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Litecoin (LTC) Gets Listed On Korbit In Korea

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Litecoin

Litecoin might have lost a battle, but there is a war in the crypto market yet to be won as LTC dev team is working on further exposure and development of the technology behind once 5th-best currency. Now, even though Litecoin has taken the sixth spot on the global coin ranking list weeks ago, the team is working on new improvements, one of which includes getting another listing, which seems to be affecting the value of LTC pretty positively as LTC is trading higher. This listing came at the right moment for Litecoin, especially because it carries a great importance in the crypto community. That is how we are interested in finding out more about the mentioned listing as well as following up with what LTC has been doing these days.

Litecoin: Listed on a New Exchange

Getting a new listing is always met with an ecstatic atmosphere and visible euphoria. This is no wonder because acquiring new listings always increases the visibility of the listed coin, especially in the eyes of investors, which is needless to say very important for the further expansion of a digital currency.

In addition to the increased visibility, a new listing also comes with pumped up attainability and accessibility, which consequently increases the market demand as well as the market price. This is the case because, with every new listing, the listed coin gets more visibility on the market, that way trading up and gaining more on its popularity.

On April 20th, Charlie Lee, the founder of Litecoin, announced that Litecoin just got listed on another exchange, stating that as of April 21st, Litecoin was available for live trading on Korbit, which is one of the oldest exchange markets in Korea.

Charlie Lee added further at the end of this post, which soon became viral, that he remembers asking Korbit Exchange years ago to have Litecoin listed on this platform.

Apparently, back then, Charlie Lee and Litecoin got a NO, however, it seems that Korbit recognized LTC as a valuable currency with the ability to meet the market demands set on Korbit. That is how Litecoin finally got listed on the oldest exchange in South Korea. This case will in many ways contribute to the expansion of Litecoin, firstly by increasing its visibility in the South Korean crypto market, which is the largest crypto market in the world at the same time.

In the spirit of promotion of this event, the team also donated 100 LTC, as stated by Charlie Lee.

After having Litecoin officially listed on Korbit when it started with live trading, expanding its market while consequently trading in the green with an increased trading volume, Charlie Lee made another tweet.

This time he tweeted about GeminiDotCom (Gemini exchange) being the only big exchange platform that still doesn’t accept Litecoin. At the end of the post, Charlie Lee addressed Gemini dev team, saying: “What are you waiting for?”

Getting listed on Korbit exchange might consequently lead to having LTC listed on Gemini as well, even though Gemini didn’t make any announcements on this matter.

Korbit, on the other hand, is already doing wonders for LTC as this currency is trading up. This is not a strange case at all, given the fact that Korbit is the first exchange ever to have listed Bitcoin. Besides listing Bitcoin, other major currencies that are trading on Korbit are Ethereum and Ripple, with Litecoin joining them a day ago.

How is Litecoin doing at the Current Moment?

Litecoin has seen some rough days during and even after the market started to plummet with turning into a chaotic market crash that lasted for more than eight weeks. After bouncing off, Litecoin even dropped down one rank below on the global coin ranking list when its place was taken by EOS that had an amazing rebound that consequently increased its market cap that way going up for one spot and taking LTC’s place as the 5th-best currency in the market.

However, as of the recent events, LTC started to trade on one of the oldest exchanges in Korea, Korbit, which consequently made Litecoin trading up in the green. In addition to this benevolent situation, it is expected that Charlie Lee will make his move towards having LTC listed on Gemini exchange, which is at the same time the only big market exchange that hasn’t listed Litecoin yet.

After the latest change in the market and increased visibility of Litecoin on the Korean market, Litecoin started to trade up in the green while gaining 3.49% in rises against the dollar at the moment of this writing, while breaking the value of 150$ in only a couple of hours from its latest raise.

Beside from having LTC trading in the green against the dollar, it is also going up against BTC for 2.05%.

At the current moment, Litecoin can be purchased at the price of 150.55$ per one unit. With this increase, LTC got a bit closer to its record price of 366$ per one unit, as marked back at the end of 2017.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of mariusz kluzniak via Flickr

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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