ULAANBAATAR, Mongolia–(BUSINESS WIRE)–June 10, 2022–
Munkhjin Otgonbaatar, co-founder and COO of Ih Bit Global, revealed that IHC will be listed on KuCoin on June 10 during a live event.
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The news was unveiled at a massive public event held at Mongolia’s national amusement park in the heart of its capital, Ulaanbaatar. The event is the second in a series of events planned by Ih Bit Global to showcase the progress of their project to IHC investors and users.
By listing on KuCoin, IHC continues to expand its availability to potential investors and maintains the momentum of the project. It also offers crypto traders and IHC users a new premium trading venue.
“We are excited to witness the rapid growth of blockchain and crypto technology in Mongolia,” KuCoin Marketing and PR Manager Mr. Jing Cheung said in a video message at the event. “And we are also excited to announce that, through our collaboration with IHC, the IHC token will be listed on KuCoin on June 10 this year.”
IHC is a cross-chain cryptocurrency, operating on both the Ethereum and Binance Smart Chain networks. One of the most revolutionary features of IHC is its blockchain adaptation protocol, which allows it to switch to new blockchains as needed. The blockchain adaptation protocol allows IHC to easily switch from Binance to Ethereum 2.0, Cardano or any other blockchain to provide diversification.
Launched in August 2021, IHC raised $10 million in just 30 seconds in its IEO. The project aims to provide investors with an alternative payment instrument that they can hedge against inflation with its key features including but not limited to blockchain adaptability protocol, deflationary initiatives, decentralization and the unique burning protocol. IHC burns itself out of its total market capitalization each year at the rate of US inflation to conserve its store of value – and will continue to do so until its total market capitalization becomes equal to the number of IHC tokens in holders’ wallets. tokens.
About Ih Bit Global
Ih Bit Global was established in 2021 and over its short history, the group has become a significant player in the crypto industry in Asia by diversifying into different areas including IHC – a cross-chain cryptocurrency, X- meta – a crypto exchange powered by Binance Cloud, IHC Esports – a top professional esports team, and IHC Apes – a professional basketball team that plays in the Mongolian Premier League.
Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 600 digital assets. It currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its 18 million users in 207 countries and regions around the world. In 2022, KuCoin secured a $150 million pre-Series B funding round, bringing its valuation to $10 billion. The recent influx of capital will allow KuCoin to go beyond centralized trading services and expand its presence in Web 3.0, including crypto wallets, GameFi, DeFi and NFT platforms via investment arms like KuCoin Labs and KuCoin Ventures. KCC, the public chain built by KuCoin community members, will also be an important infrastructure where resources will be deployed to create a decentralized ecosystem. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Additionally, Forbes named KuCoin as one of the best crypto exchanges for 2021. In 2022, The Ascent named KuCoin the best crypto exchanges and apps for enthusiasts.
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CONTACT: Emma Enkh
Public Relations Director
KEYWORD: MONGOLIA ASIA PACIFIC
INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES OTHER TECHNOLOGIES FINANCE
Copyright BusinessWire 2022.
PUBLISHED: 06/10/2022 09:47 AM/DISC: 06/10/2022 09:47 AM
Copyright BusinessWire 2022.