Bithumb, one of the leading crypto currency exchanges of South Korea, added Redstone (Red) and Nilion (NIL) Altcoin projects to its platform according to official sources. This development caused a significant increase in the trade volume of both token. Here are the details…
South Korea -based Bithumb has announced the lists of Altcoin
According to market data, Redstone (Red) token has increased by more than 10 %with a short -term increase with the starting to list the Bithumb exchange and continues to be traded at $ 0.68. Likewise, the Nilion (NIL) Token experienced a similar 10 %increase and traded at $ 0.744. This increase shows that both Token appeals to a wider audience in the market and the list of the stock market. In addition, it is worth noting that both Coins were introduced as a launcpool project in Binance.
What is the roins of coins in the ecosystem?
As Blockchain Oracle Provider, Redstone aims to provide Efficient, impossible to replace and Cross-Chain data streams in order to support defi protocols. Modular architecture allows rapid integration with different blockchain networks, while offering a flexible structure to adapt to rapidly developing blockchain technologies. Redstone’s purpose of optimizing data transmission provides safety and reliability for defi applications, but also aims to increase productivity.
Red Token is the local assistant token, which plays a central role in the Redstone ecosystem. This token performs important functions such as stak and payment. In the Oracle network, data providers must stake their Red Tokens to ensure the accuracy and reliability of the data they offer. In addition, each token owner Red Token’s Redstone Avs on Eigenlayer can stake on the Eigenlayer, thus contributing to the security of the network. Initially, Red Token will also be supported by Partner Avs as Liquid Restaked Token, which will expand the Token’s usage area.
Nilion, on the other hand, draws attention with its Blind Computer concept with a special calculation and storage network for AI and data. This network makes it possible to calculate and storage on data using PETs (technologies that increase privacy). It also makes use scenarios such as personalized special AI, encrypted databases and applications that maintain privacy by maintaining the privacy of data. Nilion takes an important step in data safety and privacy and offers solutions for various applications.
