SEOUL, South Korea, PRNewswire/ — YGGDRASH (http://yggdrash.io, CEO: Dong-wook Seo), a South Korean blockchain project which is developing a 3rd generation blockchain, announced that its token, the YEED, will participate in a listing vote held by one of the world’s top five exchanges “EthFinex” and its subsidiary “BitFinex,” for the first time as a Korean project.
As crypto exchange listings become more competitive due to the increasing demand from ICO companies, the complex and opaque listing procedures are creating serious market distortions. Bitfinex and Ethfinex are gaining popularity as they are selecting the most promising listed companies through a transparent voting process by the community, without incurring any cost to listing companies.
14 promising tokens, including YGGDRASH and SONM that have successfully completed ICOs, are candidates in the most recent voting round. Only the top three companies can be traded through BitFinex and EthFinex after a two-week long listing vote.
EthFinex is a subsidiary of BitFinex, which serves as an exchange for the Ethereum community. It aims to crowd-source by allowing the exchange, learning and discussion of information to happen between developers, traders and cryptocurrency users on top of a decentralized ecosystem.
Participants must have an EVT token that can be purchased with US dollars to participate in the voting. Also, an Ethereum wallet needs to be connected to the Nectar Community (https://nectar.community/#/listings) to join the voting process.
“It is my honor to be nominated as a candidate in BitFinex and EtherFinex listing vote, both of which have a transparent listing process,” and “YGGDRASH is the first Korean project to join the listing vote, because we wish to grow further with the support of the global Ethereum community,” said Dong-wook Seo, CEO of YGGDRASH.