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(Hong Kong, 29th December) Coinweb is thrilled to announce the long-awaited listing of its token, $CWEB, on six major exchange platforms – KuCoin, Gate.io, BitMart , MEXC Global, Bittrex Global, and Uniswap. Kucoin’s World Premiere listing will take place at 10am UTC on 30th December 2021 with the other exchanges listing thereafter, supported by leading liquidity provider Skynet Trading.
Initially launched as an ERC-20 token, the $CWEB token will fuel Coinweb’s cross-chain computation platform, taking blockchain interoperability to the next level at the full Mainnet launch planned in 2022.
$CWEB is a blockchain agnostic utility token used for gas fees in Coinweb’s high-capacity execution layer, powering parallel processing of reactive smart contracts and cross-chain transactions. $CWEB removes interoperability overhead by allowing frictionless access to different heterogeneous chains with uniform fee payments across all connected chains. $CWEB also enables light clients to prove state across different chains and serves as an apex token to provide liquidity and security for expedited cross-chain operations. The Coinweb smart contract’s ability to keep $CWEB gas balances and observe real-time changes happening in underlying Layer 1 chains, combined with the refereed delegation of computation, allows deterministic computation on information from multiple chains with only one honest node required for correctness. $CWEB is also used to pay incubator fees for Coinweb’s incubated projects.
“The listing of $CWEB on these top cryptocurrency exchanges marks another milestone for us here at Coinweb, which we are all excited about. The relationships with KuCoin, Gate.io, MEXC Global, Bittrex Global, BitMart, and Uniswap, each with an established reputation and their own key features, materialized as an important strategy for us to be listed on platforms where it can be readily accessed by users globally. Skynet Trading, one of the leading liquidity providers worldwide, will be the running point on our trading strategy. Our team and I really appreciate the support and patience our community has shown over the past 4 years to get to this point.,” Toby Gilbert, CEO stated.
 
 
About Coinweb:
Coinweb.io is a layer-2 cross-chain computation platform already on Mainnet beta with working technology, began its journey in mid-2017. With an impressive line-up of team members and a board of advisors from the worlds of traditional technology, business, and blockchain, Coinweb believes they are solving some of the most critical problems that exist within distributed ledger technology today.
CONTACT INFORMATION:
Coinweb.io
Anton Roos
+66 948724277
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