South Korean Bithumb to Launch Its Own Token

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The Bithumb Coin will be issued following the Initial Coin Offering (ICO), which is scheduled to start in May this year in Singapore, as ICOs are banned in South Korea from September 2017. The ICO will be focusing on large-scale investors rather than individual investors. Bithumb is not the first exchange to have its own token, Chinese Huobi also announced their plans to issue Huobi Token (HT) that would be capped at 500 mln token. The only difference is that HT will not be an ICO, only active users of the trading platform would be able to receive the token.

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