Late Tuesday evening (PT) saw major South Korean crypto exchange Bithumb announce the listing of five new cryptocurrencies: Gifto (GTO), TenX (PAY), Wax (WAX), Power Ledger (POWR), and Loopring (LRC). Notably, all five of these newly-listed cryptocurrencies are ERC20 tokens (i.e., built atop the Ethereum blockchain).
Bithumb, the sixth largest cryptoasset exchange in the world, provided a corresponding press release informing customers of the specificities behind the major listings.
Whilst Bithumb had initially stated that deposit wallets would be opened at 15:30 (KST) for each of TenX, WAX, Power Ledger, Loopring, and Gifto, they subsequently postponed this by one hour to 16:30.
Bithumb To Run 1% Refund Promo
In a near identical promotion that commemorated last week’s dual-listing of Zilliqa (ZIL) and Ethos (ETHOS) – which ends today (i.e., May 16) – customers of the major South Korean exchange are entitled to a one percent payback on all PAY, WAX, POWR, LRC, and/or GTO deposits and trading during the period (stated below).
The dates to note for both Bithumb and Bithumb Pro users wishing to benefit from this promotion are as follows: deposit period (from the opening of payment address until midnight (KST) of May 18, and trading period (from time of listing until midnight (KST) of May 22).
— Bithumb (@BithumbOfficial) May 16, 2018
Just like last week’s promotional event, to be eligible for the one percent payback, Bithumb users must send their PAY, WAX, POWR, LRC, and/or GTO to a self-generated deposit address. Of note, users must trade at least some their deposited PAY, WAX, POWR, LRC, and/or GTO to remain eligible. Further details are available on Bithumb’s promotional page.
Bithumb Five Thrive Despite Dull Market
As expected, the crypto market has taken little time to price in the news of Bithumb’s five listings. At the time of writing, CoinCheckup reveals that all are in the green over the past 24 hours: LRC (+7.7%), GTO (+4.3%) WAX (+9.5%), POWR (+2.4%), and PAY (+5.0%).
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