Key Points
- Upbit lists BIGTIME/KRW trading pair today.
- Also, Bithumb announced the listing of JTO/KRW.
The two largest crypto exchanges in South Korea, Upbit and Bithumb announced important listings today.
Upbit Lists BIGTIME/KRW Trading Pair
Upbit announced the listing of BIGTIME/KRW trading pair today.
According to official reports, the launch will take place later today, September 5, at 5:00 PM Beijing time.
Upbit is the largest crypto exchange in South Korea in terms of trading volume and customer base, with over 180 cryptos listed and more than 300 trading pairs already available. In the past 24 hours, the exchange has had a trading volume of over $1 billion.
Following the listing announcement, BIGTIME token surged by 30%, and it’s now trading above $0.08.
What is Bigtime?
Bigtime is a free multiplayer role-playing (RPG) action blockchain game. Big Time Studios is a new game company devoted to creating online adventures through space and time, building games that appeal to a broader audience.
In the RPG game, users team up with friends to explore ancient mysteries and futuristic civilizations as they battle their way through history. The game also involves collecting rare and legendary NFT items to decorate avatars and a personal time machine.
Bithumb Lists JTO/KRW Spot Trading Pair
According to an official announcement, Bithumb will list the JTO/KRW spot trading pair later today.
Bithumb is the largest South Korean crypto exchange, offering a diverse selection of digital assets. It has a trading volume of over $502 million in the past 24 hours.
After the announcement, JTO’s price surged by 2% today, and the coin is now trading above $2.
What is Jito (JTO)?
JTO is the token of Jito Network, an important contributor to the Solana ecosystem via the JitoSOL liquid staking pool, and the collection of MEV products.
Users can exchange SOL for JitoSOL, and in return, holders maintain SOL’s liquidity and DeFi opportunities while earning yield from staking. JitoSOL offers holders additional rewards from transaction revenue associated with MEV extraction on Solana.
The JTO token enables holders to make key decisions and shape the future of the Jito Network, so that it continues to evolve and thrive in alignment with the needs of users and the broader Solana ecosystem.
The decisions include the following:
- Setting fees for the JitoSOL staking pool
- Updating delegation strategies by controlling the parameters of the StakeNet programs
- Managing the treasury of the JTO tokens held by the DAO and fees from JitoSOL
- Contributing to the ongoing development and improvement of Jito’s protocols and products
