Korea’s largest cryptocurrency exchange Bithumb launched a beta version of the public platform PickThumb, which will allow users to vote for new coins, claiming the listing.
According to Bithumb, the launch platform is designed to increase transparency and fairness of the listing process on the exchange. Currently the evaluation are five draft – Rom, Amo Blockchain, Ttcprotocol, Olivecoinole and Contentos. The voting will be completed in 9 days.
To take part in voting any registered user can Bithumb.
Each round of voting will last two weeks. At this point, the platform joined 41 778 users left in total 94 983 votes.
In each round, users can vote for and against the projects. Coins that get the most negative votes, can be denied listing. At the end of the round Bithumb will conduct an internal review of the winning project. Members who voted for this project, will receive his coins through the airdrop.
For violations of the sanctions. To exclude manipulation, Pickthumb around the clock to monitor the voting process. The project is found to be in violation of the rules, will be immediately excluded from the ballot.
In addition, attempts to manipulate votes can lead to blocking of user accounts. Such actions of the exchange will include the purchase and sale of votes and encouraging others to vote for a particular project.
Recall that in November Bithumb surpassed the trading volume of the popular crypto currency exchange Binance, Mar based in Malta. This is evidenced by an analytical report portal CryptoCompare.