Circle is committed to making Poloniex the premiere destination for crypto asset trading. We will never charge for listing; instead, we want to emphasize the merit of individual projects and strong relationships with project developers. Our framework reviews projects across five broad categories — fundamentals, technology, people, business model, and market dynamics. One of the types of projects that we aim to identify with this methodology are blockchain platforms that support new decentralized application ecosystems. With this in mind, we are pleased to welcome the Qtum blockchain (QTUM) to the Poloniex family.
QTUM deposits and withdrawals are currently live. Trading in QTUM/USDT, QTUM/BTC, and QTUM/ETH pairs will be enabled on September 7th, 2018 at 16:00 UTC.
The Qtum (pronounced Quantum) blockchain is a public smart contract platform that combines aspects of both Bitcoin and Ethereum. The Qtum team chose Bitcoin (and its UTXO model of record-keeping) as the base of the protocol because of Bitcoin’s proven track record of security and stability. On top of this base, Qtum integrates the Ethereum Virtual Machine (EVM) (and potentially other VMs in the future) in order to support a diverse decentralized application ecosystem.
QTUM is the native token of the Qtum blockchain, and acts as both gas for Qtum smart contracts and as a reward for securing the network through staking. You can read more about Qtum here.
Thank you for your ongoing support as we grow the Poloniex family of assets. If you would like to be kept up to date on our weekly asset updates, please follow the Circle Blog on Medium and @Poloniex on Twitter.
The Poloniex Team
Risk disclosure: The value of crypto assets can be extremely volatile and unpredictable. Please use caution and be sure to review the Risk Disclosures in our Terms of Service (https://poloniex.com/terms/) before making any decisions to trade on Poloniex.
Originally published at blog.circle.com on September 6, 2018.