According to the latest data from CoinMarketCap (CMC), Tachyon Protocol’s native token IPX has reached a market capital of 23 million dollars and is currently ranked at 129 on CoinMarketCap. IPX is currently listed on leading crypto exchanges like Bithumb, Bithumb Global, Hotbit, HitBTC and OceanEx with maximum trading volume concentrated on Bithumb’s fiat (KRW) pairing.
Tachyon Protocol is a decentralized internet protocol that aims to create a liberal21, secure and private internet for users. Its first use-case is a next generation decentralised VPN (dVPN) service – Tachyon VPN, which will be released on Google Play and App Store for all global VPN users soon. The network is planned to be entirely driven by community nodes and an incentive system will also be added to the following versions. The project is backed by blockchain database cloud project v.systems that offers a scalable cloud platform for blockchain databases and their applications.
The alpha version of the dVPN network, launched in the last quarter of 2019, is currently run by volunteer nodes across the world. For the service that these nodes provide (i.e. the traffic offered), they will earn ‘session’ rewards from VPN users in the form of the native cryptocurrency of Tachyon Protocol, IPX. The token is based on the v.systems blockchain with 1Bn total supply.
The listing of IPX on CMC Top 150 signifies that its solid use case and technical development has been recognized by top industry validators. In the second half of 2019, CoinMarketCap made several changes to its ranking methodology to avoid one-time freak trades, price manipulations and inflated volumes. As a result, the platform now reflects a truer representation of sufficiently liquid, transparent and active projects with adequate market cap. It is the gateway to the Top 100 ranking, and any coin or token that receives top ranking on CoinMarketCap will be able to get a lot of eyeballs from crypto investors and users.
Track IPX on CoinMarketCap: https://coinmarketcap.com/currencies/tachyon-protocol/
About Tachyon Protocol:
Tachyon Protocol is a decentralized internet protocol that aims to create a libre, secure and private internet for users. The Tachyon-based VPN, IoT, DeFi, Storage, CDN, DNS and other Apps will benefit more than 900 million users. By implementing techniques from DHT, blockchain, UDP and encryption, Tachyon is committed to building the next generation TCP/IP that can provide a self-sufficient internet environment with high security, untraceability, availability, and maximum network speed. For more information, please visit https://tachyon.eco.
About CoinMarketCap:
CoinMarketCap is the leading price, volume and other trading metric tracker for cryptocurrencies. In addition to providing ranking, market cap, charts, exchange data, project information, supply metrics, the platform also provides API services. As an aggregator of price info from multiple exchanges, CMC is the most popular aggregator out there with an Alexa ranking of 537 as on 10-Mar-20. For more information, please visit https://coinmarketcap.com/.
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