Court to Extend Deadline for Mt Gox Rehabilitation Plan

As reported earlier, all verfied Mt. Gox clients will receive compensations, even those who did not make up the application
26 April 2019   852

The Tokyo District Court approved the petition of the trustee of the bankrupt Mt.Gox Bitcoin Exchange Nobuaki Kobayashi to extend the consideration of creditors ’applications for compensation and postponed the filing of the final civil rehabilitation plan until October 28.

Note that Kobayashi was supposed to submit a civil rehabilitation plan on April 26, but asked for more time to review the rejected applications.

At the end of March, the trustee informed the court of the completion of the consideration of applications, but now notified the court that the status of rejected requests could be revised.

It is noteworthy that even those users who did not make up the application will receive compensation. This applies to all verified Mt.Gox clients.

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   954

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.