After the Ethereum Classic hardfork, all ETC owners will receive a new cryptocurrency
The ETC hardfork is planned on the block of 5,500,000, or March 5. All owners of Ethereum classic will automatically be credited with Callisto (CLO) tokens in a 1 to 1 ratio.
The new Callisto Blockchain is built on the Ethereum protocol and will be aimed at testing experimental protocols, new scaling solutions and a management system that provides additional incentives for miners and holders.
Callisto is the Cold staking protocol, which rewards coin holders for being members of the network. The Blockchain will work on the consensus of Proof-of-Work (POW).
The developers of Ethereum Classic could not make ETC a full-fledged competitor to ETH. With a new project, they returned interest to their cryptocurrency. Quotes of ETC are going up in anticipation of the hardfork
The ETC hardfork is planned on the block of 5,500,000, or March 5. All owners of Ethereum classic will automatically be credited with Callisto (CLO) tokens in a 1 to 1 ratio.
The new Callisto Blockchain is built on the Ethereum protocol and will be aimed at testing experimental protocols, new scaling solutions and a management system that provides additional incentives for miners and holders.
Callisto is the Cold staking protocol, which rewards coin holders for being members of the network. The Blockchain will work on the consensus of Proof-of-Work (POW).
The developers of Ethereum Classic could not make ETC a full-fledged competitor to ETH. With a new project, they returned interest to their cryptocurrency. Quotes of ETC are going up in anticipation of the hardfork
The cryptoperator UAE Exchange joined RippleNet
A large cryptocurrency exchanger in the United Arab Emirates UAE Exchange became a partner of the global corporate Blockchain network RippleNet.
UAE Exchange positions itself as the largest finteh player in the local market. With the new partner, the company is expecting to increase the speed of transactions.
The executive board of Ripple in turn calls the UAE market "with millions of retail customers" very attractive and promising.
At the moment, RippleNet network includes more than a hundred participants - banks and financial institutions of different countries.
A large cryptocurrency exchanger in the United Arab Emirates UAE Exchange became a partner of the global corporate Blockchain network RippleNet.
UAE Exchange positions itself as the largest finteh player in the local market. With the new partner, the company is expecting to increase the speed of transactions.
The executive board of Ripple in turn calls the UAE market "with millions of retail customers" very attractive and promising.
At the moment, RippleNet network includes more than a hundred participants - banks and financial institutions of different countries.
BANCA is a new type of an investment bank community built on blockchain technology. It’s based on AI and expert system to achieve the dynamics of Banca's eco-chain and the automatic management. Big data analysis is utilized to deliver accurate services to various participants with specific needs. Banca tracks the performance of all primary market and secondary market projects running on the platform, maintain the data on Blockchain and generate automatic reports, which are also incorruptible. BANCA is registered a non-profit Banca Foundation in Singapore.
ICO information:
Token name: BANCA
Total issuance: 20 billion BANCA
Selling 7 billion(35%) BANCA for (about 20 million USD)
1 BANCA=0.003 USD
Timeline: Feb 2018.
In March 2018, BANCA token will be listed on the exchanges.
More details about the project's plus/minus & our verdict check out on this link
ICO information:
Token name: BANCA
Total issuance: 20 billion BANCA
Selling 7 billion(35%) BANCA for (about 20 million USD)
1 BANCA=0.003 USD
Timeline: Feb 2018.
In March 2018, BANCA token will be listed on the exchanges.
More details about the project's plus/minus & our verdict check out on this link
📅ICO for the upcoming week 🚀
1️⃣2️⃣ February
🔷Smart Healthcare Today - First person-centric healthcare system.
🔷CrowdCoinage - Decentralized Crowdfunding Platform for ICO Campaigns.
🔷KALICOIN - A unique country specific: fiat-to-crypto exchange business model.
🔷Sphere Social - Sphere Network is a next-generation decentralized Social Media network.
🔷AffiliateCoin - AffiliateCoin is here to revolutionise Affiliate Marketing, powered by the security, support and investment capacity of cryptocurrency.
🔷Knowledge.io (pre-ICO) - A knowledge sharing Ad-Tech rewards Platform.
🔷Crafty - Autonomous worker free network based on blockchain.
🔷YourBlock - Blockchain based comparison and incentivised personal data storage platform.
🔷Jury.online - The future of dispute resolution.
1️⃣3️⃣ February
🔷Narrative - The content economy.
1️⃣4️⃣ February
🔷Ponder Gold - Decentralized Matchmaking Platform.
🔷CacaoShares (pre-ICO) - CacaoShares CCS saving the future of Chocolate.
🔷Tubig Blockchain - Blockchain Water Infrastructure Services.
🔷Colu Local Network - A decentralized payment system powered by everyday consumption.
1️⃣5️⃣ February
🔷Attention Network - Advertising is broken. The blockchain can fix it. Better solution for online advertisers.
🔷Ether Legends (pre-ICO) - Ethereum Blockchain Trading Card Game.
🔷FRASINDO FRAS COIN - Self-Sustainable Blockchain & StartUp Incubator.
🔷Otcrit Platform (pre-ICO) - Otcrit is an Information Marketplace and Advanced Cryptocurrency Exchange.
🔷Credits - CREDITS Cryptocurrency and Blockchain platform for the financial industry with more than 1 mln tx/sec and 0.0.
🔷Fabric Token Ecosystem - Transforming ideas into DApps.
🔷SyncFab - P2P Blockchain for the Manufacturing Supply Chain.
1️⃣6️⃣ February
🔷AgroTechFarm (pre-ICO) - The aim of the project is to initiate the mass production of indoor ATF home farming appliances for North American customers.
🔷tiqpit Solutions (pre-ICO) - Decentralized, intelligent, transparent and inter-operable blockchain/distributed ledger solutions with trusted entities in a trustless environment, in which commodity and energy supply contracts are carried out automatically.
🔷Coinvest - The world’s first decentralized investment trading market for cryptocurrencies.
🔷BnkToTheFuture - Online Investment Platform.
1️⃣7️⃣ February
🔷Lympo - Monetizing sports and health data
1️⃣8️⃣ February
🔷MOS Lottery - Fully decentralized and transparent lottery managed by an Ethereum smart contract. Winning number selected from global stock market index.
1️⃣2️⃣ February
🔷Smart Healthcare Today - First person-centric healthcare system.
🔷CrowdCoinage - Decentralized Crowdfunding Platform for ICO Campaigns.
🔷KALICOIN - A unique country specific: fiat-to-crypto exchange business model.
🔷Sphere Social - Sphere Network is a next-generation decentralized Social Media network.
🔷AffiliateCoin - AffiliateCoin is here to revolutionise Affiliate Marketing, powered by the security, support and investment capacity of cryptocurrency.
🔷Knowledge.io (pre-ICO) - A knowledge sharing Ad-Tech rewards Platform.
🔷Crafty - Autonomous worker free network based on blockchain.
🔷YourBlock - Blockchain based comparison and incentivised personal data storage platform.
🔷Jury.online - The future of dispute resolution.
1️⃣3️⃣ February
🔷Narrative - The content economy.
1️⃣4️⃣ February
🔷Ponder Gold - Decentralized Matchmaking Platform.
🔷CacaoShares (pre-ICO) - CacaoShares CCS saving the future of Chocolate.
🔷Tubig Blockchain - Blockchain Water Infrastructure Services.
🔷Colu Local Network - A decentralized payment system powered by everyday consumption.
1️⃣5️⃣ February
🔷Attention Network - Advertising is broken. The blockchain can fix it. Better solution for online advertisers.
🔷Ether Legends (pre-ICO) - Ethereum Blockchain Trading Card Game.
🔷FRASINDO FRAS COIN - Self-Sustainable Blockchain & StartUp Incubator.
🔷Otcrit Platform (pre-ICO) - Otcrit is an Information Marketplace and Advanced Cryptocurrency Exchange.
🔷Credits - CREDITS Cryptocurrency and Blockchain platform for the financial industry with more than 1 mln tx/sec and 0.0.
🔷Fabric Token Ecosystem - Transforming ideas into DApps.
🔷SyncFab - P2P Blockchain for the Manufacturing Supply Chain.
1️⃣6️⃣ February
🔷AgroTechFarm (pre-ICO) - The aim of the project is to initiate the mass production of indoor ATF home farming appliances for North American customers.
🔷tiqpit Solutions (pre-ICO) - Decentralized, intelligent, transparent and inter-operable blockchain/distributed ledger solutions with trusted entities in a trustless environment, in which commodity and energy supply contracts are carried out automatically.
🔷Coinvest - The world’s first decentralized investment trading market for cryptocurrencies.
🔷BnkToTheFuture - Online Investment Platform.
1️⃣7️⃣ February
🔷Lympo - Monetizing sports and health data
1️⃣8️⃣ February
🔷MOS Lottery - Fully decentralized and transparent lottery managed by an Ethereum smart contract. Winning number selected from global stock market index.
Monero Hardfork promises even more secure transactions
Hardfork of Monero will occur within the next month. The launch of the new cryptocurrency MoneroV (XMV) is planned on the block 1529810, which is expected to be generated on March 14, 2018. All owners of Monero will receive free XMV coins in the ratio 1:10.
It is assumed that the new cryptocurrency will allow more confidential transactions with a smaller commission and solve the scalability problems. To this end, in the first quarter of 2019, developers promise to implement the new MimbleWimble protocol instead of the current CryptoNight protocol.
It is noted, that the maximum anonymity - one of the main qualities of Monero, which became the reason for its popularity. This cryptocurrency is more often used for financial transactions in a darknet. On February 15, Monero ranks 13th in terms of capitalization among all cryptocurrencies.
Hardfork of Monero will occur within the next month. The launch of the new cryptocurrency MoneroV (XMV) is planned on the block 1529810, which is expected to be generated on March 14, 2018. All owners of Monero will receive free XMV coins in the ratio 1:10.
It is assumed that the new cryptocurrency will allow more confidential transactions with a smaller commission and solve the scalability problems. To this end, in the first quarter of 2019, developers promise to implement the new MimbleWimble protocol instead of the current CryptoNight protocol.
It is noted, that the maximum anonymity - one of the main qualities of Monero, which became the reason for its popularity. This cryptocurrency is more often used for financial transactions in a darknet. On February 15, Monero ranks 13th in terms of capitalization among all cryptocurrencies.
The number of cryptocurrency hedge funds doubled in four months
The number of cryptocurrency hedge funds continues to grow amid its volatility. According to the Autonomous NEXT study, there are now 226 global hedge funds in the world. Back in October 2017, there were only 110 of them, and at the beginning of last year 37. The total share of their assets is estimated at $ 3.5 to $ 5 billion.
Compared to the peak price at the end of 2017, when bitcoin costed nearly $ 20,000, in early 2018 it lost 70% of its value. After it, the entire market of cryptocurrencies fell.
According to the Eurekahedge industry tracker, in January hedge funds focused on cryptocurrencies lost an average of 4.6%, while on average the hedge funds' return for this period was 8.25%.
However, Autonomous NEXT experts believe that this will not stop the flow of investment in cryptocurrencies and the creation of new investment funds. Strategies for the funds are different: some invest in bitcoin in long and short positions, some are invested in a basket of cryptocurrencies, and the rest earn on the difference between rates on different exchanges.
The number of cryptocurrency hedge funds continues to grow amid its volatility. According to the Autonomous NEXT study, there are now 226 global hedge funds in the world. Back in October 2017, there were only 110 of them, and at the beginning of last year 37. The total share of their assets is estimated at $ 3.5 to $ 5 billion.
Compared to the peak price at the end of 2017, when bitcoin costed nearly $ 20,000, in early 2018 it lost 70% of its value. After it, the entire market of cryptocurrencies fell.
According to the Eurekahedge industry tracker, in January hedge funds focused on cryptocurrencies lost an average of 4.6%, while on average the hedge funds' return for this period was 8.25%.
However, Autonomous NEXT experts believe that this will not stop the flow of investment in cryptocurrencies and the creation of new investment funds. Strategies for the funds are different: some invest in bitcoin in long and short positions, some are invested in a basket of cryptocurrencies, and the rest earn on the difference between rates on different exchanges.
Experts identified top three countries for ICO
Experts of the consulting agency ICO Producer found out where is best to conduct ICO. To do this, they studied a hundred successful ICOs with a volume of raised funds of more than $ 10 million to find out their jurisdiction. The first three places were occupied by Singapore, Switzerland and the Cayman Islands.
Since 47 of the interviewed start-ups out of a hundred failed to disclose their jurisdiction, the researchers were based on the remaining 53. 11 start-ups from this list are registered in Singapore, where cryptocurrencies are fairly loyal. Another 9 major ICOs were held in the jurisdiction of Switzerland, whose economy minister recently stated that the country should become "cryptonation." In third place - the Cayman Islands. Overseas territory of Great Britain is known as a popular offshore center, therefore, cryptocurrency projects feel quite calm here.
The fourth place in the rating is formally the United States, but analysts excluded them from the list because of the prohibitive initiatives of the Securities and Exchange Commission.
Experts of the consulting agency ICO Producer found out where is best to conduct ICO. To do this, they studied a hundred successful ICOs with a volume of raised funds of more than $ 10 million to find out their jurisdiction. The first three places were occupied by Singapore, Switzerland and the Cayman Islands.
Since 47 of the interviewed start-ups out of a hundred failed to disclose their jurisdiction, the researchers were based on the remaining 53. 11 start-ups from this list are registered in Singapore, where cryptocurrencies are fairly loyal. Another 9 major ICOs were held in the jurisdiction of Switzerland, whose economy minister recently stated that the country should become "cryptonation." In third place - the Cayman Islands. Overseas territory of Great Britain is known as a popular offshore center, therefore, cryptocurrency projects feel quite calm here.
The fourth place in the rating is formally the United States, but analysts excluded them from the list because of the prohibitive initiatives of the Securities and Exchange Commission.
📅ICO for the upcoming week 🚀
1️⃣9️⃣ February
🔷HorseCoin (pre-ICO) - Horse Pedigree Blockchained.
🔷Pumped - Pumped provides a decentralized economy for content monetization.
🔷Tawarruq Token - A single platform matching borrowers and lenders across the globe for p2p personal financing.
🔷Taylor - Taylor enables anyone, regardless of trading expertise, to start profiting from the global cryptocurrency market.
🔷Deedcoin (pre-ICO) - Deedcoin uses blockchain technology to tokenize and reduce real estate commissions down to 1% on the purchase or sale of any property.
🔷Hamster Marketplace - Hamster Marketplace is a non-profit decentralised trading platform, aimed at the sale of niche electronics and unique gadgets from novice and local producers without involving middlemen.
🔷AB-CHAIN - AB-CHAIN ADVERTISING NETWORK - Blockchain and AI for enhanced campaigns. tokensale.
🔷Biometrids - Biometrids brings decentralised and anonymous ID to the blockchain by using facial recognition
🔷Ceek - Virtual Reality platform for streamed live events and productions.
🔷GraphGrail Ai - Artificial Intelligence platform for Blockchain.
2️⃣0️⃣ February
🔷PolySwarm - PolySwarm is the first decentralized marketplace where security experts build anti-malware engines that compete to protect you.
🔷BeautiQ - Giving small business a big business reach.
🔷Vice Industry Token - Vice Industry Token is a revolutionary blockchain and cryptocurrency looking to monetize the attention economy and reward all participants, including viewers.
🔷Ice Rock Mining - New ERA of CLOUD MINING by Ice Rock Mining.
🔷Requitix (pre-ICO) - Trusted Token & Confidence System for the eCommerce World.
🔷TriForce Tokens - New Solutions to gaming industry.
2️⃣1️⃣ February
🔷Clinicoin - Clinicoin pays you to be healthy and connects you with people who help keep you that way.
🔷Play2Live - The first blockchain-driven streaming platform for gamers and eSports fans.
🔷CoinMetro - A licensed fintech platform fueling the future of blockchain innovation.
2️⃣2️⃣ February
🔷FLOGmall (pre-ICO) - An international e-commerce site created for users from all over the world, who sell and buy various products and services with tokens.
🔷GIFcoin (pre-ICO) - The GIF in GIFcoin stands for Gambling Investment Fund.
🔷Cappasity (pre-ICO) - Decentralized Ecosystem to Create, Exchange and Embed AR/VR/3D Content.
🔷Tradershub (pre-ICO) - Community-Driven Crypto Trading Platform.
🔷Viewly - Viewly is a decentralized video platform powered by blockchain and peer‐to‐peer video sharing technologies.
🔷TE-FOOD - The world's largest farm-to-table food ecosystem is moving to blockchain.
🔷Pecunio - Decentralized investment platform that focuses on blue-chip blockchain assets.
2️⃣3️⃣ February
🔷Morpheus Network (pre-ICO) - Morpheus Network simplifies and automates the logistics, documentation and compliance necessary for any complex, international shipment for any company or individual using Smart Contracts.
🔷Loyakk Vega - A blue-chip ICO for a patent-pending, blockchain-enabled decentralized business platform, brought to you by a world-class team.
🔷RealCasino - RealCasino is a decentralized, distributed casino gaming platform.
2️⃣4️⃣ February
🔷TV-TWO - The Decentralized Television Ecosystem.
🔷Crypto Angel - CryptoAngel is virtual life guide, a Blockchain based Artificial intelligence designed to enhance human intelligence.
🔷VALID - Authenticate online using your self-sovereign eID and start monetizing your anonymized personal data.
2️⃣5️⃣ February
🔷GISC LoanCoin Network - A Credit Platform democratizing P2P B2B & Altcoin Lending.
🔷FundFantasy - FundFantasy is the first provably-fair fantasy gaming platform for finance enthusiasts, powered by blockchain technology.
1️⃣9️⃣ February
🔷HorseCoin (pre-ICO) - Horse Pedigree Blockchained.
🔷Pumped - Pumped provides a decentralized economy for content monetization.
🔷Tawarruq Token - A single platform matching borrowers and lenders across the globe for p2p personal financing.
🔷Taylor - Taylor enables anyone, regardless of trading expertise, to start profiting from the global cryptocurrency market.
🔷Deedcoin (pre-ICO) - Deedcoin uses blockchain technology to tokenize and reduce real estate commissions down to 1% on the purchase or sale of any property.
🔷Hamster Marketplace - Hamster Marketplace is a non-profit decentralised trading platform, aimed at the sale of niche electronics and unique gadgets from novice and local producers without involving middlemen.
🔷AB-CHAIN - AB-CHAIN ADVERTISING NETWORK - Blockchain and AI for enhanced campaigns. tokensale.
🔷Biometrids - Biometrids brings decentralised and anonymous ID to the blockchain by using facial recognition
🔷Ceek - Virtual Reality platform for streamed live events and productions.
🔷GraphGrail Ai - Artificial Intelligence platform for Blockchain.
2️⃣0️⃣ February
🔷PolySwarm - PolySwarm is the first decentralized marketplace where security experts build anti-malware engines that compete to protect you.
🔷BeautiQ - Giving small business a big business reach.
🔷Vice Industry Token - Vice Industry Token is a revolutionary blockchain and cryptocurrency looking to monetize the attention economy and reward all participants, including viewers.
🔷Ice Rock Mining - New ERA of CLOUD MINING by Ice Rock Mining.
🔷Requitix (pre-ICO) - Trusted Token & Confidence System for the eCommerce World.
🔷TriForce Tokens - New Solutions to gaming industry.
2️⃣1️⃣ February
🔷Clinicoin - Clinicoin pays you to be healthy and connects you with people who help keep you that way.
🔷Play2Live - The first blockchain-driven streaming platform for gamers and eSports fans.
🔷CoinMetro - A licensed fintech platform fueling the future of blockchain innovation.
2️⃣2️⃣ February
🔷FLOGmall (pre-ICO) - An international e-commerce site created for users from all over the world, who sell and buy various products and services with tokens.
🔷GIFcoin (pre-ICO) - The GIF in GIFcoin stands for Gambling Investment Fund.
🔷Cappasity (pre-ICO) - Decentralized Ecosystem to Create, Exchange and Embed AR/VR/3D Content.
🔷Tradershub (pre-ICO) - Community-Driven Crypto Trading Platform.
🔷Viewly - Viewly is a decentralized video platform powered by blockchain and peer‐to‐peer video sharing technologies.
🔷TE-FOOD - The world's largest farm-to-table food ecosystem is moving to blockchain.
🔷Pecunio - Decentralized investment platform that focuses on blue-chip blockchain assets.
2️⃣3️⃣ February
🔷Morpheus Network (pre-ICO) - Morpheus Network simplifies and automates the logistics, documentation and compliance necessary for any complex, international shipment for any company or individual using Smart Contracts.
🔷Loyakk Vega - A blue-chip ICO for a patent-pending, blockchain-enabled decentralized business platform, brought to you by a world-class team.
🔷RealCasino - RealCasino is a decentralized, distributed casino gaming platform.
2️⃣4️⃣ February
🔷TV-TWO - The Decentralized Television Ecosystem.
🔷Crypto Angel - CryptoAngel is virtual life guide, a Blockchain based Artificial intelligence designed to enhance human intelligence.
🔷VALID - Authenticate online using your self-sovereign eID and start monetizing your anonymized personal data.
2️⃣5️⃣ February
🔷GISC LoanCoin Network - A Credit Platform democratizing P2P B2B & Altcoin Lending.
🔷FundFantasy - FundFantasy is the first provably-fair fantasy gaming platform for finance enthusiasts, powered by blockchain technology.
Why the price of Waves is going up
Since the beginning of February 2018, Waves has risen more than twice, and on February 18 traded at a price of $ 7.82. From the beginning of 2017, the growth was 3000%. The interest in the Russian platform is not accidental: recently Waves has introduced many positive news stories. Let's consider some of them.
First, the new Waves NG protocol allows processing up to 100 transactions per second. This opens up great opportunities for using the platform for various Blockchain applications. Waves users rated a decentralized wallet, which supports popular cryptocurrencies, as well as dollars and euros.
Finally, the supertask of the platform is to become a closed ecosystem for business, which can be used to create tokens and conduct ICO, promote projects and sell to users. For large projects, the Tokenomika investment site is being developed with legal support and marketing services.
In 2018, Waves will continue to develop the ecosystem. Among the planned innovations are smart-contracts, multi-signature wallets, the possibility of anonymous transactions and the educational platform Blockchain Institute.
Since the beginning of February 2018, Waves has risen more than twice, and on February 18 traded at a price of $ 7.82. From the beginning of 2017, the growth was 3000%. The interest in the Russian platform is not accidental: recently Waves has introduced many positive news stories. Let's consider some of them.
First, the new Waves NG protocol allows processing up to 100 transactions per second. This opens up great opportunities for using the platform for various Blockchain applications. Waves users rated a decentralized wallet, which supports popular cryptocurrencies, as well as dollars and euros.
Finally, the supertask of the platform is to become a closed ecosystem for business, which can be used to create tokens and conduct ICO, promote projects and sell to users. For large projects, the Tokenomika investment site is being developed with legal support and marketing services.
In 2018, Waves will continue to develop the ecosystem. Among the planned innovations are smart-contracts, multi-signature wallets, the possibility of anonymous transactions and the educational platform Blockchain Institute.
How Litecoin Cash fork is going on
In the evening of February 18, on the block 1361111 hardfork of Litecoin Cash happened. All LTC holders were promised LCC coins in the ratio 1 LTC = 10 LCC.
The new cryptocurrency works on the Bitcoin SHA-256 hashing algorithm instead of the Scrypt from Litecoin. It will attract owners of obsolete equipment for bitcoin mining. At the same time, developers promise faster transactions than Bitcoin and Bitcoin Cash.
Litecoin Cash is now developing its own QT wallets. Now a new coin is supported by at least one purse - Coinomi.
The project site also reports that the new coin will be traded on crypto-exchangers Yobit, MercatoX, TradeSatoshi, MeanXTrade and CryptoBridge.
At the time of writing this post LCC on the Yobit exchange is worth 0.00031000 BTC, or $ 3.40. The price since the beginning of trading has more than doubled.
Litecoin founder Charlie Lee said that he has nothing to do with the project, and advised not to invest in it.
In the evening of February 18, on the block 1361111 hardfork of Litecoin Cash happened. All LTC holders were promised LCC coins in the ratio 1 LTC = 10 LCC.
The new cryptocurrency works on the Bitcoin SHA-256 hashing algorithm instead of the Scrypt from Litecoin. It will attract owners of obsolete equipment for bitcoin mining. At the same time, developers promise faster transactions than Bitcoin and Bitcoin Cash.
Litecoin Cash is now developing its own QT wallets. Now a new coin is supported by at least one purse - Coinomi.
The project site also reports that the new coin will be traded on crypto-exchangers Yobit, MercatoX, TradeSatoshi, MeanXTrade and CryptoBridge.
At the time of writing this post LCC on the Yobit exchange is worth 0.00031000 BTC, or $ 3.40. The price since the beginning of trading has more than doubled.
Litecoin founder Charlie Lee said that he has nothing to do with the project, and advised not to invest in it.
South Korean exchangers earned $ 648 million in 2017
The most popular South Korean crypto-exchanger Upbit (52.9% of the local market) in 2017 earned 194.3 billion won ($ 182 million) on commissions. Commission fees in second place Bithumb are estimated at 317.7 billion won ($ 297 million), local media say.
At Korbit and Coinone, this figure is 67 billion won ($ 62 million) and 78.1 billion won ($ 73 million), respectively.
In total, South Korean exchangers were able to earn 800 billion won ($ 648 million) in 2017, increasing this figure 85 times as compared to 2016.
Despite the fact that Upbit showed the second result for the year, it is still the leader, considering that it started work only in September 2017. Since that moment, the number of transactions in South Korea has doubled.
The most popular South Korean crypto-exchanger Upbit (52.9% of the local market) in 2017 earned 194.3 billion won ($ 182 million) on commissions. Commission fees in second place Bithumb are estimated at 317.7 billion won ($ 297 million), local media say.
At Korbit and Coinone, this figure is 67 billion won ($ 62 million) and 78.1 billion won ($ 73 million), respectively.
In total, South Korean exchangers were able to earn 800 billion won ($ 648 million) in 2017, increasing this figure 85 times as compared to 2016.
Despite the fact that Upbit showed the second result for the year, it is still the leader, considering that it started work only in September 2017. Since that moment, the number of transactions in South Korea has doubled.