KuCoin to Take Back MTV Tokens From Unfair Buyers

Team found out that 67 participants of recent MultiVAC IEO used scripts to buy tokens instantly, thus creating an “unfair advantage”
10 April 2019   277

The KuCoin cryptocurrency exchange completed an investigation into users who used scripts during the IEO project MultiVAC.

Thus, the marketplace identified 67 participants who used special scripts in the course of a tokensale, which allowed them to complete the procedure for participation in IEO quickly, thereby providing them with an “unfair advantage” over other participants.

KuCoin team decided that these users would not receive acquired tokens - they had already returned the spent KCS to them, and the corresponding number of MTV tokens would be given to MultiVAC.

At the same time, KuCoin distributed tokens among those investors who clicked the “Buy Now” button, but did not receive the coins.

Finally, users will receive their tokens after an additional round of MTV sales, which will be held April 9th.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.