Major cryptocurrency exchange Kraken has officially announced the launch of spot and margin trading for ONE, the native utility and governance token of the EVM-compatible Layer 1 blockchain ONEchain. Trading officially commenced on September 9, 2026, granting the platform’s global user base direct access to an asset specifically engineered to power high-performance, decentralized on-chain gaming ecosystems.
The listing brings a specialized gaming-centric infrastructure asset to one of the industry’s longest-standing trading platforms. As blockchain gaming continues to transition from speculative concept to production-ready utility, exchanges are increasingly forced to curate infrastructure tokens that directly support decentralized applications, high-throughput transactions, and complex developer frameworks. Kraken’s integration of the ONE token marks a significant milestone for the network, offering enhanced liquidity and market accessibility for retail and institutional participants alike.
Getting Started: Funding and Trading Mechanics
For Kraken account holders looking to acquire or trade ONE, accessibility has been streamlined across the exchange’s standard web interface and professional trading suites. Deposits opened concurrently with the trading rollout on September 9, 2026.
To safely transfer funds, users must navigate to the platform’s "Funding" portal, locate the asset within the directory, and select the deposit function. Exchange administrators have issued strict operational warnings regarding network compatibility. Users must ensure that their ONE tokens are transferred exclusively via supported blockchain networks integrated directly into Kraken’s infrastructure. Depositing digital assets across incompatible or unsupported networks risks permanent loss of funds, a standard security protocol enforced across major digital asset exchanges to protect network integrity.
Trading pairs are accessible via the Kraken Pro application interface, providing advanced charting tools, order book depth, and various execution types for participants looking to engage with the newly listed asset.
Deep Dive into ONEchain (ONE): Architecture and Tokenomics
ONEchain operates as a specialized Layer 1 blockchain network tailored explicitly to the technical demands of on-chain gaming, interactive entertainment, and decentralized application (dApp) deployment. Designed for maximum compatibility with the Ethereum Virtual Machine (EVM), the network utilizes EVM chain ID 612055. This architecture allows developers to seamlessly migrate existing Ethereum-based smart contracts, utilize standard tooling like Hardhat and MetaMask, and deploy sophisticated decentralized logic without rewriting codebases from scratch.
At the heart of the network’s economic and operational design is the native $ONE token. The asset fulfills multiple critical functions within the ecosystem:
- Gas Fee Mechanism: Transaction fees and computational executions across the network are paid using $ONE.
- Network Security and Consensus: The token is utilized for staking, enabling validators to secure the network or allowing token holders to delegate their holdings to active validators in exchange for network rewards.
- Governance: Holders possess voting rights over protocol upgrades, parameter adjustments, and ecosystem funding initiatives.
- Developer Utility: Developers require the token to deploy applications, interact with network-level services, and execute smart contracts.
ONEchain secures its network via a Proof of Staked Authority (PoSA) consensus mechanism fortified by BLS (Boneh-Lynn-Shacham) signatures, striking a balance between high transaction throughput, low latency, and robust cryptographic decentralization.
The tokenomics of $ONE feature a strictly fixed total supply capped at precisely 1 billion tokens, with no additional inflationary issuance scheduled. Holders seeking to participate in network consensus can stake their tokens through delegation, subject to a minimum staking threshold of 10 ONE and a mandatory 14-day unbonding period upon unstaking.
Chronology and Evolution: From CROSS to ONE
The journey leading up to the Kraken listing encompasses several strategic milestones, rebrandings, and major protocol upgrades:
- Initial Inception: The project originated under the working title CROSS, establishing the foundational architecture for an EVM-compatible gaming chain.
- June 2026 (Mainnet 2.0 Upgrade): The network deployed Mainnet 2.0, a major technical overhaul that introduced a sophisticated validator and delegation model, an automated base fee burning mechanism to deflate circulating supply, and a halving-based schedule for network block rewards.
- June 2026 (Ecosystem Expansion): Nexus Co., Ltd. completed the acquisition of ONE Store, a major South Korean app marketplace. This integration immediately positioned ONE Store as a cornerstone network validator, bridging traditional mobile application ecosystems with decentralized blockchain infrastructure.
- July 2026 (Strategic Rebranding): The project officially dropped the CROSS moniker, executing a complete corporate and protocol rebrand to ONEchain ($ONE). Stakeholders emphasized that the transition was purely a naming evolution; the underlying network infrastructure, tokenomics, smart contracts, and core development team remained entirely unchanged.
- September 9, 2026: Kraken officially lists the $ONE token, opening global spot and margin trading pairs alongside native deposit support.
Institutional Framework and Ecosystem Architecture
The development and issuance of $ONE are backed by a structured corporate and organizational framework. The token is officially issued by OGF (BVI) Ltd., an entity operating as part of the broader Opengame Foundation. Meanwhile, the technical development, protocol maintenance, and core engineering are spearheaded by Nexus Co., Ltd., a technology firm deeply entrenched in software and platform development.
To ensure a frictionless user and developer experience, ONEchain has cultivated a comprehensive suite of native tools and auxiliary applications:
- ONEpocket: A dedicated digital wallet designed for secure storage, asset management, and dApp interaction.
- ONEbridge: A cross-chain interoperability protocol facilitating seamless asset transfers between ONEchain and other leading blockchain networks.
- ONEnft: A specialized marketplace dedicated to the minting, trading, and management of non-fungible tokens native to the gaming ecosystem.
- ONEramp: A developer-focused Software Development Kit (SDK) designed to simplify the onboarding of traditional gamers and studios into the web3 environment.
- ONEexplorer: The official blockchain explorer providing transparent, real-time auditing of blocks, transactions, and validator metrics.
Market Implications and Broader Industry Analysis
The integration of gaming-focused Layer 1 tokens onto tier-one global exchanges like Kraken highlights a maturing sub-sector within the digital asset economy. Historically, exchange listings were heavily concentrated around foundational layer assets like Bitcoin and Ethereum, or speculative meme coins. However, the maturation of decentralized finance (DeFi) and web3 gaming has created a structural demand for infrastructure assets that solve specific scalability and performance bottlenecks.
Gaming applications demand near-instant finality, predictable and negligible transaction fees, and high throughput—requirements that traditional Layer 1 networks often struggle to maintain under heavy concurrent loads. By specializing exclusively in on-chain gaming architecture, ONEchain positions itself as a vertical-specific solution for game studios looking to integrate digital asset ownership, player-driven economies, and cross-game interoperability.
The incorporation of a token-burning mechanism within Mainnet 2.0 further introduces deflationary pressures tied directly to network utilization. As transaction volume generated by games, NFT trades, and dApp interactions increases, a portion of the base fees is permanently removed from circulation. In economic theory, this ties the intrinsic utility and scarcity of the $ONE token directly to the organic growth and adoption of the underlying gaming ecosystem.
Furthermore, the strategic involvement of established entities such as ONE Store—a prominent South Korean application marketplace—provides the network with a vital bridge into mainstream consumer markets. South Korea has historically maintained one of the most active, tech-savvy gaming populations globally, and leveraging a recognized app store validator grants the blockchain network a level of institutional credibility and distribution reach that purely native crypto projects often struggle to achieve.
Kraken Listing Policy and Future Outlook
Kraken continues to maintain a notoriously strict and confidential listing policy regarding upcoming digital assets. In alignment with exchange protocol, platform representatives do not comment on assets under consideration, nor do they provide advance public disclosures outside of official rollout announcements.
The exchange routinely updates its official Listings Roadmap and verified social media channels to announce new token integrations as they clear internal compliance, security, and legal reviews. For market participants and developers tracking the progress of ONEchain, the Kraken listing represents a crucial gateway to broader international liquidity, potentially catalyzing further adoption, developer migration, and ecosystem expansion as the network scales its gaming initiatives through the remainder of 2026 and beyond.
