COBINHOOD Founder to Deny Exit Scam Rumours

Chen stressed that the exchange and Dexon startup continue to work, there's no DXN tokens dump and no question of any exit scam
30 May 2019   841

The founder of the cryptocurrency exchange Cobinhood and Dexon startup Popo Chen in a letter to the community explained the situation around the platform, which was accused in exit scam.

So, Chen stressed that the exchange and startup continue to work, and there is no question of any exit scam.

There was no exit scam. Our company has been through a series of unfortunate incidents, causing COBINHOOD Ltd. announced its suspension on Monday, May 20th. Its mother company Blocktopia, Inc. then formed a smaller team (including me) to take over the daily operations that used to run by CONBINHOOD Ltd.

Popo Chen


It is noteworthy that earlier, as the parent company of the exchange was Cobbingham Digital Finance Co. Ltd, not Blocktopia at all.

At the same time, Chen notes that “there was no dump of DXN tokens,” and the Dexon Foundation, co-founders and team members still own all the assets.

The founder connects the appearance of rumors about the exit scam exchange with the fact that shortly before the declaration of bankruptcy of Cobbingham Digital Finance, Dexon completed the ICO, during which it managed to raise $ 3.5 million.

The parent company of the exchange announced the start of the liquidation procedure last week. Then it seemed strange to some users of the community that this happened a month after the completion of the ICO.

Before the events unfolded, experts rated the stock exchange as one of the safest cryptocurrency trading floors.

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   1029

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.