On September 9, the price of Flock.io (FLOCK) surged significantly after the biggest crypto exchange in South Korea, Upbit, revealed new listing plans.
Upbit's FLOCK Listing Details
In an official announcement, Upbit revealed its plans to list FLOCK, supporting the KRW market. Trading for FLOCK/KRW debuted at 12:00 KST on September 9.
Upbit listed FLOCK/KRW on the Base network.
Following the crypto exchange's announcement, the price of FLOCK surged significantly.
FLOCK Price Trajectory on September 9
Ahead of Upbit's new listing announcement, FLOCK was trading at approximately $0.31 and had a market cap of over $68 million.
After the crypto exchange revealed its plans to list FLOCK/KRW trading pair on the platform, the digital asset recorded a price spike of more than 100%, reaching a price of over $0.67 and a market cap of over $149 million, before settling at current price levels.
At the moment of writing this article, FLOCK is trading above $0.47 and has a market cap of over $104.9 million. The digital asset is up by more than 69% in the past 24 hours after Upbit's listing.
What is Flock.io (FLOCK)?
Flock.io project claims to be a platform that streamlines users' AI journey from data preparation to model deployment. The platform mixes Federated Learning and blockchain technology to disrupt AI model development.
The platform has the following key features:
- Data ownership - Offers local training and hosting while data remains local, and contributors to the ecosystem are fairly rewarded.
- Finetuning foundation models - Finetunes LLMs, offers stable diffusion to lower data requirements.
- Scalable infrastructure - Provides fast and compute-saving finetuning enabled by LoRA.
- Community ownership - Rewards are shared by data contributors.
According to the official website of the project, Flock.io's AI technology powers smarter collaboration with:
- Streamlined communication
- Automated tasks
- Enhanced productivity
FLOCK is the project's token that drives:
- Incentives
- Governance
- Ecosystem growth
- Sustainable and decentralized innovation
