Based in China's Shenzhen, the start-up BitKan attracted an investment of $ 10 million during series B financial round, reports CoinDesk.
The round was headed by the Chinese financial company Zhongyunhui Capital. Among other participants - IDG Capital and the world's largest manufacturer of mining equipment Bitmain. The latter had already invested in this start-up - in the spring of 2016, during the series A r financing round, the Chinese giant invested $ 1.6 million in BitKan.
According to representatives of BitKan, the funds raised will be used to expand the business and create a platform called K Site, the beta version of which is scheduled for April 20.
The new service is a platform where users exchange their generated content for KAN tokens. According to representatives of BitKan, the site will mark a step towards a higher quality of content and will be of great importance in an environment filled with "fake ICO and scams".
Free content can only attract page views, but putting up a paywall can improve content quality considerably.
As part of the expansion of its operations, the company also plans to open offices in Hong Kong, Singapore and Tokyo.
The BitKan platform was founded in 2012. Initially, the startup specialized in over-the-counter trading operations, providing data on the prices of cryptocurrencies an wallets.