Upbit Launches Gensyn Trading With KRW, BTC, and USDT Pairs

• Upbit will add Gensyn (AI) trading in KRW, BTC, and USDT pairs starting June 30, making the coin more accessible to the markets.
• Gensyn runs a decentralized computing network that links GPU suppliers to developers of artificial intelligence programs.

South Korea’s biggest cryptocurrency exchange platform, Upbit, will add the Gensyn (AI) listing with KRW, BTC, and USDT trading pairs starting June 30 at 16:00 KST. This listing presents the decentralized artificial intelligence program to one of the biggest Asian digital asset exchanges.

The listing comes approximately two months after Gensyn released its mainnet on April 22. Traders usually keep track of exchange listings since they make the asset more accessible to investors from other regions.

The KRW trading pair enables investors from South Korea to buy the token in their currency. In addition to Bitcoin and Tether trading pairs, the listing diversifies the trading choices for the exchange.

Gensyn Creates a Decentralized AI Computing Network

Gensyn concentrates on building a decentralized market that will provide developers with computing resources needed for training and using artificial intelligence models. Apart from getting computing power from centralized cloud services, developers will be able to get computing resources from independent GPU owners around the world.

The protocol will coordinate computing tasks for participants’ machines while validating their results using decentralized means. In this way, developers will be able to get computing resources without being dependent on one particular infrastructure provider. AI tokens will serve as a payment mechanism for computing providers and developers in the network. Besides, AI tokens will perform staking features in the ecosystem as participation grows.

Currently, the circulating supply of AI tokens is about 1.3 billion out of the total supply of 10 billion. Moreover, Gensyn released the first version of its decentralized prediction market app called Delphi along with its token generation event in April.

Financial Support Fuels Early Development

Gensyn has raised approximately $78 million in funds from various established digital asset venture capital firms. Some of the investors include a16z Crypto, Galaxy Digital, and CoinFund, representing institutional interest in decentralized artificial intelligence infrastructure.

Even prior to the Upbit listing, Gensyn had already obtained listings on Binance and Coinbase, boosting its liquidity on major cryptocurrency exchanges around the world. The listing on Upbit provides additional coverage to the project.

At the same time, market players continue keeping an eye on developments on the network and on token distribution. Even though the circulating supply is far below the maximum token supply, the developers of the project continue developing it after its successful mainnet release. The Upbit listing represents yet another milestone in the history of Gensyn and decentralized artificial intelligence infrastructure development.

Highlighted Crypto News:
Vitalik Buterin Says Obfuscation Could Boost Blockchain Privacy