[Notice] BTC Open Round 3 Start!
Fellow Bithumb Users,
This is No.1 Digital Asset Platform, Bithumb.
Bithumb seeks to create a more liquid and robust trading environment by launching Round 3 of the ‘BTC Open’ for our loyal Customers.
During each Round of the “BTC Open”, our Customers will be able to monitor the results of the real-time, data-driven ranking and point system which will track the price movement, trade volume, trader involvement, supply amount and integrity of the BTC market listed digital assets. If no reason for disqualification is found, the winning digital asset from each Round will be added to the KRW market within 3 months of the end of each respective Round.
By converting the large amount of real-time trading data into an easily viewable tabulated result, as well as continued monitoring and scrutiny of the trading data through ‘BTC Open’, Bithumb seeks to foster a deeper sense of trust from our Customers, and create a healthier and more transparent trading environment.
※ ‘BTC Open’ page is only viewable on PC.
Thank you.
[Service Details]
1. Eligibility: Digital assets listed solely on Bithumb’s BTC market (not listed on Bithumb’s KRW market)
※ Digital assets which received the highest score in previous Rounds, or categorized under “Investment Warning” will be excluded
- Cola Token(COLA)
- Blocery(BLY)
- MAP Protocol(MAP)
- MileVerse(MVC)
- Dvision Network(DVI)
- REN(REN)
- iExec RLC(RLC)
- Ultra(UOS)
- Numeraire(NU)
- Balancer(BAL)
- Numeraire(NMR)
- Alpha Quark Token(AQT)
- Standard Tokenization Protocol(STPT)
2. Time period: 11:00 AM, Mar. 12th to 11:59 PM, Mar. 15th (4 days)
3. Assessment: The following criteria will be monitored closely to calculate the points/ranking
Liquidity : Net deposit amount
Trading Activity : Trade volume
Investment Appeal : Real time price movement
Trader Activity : Number of traders
Digital Asset Integrity : Compliance with evaluation criteria and soundness
※ Point weighting for each category may be adjusted each Round.
4. Final Result Notification: On the following day after the close of each Round, the final results will be announced on Bithumb’s website
5. Note
- The winning digital assets from each Round will undergo a final, subsequent assessment. If no reason for disqualification is found, the winning digital assets will be listed on the KRW market within 3 months of the end of the particular round.
- The addition date to the KRW market is dependent on the creation of a stable trading environment.
- The tabulated points derived from internal guidelines are strictly limited to the specific time period and predefined categories, and is not meant to convey the integrity nor the investment appeal of the displayed digital assets.
- Fraudulent activity and market manipulation will be monitored and participants will be penalized.
- Market price fluctuation and associated risks are present during each Round. Customers are advised to fully assess the risk and understand they are fully responsible for any realized losses.
- Fraudulent activity and market manipulation will be monitored and participants will be penalized.
- Digital assets categorized under “Investment Warning” will be excluded from each Round.
- Digital assets with the highest scores from previous Rounds will be excluded from all future Rounds.
- Digital assets added during the week a new round begins will be eligible to participate in the subsequent round.
- Disqualification during a Round
Digital assets will be disqualified from each Round for the following reasons:.
① Digital asset begins trading on the KRW market
* KRW market addition is dependent on the results from the BTC Open, in addition to a separate assessment by an independent listing committee
② Objective scoring is difficult due to an event or external factor(s)
③ Fraudulent activity or reason for disqualification is evidently clear
④ Digital asset is categorized under “Investment Warning” during the round
