March 5, 2021

Bithumb Global Launches Bithumb Coin

Bithumb Global, the leading internationalcryptocurrency exchange, launched its own cryptocurrency Bithumb Coin (BT), a token running on the Bithumb Chain blockchain. The token allows transactions in the Bithumb Global network, developed by professionals in the field IT, security, cryptography and finance.

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Bithumb Chain - A decentralized protocol withopen source software that enables the products, services, and infrastructure of the Bithumb Family ecosystem. To develop the ecosystem, Bithumb Family offers many new technologies on the Bithumb Chain blockchain, including the EaaS (Exchange-as-a-Service) service, which is a unique Profit Sharing Protocol (PSP) that allows users to access the service in one click.

30% Bithumb Coin (BT) Tokenssent to the motivational pool of users, another 30% are distributed to motivate traders using the point system, which will be announced later. In addition, the token is used to process transaction fees in the Bithumb Global network, obtain rights to use the network system, pay transaction fees on the Bithumb Global platform, and also to pay for new products in the future.

Through a leasing contract system, usersThey can also rent their BTs for leasing rewards. Moreover, BT owners can vote and participate in the management of the Bithumb Chain blockchain, including nominations for project listings. In fact, members of the Bithumb Chain ecosystem not only participate in the formation and determination of the network's development vector, but also make investment decisions for the Bithumb Chain. Tokens give token holders privileges such as additional rates in BG Staging and additional return on investment when participating in token rates. Also, BT holders can invest a certain number of tokens in becoming a common node on the Bithumb Global platform and regularly participate in listing nominations in the Bithumb Family.

In turn, 25% of BT tokens are allocated to the development of the network and its stability, and 50% of the platform’s profits will be used to buy BT back, until there are 150 million tokens left.

The issue of Bithumb Coin will be limited to only 300 million tokens. Project details are available on the official website.

It is worth noting that the Korean unitBithumb Korea is one of the largest bitcoin exchanges in the world with a daily trading volume of 75.7% of the bitcoin market in South Korea and 15% of the global bitcoin market. In addition, 8 million users around the world already use Bithumb Family, which gives optimism about the future of this project.

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