June 18, 2024

Bithumb will launch its own token

Bithumb will launch its own token

South Korean crypto trading platform Bithumb plans to issue Bithumb Coin (BT) – native token recentlythe announced blockchain platform Bithumb Chain.

The previously presented Bithumb Chain platform – is a decentralized, open-source protocol that will power products, services, and infrastructure in the Bithumb ecosystem.

Bithumb Coin will allow you to obtain rights touse Bithumb Chain, pay commissions for transactions on the platform and pay for new products in the future. With the system rental agreement, users will also be able to rent out their BT and receive leasing rewards. In addition, BT owners will be able to vote and participate in the management of the Bithumb blockchain. 

Bithumb Chain users will be able to participate withoutnot only in the design and direction of the network, but also in the investment decisions 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 draw. 

The issue of Bithumb Coin tokens will be limited,and only 300 million tokens will be released into circulation. 50% of the platform's revenue will be used to buy back and burn BT until there are 150 million tokens left.