Real-World-Linked Fashion Coin "DRESS" to Be Listed on Cryptocurrency Exchange Gate
AvatarMaid announced on September 8 that the virtual currency "DRESS" token, issued by its partner Red Pants Foundation, will be listed on the global cryptocurrency exchange Gate on September 9.
The Gate exchange will support trading of the DRESS and Tether (USDT) pair. Gate is a mid-to-large-sized global exchange, ranking between 2nd and 8th worldwide. Recently, the platform has been actively listing promising altcoins.
The project listing the DRESS token, "DRESSdio," is a compound word of "DRESS" and "studio." It refers to a space where anyone can participate and create the clothing they desire. The project aims to transform the supplier-centric, centralized fashion industry ecosystem-dominated by fashion brands and distributors-into a participatory, collaborative ecosystem centered on individual creators, utilizing a Web 3.0 platform.
The DRESS token is a utility coin issued on the Ethereum-based Polygon chain. It is a dedicated coin for the DRESSdio platform, a real-world-integrated Web 3.0 fashion ecosystem based on autonomous collaboration among creators in the fashion industry.
The token is also integrated with "NARCIS," a fashion commerce-exclusive artificial intelligence (AI) agent service that offers real-world-integrated transactions, virtual try-on video services, and style recommendations.
This listing marks the first official distribution event since the private sale conducted alongside the token's issuance in January. Out of the total supply of 2 billion tokens, 160 million tokens-8% of the total-have already been sold through the private sale. Through this listing, the token will achieve actual trading circulation, market-based price discovery, and liquidity verification.
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AvatarMaid, led by Park Changkyu, a professor at Konkuk University, officially launched "doDRESS," Korea's first Web 3.0 fashion creator collaboration platform, in October 2023. This year, in partnership with Red Pants Foundation, the company has begun full-scale operations by issuing the DRESS token for the AI and blockchain-based DRESSdio platform and its related services.
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