Deposits and withdrawals for Genshiro (GENS), Picasso (PICA) and OriginTrail (OTP) start now!

We’re thrilled to announce that Kraken now supports Genshiro (GENS), Picasso (PICA) and OriginTrail (OTP)!

Funding

Funding is live. You can add GENS, PICA or OTP  to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Please note, trading for these tokens will not be supported.

GENS, PICA and OTP are available for funding on Kraken and Kraken Pro with the following parameters:

Note: 

• Not available in the United States and Canada
• Clients who contributed to Genshiro, Picasso or OriginTrail’s Parachain Auction on Kraken will automatically receive the rewards in their Kraken account.

Here’s what you should know about the tokens:

Genshiro (GENS)

Genshiro is a cross-chain DeFi protocol and canary network for the Equilibrium decentralized exchange (DEX). The protocol allows users to borrow and trade cryptocurrencies on margin using a lower minimum collateralization ratio than its sister DEX. GENS is the native token of the protocol which is used to pay for network transaction fees, earn rewards via Kusama-based liquidity pools and vote on decisions affecting the future of the platform.

Picasso (PICA) 

Picasso is related to Composable Finance, a blockchain project that aims to provide cross-chain DeFi infrastructure and bridging solutions, through the extension of the Inter-blockchain Communication Protocol (IBC) beyond the Cosmos ecosystem. Picasso is the first IBC implementation outside of the Cosmos ecosystem and benefits from the shared security of the Relay Chain and the interoperability of all parachains connected to Kusama or Polkadot. PICA is a utility token used to access the services provided by the platform.

OriginTrail (OTP) 

OriginTrail is a Decentralized Knowledge Graph that organizes and verifies assets from both the physical (like art and supply chains) and digital realms (such as blockchain and DeFi). By adapting knowledge graph technology for Web3, OriginTrail enables data linking and authentication for both tangible and digital assets. The token OTP authenticates transactions within the OriginTrail ecosystem.

Ready to deposit but don’t have a Kraken account yet? Sign up today!

Will Kraken make more assets available?

Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. 

Trade with caution

There is no guarantee that a limit order will execute. There is also no guarantee a market order will execute at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken will not undertake efforts to increase the value of any cryptoasset that you buy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto-asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.