Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. The Forbidden Forest (FORESTPLUS) is now available on KuCoin. Supported trading pairs include FORESTPLUS/BTC and FORESTPLUS/USDT.
Please take note of the following schedule:
- Deposits Effective Immediately
- Trading: 18:00 on July 11, 2019 (UTC+8)
- Withdrawal: 18:00 on July 15, 2019 (UTC+8)
The Forbidden Forest (FORESTPLUS) Project Summary
Forest is a new “highly private”, “lightweight expansive”, “completely open” and “stable value-preserving” cryptology currency.
Forest does not use the address or extra information on the traditional blockchain, and believes transactional information can be simple and convenient in a secret packaging. In addition, Forest has adopted a relay strategy of “random wandering” similar to the onion network to ensure that every transaction is trackable before publicizing blockchain information.
Forest adopted the most advanced MimbleWimble protocol and made it delete and compress historic transactional information to a large extent with the promise of doing no harm to key information, shaping a lightweight blockchain information account book and ensuring the long-term expansiveness of Forest.
Forest has a completely open development community that mainly consists of developers from various regions and countries. Forest is not a company, fund or any other profitable controlled group, its major target is to realize a fair, open, convenient and secure public chain for daily private payment.
Forest’s positioning is as a value preserving cryptology currency with high privacy, expansiveness, and openness. Therefore, it is different from the high inflation Grin currency model. The total circulation of Forest is 2.1 billion, with a limited amount, which means it has a deflation model with the long-term perspective, hence it is beneficial to reserve long-term value.
Official Website: https://www.theforbiddenforest.org/
Whitepaper: https://www.theforbiddenforest.org/YELLOW%20PAPER%20OF%20PUBLIC%20BLOCKCHAIN.pdf
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
– The KuCoin Team
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