Chinese to Participate in Binance Launchpad Despite Ban

As reported, some "entrepreneurs" provide Chinese investors with “KYC-services” and even software, which, according to them, increases the speed of purchase.
27 February 2019   540

Fetch.AI tokensale, which took place on Monday, was attended by 2,758 investors from approximately 20,000 who wished. Many of them, despite the rules of the platform Binance Launchpad, were residents of China. This is reported by 8btc.

According to their information, some entrepreneurs provided Chinese investors with “KYC-services” and even software, which, according to them, increases the speed of purchase.

500 yuan ($75) for a valid KYC identity, which allows you to participate in all the following public sale projects on Binance.

One of the proposals on the web

After sending the documents received in this way, the investor needs to use the CrazyTalk application to change the face and synchronize lip movements during the verification phase.

Although this procedure carries a lot of risks, and the seller of the documents may try to contact the exchange support service to withdraw funds from an account that does not belong to him, offer is popular in China.

Before the start of the Fetch.AI crowdsale, a video was posted on Twitter, presumably showing a Chinese Internet cafe filled with people hired to buy FET tokens.

Bitfinex to Unveil Tokinex IEO Platform

Information on first campaign will be available this Thursday, May 23rd
21 May 2019   113

Bitfinex cryptocurrency exchange announced the launch of an IEO platform called Tokinex.

The Bitfinex blog reports that information on the first IEO on the new platform will appear already this Thursday, May 23rd. The very same initial exchange offer will take place on June 13.

What it means to be an exchange has evolved to become an entire ecosystem, not just limited to the remit of trading digital assets. We are proud to finally launch Tokinex and bring the opportunity for participation in quality token sales in a fair environment.

Bitfinex Team

To participate in IEO on Tokinex, users of the exchange will have to undergo KYC identification using the Blockpass mobile app. After that, investors will be able to transfer funds from the exchange to the account for the purchase of new coins on the eve of the tokensale.

According to The Block, Bitfinex plans to hold approximately two IEOs per month. In the commentary on the publication's tweet, the representatives of the exchange specified that the new platform would not charge for listing.

Earlier, Bitfinex managed to attract $ 1 billion in private IEO. The LEO token started trading yesterday, May 20.