KuCoin to Announce Trias IEO

The selection of investors for participation in the campaign will be held in the lottery format, and each user can receive up to 7 tickets
29 April 2019   419

The KuCoin Crypto Exchange presented details of the initial exchange placement (IEO) of the Trias project, which will be held on May 14th.

As expected, the selection of investors for participation in the campaign will be held in the lottery format. Each user can receive up to 7 tickets and allocation of up to $ 500 per account.

Tickets are issued on the basis of several criteria, including trading volume, participation in the KuCoin Bonus program, use of the KuCoin application for making deals and the number of KCS on the account in the preceding days (up to four tickets).

400,000,000 TRY is offered for sale through KuCoin Spotlight. Thus, with the price of a token of $ 0.004, the project intends to raise up to $ 1.6 million.

According to the Trias website, the project is creating a platform for the execution of smart contracts, the development environment and the ecosystem of interaction.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   977

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.