Binance to Invest In Anti Phishing Software Creator

PhishFort services are designed for companies that are at high risk of phishing attack, e.g. exchanges, ICOs and platforms for production of tokens
29 April 2019   737

Binance Labs, the venture capital division of the Binance cryptocurrency exchange, has invested an unnamed amount in PhishFort, a company that specializes in solutions for protecting against phishing attacks. PhishFort services are focused on companies at high risk, such as bitcoin exchanges, ICO projects and tokens.

PhishFort started its operations eight months ago and consists of employees working on a remote basis.

The main product of the developer is a special browser plugin that allows you to determine the probable attack vectors from phishing attackers. According to the company itself, its user base has almost 2 million people.

In a statement PhishFort says that the company initially built its business with the expectation of becoming profitable. This allowed her to conduct her business without resorting to external investments.

However, after being introduced to the team at Binance Labs (Binance’s VC arm), we quickly realized that they weren’t purely profit driven; rather, they were genuinely interested in growing companies that could improve the crypto ecosystem and drive adoption.

Matt Marx

Co-founder, PhishFort

The company says that it will continue to do everything possible to protect users, exchanges, purse providers, decentralized applications and marketplaces from phishing attacks, and partnership with Binance will allow it to create even better technologies, as well as conduct educational work in the community.

Earlier this month it was reported about the appearance of phishing emails with notifications about the official launch of the decentralized Binance DEX exchange, although at that time it had not yet begun work.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   943

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.