Bithumb Announced IPX Staking Service Today!

Tachyon
Tachyon Protocol
Published in
3 min readJun 5, 2020

Following the successful launch of ipxus.com, we are so thrilled to announce that the top crypto exchange Bithumb will offer Tachyon(IPX) staking service on its platform at 11:00 AM on 8th June . IPX is the 3rd staking cryptocurrency Bithumb supports after IOST and Luna.

Check the official announcement from Bithumb:

Bithumb is regularly featured in lists of the world’s 10 largest crypto exchanges and is one of the top 3 digital asset trading platforms in Korea. The staking service on Bithumb is released in April which aims to reward Bithumb users for holding the specific digital assets. After IOST and Luna staking, Bithumb has been experienced in staking running which will greatly help IPX boom.

IPX was listed on Bithumb in October, 2019 and has received a strong welcome by Korean market. Over 40% of IPX transactions are from Bithumb. This cooperation will expand the popularity and influence of IPX in Korean market and encourage more IPX holders to join the development of Tachyon Network. The support from Bithumb will bring more confidence to Korean market and add more advantages to IPX.

Our partnership with Bithumb will be continued in technology development, ecosystem construction, digital assets management, etc.

Participants can choose to join IPX staking on Bithumb or ipxus.com according to the needs. We will introduce more Platform Partners in the future.

Bithumb also launched an event to celebrate the release of IPX Staking service, the details are as follows:

1. 50% additional annual rewards in the first week

■ Event Period (Snapshot):

2020.06.09 (Tue) 00:00 ~ 2020.06.15 (Mon) 00:00 (KST)

■ Event Target:

  • Bithumb members who consent to the staking service
  • Holds the minimum quantity of IPX for staking

■ Event Details:

  • Maintain daily balance of IPX more than 500, additional 50% of annual rewards will be guaranteed

■ Payment Date: 2020.06.22

2.The more and longer staking and get max 60% additional rewards

1st Round

■ Event Period (Snapshot):

2020.06.19 (Fri) 00:00 ~ 2020.07.09 (Thu) 00:00 (KST)

■ Event Target:

  • Bithumb members who consent to the staking service
  • Holds the minimum quantity of IPX for staking

■ Event Details:

  • Maintain daily balance of IPX more than 10,000 in event period, additional 20% in max of annual rewards will be distributed

Payment Date: 2020.07.17

2nd Round

■ Event Period (Snapshot):

2020.07.10 (Fri) 00:00 ~ 2020.07.30 (Thu) 00:00 (KST)

■ Event Target:

  • Bithumb members who consent to the staking service
  • Holds the minimum quantity of IPX for staking

■ Event Details:

  • Maintain daily balance of IPX more than 20,000 in event period, additional 30% in max of annual rewards will be distributed

Payment Date: 2020.08.07

3rd Round

■ Event Period (Snapshot):

2020.07.31 (Fri) 00:00 ~ 2020.08.20 (Thu) 00:00 (KST)

■ Event Target:

  • Bithumb members who consent to the staking service
  • Holds the minimum quantity of IPX for staking

■ Event Details:

  • Maintain daily balance of IPX more than 50,000 in event period, additional 60% in max of annual rewards will be distributed

Payment Date: 2020.08.28

Learn more details here: https://cafe.bithumb.com/view/board-contents/1640867

Stay Connected:

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Tachyon
Tachyon Protocol

A Decentralized Internet Protocol Stack Based On Blockchain. https://tachyon.eco