Cryptokitties enters China, Hong Kong and Taiwan

The most successful consumer product built on blockchain launches with an iOS app limited to 5,000 players
08 March 2018   1954

Today, Cryptokitties becomes officially available in China, Hong Kong and Taiwan. It comes from North America, where it blasted with gigantic success in 2017 that also resulted in a massive overload of Ethereum network. In order to address this issue and mitigate the potential risk Cryptokitties is open for 5,000 players only. The game comes in the form of an iOS app and those who wish to play need to join Cryptokitties official account on WeChat and register their email address on a special entry page. Meanwhile, random lucky players will be awarded with open spots. The launch is accompanied with the start of a localized website, native-speaker support and several giveaway events.

The brand ambassador will be renowned Chinese illustrator Momo Wang. As the special edition Cryptokitties Artist series is under development by well-known artists, Momo Wang will be the first such contributor. A significant increase of transactions on Ethereum is expected as these special edition cats are on high demand. Notably, one of the cats will be put on a global auction, and it will be one of the initial examples an artist auctioning ownership of their art via blockchain platform.

We created CryptoKitties to make blockchain technology accessible to everyday consumers. Games like CryptoKitties drive adoption of emerging technologies like blockchain. They also showcase blockchain's potential beyond cryptocurrency, gifting users with a working fluency in the underlying technology by hinting at what the future of digital art ownership may look like.

 

Benny Giang

Co-founder,  CryptoKitties

Cryptokitties is the largest Ethereum network based game that has gained 1.5 mln users registered and been a go-to method for over $40 mln worth transactions. The game is also responsible for approximately 25% of the network traffic at its peak.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   559

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.