Bithumb, South Korea's second largest cryptocurrency exchange, announced the addition of two new altcoins, Radworks (RAD) and MAGIC (MAGIC), to the Korean Won (KRW) market.
According to the announcement on the Bithumb official website, Radworks (RAD) is a project that aims to achieve internet freedom by promoting an open source ecosystem. It supports Radicle, a decentralized code collaboration tool, and Drips, a funding solution for developers. RAD, Radicle's utility token, is used for governance and other transactions.
MAGIC, on the other hand, is a cryptocurrency used on the Treasure gaming platform, an Arbitrum-based decentralized gaming platform created for community-driven games. MAGIC is used as the native token of the Treasure Platform and is used for trading in-game assets on the platform, as a marketplace medium of exchange, and for participation in governance.
*This is not investment advice.