- Bithumb, one of South Korea’s leading cryptocurrency exchanges, has officially listed a new altcoin, CORE, for trading with the South Korean Won (KRW).
- This strategic inclusion aims to broaden the exchange’s asset portfolio, thereby offering diverse trading options to its user base.
- “We’re excited about the inclusion of CORE, as it presents new possibilities for our traders,” said a spokes-person from Bithumb.
Discover the latest developments as Bithumb lists CORE, providing new trading opportunities and leveraging advanced blockchain technology.
CORE Trading Has Begun
On June 24, 2024, Bithumb initiated deposits for CORE at 09:00 Turkey time, with trading and withdrawals commencing at 11:00. The initial price was firmly placed at 1,840 KRW, offering a defined entry point for investors keen on this new asset. The move is seen as a strategic attempt by Bithumb to enhance its trading platform, potentially attracting a broader spectrum of investors.
The Mechanics Behind CORE
CORE functions as a decentralized Layer-1 DAO project, extending full support to the Ethereum Virtual Machine (EVM). This allows CORE to run Ethereum-based decentralized applications (dApps). Designed with an emphasis on Web 3.0, CORE aims to deliver a robust infrastructure that rewards developers for building on its network. Employing the Satoshi Plus algorithm—which merges Delegated Proof of Stake (DPoS) and Delegated Proof of Work (DPoW)—it ensures elevated security and network sustainability.
Comprehensive User Insights
Bithumb users can now trade CORE against KRW, starting June 24, 2024, at an initial price of 1,840 KRW. The coin serves various purposes: it facilitates payments, enables staking, and plays a vital role in governance within its ecosystem. Additionally, its compatibility with Ethereum-based dApps renders it an extremely versatile tool for developers.
Conclusion
With the listing of CORE, Bithumb is demonstrating its commitment to staying ahead in the competitive cryptocurrency exchange market. CORE’s ability to support Ethereum dApps, combined with its robust security model, positions it as a promising asset for both traders and developers. As the cryptocurrency landscape continues to evolve, assets like CORE are likely to gain increased attention and adoption, signaling exciting times ahead.
