CryptoBridge Decentralize Exchange to Close

Exchange closes due to “market conditions, increasing regulation, inability to fund further development and maintain operations”
02 December 2019   350

Decentralized cryptocurrency exchange CryptoBridge announced the termination of work. Users have two weeks to withdraw funds.

In a statement, the platform noted that the reasons for this decision were “market conditions, increasing regulation, inability to fund further development and maintain operations”.

CryptoBridge will stop accepting deposits from December 4, and assets must be withdrawn before midnight on December 15.

The platform recalled that withdrawal operations require user verification in accordance with EU rules. Verification may take several days.

In October, CryptoBridge introduced verification without warning, causing customer dissatisfaction.

The exchange will also close all accounts in social networks, including Discord, after which communication will be possible only through the wallet support system.

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   1058

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.