Mogu Token Lists on South Korean Exchange Bitsonic

By Jillian Godsil   Dec 16, 2019 3 Min Read

MOGX, rewarding connectivity as part of Mogu’s ‘router revolution’, lists on second exchange

Mogu, an Asia-Pacific technology firm currently scaling distributed, micro-cloud infrastructure through the deployment of household smart routers, announced its token (MOGX) listing today on the Bitsonic exchange. Bitsonic is a market-leading cryptocurrency exchange located in Seoul, South Korea.

Bitsonic, the second exchange listing for Mogu, follows the MOGX token debut on CoinTiger in September 2019. After launching on CoinTiger, MOGX reached an open-market high of $0.70, a 250% increase over the initial entry price of $0.20.

MOGX is used to power the Mogu ecosystem and rewards users of Mogu smart routers who chose to opt-in and become a node on Mogu’s intelligent distributed server network (DSN). Nodes can share their storage and/or idle computing power, supplying all users on the network with more efficient server power, thereby providing a faster, more affordable, easy-to-use, community-owned alternative to big cloud infrastructure. Mogu’s managed microservices infrastructure focuses on speed, cost advantage, collaborative economy, interoperability and efficiency.

Simon Stephen, CEO of Mogu, welcomed the opportunity to list the token on a secondary exchange.  “We are very impressed with Bitsonic. We were looking for a transparent, well-received and honest exchange. As far as we are concerned, Bitsonic ticks all the boxes. They have a strong organic database of clients and we look forward to sharing our community with theirs. Liquidity is the end goal when listing tokens on an exchange  – we have the product, the network and the database and now we have a means creating a strong platform for our token, helping us to expand across Asia and globally.”

“The MOGX listing is the next step towards our vision of a decentralized, distributed infrastructure that not only rewards connectivity, but provides prime users and gamers with in-built acceleration functionality for bandwidth-intensive activities and optimized online experience. We believe that it is only by acting together, in what we call a ‘router revolution’, that we can bring about humanity’s full potential to effect positive change.”

The details of the listing are as follows:

MOGX/BTC, MOGX/ETH, MOGX/USDT & MOGX/KRW trading pairs have been made available as of 2019/12/16 (Monday) 14:00 (GMT+8).

Project Name:     Mogu

Token Name:     MOGX

Token Type:       ERC-20 Token

Official Website:    https://mogutech.io/

Total Supply:     1,000,000,000 MOGX

About Mogu

Mogu was founded in 2015, as part of the Charter Group, with a strong team across the Asia Pacific working together on building the world’s first distributed server network. In 2018, Mogu received an independent valuation of USD 208 million. Consumer routers are a scalable, proven mature technology with under-utilised resources (computer processing power, storage and bandwidth). Mogu explores clustering, distribution and cryptocurrency incentives to implement a large-scale, high-performance distributed computing and storage infrastructure which is blockchain agnostic, interoperable and compatible with the collaborative consumption of data.

Find out more at www.mogutech.io.

About Bitsonic

Bitsonic is a cryptocurrency exchange founded by Skoop Media in early 2018, a leading mobile application developer in Korea. Skoop Media has created several top mobile applications in South Korea, including leading food delivery app Baedal Minjok ride-sharing app SOCAR, and webcomin app Naver Webtoon, managed by Korean tech giant Naver. It currently has a 24-hour trading volume of ₿403.09 from 59 coins and 77 trading pairs.

For more details, visit https://bitsonic.co.kr/

Image via Shutterstock

About the author

Jillian Godsil   
Blockchain Advocate, Founder, Conference Chair, Women in Blockchain Advocate, Keynote Speaker, Crypto Journalist, Broadcaster, CEO, Writer, Homelessness Advocate, Former European Parliament Candidate, Law Changer, Mother, Choir Member, Hill Walker, Dreamer Jillian has held senior positions with global PR companies in Sydney, Singapore, London and Dublin. She was PRO of Iona Technologies (Ireland’s first company to float on NASDAQ). She changed the law in Ireland in 2014 and is a former European Parliamentary candidate (as an independent). She is a co founder and journalist in the Blockleaders.io. She freelances for Irish Tech News, Irish Central, The Irish Independent and The Irish Times. She has her own radio shows on DublinCityFM and EastCoastFM. Her first job after graduating from Trinity College was as a systems analyst with JP Morgan. She is advisor to a number of ICOs, has been named a Crypto Queen by In Zero Conferences as well as listed in the 50 most influential women in the global blockchain rollcall. She is named amongst the top 10 people in Blockchain in Ireland. She was voted into the top 20 global Hedera Hashgraph Ambassadors in 2018. She is a board member of EOS Dublin. She is a community leader for Algorand. She is chain agnostic while she loves blockchain. She has been shortlisted for the Image Business Woman of Year and also shortlisted for Woman of the Year by Women in IT. She is passionate about getting women into blockchain – democratising opportunity for all women. She keynotes and chairs blockchain events around the world – including Kiev, Austin, Muscat, Columbo, Dubai, Capetown, Dublin and London.




Like this post:
Read More
Relevant |   Latest