ICE to Acquire Bridge2 Solutions for Bakkt

Bridge2 Solutions will be transferred to the management of the Bakkt trading platform to help them with the app development
06 February 2020   411

The Intercontinental Exchange (ICE) holding announced its readiness to redeem Bridge2 Solutions, the developer of loyalty programs for sellers and buyers, to expedite the release of the Bakkt application.

According to ICE, after the transaction, Bridge2 Solutions will be transferred to the management of the Bakkt trading platform, a subsidiary of ICE. To this end, Bakkt will use the funds raised in the B-series financing round.

Bridge2 Solutions collaborates with leading global brands and large financial institutions, developing loyalty programs for their customers, as well as incentive programs for employees. By taking advantage of Bridge2 Solutions' ties with various companies, the Bakkt platform will accelerate the development of its custom application, with which investors can pay for purchases with cryptocurrencies around the world.

As the chairman and CEO of ICE, Jeffrey Sprecher, emphasized that after the launch of the custodial service Bakkt Warehouse and the first regulated options and futures for bitcoin, the release of this application will be a key stage in the further development of the platform.

With the launch of the Bakkt app, we will, for the first time, offer consumers a robust platform to consolidate and use all of their digital assets, from crypto to loyalty points to in game tokens, in one user-friendly wallet. Combining Bridge2 Solutions’ embedded relationships with banks and merchants and their innovative Loyalty Pay solution will enable us to launch new products that further drive loyalty and empower consumers to trade, transfer and spend digital assets in entirely new ways.

 

Mike Blandina

CEO of Bakkt

ICE management did not disclose the terms of the acquisition of Bridge2 Solutions, but clarified that such a transaction would not have a significant impact on ICE’s net profit or ROI.

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   250

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.