AliPay Operator is Critical Over ICOs

Eric Jing, Ant Financial's CEO believes that much of the existing blockchain enthusiasm comes from speculation
26 March 2018   1243

Ant Financial Services Group, Alibaba's payment partner and operator of AliPay, has taken a critical position over ICOs. This is reported by Coindesk.

Eric Jing, CEO of Ant Financial's, talking at the annual China Development Forum on March 24 in Beijing, said that much of the existing blockchain enthusiasm comes from speculation around the blockchain.

Jing suggested that many projects behind tokensales canonly a poor white paper, and he appeared to rule out the possibility of his firm holding an ICO.

The current phase is like the internet bubble period in the '90s. Ant Financial has drawn a clear line with ICOs.
 

Eric Jing 

CEO, Ant Financial

Eric Jing noteed that he believes in blockchain's potential as a trust mechanism for the future digitalized society, but at the moment, bubble is likely to blow in the next few years. Only after that will the industry be able see real blockchain applications come, he said.

 

KuCoin to Launch Spotlight IEO Platform

As reported by the KuCoin itself, information about the first tokensale will appear this week
21 March 2019   72

The KuCoin marketplace announced the launch of a platform for initial exchange offerings (IEO) called Spotlight.

The exchange's blog says that information about the first tokensale will appear this week. It is also known that tokens will be distributed according to the principle of first-come, first-served, that is, in the order of receipt of applications from investors. To purchase assets of new projects will use its own token exchange - KuCoin Shares (KCS).

In order to participate in the tokensale users will need to be verified. Some countries and regions will not be admitted to IEO on KuCoin.

After Binance conducted two extremely successful IEOs on the basis of its platform, BitTorrent and Fetch.ai, the analogue of Launchpad appeared on OKEx. Soon, Bittrex International announced the launch of its own IEO platform.