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Bithumb Lists Digital Ecosystem Gleec’s Native Token

02/11/2021

Main cryptocurrency trade Bithumb has introduced the itemizing of GLEEC. The eponymous asset of digital asset platform Gleec, the token gives an array of use circumstances inside the crypto portal’s rising ecosystem. Its addition to Bithumb will present higher liquidity and allow customers in new markets to discover what the Gleec platform has to supply.

Bithumb has earned a repute for supporting small and mid-cap cryptocurrency initiatives by way of including their native tokens to its digital asset trade. GLEEC will be a part of a bunch of different rising cryptocurrencies on the worldwide trade’s orderbooks. Bithumb started accepting GLEEC deposits on February 10, earlier than its GLEEC/USDT market opens on February 12 at 18:00 (UTC+8).

A Small-Cap Mission With a Massive Future

The overall circulating provide of GLEEC mirrors that of bitcoin – 21 million – and with a value of round $1.33 per token at press time, that locations Gleec within the small-cap bracket. Based by an Estonian workforce, Gleec gives a spread of cryptocurrency providers for customers in search of to manage their very own funds and entry instruments for saving and transacting P2P. Merchandise embrace Gleec BTC, a desktop and cellular software for getting and promoting cryptocurrencies.

Then there’s Gleec ATM, a franchised service for putting bitcoin ATMS – or BATMs as they’re recognized – in shops and companies. Complementing these providers are merchandise equivalent to Gleec Chat, which gives personal messaging, and Gleec Lab, a analysis arm dedicated to innovation and figuring out “moonshots.”

The Gleec workforce believes that blockchain expertise will finally underpin every thing, from commerce to cash, insurance coverage, financial savings, and telecommunications. It goals to place itself because the hub round which this blockchain-powered infrastructure revolves. By having a finger in lots of pies, all of them tangentially related by distributed ledger expertise, Gleec hopes to seize a slice of this profitable market whereas enabling retail customers to seize the upside of all issues crypto.

Bithumb World Retains on Trucking

The cryptocurrency trade market is fiercely aggressive, however Bithumb has managed to carve out a slice of the motion and stay related by way of a lot of daring methods. By itemizing the lengthy tail of cryptocurrency tokens, together with belongings equivalent to GLEEC, it’s in a position to onboard customers from the small communities who make up the cryptocurrency ecosystem. In the meantime, its mainstream merchandise, together with bull/bear tokens, attraction to extra skilled and risk-on merchants, who chase outsize returns.

BTC and ETH are Bithumb’s dominant markets by buying and selling quantity, as anticipated, however it’s additionally a preferred venue for swapping XRP, BSV, and XMR. Whereas some exchanges, equivalent to Bittrex, have shied away from privateness cash, going as far as to delist Monero, Bithumb has had no such qualms. This staunch conviction, and refusal to be cowed – aided, admittedly, by being located past the crosshairs of US regulators – has earned the trade a loyal person base, who can commerce within the confidence that belongings aren’t going to be delisted in a single day. Gleec will likely be hoping that the GLEEC token will change into a everlasting fixture on Bithumb, paving the way in which for additional tier-one trade listings.