YEREVAN (CoinChapter.com) — Bithumb, South Korea’s second-largest cryptocurrency change, introduced right now the itemizing of a brand new altcoin, Ionet (IO). In accordance with Bithumb’s official assertion, Ionet (IO) will probably be added to its Korean Gained (KRW) market. Furthermore, transactions will probably be supported on the Solana (SOL) community. Nonetheless, deposits via different networks is not going to be supported.
- Supported Market: Korean Gained Market
- Supported Community: Solana (SOL)
- Deposit Begin: 07.08.2024 at 16:00 KST
- Transaction/Withdrawal Begin: 07.08.2024 at 18:00 KST
What’s Ionet (IO)?
Ionet (IO) is a decentralized computing community platform that makes use of unused GPU sources. Consequently, it offers an environment friendly and distributed bodily infrastructure community (DEPIN). Moreover, it provides cost-effective computing sources for machine studying and AI initiatives.
Key Options
- Value-Efficient Computing: Ionet provides entry to a distributed cloud cluster at a decrease price, making it appropriate for machine studying and AI initiatives.
- Decentralized Community: The platform makes use of a decentralized method, making certain safety and reliability via distributed networks.
- Token Utilization: IO tokens are the principle cryptocurrency throughout the community, rewarding service suppliers and facilitating fee transactions.
IO Surges 7% on Bithumb Itemizing, With Preliminary Trading Restrictions in Place
After the itemizing announcement, IO noticed a 7% price improve. To make sure a safe buying and selling surroundings, Bithumb applied preliminary transaction restrictions. Particularly, for the primary 5 minutes after buying and selling begins, buy transactions are restricted to forestall volatility. Moreover, sale price restrictions will apply if the price drops 10% beneath or rises 100% above the bottom price.
Price Compensation Expanded to All Digital Property
On August 6, 2024, Bithumb introduced it’s going to lengthen its lowest price compensation for withdrawal charges to incorporate all digital property. Earlier than this, the system lined 160 varieties of digital property and compensated 200% of the payment distinction with factors that customers may use on Bithumb.
Now, this growth goals to enhance person satisfaction and provides Bithumb a aggressive edge out there. Customers can apply for this compensation by clicking on the payment compensation utility within the withdrawal element display screen beneath the deposit and withdrawal menu. The method stays the identical as earlier than.
Bithumb Delists AGIX Token Amid Market Turbulence
On August 4, 2024, Bithumb revealed its plan to delist SingularityNET’s AGIX token, efficient instantly. This choice follows the latest merger of AGIX with Ocean Protocol (OCEAN) and Fetch.ai (FET) into a brand new entity often called the Synthetic Superintelligence Token (ASI).
The cryptocurrency market, which has already seen a big drop of over $500 billion, is additional impacted by this delisting. Consequently, transition charges have been set, with 1 AGIX changing to 0.433350 ASI, 1 OCEAN to 0.433226 ASI, and 1 FET to 1 ASI. This improvement makes the merger a posh and important section for stakeholders.
This text is for informational functions solely and doesn’t represent funding recommendation.