Chilean Court to Order to Restore the Orionx Account

Chilean Court to Order to Restore the Orionx Account
16 July 2018   1268

The fourth chamber of the Court of Appeal of Santiago, Chile, ordered the state Banco Estado to restore the account of the crypto exchange Orionx. This is reported by Bitcoin.com.

The court ruled that the decision to close the account was a violation of the right to equality before the law, prescribed in the Political Constitution of Chile (Article 19, paragraph 2).

According to local media, Banco Estado can not prove the involvement of Orionx in money laundering, and the closure of the account violated the terms of the contract.

In early April, Chilean banks Itau Corpbanca, Bank of Nova Scotia and Banco del Estado de Chile blocked the accounts of crypto exchanges Buda, Crypto MKT and Orionx.

Chilean court for the protection of free competition (TDLC) rejected the appeal of the country's largest banks and left the April decision to restore the accounts of Cryptomkt and Buda in effect for the duration of the investigation.

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   1003

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.