Australia to open National Crypto Currency Exchange

A tech firm from Australia plans to open National Currency Exchange which will trade Bitcoin and Ethereum, with other cryptocurrencies and Initial Coin Offerings to be added later in 2018
25 December 2017   1160

As the Australian media resource The West have reported, Australian tech firm from Perth is planning to open a national cryptocurrency exchange early in 2018. At first, National Currency Exchange will be trading Bitcoin and Ethereum, but later more cryptocoins and the upcoming ICO tokens will be added too.

The CEO of National Currency Exchange, Tommy Shin, has stated that $750,000 were raised to fund the cryptocurrency exchange along with a second exchange in Singapore.

We will also be adhering to best practice and industry standards used in the verification of users’ ID as part of Know Your Customer. We have also implemented real-time reconciliation and best practice accounting processes in place to ensure transparency.
 

Tommy Shin

Chief Executive Officer, NCX

The exchange is supported by Subiaco’s Lateral, a technology company which provides expertise to securely manage infrastructure and develop customer-engaging mobile applications.

Apart from Australia, NCX is planning to open exchanges in Singapore, Malaysia, Indonesia, Croatia and other Asian countries during next two years.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.