Kraken adds Band Protocol (BAND), Injective Protocol (INJ), Mirror Protocol (MIR) and 1inch Network (1INCH)
by Alexander Romero 
Listing continues on Kraken crypto exchange with the addition of Band Protocol (BAND), Injective Protocol (INJ), Mirror Protocol (MIR) and 1inch Network (1INCH).
Deposits for BAND, INJ, MIR and 1INCH tokens are already possible on the platform, trading will start on August 10, 2021 at approximately 3:30 pm UTC, for all assets.
Each new asset will be available for trading in USD dollars and EUR euros.
Listings that should have a positive impact on the price of these cryptocurrencies.
What are Band Protocol (BAND), Injective Protocol (INJ), Mirror Protocol (MIR) and 1inch Network (1INCH)?
Band Protocol (BAND)
Band Protocol is a cross-chain data oracle platform that provides real-world data to decentralized applications (dapps) running on blockchains.
To facilitate the exchange of information, smart contracts can connect to Band’s API which aggregates real-world information to be relayed to the blockchain.
Band’s cryptocurrency, BAND, can be staked by those who wish to become validators and check transactions on the Band Protocol. BAND token holders can also use their tokens to participate in Band’s governance mechanism.
Injective Protocol (INJ)
The Injective Protocol is a decentralized exchange (DEX) that offers various features such as cross-chain margin trading, derivatives and forex futures trading.
Built on the Cosmos blockchain as a layer-2 application, Injective uses bridges to offer cross-chain capabilities for traders to trade across other platforms such as Ethereum and Polkadot.
The exchange is operated by the INJ token, Injective’s cryptocurrency, which is used by makers and takers to pay for transaction fees on its network.
Mirror Protocol (MIR)
The Mirror Protocol is a decentralized finance (DeFi) protocol powered by smart contracts that enables the creation of synthetic assets called Mirrored Assets (mAssets).
mAssets mimic the price behavior of real-world assets (like gold) and give traders open access to their price exposure without having to own or transact with the actual assets.
The Mirror token (MIR) is minted by the protocol and distributed as a reward to nodes who help secure the ecosystem.
1inch network (1INCH)
1inch is a decentralized exchange (DEX) platform built on Ethereum that aims to find the best exchange rates for its participants across all leading DEXs.
This means that 1inch aggregates token prices across all DEXs, such as Uniswap or Sushi, and finds the best swapping routes available for traders to exchange their tokens while mitigating overall transaction costs.
Its governance token, 1INCH, allows those who stake it to vote on network upgrades that dictate how the software is run.
Kraken recently listed Badger DAO (BADGER), Cartesi (CTSI), Loopring (LRC), Wrapped Bitcoin (WBTC), Axie Infinity (AXS), Chiliz (CHZ), Covalent (CQT), as well as SOL and SRM tokens, and launched Solana staking.
Other staking offers are available on the platform such as Cardano staking (ADA), Polkadot staking (DOT), Kusama staking (KSM) with 12% guaranteed interest rate, or KAVA staking with 20% interest rate!
If you want to know more about Kraken staking offers or do crypto trading, just visit their website: click here.
