March 2, 2021

Bithumb will launch its own token

Bithumb will launch its own token

South Korean cryptocurrency trading platform Bithumb plans to release Bithumb Coin (BT) - a recently launched native token the announced blockchain platform Bithumb Chain.

The previously introduced Bithumb Chain platform is an open source decentralized protocol that will enable the products, services and infrastructure of the Bithumb ecosystem.

Bithumb Coin will allow you to get rights tousing the Bithumb Chain, pay commission fees for transactions on the platform and pay for new products in the future. Using a system lease agreement, users will also be able to lease their BTs and receive lease rewards. In addition, BT owners will be able to vote and participate in the management of the Bithumb blockchain.

Bithumb Chain users will not be able to participatenot only in the development and development direction of the network, but also in the investment solutions of Bithumb Chain. The exchange provides BT owners with privileges in the marketing activities of the platform, including additional lottery tickets for BG Staging and an additional rate of return when participating in the token drawing.

The issue of Bithumb Coin tokens will be limited,and only 300 million tokens will be released. 50% of the platform’s revenues will be used to buy and burn BT until 150 million tokens remain.