Technology

aelf Bolsters South Korean Presence With Bithumb Listing

Today, aelf, the next-generation cloud computing blockchain network, has announced that its token ELF is now tradeable on Bithumb, South Korea’s second largest cryptocurrency exchange.
The listing aligns with aelf’s long-term strategy to better support South Korea’s booming cryptocurrency market and blockchain community, argue aelf bulls.

See the press release below

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The listing aligns with aelf’s long-term strategy to better support South Korea’s booming cryptocurrency market and blockchain community.


ELF Tokens listed on one of Korea’s largest cryptocurrency exchanges

Singapore – April 16, 2018 – aelf, the next-generation cloud computing blockchain network, has announced that its token ELF has become one of the first Singaporean tokens to be tradeable on Bithumb, South Korea’s second largest cryptocurrency exchange. The listing aligns with aelf’s long-term strategy to better support South Korea’s booming cryptocurrency market and blockchain community.

aelf Co-founder Zhuling Chen said: “South Korea is a crypto trading powerhouse, backed by a rapidly-growing mainstream community of digital asset owners. aelf’s new strategic alignment with Bithumb is highly significant for our community; not only is Bithumb the seventh largest cryptocurrency exchange by global trading volume, meaning users now have greater access to ELF and its ecosystem, it’s also at the forefront of bringing cryptocurrency to real world, commercial applications — one of aelf’s primary values. As aelf builds its blockchain-based ‘Central Business District’ that will enable businesses of all sizes to integrate blockchain into their operations, we look forward to working alongside such a prominent exchange renowned for bringing crypto to the masses in South Korea.”

The listing comes as Bithumb focuses its efforts on real-world applications of cryptocurrencies. In Q1, Bithumb partnered with Korea Pay, the country’s largest digital payments service provider, to facilitate the acceptance of cryptocurrencies by 8,000 merchants by the end of this year. The company has also partnered with WeMakePrice, South Korea’s leading eCommerce operator, and South Korean hotel booking platform Yeogi Eottae, to integrate cryptocurrency payments. By bringing cryptocurrency payments to these daily-transaction platforms, Bithumb is helping to create a more favorable perception of cryptocurrency in the country.

The ELF token listing on Bithumb is the latest move to support aelf’s strategic entrance into the South Korean market. The listing follows the recent announcements of aelf’s high-profile partnership with the country’s largest digital asset fund, Hashed, and another token listing on GOPAX, one of South Korea’s fastest and most reliable cryptocurrency exchanges.

aelf Co-founder Zhuling Chen said: “Bithumb’s continued efforts to bring their cutting-edge platform to the masses aligns perfectly with our vision not only for the future of blockchain in commercial applications, but for the industry as a whole. We very much look forward to active and continued collaboration with the team at Bithumb and are incredibly eager to see what the future holds for such an important region.”

For more information on the aelf platform, visit aelf.io.

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aelf Co-founder Zhuling Chen is available to interview

About aelf:

aelf is a multi-chain parallel computing blockchain framework which incorporates state-of-the-art IT design principles and technologies to bring it up to a commercial standard. aelf is envisioned as the "Linux eco-system for blockchain”, defining the most basic, essential, and time-consuming components of the system and making significant improvements based on existing blockchains in the market. The system will allow developers to customize it to meet their own needs, particularly commercial requirements for large and diverse industries.

For more information, visit: aelf.io.