South Korea’s Role in the Cryptocurrency Industry
South Korea is a major player in the cryptocurrency industry, with nearly 15% of its population registered with a crypto exchange. Such penetrative engagement places the country as a preferred hub for adoption in the digital asset world. Noting the same, IOTA is stepping up efforts to expand its footprint in this vibrant Korean economy.
Bithumb’s Promotional Campaign
Bithumb, one of the largest cryptocurrency exchanges in South Korea, has launched a promotional campaign that plans to reward its loyal and active user community. As per the announcement, the campaign is supposed to run for two days, begin May 19 to May 20, depending on the Korean Standard Time. The program will offer a generous reward pool of 323,065 IOTA tokens. These tokens will be distributed equally among all participants who meet the eligibility criteria.
For our Korean community – a new #IOTA education campaign just went live on @BithumbOfficial! Learn more about the participation conditions, as well as the 320,000$ MIOTA prize pool. Details below ⤵️ https://t.co/J99PIrFJmW — IOTA (@iota) May 19, 2025
Airdrop Details: How to Participate
To join the campaign, users must complete two simple steps. First, they should register a unique coupon code on the Bithumb platform, then they should make at least one IOTA trade, whether buying or selling, during the event period. This structure ensures that participation is straightforward and accessible, encouraging both seasoned traders and newer users to take part. The rewards, issued in IOTA tokens, are scheduled to be distributed on Tuesday, May 27, 2025. However, this initiative goes beyond just airdropping tokens for activity; it’s also designed to promote education.
As part of its Learn to Earn initiative, Bithumb is encouraging users to explore educational content about IOTA’s technology, its purpose, and its ecosystem. Participants who engage with this learning material will also be eligible for the same reward pool, reinforcing the platform’s belief that informed investors are empowered investors.
Recent Developments and Initiatives
Notably, this comes after a recent news report from Crypto News Flash about a new partnership between IOTA and CoinGecko, one of the leading crypto data aggregators. Through this collaboration, users can dive into a set of educational courses focused on the IOTA ecosystem and its Rebased Protocol. After completing the classes, the users can now participate in a quiz and stand a chance to win. From there, 2,000 lucky winners will be chosen through a raffle to share a $20,000 IOTA prize pool. After this, the winners will receive their rewards via airdrop within two weeks after the campaign wraps up on May 27, 2025.
Another initiative that has made the IOTA ecosystem more attractive to global users is the launch of a new tool called the IOTA APY calculator, which helps users find the most profitable validators with the highest yield and also tracks their stacking rewards in real time.
Current Market Position of IOTA
IOTA is currently priced at $0.24, having seen a rapid 11% decline in the last 24 hours and a 13.06% decline in the last seven days. This dip has affected the project’s overall market position and dropped its market capitalization to $829 million. However, the token’s 24-hour volume jumped nearly 69% to $29 million, indicating a time of serious buying and selling as traders respond to recent market events.