U2U Network Lists On Kraken: Elevating Vietnamese Blockchain
U2U Network Lists On Kraken: A Vietnamese Blockchain's Global Ascent
U2U Network, Vietnam's pioneering Layer-1 blockchain platform, has officially announced a historic milestone: its native token, $U2U, will be listed on the Kraken exchange on October 17th at 14:00 UTC. This event not only marks a significant step forward for U2U Network but also serves as a strong testament to the capabilities and credibility of 'Make in Vietnam' blockchain technology on the international stage.
Introduction To U2U Network
U2U Network is a Layer-1 blockchain platform entirely developed by a team of Vietnamese engineers. The platform focuses on building a highly scalable, interoperable, and ultra-fast transaction infrastructure, supporting decentralized Web3 applications (dApps).
U2U Network's Core Technology
U2U Network stands out with its advanced technological architecture, combining Directed Acyclic Graph (DAG) with subnet technology and Ethereum Virtual Machine (EVM) compatibility. This combination allows the network to achieve:
• Extremely fast transaction processing speed: up to 17,000 transactions per second (TPS) and even 500,000 TPS in testing.
• Transaction finality in under 1 second.
• Very low transaction costs.
• The Helios consensus mechanism plays a crucial role in ensuring the scalability and efficiency of the system.
Goals And Applications
U2U Network is specifically designed for Decentralized Physical Infrastructure Networks (DePIN), targeting critical industries such as telecommunications, IoT (Internet of Things), data storage, and digital identity. The platform aims to address decentralization challenges within the DePIN market by providing a comprehensive blockchain solution.
Ecosystem And Achievements
Despite its young age, U2U Network has rapidly built a robust ecosystem with over 1.4 million global users and supports more than 100 projects currently developing or committed to building on its platform. Leading crypto market intelligence firm Messari has ranked U2U among the top 3 global DePIN Layer-1 blockchains, acknowledging its pioneering role. The project has successfully raised $13.8 million in funding and received backing from major partners such as SSI Digital (a subsidiary of SSI Securities Corporation), KuCoin Ventures, Chain Capital, and AWS.
Founding Team
The U2U Network founding team consists of highly experienced professionals in blockchain, technology, and business development:
• Chloe Phung (Trang Phung): Co-founder and CEO, previously CEO of Bvnex.com, Vietnam's first fiat-to-crypto exchange.
• Luu Tran: Co-founder and CTO, previously CTO of KardiaChain with experience at Google and Salesforce.
• Tran Anh: Co-founder and COO, previously CEO of Timebit OTC.
Significance Of Listing On Kraken
Kraken is one of the world's oldest, most reputable, and highly regulated digital asset exchanges, founded in 2011 and headquartered in the United States. Renowned for its regulatory compliance, transparency, and security, Kraken operates legally in over 190 countries and has listed only about 500 tokens throughout its 14 years of operation, demonstrating its extremely rigorous selection process.
Enhanced Credibility And Trust
The fact that $U2U has met Kraken's stringent standards is considered a significant 'seal of approval'. This confirms U2U Network's technology, security, scalability, tokenomics, ecosystem sustainability, team capabilities, and regulatory compliance.
Increased Accessibility And Liquidity
Listing on Kraken provides U2U access to a broad and active global user base, thereby increasing trading volume and improving liquidity for the $U2U token. This also opens doors for institutional capital from the US and EU, while positioning Vietnam on the global Layer-1 map with high credibility.
Promoting 'Make In Vietnam' Technology
This event is a crucial milestone for 'Make in Vietnam' blockchain technology, demonstrating that Vietnam is capable of developing a world-class blockchain platform with real-world applications, real users, and real value.
Chloe Phung, Co-founder and CEO of U2U Network, emphasized that this 'proves that a blockchain project born in Vietnam can step onto the biggest stage, meet the toughest standards, and overcome them.'
Cautious And Sustainable Approach
The Kraken listing also confirms U2U's cautious, transparent, and sustainable approach to entering the US market, one of the most strictly regulated markets.
Outlook And Future
With the Kraken listing, U2U Network aims to become the core digital infrastructure for Web3 applications, digital finance, and digital transformation in Vietnam. Simultaneously, the platform will continue to expand collaborations with international partners, introduce additional DePIN sub-chains, and foster strategic partnerships. These developments will reinforce U2U's mission to provide scalable and secure infrastructure solutions powered by blockchain technology, delivering sustainable value to the community and ecosystem.
Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.