KuCoin to list Destra Network's $DSYNC, a decentralized AI-native network unifying AI and compute.
KuCoin, a prominent cryptocurrency exchange, has announced its intention to list Destra Network's DSYNC token. This move is expected to significantly boost the visibility and liquidity of Destra Network, a decentralized AI-native network that unifies AI and compute capabilities.
Destra Network, a beacon of true decentralization, is transforming the conventional web3 scene by seamlessly blending decentralized cloud solutions and GPU networks. This harmonious interplay optimizes AI computation to its peak efficiency, ensuring data permanence and distribution while mitigating risks linked to centralized servers. The network utilizes cutting-edge technologies such as the InterPlanetary File System (IPFS), ENS, Destra Nodes, and Destra's Decentralized DNS [1].
The DSYNC token, the native currency of the Destra Network, is currently trading at $0.12 on Coinbase, with a market cap of $117.33M. The token has seen a 15.83% increase in price over the past week, indicating growing interest in the project. The circulating supply of DSYNC is 975 million, with a total supply of 1 billion tokens [1].
The listing on KuCoin is expected to provide Destra Network with greater exposure to a broader range of investors. KuCoin, known for its user-friendly platform and robust security measures, is a popular choice among cryptocurrency enthusiasts. The listing will likely attract more traders and investors, potentially driving up the price and market cap of DSYNC.
Destra Network's technology is particularly relevant in the context of the ongoing development of AI-native wireless networks for 5G and 6G. NVIDIA, a leader in AI and GPU technology, has been working with telecom industry leaders to develop AI-native network stacks for 6G on its AI Aerial platform. This collaboration underscores the potential of decentralized networks in supporting AI inferencing at scale with low latency and guaranteed quality of service [2].
In conclusion, the listing of DSYNC on KuCoin is a significant milestone for Destra Network. It represents a step forward in the adoption of decentralized AI-native networks and highlights the growing importance of such technologies in the future of telecommunications.
References:
[1] https://www.coinbase.com/price/destra-network
[2] https://www.nvidia.com/en-us/industries/telecommunications/ai-ran.md
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