The price of Tezos (XTZ), a blockchain platform that boasts a number of next-generation features, has jumped 12% over the last 24 hours after listing on the popular South Korean cryptocurrency exchange Coinone.
— Tezos Korea (@Tezos_Korea) August 20, 2018
Prior to the Coinone listing, XTZ was only available on HitBTC and gate.io, which totaled around $6 million in daily trading volume. The new listing further opens up the popular cryptocurrency to investors from the Asian market, which have been the predominant drivers of altcoin trading.
Tezos differentiates itself from many other blockchain platforms as it has the ability to essentially self-evolve by upgrading itself over time without having to hardfork and cause a divide in the community. While the platform is similar to Ethereum and NEO in its ability to support smart contracts and decentralized applications (DApps), Tezos takes the technology a step further through the implementation of formal verification to prove the validity of smart contracts. The Tezos betanet was launched in July 2018 after closing a $232 million ICO.
Notably, the Chinese government’s China Electronic Information Industry Development (CCID) department recently added Tezos to its monthly blockchain ranking index, which currently has the project placed 27th overall.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.