KuCoin to Update IEO Rules

Now the initial exchange offerings campaigns (but not the MultiVAC) at Spotlight will be concluded in a lottery format, similar to Binance Launchpad 
03 April 2019   736

The KuCoin cryptocurrency exchange announced a rules change of initial exchange offerings (IEO) on the Spotlight platform. New rules do not apply to the upcoming campaign of the MultiVAC project.

During the next IEO, KCS holders will participate in a lottery, where the probability of winning will depend on the number of exchange tokens that have been in their accounts for the previous 14 days. KuCoin promises to announce more detailed terms later.

Holding KCS and getting KCS bonus will dramatically increase your chances with our next sale. Many of our new products will be launched soon. KuCoin's trading volume is rising rapidly. I think the market is also cheering for us.

Michael Gan

CEO, KuCoin

In addition, a separate round, where the distribution will take place in the order of a live queue, will be organized for those who will not be able to receive an allocation at the first stage. Investors who become owners of tokens during the lottery selection will not be able to participate in this round. 

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.