On December 10, 2024, U2U listing on major exchanges such as KuCoin, Gate.io, MEXC, marked an important milestone in the development journey of U2U Network. This event is not only a turning point in the growth of token value but also opens up attractive investment opportunities for the global community.
U2U Network
U2U Network is a pioneering DePIN (Decentralized Physical Infrastructure Network) project that bridges blockchain with physical assets. While many current blockchain projects focus primarily on digital transactions, U2U aims to expand the use cases of blockchain into more tangible fields, particularly in the financial sector. The Directed Acyclic Graph (DAG) technology and compatibility with the Ethereum Virtual Machine (EVM) allow U2U Network to overcome scalability and interoperability challenges that traditional blockchains often face.
With the goal of building a sustainable blockchain ecosystem, U2U is not only a technological platform but also a crucial bridge between blockchain and global financial applications. Therefore, the U2U Listing event is not only significant from a technical standpoint but also has a powerful impact on the future growth of U2U Network.
U2U Network
Why U2U listing is important
The U2U Listing represents a key milestone in the development of the U2U token. Being listed on major exchanges enables U2U to reach a global community of investors, increase liquidity, and create better trading opportunities. This event opens significant opportunities for new investors to join the U2U network, while simultaneously boosting the token’s value as it becomes widely traded and accepted within the blockchain ecosystem.
U2U Network successfully raises $13.8 million
U2U Network has just completed a successful fundraising round, raising $13.8 million, attracting investment from major players in the blockchain and cryptocurrency industry. Strategic investors in this funding round include KuCoin Ventures, Chain Capital, IDG Blockchain, Cointelegraph, V3V, JDI Ventures, Tesseract, IBG, Blockhive, Maxx Capital, UB Ventures, and many others.
The participation of these prestigious venture capital firms further confirms the trust in U2U Network’s growth potential, particularly in the DePIN (Decentralized Physical Infrastructure Network) sector. With this capital, U2U Network will continue to drive technological innovation and expand its blockchain ecosystem.
Details about the U2U listing event
On December 10, 2024, the official U2U Listing event took place, marking an important turning point in the growth of the U2U network. The U2U token was officially listed on major exchanges, opening up exciting trading and investment opportunities for the global community. Below are the detailed details about the U2U token listing event:
U2U Token listing time
- Listing date: December 10, 2024
- Listing time: 10:00 AM (UTC)
At this time, global investors and users can begin trading the U2U token on major exchanges. This marks the official moment the global market will engage with and interact with the U2U token, opening a broad trading gateway for all participants.
Exchanges listing U2U Token
The U2U token has been listed on several major exchanges, creating great opportunities for investors and users worldwide. The exchanges supporting the U2U Listing include: KuCoin, Gate.io, MEXC, BingX. In addition, U2U network is working with partners and will announce more listing partners soon.
The presence of the U2U token on these trading platforms not only allows the token to reach a large investor community but also enhances its liquidity. These exchanges have significant user bases, helping U2U reach a larger market.
Overview of U2U Token
The U2U token plays a crucial role in the U2U Network ecosystem, driving the network’s activities and liquidity. With a total supply of 10 billion tokens, the U2U token is allocated strategically to ensure stability and scalability during its listing and trading on exchanges.
Details of U2U Token
The token allocation structure of U2U is designed to optimize the growth and liquidity of the U2U network, including the following:
Ethereum Network (ERC-20): 1 billion U2U
- This portion of the token is allocated for transactions within the Ethereum network environment. Being on Ethereum allows U2U tokens to easily reach Ethereum’s large user base and supports transactions on centralized (CEX) and decentralized (DEX) exchanges that support ERC-20.
U2U Mainnet Network (URC-20): 9 billion U2U
- A large portion of these tokens will be used across the entire U2U Network ecosystem. Notably, U2U tokens on the mainnet will be used in U2U’s decentralized applications (dApps) and are central to the network’s activities. These tokens are the core of the ecosystem and play an important role in the network’s protocols and services.
This allocation ensures that the U2U token has enough liquidity to trade and maintain stability throughout its listing on major exchanges, while also promoting the sustainable growth of the U2U ecosystem.
U2U Token allocation
- Development team: 10% supporting the technology development and research team.
- Strategic advisors: 5% for long-term strategic consultants.
- Ecosystem development: 30% expanding U2U’s applications and network.
- Mining and rewards: 40% incentivizing participants contributing to the network’s development.
- Providers and marketing: 15% supporting promotional campaigns and partnership collaborations.
U2U Token trading process
For those who participated in the IDO (Initial DEX Offering) on the Fjord Foundry platform, they will receive U2U tokens in the ERC-20 format. These tokens can be traded on centralized (CEX) and decentralized (DEX) exchanges supporting the Ethereum network.
After trading the ERC-20 version of the U2U token, users can convert their tokens to U2U tokens on the mainnet (URC-20). This allows them to participate in activities within U2U Network’s DePIN (Decentralized Physical Infrastructure Networks) ecosystem, particularly those wishing to use decentralized services and applications on U2U’s mainnet.
This conversion process not only helps users take advantage of the liquidity of U2U tokens on exchanges but also allows them to engage in applications and services within the U2U Network ecosystem.
Functions of U2U Token
U2U token is not just a medium for transactions but also plays a key role in supporting various activities and functions within the U2U Network ecosystem. Key functions of the U2U token include:
- Payment to subnet node operators: Users can use U2U tokens to pay for services provided by node operators in U2U Network’s subnets. These nodes are responsible for maintaining and operating parts of the ecosystem, ensuring stability and security across the network.
- Payment for subnet dApp services: U2U tokens are used for payment within decentralized applications (dApps) operating on U2U’s subnets. Using U2U tokens as a payment method helps promote the development of applications within the ecosystem and supports developers in deploying their products.
- Enhanced participation in ecosystem activities: U2U token plays an essential role in staking, governance, and dApp development activities. Token holders can participate in important ecosystem decisions, including protocol upgrades and resource allocation, helping to grow the network sustainably. U2U tokens are also used as rewards for those actively contributing to the ecosystem’s development.
How to participate in U2U Token listing trading
To participate in U2U token trading after the official listing, follow these steps. Proper preparation will help ensure a smooth and secure trading experience on supported exchanges.
Step 1: Prepare your trading account
First, you need an account on exchanges supporting U2U token listing, including major platforms like KuCoin, MEXC, Gate.io, and BingX.
- KYC Verification: To avoid issues when depositing or withdrawing tokens, ensure your account is KYC-verified. This process protects your account and ensures transparency during trading.
- Registration Link: Official registration links can be found on each exchange’s official channels. Be sure to use these links to ensure safety and avoid phishing sites.
Step 2: Deposit U2U Token into exchange
- KuCoin: KuCoin only supports U2U ERC-20 token trading. If you hold U2U tokens on the mainnet (URC-20), you must first convert them to the Ethereum network (ERC-20) before depositing into KuCoin.
- MEXC, Gate.io, BingX: These exchanges only accept U2U URC-20 tokens from U2U Mainnet. If you are using ERC-20 tokens, you need to convert them to URC-20 on the U2U mainnet.
Step 3: Trade U2U Token
- Trading start time: U2U token trading will officially open at 5:00 PM on December 10, 2024. You can begin buying or selling U2U tokens at this time.
- Buy and sell orders: Based on your investment strategy, you can place buy or sell orders. To optimize trading, monitor price charts on each exchange to determine the best entry or exit points.
Step 4: Withdraw U2U Token to your personal wallet
After completing your trades, if you don’t wish to hold your assets on the exchange, you can withdraw your U2U tokens to your personal wallet.
- KuCoin: You can withdraw ERC-20 U2U tokens to an Ethereum-supported wallet.
- MEXC, Gate.io, BingX: You can withdraw URC-20 U2U tokens to a U2U Mainnet-supported wallet.
Make sure to double-check the withdrawal address and network to avoid transaction errors.
The U2U Listing is not just a token listing event; it marks an important milestone in the growth of the U2U Network. With support from major exchanges, this event opens up significant opportunities for investors and helps the U2U ecosystem grow stronger in the future. U2U will undoubtedly be a notable project in the blockchain space in the coming years.
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