Kraken has announced the launch of its tokenized network called INK. This decision distinguishes the company amid other major cryptocurrency exchanges like Coinbase, which adopt a more cautious approach to token issuance.
What is INK Coin?
Kraken has initiated the INK network, similar to Coinbase's BASE network, but with a key difference: it will issue its own INK token. The Ink Foundation officially announced plans to release the token and conduct an airdrop. This decision had been anticipated from Kraken's INK branch and has become possible due to the successful launch of the BASE network.
INK is described as a token focused not on speculation or price movements, but on real-world applications. Official statements emphasize that their user-centric token model represents the only true model.
Airdrop and Collaboration in INK Network
DeFi users participating in the INK liquidity pool on Aave will soon be eligible for the airdrop. To mitigate potential legal repercussions, Kraken is managing this process through a foundation affiliate. While specific details of the airdrop have yet to be revealed, multiple INK token drops are expected.
The INK network is also part of the ‘Superchain’ ecosystem from Optimism, which already includes entities like Base, Sony, and UniSwap, aiding in ease of interoperability and access to security.
Upcoming Plans for Kraken and DeFi Market
Kraken, like Coinbase, is planning a public offering aimed for the first quarter of 2026. This decision signifies that the firm continues to develop its ambitions within the DeFi market despite existing challenges and changes in the market environment.
The INK token from Kraken and the initiative to create the network represent a move towards expanding opportunities for DeFi users. Kraken's further actions in this direction could have a significant impact on the market, especially in light of the company's upcoming public offering.
