Kraken has added QUAI, the native token of Quai Network, to its trading platform, opening deposits and spot trading for the asset as the project seeks broader market exposure through one of the cryptocurrency industry's established exchanges.
Users can deposit QUAI by navigating to the Funding section of the Kraken platform, selecting the asset and following the deposit instructions, though Kraken cautioned that tokens sent via networks not supported by the exchange will be permanently lost.
Trading through the Kraken App and Instant Buy will follow once the exchange determines that liquidity conditions have been met.
Quai Network describes QUAI as the native token of an energy-based monetary system, positioning it as a form of digital currency whose supply is backed by real energy expenditure rather than algorithmic issuance.
The network runs on EVM-compatible blockchains, meaning it supports the same smart contract programming environment used by Ethereum, and the project claims throughput of more than 50,000 transactions per second while maintaining decentralisation, a combination that has historically proved difficult to achieve simultaneously in blockchain design.
The network uses merged mining, a technique that allows miners to secure Quai Network using the same hardware already deployed for Bitcoin, Litecoin and Dogecoin without incurring additional energy costs, lowering the barrier to participation for existing mining operations.
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QUAI is used to pay transaction fees on the network, which the project advertises at sub-penny levels, and for broader network participation.
Kraken noted that geographic restrictions may apply to the listing and reiterated its standard policy of announcing new token listings only shortly before they go live, with client services staff unable to disclose which assets are under consideration ahead of any announcement.
The recap
- Kraken opens trading for QUAI token on its exchange platform
- Quai Network claims 50,000+ transactions per second capacity
- App and Instant Buy enabled after liquidity conditions are met