Canadian Barter Platform Bunz to Launch Own Crypto

Each Bunz user will receive 1000 BTZ, which can be exchanged for goods and services or can be send and received within users' community
10 April 2018   747

The Canadian platform for online trading and barter Bunz Trading Zone has issued its own crypto currency called BTZ. This is reported by Globe and Mail.

BTZ (pronounced "bitz") is, as its creators state, "the first Canadian crypto-currency, emitted in an already formed community - among the platform participants."

The Bunz project was created in 2013 by designer Emily Bitz as a closed group on Facebook in order to exchange things with friends. The number of the group grew rapidly, and she soon went beyond Facebook and Toronto. In 2016, an application and a website were released for Bunz.

The platform grew so quickly due to its simplicity and the absence of cash payments. However, it was the absence of payments that became a serious problem for Bunz, as it deprived the platform of "an obvious source of income".

You can use it in a simple and elegant way. We know the technology works … but we haven’t really seen a viable use case that the mass market can get behind. I think we’re going to be the first example of that.

Sascha Mojtahedi

CEO, Bunz

As stated in the project blog, each Bunz user will receive 1000 BTZ, which can be exchanged for goods and services or receive / send to other users of the platform. Initially, 1000 BTZ will be worth "enough to buy three coffee". BTZ tokens are available to 200,000 platform users since April 9th.

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   110

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.