Cryptocurrency exchanges KuCoin and Gate.io announced today that they will list SATS, a token based on Bitcoin’s Ordinals protocol.
The listing of SATS on two major exchanges is a positive development for the project as it is likely to bring more attention and demand to the token.
SATS is an abbreviation of Satoshis, the smallest unit of Bitcoin. One Satoshi ($SATS) is equal to 0.00000001 BTC.
The SATS token was created by a team of anonymous developers with the goal of making Bitcoin more accessible and easier to use.
🔥 https://t.co/8kWqgEeplL New Listing: $SATS
✅ Deposit: Opened
✅ Trading Starts: TBD👉 Deposit Now: https://t.co/EuWdMo6xrH
📃 Details: https://t.co/uFGCvgkjgf #Gateio #Newlisting #SATS #BRC20 pic.twitter.com/kZasKTwAkY
— Gate.io (@gate_io) November 8, 2023
The Ordinals protocol allows developers to assign an identity or file to each satoshi on the Bitcoin network. This allows for the creation of fungible (tradeable) tokens, such as SATS, as well as non-fungible tokens (NFT).
The announcement of SATS listing on KuCoin and Gate.io comes just a day after Binance, another major cryptocurrency exchange, announced that it would list Ordi, another token based on the Ordinals protocol.
Impact on SATS price
These announcements are likely to have a positive impact on the price of the token. The increase in liquidity and visibility of the token could lead to an increase in demand and therefore an increase in price.
However, it is important to note that the price of SATS is volatile and can fluctuate significantly. Investors should do their own research before investing in any cryptocurrency.
The inclusion of $SATS in KuCoin is a reflection of the growing interest in memecoins and tokens based on Bitcoin’s Ordinals protocol. Cryptocurrency investors and enthusiasts have a new opportunity to explore this unique currency and participate in its exciting journey in the market.
KuCoin and Gate continue to provide their user communities with a wide range of cryptocurrency options and continue to be among the leaders in the crypto exchange industry, offering exciting opportunities for investors around the world.
