Cryptocurrency exchange Poloniex has listed grin (GRIN), a cryptocurrency, which is focused on increased user privacy, the official announcement states.
Trades will be available in BTC/GRIN and USDC/GRIN pairs. Deposits are currently live and withdrawals will be available in the coming weeks.
The exchange also highlights that due to the privacy and scalability features introduced by MimbleWimble technology, Poloniex will offer only two types of deposits:
- URL-based: URL-based deposits reduce Grin deposits into a single step and will appeal to users seeking a simplified experience.
- File-based: File based deposits involve Poloniex and the customer passing a unique file back and forth before broadcasting the transaction to the Grin network.
According to the announcement, during the next 11 months, 25% of all GRIN's fees will be sent to the Grin Development Fund. In the first month of trading, there will be 50% of all fees contribution.
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