FSN "Six Network's Utility Token 'Six' Listed on Coinone"
[Asia Economy Reporter Hyunseok Yoo] FSN ASIA, the overseas business subsidiary of the comprehensive digital marketing group Future Stream Networks, announced on the 29th that the cryptocurrency 'SIX' of its consolidated subsidiary Six Network has been listed on 'Coinone,' a leading domestic cryptocurrency exchange. Coinone is one of the four major cryptocurrency exchanges in Korea, including Upbit, Bithumb, and Korbit.
'SIX' is a utility token used on the Six Network platform. Six Network operates its own blockchain-based marketing service platforms such as 'ECHO' and 'Snap' to address practical challenges in the advertising and content market, including copyright issues for content creators and cash liquidity problems arising from advertiser transactions. 'SIX' and 'Snap' also began expanding their blockchain utilization ecosystem in early July through integration with Klip, a digital asset wallet launched by Ground X, Kakao's blockchain technology affiliate.
During the Coinone listing process, 'SIX' underwent a transition to a KCT (Klaytn Compatible Token) basis for network interoperability reasons. The company launched an official website on the same day where existing SIX-Stellar based token holders can swap their tokens. Additionally, they announced plans to launch a separate application called 'SIX Swap' at the end of August to enhance convenience for trading investors. The token swap website can be accessed through Six Network's Medium channel.
Choh Changhyun, CEO of FSN ASIA, stated, "We will continue to consider user convenience and strive to increase the value of SIX by steadily developing technology and expanding real business applications."
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The SIX token is listed on major cryptocurrency exchanges in seven countries, including Bittrex in the United States, CoinSuper in Hong Kong, as well as exchanges in Japan, Indonesia, Vietnam, and Thailand. The company plans to accelerate the expansion of the SIX token's domestic ecosystem following the Coinone listing.
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