StrongNode Edge, an infrastructure-as-a-service technology company and innovation lab, has updated its community, revealing plans of accelerating the listing of SNE—their native coin—in various centralized exchanges.
StrongNode Edge (SNE) to List on Various Centralized Exchanges
As per a medium post in late February 28, the StrongNode development team acknowledged the slow pace of centralized exchange listing but assuage fears, confirming that six high-profile cryptocurrency exchanges are ready to list SNE in the days ahead. The eventual listing of SNE will be a massive development for the platform, which is already hard at work, building and broadening its base of product offerings.
According to coin trackers, SNE is listed on QuickSwap, paired versus USDC—one of the world’s most liquid stablecoin—and wMATIC—the wrapped version of Polygon’s native coin, MATIC. Records show that both quote currencies command a huge market capitalization and are liquid, allowing for low-slippage trading of the SNE token.
Support by MEXC
Notably, StrongNode Edge added that one of the leading exchanges listing SNE would be MEXC—a top-performing multicurrency cryptocurrency exchange known for its liquidity and security. The listing will be on March 14, 2022, at 1500 HRS UTC where the SNE will be paired versus USDT—a multichain stablecoin that’s also the world’s most liquid.
The team explained that one of StrongNode Edge’s top considerations when listing a centralized exchange would be the ramp’s geographical location. An exchange with a global presence would, based on the number of assets supported and client-base, accelerate the acquisition rate of SNE, exerting upward pressure on the token.
Meanwhile, the project will list SNE from a reputable ramp that would support the project as it builds the foundation for what will likely be the anchor for their future successes.
In line with their requirements, StrongNode Edge developers identified MEXC as a suitable exchange meeting their conditions. By the close of the year, once SNE is minted, the exchange will list the Polygon and Ethereum-based versions of SNE. Additionally, it has been indicated that MEXC will hold trading competitions to celebrate the listing with up to $40k of SNE distributed to the most successful traders on the ramp.
SNE Staking on MX DeFi
However, one big announcement in this development will be the support of SNE staking on MX DeFi. This program allows users to enjoy mining rewards with the flexibility of storing and using coins anytime. With the ability to stake SNE and earn yield via MX DeFi, users will be assured of a safe yield mining environment with a state-of-the-art Impermanent Loss Compensation that cushions token holders from losses incurred from inevitable volatility.
According to Katherine Deng, the MX DeFi program from where SNE users will stake and earn rewards is a tool that accelerates the adoption of DeFi. In a recent press release, she said:
“We are always open-minded toward potential trends in the broader cryptocurrency and blockchain space. DeFi assets are in high demand, and we strive to offer our customers what they desire. This approach allows us to introduce clients to new DeFi projects and assets, all the while providing a safe yield mining environment. Our state-of-the-art Impermanent Loss Compensation ensures token volatility is never a concern.”
In January, StrongNode Edge announced their partnership with Dopamine, a DeFi provider boasting over 120 connected cryptocurrency exchanges, in a deal that will see SNE supported in the dApp’s mobile app.
