[Blockchain Today Reporter Ji-Hye Han] It was announced on the 25th that the Standard Protocol, a collaterilized Rebasable Stablecoins (CRS) protocol, will be listed on Coinone, a domestic virtual asset exchange.
The STND token of the Standard Protocol was listed on the Coinone Exchange from 12:00 p.m. on the 25th, making it possible to trade in KRW. The STND token wallet opening time is 10 am on the 25th, 12 pm on the 25th for the sell trade open, and 12:05 pm for the buy trade open.
Standard Protocol is the first stablecoin protocol capable of repaying collateral for synthetic assets operating within the Polkadot ecosystem. Tokens of the standard protocol are used in the Polkadot ecosystem, among which MTR stablecoins, unlike existing stablecoins, induce users’ participation and offer reasonable prices as a collateral-type stablecoin.
On April 29, the Standard Protocol was the only Korean project that conducted IDO on the Polka Starter platform, and was sold out in 10 minutes of the Polka Starter IDO. Starting with IDO, the standard protocol is participating in more than 110 countries including Southeast Asia, the United States, Korea, the Middle East, and Russia. The standard protocol is currently listed on foreign exchanges such as Uniswap, GateIO, and Kucoin.
Standard Protocol CEO Hyung-Seok Kang is Polkadot’s Head Ambassador for East Asia, and has participated as the only Korean speaker at the Polkadot Decoded event hosted by Polkadot for two days from May 19th. .
On the other hand, the standard protocol, led by a representative Korean developer, was the first in Korea to receive a grant from the Web3 Foundation. The standard protocol will move to the Kusama mainnet and carry out the first product with Kusama.
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