• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
bithumb
Nexo Logo

Bithumb Launches New DEX with No Transaction Fees and Airdrop Event

newsbtc by newsbtc
4 years ago
in Cryptocurrency Technology
Reading Time: 2 mins read
Advertisement

Bithumb, South Korea’s second largest cryptocurrency exchange officially launched its Decentralised Exchange (DEX) on October 15 and marked the occasion with two events – free transaction fee event and an Airdrop event, the details of which have been published on the company website.

No Transaction fee period and Airdrop event

The Free Transaction Fee event will enable users to trade on the platform without paying any fees to the exchange. They will be required to pay only the Gas fee to the Ethereum Network. The event, which began on October 15, will continue for a month till November 15.

The company is also distributing approximately $100,000 (500 ETH) in an Airdrop event to celebrate the opening of the DEX. The coins will be distributed to the top 1000 traders who have traded on the platform for 2 weeks. To qualify for the free coins, the traders must have traded more than 1 ETH worth trade volume on the exchange.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The top trader will receive coins worth 50 ETH, the trader with the second rank will get coins worth 30 ETH, and the trader with the third rank is entitled to coins worth 15 ETH. The amount of the Airdrop giveaway will keep decreasing as the ranks get lower. The period of the event is from October 15 to October 30, and payments will start on November 1.

How is Bithumb’s DEX different from a centralized exchange?

The DEX has been developed using the R1 protocol in collaboration with ONEROOT, a global blockchain company. The DEX offers superior security as compared to centralized exchanges, as all of the DEX’s assets are stored in Smart Contracts and controlled independently by the users. Even in the event of a hack, the DEX’s assets are not at a risk of loss. The histories of all transactions are also recorded transparently on the blockchain, which eliminates the possibility of any tampering of data.

The matching and settlement of orders on the exchange are separated by the R1 protocol. Order matching is done off-chain, which allows for fast transaction speed. The DEX will also share order data and liquidity with other exchanges using the R1 protocol, which will empower it with better trading depth and increased asset liquidity.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

In June this year, a $30 million hack had tarnished the name of the exchange temporarily. However, the exchange actively took damage control measures and recovered $16 million of the lost funds.

In July, the company also announced its plans of launching in Japan and Thailand. As per reports, Bithumb has applied with Japan’s Financial Services Agency (FSA) and Thailand’s Securities and Exchange Commission (SEC) for regulatory approval for operating in these countries.

 

Image from Shutterstock
Tags: airdropBithumbdecentralized exchangeDEXzero fees
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Stepn

Stepn GST Token Slides 97% – Despite Fitness App Having 3M Users

4 days ago
The Sandbox

The Sandbox (SAND) Blows Up 20% After Collab With Major Entertainment Firm

2 weeks ago
Shiba Inu

Shiba Inu Kicks Off Metaverse Project; SHIB Rallies 14% In The Last 7 Days

3 months ago
Powell

Fed Chair Powell Says Crypto Requires New Rules, Citing ‘Threats’ To US Financial System

3 months ago
Fiat

Fiat – Not Crypto – Still The Top Choice For Financial Crimes, US Treasury Says

3 months ago
Facebook

Former Facebook Employees Get $200 Million To Create Blockchain System For Aptos

3 months ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Have These Coins Cardano (ADA), Solana (SOL), and FIREPIN Token (FRPN) Become The Pillars Of The Crypto Space?

June 27, 2022

Torches Finance, The Top Lending Protocol has Launched on KCC, Genesis NFT Free Mint is Coming Soon

June 27, 2022

DogeSQ Token Presale Will Live on 28th June, 2022. 6:00 AM UTC

June 27, 2022

XT.com Lists Tales of Xtalnia (XTAL) With USDT Trading Pair

June 27, 2022

Find Out How Gnox (GNOX) Is Planning To Take On Fantom (FTM) And Avalanche (AVAX)

June 27, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.