Blockchain Uber ran by China`s Ride Hailing Didi Chuxing

Co-founder of the Didi Chuxing ride-hailing company, Weixing Chen is cooperating with Yang Jun, co-founder of Meituan, local services firm for a blockchain app
29 May 2018   592

Didi Chuxing is estimated at close to $60 billion, and is searching an IPO at a higher evaluation. The ride hailing app will work as a platform to suggest ride hailing, delivery and other services. Yang Jun, interviewed at the China International Big Data Industry Expo 2018 at Guizhou, claimed the value of blockchain is built on whether or not people can really use it. According to the investor, blockchain technology can be used to develop different economic systems, such as tracking traffic from the Internet and providing additional services that meet users’ needs. 

Meituan joined Dianping, a peer review site, in 2016 to form Meituan Dianping, which is presently estimated at about $30 billion. Weixing Chen, being interviewed on the matter, declared that rail hailing will be the first mass test of blockchain on a social application. He also founded Hangzhou Fun City, that according to VB Profiles provides Internet games and mobile internet applications, and has invested in blockchain. Other ride hailing firms have announced investment in fintech and blockchain technology.

An Indonesia based firm, Frasindo, ran a coin earlier this year that will let the users to download an app that allows them to view cameras that track the vehicles and also view the onboard cameras. Frasindo partnered with ride-sharing companies in Indonesia.

Southeast Asia’s biggest ride-hailing platform, Grab, based in Singapore, last year reported about its plans to invest $700 million to bring accessible financing options for the Indonesian public to support Grab’s development plans in addition to providing loans for purchasing vehicles and smartphones.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   404

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.