DigiPulse to burn excess amount of DGPT tokens

Community of DigiPulse Foundation through polling decided to burn the excess amount of DGPT tokens that was frozen since November 2017 on April 30
03 April 2018   566

DigiPulse Foundation polled its community on the matter of the excess amount of DGPT tokens - almost 68% of the total supply of the tokens were left unsold. That amount was frozen for 6 months before the Foundation is able to access it. According to the poll results, 87% of the community have voted for burning the unsold tokens.

Back in November the company already burnt its share of tokens to maintain a 25% ratio from the total supply. Now, on April 30, once the excess tokens are unfrozen they are to be burned immediately (it will be sent to the address 0x0000000000000000000000000000000000000000). Community members' tokens will be kept as they are and not diluted. The service price will be tied to a fiat amount thus making regulation mechanism clearer for the community. Another reason for such a tie-up is that after drastically decreasing the token supply (from 20,483,871.02 to 5,420,726.22) the project might run the risk depleting the tokens. So the tie-up is for the adjustment of the underlying token amount.

As of the moment of publication, DigiPulse market parameters are as follows:

Average price: $2.27

Market cap: $3,190,869

Volume (24H): $21,738

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.