What are the supported networks on the Kinesis platform

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In this video, Mike lists all the blockchain networks supported within the Kinesis Monetary System.

When transferring assets from other crypto exchanges or external wallets into the Kinesis platform, it’s important to ensure they are on the same network to guarantee a smooth and successful transaction.

Please note that the video below shows an earlier version of the Kinesis platform, and our team is working on updating it soon. The platform features, however, remain the same.

 

Although each cryptocurrency listed on the Kinesis platform runs on its own blockchain network, Kinesis currently only supports Ethereum (ERC-20) network transactions for depositing ERC-20 tokens, such as ETH, USDT, and USDC.

Other networks that support ERC-20 tokens are currently not supported on the Kinesis platform, and using these alternative blockchains will result in costly fees.

To avoid additional charges, please ensure you only use the Ethereum blockchain when depositing cryptocurrencies to the Kinesis platform.

 

Will I get charged extra for depositing ERC-20 tokens from blockchains other than Ethereum?

Depositing ERC-20 tokens from other blockchains, such as Solana, Polygon and Binance Chain, will result in the loss of your assets. 

Additionally, to retrieve the funds, the user will incur a 5 KAU fee. 

To avoid additional fees and ensure a successful deposit, please only use the Ethereum blockchain when depositing ERC-20 assets to the Kinesis platform.

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