TOP Network has announced it will list its native token TOP on Bithumb Global, the global cryptocurrency exchange under Bithumb, one of the largest cryptocurrency exchanges in South Korea. Bithumb Global users will have access to deposit and withdraw TOP beginning at 3 pm (GMT+8) on July 18 and freely trade TOP against USDT at 3 pm (GMT+8) on July 19.
As one of the four cryptocurrency exchanges in South Korea allowing fiat-to-crypto trading, Bithumb has gained more than 2.5 million users and makes up approximately 75.5% of the Bitcoin trading volume in South Korea, and 10% in the global market, according to the data on Best Bitcoin Exchange. Bithumb is also the largest market for Ethereum, accounting for about 44% of the Ethereum trading volume worldwide. According to a benchmark ranking of over 100 cryptocurrency exchanges across the globe provided by CryptoCompare, Bithumb ranks among the top 10 in terms of a sum of various factors including legal, team, data provision, trading, and more.
The partnership between TOP and Bithumb will benefit both parties. While the new listing will significantly increase the liquidity of TOP and pave the way for TOP to break into the South Korea market, the launch of TOP will bring in a significant number of traders and massive overseas traffic to Bithumb, which recently unveiled abundant global cryptocurrency exchange services to bolster its borderless market.
“As TOP has been a household name in China and the U.S. after the launch on Huobi Prime, we’ve been seeking more opportunities and partnerships on a global scale. South Korea is one of the hotbeds for cryptocurrency. We believe the new listing will open up the local market in South Korea and reinforce our confidence to achieve the decentralized ambition,” said Steve Wei, founder and CEO of TOP Network.
On March 26th, TOP Network made its debut as the first project launched through Huobi Prime — Huobi’s selective Direct Premium Offering platform. A total of 1.5 billion TOP tokens were sold out in seconds, after which the price of TOP surged 2770% once it was freely tradable. Upon the listing, TOP’s trading volume hit $100 million in just eight seconds, and surpassed the trading volume of Bitcoin at $250 million in less than a week, ranking first in terms of volume on Huobi Global. On June 6, TOP went live on Coinsuper, the largest Hong Kong-based cryptocurrency exchange with over 1.5 million users and average daily trading volume hitting over $100 million.
TOP team is finalizing the last details of its main net before the official launch, the most notable milestone that will mark a big stride towards the high-performance public blockchain platform TOP aims to build for real-world business of any size or volume. To achieve a more decentralized, all-inclusive community, TOP has been developing communities around the globe in regions such as China, the U.S., Europe, Vietnam, Russia and more, and has been actively seeking for global ambassadors to help spread the word worldwide.
On July 11, TOP submitted a proposal to get listed on Binance DEX, the world’s fastest decentralized exchange. Teaming up with the leading cryptocurrency exchanges including Huobi, Coinsuper, Bithumb and Binance, TOP is well poised to reach a permissionless, diversified decentralized ecosystem that incorporates token holders, developers, miners and more than 60 million Dapp users.
About TOP Network
TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more.
TOP Network is also a high-performance public blockchain platform designed to handle real-world business of any size or volume. Powered by innovations including three-layer network, two-layer sharding, two-layer lattice DAG and PBFT-PoS*, TOP can process several hundred thousand transactions per second on the blockchain.
The long-term mission of TOP Network is to build a public blockchain infrastructure for all Dapps. Our world-class team of over 100 developers is striving for this goal.
TOP Network originated from the common underlying network layer of Dingtone, CoverMe and SkyVPN, three communication apps built by the TOP team before the blockchain project. These apps, having attracted over 60 million users in total, will be ported to TOP Network upon the launch of TOP and generate huge volumes of transactions in the TOP ecosystem.
TOP Network was founded by serial entrepreneur Steve Wei and his colleagues in late 2017. Steve was one of the earliest employees of WebEx in the 1990s. After WebEx, he founded a successful video conferencing software company which was acquired by Huawei in 2010. In 2012, Steve co-founded Dingtone, a public listed company operating popular communication apps such as Dingtone, CoverMe and SkyVPN.
TOP Network has closed $15 million early investments from prestigious institutional investors and individual billionaire investors, including DHVC, Fenbushi Capital, NEO Global Capital (NGC), Ontology Global Capital (OGC), LD Capital and more.