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Tachyon Protocol (IPX) Listed on Bithumb and Bithumb Global

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Wed, 12/18/2019 - 16:37
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  • Two leading Korean crypto exchange platforms, Bithumb and Bithumb Global, have officially listed IPX, a native utility token for the Tachyon telecom protocol.

Cover image via 123rf.com
Contents

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.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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  • Bitcoin (BTC) bulls have high hopes for Q2 after the coronavirus-induced crisis tanked the price of the leading cryptocurrency

Cover image via stock.adobe.com
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Bitcoin, the number one cryptocurrency by market capitalization, is set to finish its tumultuous first quarter of 2020 in the red with a 10.65 percent drop, according to crypto data provided by Skew.    

As reported by U.Today, it suffered a price crash of enormous magnitude due to the coronavirus pandemic that resulted in the global economic shock. 

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In early 2020, Bitcoin was on track to have its best Q1 since 2013. In fact, it gained more than 50 percent after reaching its current yearly high of $10,508 on Feb. 13. However, this rally hit a snag and BTC printed its first negative February close in six years

All bull dreams have been brutally shattered after the 'Black Thursday' of May 12. On top of halving its price in less than one day, BTC was actually in great danger of hitting zero because of a string of liquidations on BitMEX. 

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The odds are in the bulls' favor  

That said, there is still a good chance that the bulls can stage an impressive comeback in Q2, which is historically the most successful quarter for the leading cryptocurrency.

Last year, BTC kicked off its impressive rally on Apr. 2 with a sudden 20 percent price pump.   

At press time, BTC is sitting at $6,480, continuing its streak of range-bound price action.  

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Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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