South Korea’s major cryptocurrency exchange, Bithumb, has revealed the listing of a new altcoin, CORE. Effective immediately, users can trade CORE using the South Korean Won (KRW). This new addition aims to diversify the platform’s offerings and provide more opportunities for traders.
What Are the CORE Trading Details?
Bithumb has specified the timeline for CORE trading activities. Deposits for CORE will be accepted starting June 24, 2024, at 09:00 Turkey time, followed by withdrawals and trading two hours later at 11:00. The initial price for CORE has been set at 1,840 KRW, giving potential investors a clear entry point.
How Does CORE Function?
CORE is a decentralized Layer-1 DAO project that fully supports the Ethereum Virtual Machine (EVM). This capability allows CORE to operate Ethereum-based decentralized applications (dApps). Targeting Web 3.0 development, CORE aims to create a robust infrastructure and incentivize developers through various rewards for building on its network.
The CORE Mainnet leverages the Satoshi Plus algorithm, which combines Delegated Proof of Stake (DPoS) and Delegated Proof of Work (DPoW) to bolster network security and sustainability. Within its ecosystem, CORE serves as the native token, facilitating payments, staking, and governance functions.
User-Usable Insights
- Users can start trading CORE with KRW on Bithumb from June 24, 2024.
- The initial trading price for CORE is set at 1,840 KRW.
- CORE supports Ethereum dApps, making it a versatile option for developers.
- The Satoshi Plus algorithm enhances network security and sustainability.
- CORE can be used for payments, staking, and governance within its ecosystem.
In conclusion, Bithumb’s listing of CORE introduces new opportunities for traders and developers alike. With its compatibility with Ethereum dApps and a robust security model, CORE is poised to become a significant player in the cryptocurrency landscape.
