Glosfer made an announcement that its cryptocurrency called ‘HYCON’ has advanced to the second round of a cryptocurrency exchange called OKex.
OKex is the second biggest exchange in the world based on CoinMarketCap’s standards. Its amount of turnover reaches tens of billions of dollars. Glosfer is the only South Korean exchange to advance to the second round.
Voting process of the second round will last from Wednesday until Friday of next week. Members of OKex and crypto funds that are recognized by OKex will vote for candidates. Through this voting process, about 15 cryptocurrencies that will be listed on OKex will be selected.

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“Although many people are worrying whether HYCON will be able to receive many votes, we are engaging in this process with a mind that we are going to be one of the candidates at the end.”
Glosfer recently carried out a mainnet launch for HYCON. Mainnet launch indicates that a token based on other blockchain is converted to a coin based on one’s own blockchain network.
HYCON is a result of Infinity Project. Infinity Project uploads solutions to blockchain rather than DApps (Decentralized Application). Based on this project, developers can issue local currencies or develop internal electronic document management systems.
Staff Reporter Ham, Jihyun | goham@etnews.com