Kucoin plans to list the Lisk token; it announced in a recent tweet. The LISK (LSK) cryptocurrency is already listed on many exchanges, including Binance, the world’s largest cryptocurrency exchange by daily volume. In a tweet from @KucoinUpdates, followers were informed when buying/selling/withdrawal of $LSK would commence: “Lisk (LSK) is now available on KuCoin, you can deposit now. Trading pairs include LSK/BTC and LSK/ETH. Buying starts Nov 27, 2018, 17:30 (UTC+8), selling starts Nov 27, 2018, 18:00 (UTC+8) and withdrawal opens Nov 28, 2018, 18:00 (UTC+8).”
Lisk (LSK) is now available on KuCoin, you can deposit now. Trading pairs include LSK/BTC and LSK/ETH. Buying starts Nov 27, 2018, 17:30 (UTC+8), selling starts Nov 27, 2018, 18:00 (UTC+8) and withdrawal opens Nov 28, 2018, 18:00 (UTC+8).@LiskHQ #KCS #LSK #BTC #ETH #ICO pic.twitter.com/TBV70bNgsf
— KuCoin Updates (@KuCoinUpdates) November 27, 2018
Lisk is a unique project for several reasons. Lisk aims to popularize the “sidechain”, which can be viewed as a footnote or addendum to independent blockchains. This has extremely interesting applications for the transactional quality of Bitcoin. It also allows for app developers to develop applications with unique blockchain technology supporting the app, as well.
The Lisk team boasts some high-profile members in the cryptocurrency community, boasting Charles Hoskinson, the founder of Cardano and former CEO of Ethereum, and Steven Narayoff, a former advisor to Ethereum, as senior advisors. The announcement took place in 2016.
2018 has been a tough year for the cryptocurrency markets, and Lisk has been no exception. Although it used to be a top 10 cryptocurrency coin, the LSK token has fallen to the #34 spot, with a market capitalization of over $150 million. The price of LSK sits at $1.40 at press time.
The drop in price is alarming, considering that LSK traded over $40 on two separate instances earlier in the year, and used to have a market capitalization in the billions.
Time will tell whether the listing on Kucoin, which handles millions of dollars in cryptocurrency in volume per day, will have a positive effect on the LSK price.