Electroneum seals partnership with Quoine exchange platform

  Electroneum will be working with Quoine to gain regulatory acceptance by the JSFA
12 February 2018   849

Today Electroneum announced it has achieved agreement with Japanese exchange platform Quoine. For now Electroneum will be listed on Qryptos exchange. At the same time it will be working with Quoine to achieve regulatory approval of the Japanese Financial Services Agency. That would mean Electroneum will be accepted as a payment solution much faster.

Not only will it allow our users to deposit USD or EUROs to trade ETN, but QUOINE sponsoring us through the regulatory process with the Japanese Financial Services Authority will open up exciting new corporate opportunities.

 

Richard Ells

CEO of Electroneum

Quoine is a unique exchange platform as it has been approved by the same JSFA, considered to be one of the most secure and stable fintech companies in the world to deal with cryptocurrencies. On top of that, Deloitte Touche has officially accepted Quoine as its client.

On the other hand, a UK-based cryptocurrency Electroneum makes an interesting combination of a blockchain and cryptocurrency leveraging the omnipresence of mobile phones. It developed a suprising mobile app that allows any smartphone to act as a mining device.

Reddit users warmly welcomed this announcement:

u/Tweakly said “Great news guys! Etn is really making the push to establish itself as a real competitor for mass adoption and its being really successful :)”

u/uppermonsteN said “Fiat/ETN; great step to encourage adoption.”

u/ChiliChristin said “Oh wow - nice :)”

u/chameleonfocus said “Sweet! 1 of many who will follow.”

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   91

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.