Huobi to Join China Supported Blockchain Alliance

In addition to Huobi, BSN includes UnionPay, China Mobile and China Telecom, as well as China Merchants Bank International and WeBank
02 December 2019   410

The Chinese division of the Huobi cryptocurrency exchange is among the first members of the Blockchain Services Network (BSN), organized by the State Information Center (SIC) to unite industry representatives, The Block writes with reference to local media.

Information about the members of the new association was disclosed at the conference on December 1. In addition to Huobi, it includes China UnionPay, a Chinese payment system, supported by the authorities of the telecommunications giants China Mobile and China Telecom, as well as China Merchants Bank International and WeBank.

According to the Xinhua News Agency, BSN aims to provide infrastructure platforms in the field of blockchain services that will bring together different networks, regions and institutions. According to the publication, the platform developed by China UnionPay and China Mobile has already been “successfully deployed.”

Recently, Huobi opened an official unit in the Chinese province of Hainan, writes The Block. On Sunday, President of the Hainan Financial Supervision Authority Yang Chen said that a regulatory sandbox model was being introduced in the region to test financial technologies and blockchain.

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.