever “compressed” blockchain platform.  This means that the entire blockchain is roughly 22kb in size, equivalent to the size of a few tweets. Mina thus provides a low barrier to entry to those who wish to operate a node and validate transactions.

Mina’s blockchain is built to maintain its size, regardless of the amount of people accessing it or its years of transaction history, using a technology called zero knowledge proofs (zk-SNARKs). zk-SNARKs are micro-crypto certificates stored by nodes and used to verify transactions in a private and efficient manner, allowing nodes to not have to store the entire chain.

Mina is a proof-of-stake protocol for programmable payments, apps, permissionless privacy and is secured cryptographically. Its MINA cryptocurrency can be used by holders to help govern the ecosystem and for payments within the applications.

One of the most anticipated projects of the industry to date, Mina raised a total of $18.75 million during its token sale on Coinlist in only four hours.

Project website: https://minaprotocol.com

What time will funding and trading start?

  • Funding: Deposits and withdrawals are now enabled
  • Trading: Starts Tuesday, June 1 at approximately 00:00 UTC (Kraken will enable order entry and execution at this time)
  • Updates will be posted on the status page near launch time

Trading Pairs

  • MINA/USD
  • MINA/EUR
  • MINA/GBP
  • MINA/BTC

How to deposit

  1. Navigate to “Funding” > Select MINA. To find MINA, tick “Show all assets” or search (e.g for “MINA”).
  2. Click “Deposit” next to MINA and follow the on-screen instructions.

Please note: The Mina blockchain charges a one-off fee of 1 MINA to create a new address. When you deposit MINA to Kraken we generate a new MINA address for you and the MINA blockchain automatically takes 1 MINA from your deposit amount as the creation fee.

For example: If you deposit 100 MINA to Kraken, the final deposit amount will be 99 MINA. All future MINA deposits will be free.

Confirmations required before deposits credit

  • 15 (about 60 minutes)

Trading Minimum

  • 0.2 MINA

Fees and Funding Minimums 

Which services will be available for MINA?

Available

Not (yet) available

Will Kraken offer Staking for Mina?
Kraken is always looking to support new staking assets and will evaluate staking for Mina. We will make an announcement if we decide to support staking for Mina. We can make no guarantees regarding Mina at this time.

Will Kraken list more assets?
Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.

Trade with caution
Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).

Invest with caution
Kraken listing an asset or token for trading is not a recommendation for you to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.

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