Bitfinex to Unveil First Tokinex IEO

Ampleforth is going to raise 645 BTC to develop a stablecoin called AMPL with an algorithmic reservation model to ensure the stability of its rate
24 May 2019   391

Bitfinex Cryptocurrency Exchange reported the details of the first initial exchange offering (IEO), which will be held on June 13 at the new Tokinex platform launched jointly with Ethfinex.

Ampleforth will conduct an IEO, which is developing a stablecoin called AMPL (Smart Commodity Money by its own formulation) using an algorithmic reservation model to ensure the stability of its rate.

Ampleforth expects to attract 645 BTC (about $ 5 million at the current exchange rate). 5 million AMPL or 10% of the total token emission will be available for sale on IEO.

AMPL Token Distribution
AMPL Token Distribution

The minimum investment amount per user will be $ 20, the maximum - $ 10,000, while investment will be made exclusively in Bitcoins. AMPL Exchange promises to distribute the acquired tokens AMPL exchange within one week after the end of the campaign.

It should be noted that to participate in the upcoming IEO, potential investors need to pass KYC identification through the Blockpass application, providing a passport and a document confirming their residential address.

Users from the USA, Ukraine and Belarus are not allowed to participate in IEO.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.