Bithumb Announces Listing of io.net Token (IO) – Elevating Accessibility in the Korean Crypto Market

On Aug 8, 2024

Seoul, South Korea, August 8th, 2024, Chainwire

Bithumb, South Korea’s leading cryptocurrency exchange, is proud to announce the official listing of the io.net token (IO) on its platform. This strategic move aims to enhance the reach and adoption of io.net’s decentralized computing network, which is pioneering in providing cost-efficient and scalable distributed physical infrastructure for machine learning and AI projects.

Key Listing Information:

Supported Market: Korean Won (KRW) Market
Supported Network: Solana (SOL) (Note: Deposits via other networks are not supported)
Deposit Start: 4:00 PM KST, Wednesday, August 7, 2024
Trading/Withdrawal Start: 6:00 PM KST, Wednesday, August 7, 2024
Base Price: 2,334 KRW
Number of Deposit Confirmations Required: 20

Trading Guidelines and Safeguards: To foster a secure and orderly trading environment, Bithumb has instituted temporary trading controls during the initial phase:

Buy Orders: Restricted for the first 5 minutes post-launch.
Sell Orders: Restricted for the first 5 minutes post-launch at prices lower than -10% or higher than +100% of the base price.
Automatic Orders: Enabled following the first transaction.

These measures are designed to ensure stability and protect investors from extreme volatility in the early stages of trading.

Bithumb’s Commitment: As a premier cryptocurrency exchange, Bithumb is dedicated to providing a secure, compliant, and user-friendly trading environment. Our commitment to investor protection is reflected in our stringent listing criteria and continuous enhancements to our platform’s security protocols.

For more comprehensive details on deposit and withdrawal policies, trading guidelines, and investment precautions, users are encouraged to visit the official Bithumb website.

About io.net (IO):

The io.net platform is at the forefront of revolutionizing the distributed computing landscape. By leveraging the Solana network, io.net offers a robust and efficient infrastructure that significantly reduces costs and enhances performance for machine learning and AI applications. This listing on Bithumb marks a pivotal moment for io.net, expanding its accessibility to the Korean market and bolstering its global presence.

About Bithumb:

Bithumb is one of the largest cryptocurrency exchanges in South Korea, renowned for its extensive range of supported assets, advanced trading features, and unwavering commitment to security. With a mission to drive the global adoption of cryptocurrencies, Bithumb continuously strives to provide a seamless and innovative trading experience for its users.