KuCoin to Report on Fraud During MultiVAC IEO

Additionally, on Tuesday there will be an additional round of sales of MTV tokens
04 April 2019   748

The KuCoin cryptocurrency exchange acknowledged the fact of the scam during the IEO MultiVAC process, which ended in 7 seconds, and decided to award campaign participants who could not acquire MTV tokens.

Evidence shows that during the Spotlight Token Sale last night, a few users used programmed scripts to automatically go through some of the steps (e.g. to manually key in the purchase amount and trading password) before pressing the 'Purchase Now' button. These kinds of scripts helped those users get an unjustified advantage in the Token Sale. To some degree, the scripts made the already hard-to-get token even harder.

KuCoin Team

KuCoin notes that it seeks to support users who tried to participate in IEO MultiVAC. Those of them who clicked the “Purchase Now” button, but could not get tokens, will be credit with bonuses in USDT this week. Additionally, they will get MTV before listing on the exchange, depending on the number of KCS tokens they had at the time of the campaign:

KuCoin USDT & MTV Bonus Rate
KuCoin USDT & MTV Bonus Rate

In addition, on Tuesday there will be an additional round of sales of MTV tokens with the "live" queue, the allocation for one investor will be $ 120. Users will not have to type-in the purchase amount or trading password, but you will need to pass verification through reCAPTCHA from Google.

Also today, KuCoin announced the sixth stage of buying back and destroying its own KCS tokens. The event is timed to the end of the first quarter and will be held over the next three weeks.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   71

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.