Bytom Listed On KEX As Part Of Its Global Expansion Strategy
23 November Seoul-KEX, the Korean digital asset platform, officially announce that BYTOM will be available for trading on the exchange on November 25, 2017. This is another major milestone on BTM’s global layout after Bytom forum gaining a foothold on NAVER, the largest community in Korea. The listing on Korean exchange provides local investors to access Bytom with ease.
BTM deposit and withdrawal services will be available at 11:00 on November 23 and BTM trading will be available on November 25 at 10:00.(Korea Standard Time)
To promote the trading of BTM on KEX, 10 BTM will be given to all traders who engage in BTM trading from November 25 to 28.
Kex.com was established in 2017. Based in Korea, KEX is a global digital asset management platform dedicated to promoting the global digital asset application and development across the world. The company’s core team members are from the world’s leading technology Internet companies with rich industrial experience and professional technical background.
Bytom Blockchain Protocol, or Bytom, is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information in the physical world) can be registered, exchanged, adjusted and engaged in other more complicated and contract-based interactive operations via Bytom.
As the first publicly blockchain project based in Hangzhou, Bytom is committed to becoming the world’s largest public blockchain platform for asset registration, circulation and interoperability. Since the launch of the project in June 2017, Bytom has made solid progress.
Organizational structure: In August, Bytom Foundation was established in Singapore. The entity is in charge of the development of Bytom and business promotion.
Technology Development: In September, “BigBang“, the Alpha version of the testnet was officially released and upgraded to version 0.1.3 in November, which allows creation and transfer of assets. In addition, team developers won the second prize of the second global blockchain hackathon in COSMOS, which is by far the best ranking that Chinese team has won in this global competition.
Compliance: In October, Bytom passed the Howey Test conducted by a US law firm. Bytom became the first non-securities blockchain project that is compliant with U.S. securities regulations.
South Korea is actively studying blockchain technology. Yim Jong-yong, Chairman of the Korea Financial Services Committee, once said that the authority would comprehensively promote the standardization of digital currencies with reference to the United States, Japan and other countries. At the same time, South Korea is also exploring the establishment of a regulatory system for digital assets, stepping up the regulation of digital currencies such as bitcoin and investigating the use of digital currencies for money laundering, illegal financing and other illegal transactions. Bytom always embraces the global regulation and will continue to promote the blockchain industry across the world.