Kraken to List Proof-of-Stake ATOM Token.

Kraken to List Proof-of-Stake ATOM Token.

As of today, users of the exchange platform Kraken will be able to buy and trade, ATOM, expanding their proof-of-stake processes horizons.

It hails from a Cosmos, a product of Tendermint’s consensus protocol. According to the blog post, “it is fast and highly scalable and aims to reduce “time and complexity involved in building Blockchain application.” With ATOM being the native token.

This follows on from the ATOM ICO earlier this month when 17m were sold for just 0.1, accumulating $17.3m for the company. However, there is still a total of 236m on sale, and, at the time of listing, they were valued $4.32 each.  

Those interested are already able to begin to make transactions with Atom at block 500,000 going on sale at 4 pm UTC on 22nd April 2019. With the ability to place buy orders ready to go. Sell orders, however, will have to wait until the first ATOM deposits have clear. However, this is unlikely to take long. You have the option of a total of 5 trading pairs, made up of 3 fiats, Euros, United States Dollars and Canadian Dollars, and 3 crypto’s, Bitcoin and Ethereum.  

This look like a good option for those looking to get involved in staking, as it has a tidy inflation estimate of between 7-20% each year. Clearly, there is some room for profit there, especially as the proof-of-stake trading is on the rise. However, naturally, this a new token, so you should err on the side of caution.

If you are interested, you can visit Kraken now and get trading!

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