Tachyon Protocol (IPX) Listed on Bithumb and Bithumb Global

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Wed, 12/18/2019 - 16:37
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Vladislav Sopov
Two leading Korean crypto exchange platforms, Bithumb and Bithumb Global, have officially listed IPX, a native utility token for the Tachyon telecom protocol.
Tachyon Protocol (IPX) Listed on Bithumb and Bithumb Global
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The Tachyon Protocol team, which address the challenges of building a fast and secure Internet by improving the TCP/IP model, have proudly announced the listing of its token on two exchanges.

Two-Punch Blow

The trading operations for the IPX token on the Bithumb exchange started on December 17, 2019 at 6:00 PM (KST), one hour after the first IPX/USDT trades were settled on the decentralized Bithumb Global exchange. IPX deposits for both exchanges have been available since 2:00 PM.

During its first day of trading, the IPX token opened at 60 KRW ($0.05) and soared by as much as 400% to 240 KRW ($0.21). The IPX price then stabilized around 120 KRW ($0.11), doubling its initial price.

Tachyon Protocol began its listing campaign in October. The token has a fixed supply of 1,000,000,000 (1 billion) and can be utilized for identity verification, market trading, incentivization, and coordination mechanism within the Tachyon network.

Bithumb is one of the ten largest global cryptocurrency exchanges, while Bithumb Global is its decentralized department focused on non-custodial, cross-asset trading.

 

Token and Protocol for Better Internet

Tachyon Protocol is a decentralized Internet protocol built on the V SYSTEMS blockchain. It is utilized for building a trusted, stable, fast, reliable, and transparent digital connection.

It merges the benefits of blockchain, user datagram protocol (UDP), and encryption technologies to achieve high security, obfuscation, availability, and maximum network speed.

The alpha version for the first Tachyon VPN product on MacOS was recently launched, and the iOS and Android clients will be released in Q1 2020. Moreover, V SYSTEMS has announced that its staking initiative for the IPX token will start this December.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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