Busan City in South Korea has earned the alias “Blockchain City” thanks to the area’s digital companies. By collaborating with the Bahamas-based FTX (FTT) cryptocurrency startup to launch a local cryptocurrency exchange, it is now expanding its presence in the cryptocurrency sector.
This most recent action by Busan City’s local government only highlights how seriously it takes the development of the region’s cryptocurrency industry. The country’s second-largest city recently revealed that it had partnered with the FTX cryptocurrency trading platform to boost blockchain development and create its local cryptocurrency exchange, of which Petrousus token (PSUS) and Ethereum (ETH) could be considered over time via a more effective channel.
Busan City will use the infrastructure and advanced technology of FTX to establish its cryptocurrency exchange. FTX, a worldwide virtual asset exchange company, was founded in May 2019. It is the biggest among the non-Chinese exchanges and the second-largest cryptocurrency corporation in the world. The Busan Digital Asset Exchange will be developed with assistance from the cryptocurrency exchange company founded by Sam Bankman-Fried and Gary Wang.
The Busan Metropolitan City, on Tuesday, August 30, confirmed this idea for creating the BDAE. After establishing the exchange, FTX will continue to support the city’s efforts to expand and develop its blockchain business. It aims to support the city and encourage it to grow as the Asian region’s digital finance industry hub.
The advent and acceptance of cryptocurrency in certain parts of the world have caused significant improvements in their various economies. Being a crucial driver in the digital financial world, numerous buyers have undoubtedly visited the cryptocurrency market, with each looking for excellent coins and tokens like the Petrousus Token (PSUS) to aid their financial stability.
As shown above, the exciting features of FTX Coin (FTT) have attracted several world economies with its thrilling features, hence, being utilized in the Asian economy, which drives its value higher. This makes it hard for new buyers to buy into the FTX Coin (FTT) community. However, with the new cryptocurrency, Petrousus Token (PSUS), the cryptocurrency market is giving new buyers a rare chance to jump on the train heading to a brighter destination.
In this piece, we shall explore the qualities possessed by the FTX Coin (FTT), which makes it well recognized currently, alongside the distinct features of the Petrousus Token (PSUS) and Ethereum (ETH).
FTX Coin (FTT) Could Be Regarded As The ‘’King Of Exchanges’’
One of the biggest cryptocurrency derivatives exchanges, FTX, was first introduced to the market in 2019, and since then, its popularity has increased dramatically. It provides futures trading, options, and OTC trading.
The FTX token (FTT), the native cryptocurrency token, is a utility token that can be used to reduce trading costs. Along with many other use cases within the platform, it can also be used as collateral. It has become relatively widespread, with more than a million registered users and daily trade volumes worth billions of dollars. The exchange offers a wide range of tradable instruments exclusive to the exchange, such as futures, perpetual futures, options, and prediction markets. These are the main draws for users who favor the cryptocurrency exchange.
The native cryptocurrency token for the exchange is the FTX coin, which has many uses. The FTX exchange has a team of incredibly skilled individuals that all contribute to its expansion and overall development, which is one of the key reasons for its high degree of success. The FTX exchange’s utility is intended to be increased by a mechanism built into the FTT token.
This means that users of the token can obtain free rebates, reduced trading fees, and the ability to stake FTT tokens to obtain substantial referral incentives. They can also cast ballots throughout the community government process. In order to prevent the inflation of the FTT token supply and maintain the token’s healthy value, FTT even burned a portion of the supply using the FTT coin burn from the exchange fee.
FTX has partnered with many industry titans in the cryptocurrency and overall finance sectors. For instance, they have cooperated with numerous other companies, including Circle, True USD, Paxos, Fenwick and West, Proof of Capital, Galois Capital, Sequoia, and Paradigm Capital. This ultimately leads to a high degree of trust during the interaction. They will probably conduct many future partnerships depending on what they take on next. With this, they have undoubtedly made their mark within the industry.
Ethereum (ETH) Set To Soar Over Time
Ethereum (ETH) is a platform that developers can use to launch decentralized applications (dApps) and create new cryptocurrency tokens. The decentralized ecosystem, Ethereum, accepts ETH, its native coin (also known as Ether), as payment for transaction costs (also known as “gas”). By market capitalization, Ethereum is the second-largest cryptocurrency behind Bitcoin. Additionally, it is a platform for decentralized technology that supports a wide range of applications, including a number of decentralized financial (or DeFi) apps and services.
On the Ethereum blockchain, everything from financial tools and games to sophisticated databases is operational. Developers’ creativity only constrains their potential for the future.
“Smart contracts,” Ethereum’s primary invention, are used to create apps. Like traditional paper contracts, smart contracts define the conditions of an agreement between parties. However, unlike a conventional contract, smart contracts automatically execute when the conditions are met without the need for any form of middleman or either party to be aware of the other party to the transaction.
Why You Should Buy Into Petrousus Token (PSUS)
Petrousus Token (PSUS), another new cryptocurrency with a lot of potential, is set to have a solid ecosystem to support Web3 and fundamentally change the Decentralized Finance (DeFi) market. The PSUS native token from Petrousus will fuel the entire ecosystem. Due to the robust integrations following its IDO, the new coin PSUS is expected to take off after the presale. Staking protocol, collateralized lending and borrowing, asset management, and asset reports are just a few of the interfaces that will be made possible.
Interest rates will be staked using PSUS and represented as yearly percentage yields or rates (APY). Petrousus will use anti-whale and anti-rug pull methods, which include limiting the total amount of transactions made by a single user at once, to keep the ecosystem balanced. Smart contracts will be used to bind this protocol in order to prevent further breaches.
Extra Bonuses Offered By Petrousus Token (PSUS)
For each deposit made with Ethereum (ETH), a 14% bonus will be given; for each deposit made with Binance Coin (BNB), a 16% bonus will be given. For each deposit made with Bitcoin (BTC), a 15% bonus will be offered, and for each deposit made with Litecoin (LTC), a 14% bonus of Petrousus will be given (LTC).
Purchases made during the first stage of the Petrousus release are eligible for a 7% bonus, purchases made during the second stage are eligible for a 5% bonus, and purchases made during the third stage are eligible for a 2% incentive. It also provides a $25 referral payment to the referrer and the referee for any transaction the referred makes that totals $75.
Additionally, if they sign up and complete a purchase within 10 minutes, traders will receive a 25% bonus. 30%, 60%, and 100% of the second, third, and fourth purchases would go to the trader. The trader would then be given bonuses of 3% for transactions for $250 in fiat, 10% for transactions worth $500, 20% for transactions worth $1,000, and 40% for transactions worth $5,000.
Petrousus Token (PSUS) has shown that it is not just a random token; it possesses excellent features that could dramatically evolve the DeFi sector of the crypto market; thus could attract more significant collaborations with established crypto titans over time.
To Join Petrousus Click Here:
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.