íàçâàíèå

Ethereum (ETH) Becomes First Base Currency on Bithumb’s Decentralized Exchange (DEX)

Earlier on today, the South Korean exchange of Bithumb, launched its very own decentralized exchange. In the news announcement, the team at Bithumb welcomed users to its platform effective October 15th, 2pm (UTC + 8). The full announcement was as follows:

Dear user,

Bithumb’s Decentralized Exchange (DEX) was officially launched on October 15, 2018 at 2 pm (UTC+8)!

Bithumb DEX was launched by Hong Kong-based Blockchain & Fintech BGEX Ltd.

Working with blockchain service innovator OneRoot Network, we are committed to discovering and listing more valuable cryptocurrencies.

Thank you for your trust and support in Bithumb DEX!


Free Transactions For a Month and Airdrops

To further stimulate trading action on the new decentralized exchange, the team at Bithumb has launched the following initiatives to reward users of the new platform:


Free transaction fee for one month (October 15th to November 15th, 23:59)
Users will only pay Gas Fees on the Ethereum network
A total of approximately $ 100,000 (500 ETH) in rewards will be distributed by Airdrop
Airdrops will be based on trading activities from the 15th of October, till midnight, the 30th of October
Coins for the airdrop to be distributed to the top 1,000 traders who have traded for the 2 weeks mentioned above
Traders must have more than 1 ETH worth in trade volume for one of the following coins of DENT, INS, POA20, RNT and WTC to qualify for the airdrops
Payments will be announced on the 1st of November and will commence on the same day
Airdrops to be made at random using any of the digital assets of DENT, INS, POA20, RNT and WTC
Ethereum As the First Base Currency

Further analysis of the decentralized exchange yields the fact that Ethereum is the first and only base currency on the platform. The use of Ethereum has been made easier by integrating the DEX with MetaMask. A screenshot of the 10 digital assets paired with Ethereum can be found below. (Digital assets that are part of the airdrop, have a blue A besides them.)


What are your thoughts on the new decentralized exchange by Bithumb? Please let us know in the comment section below.

The post Ethereum (ETH) Becomes First Base Currency on Bithumb’s Decentralized Exchange (DEX) appeared first on Ethereum World News.

15.10.2018 / 04:20 37
Crypto Platform Bithumb To Open Decentralized Exchange Before Binance Crypto Platform Bithumb To Open
Bithumb Follows Binance’s Lead To Open Decentralized Exchange Decentralized Exchanges, commonly referred to as DEXs in the crypto community, have
Korean Crypto Giant Bithumb is Launching a Decentralized Exchange Korean Crypto Giant Bithumb is
Perhaps inspired by the world’s largest cryptocurrency exchange Binance to launch a decentralized exchange (DEX) by 2019, Bithumb, a major digital
PR: Bithumb to Hold Transaction Fee Payback Promotion for Overseas Users PR: Bithumb to Hold Transaction Fee
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com
South Korean Cryptocurrency Exchange Giant ‘Bithumb’ Reopens User Registration Feature South Korean Cryptocurrency Exchange
Image courtesy of qz.com.Bithumb has resumed registering new users, more than two months after suffering a hack. The South Korea based platform
PR: Bithumb to Refund New Users up to 70% on Fees PR: Bithumb to Refund New Users up to
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com
ICON Surges on Bithumb Airdrop Announcement ICON Surges on Bithumb Airdrop
Bithumb, one of Korea’s largest exchanges with a daily volume of $850 million (94,000 BTC), has announced the listing of ICON (ICX), which is being
Comments (0)
Add a comment
Comment on