OKEx to Launch Community-Driven Exchange

The own token of the CoinAll exchange will be mined using the trans-fee model
08 August 2018   190

Bitcoin-exchange OKEx has announced the launch of the CoinAll cryptoexchange platform, operating according to the "white label" scheme.

The launch of CoinAll, the 1st exchange under Open Partnership Program, symbolizes a new era to build a community- and project-centric open exchange, unveiling an exciting new chapter in the blockchain industry!
 

OKEx Team

The launch of the new site took place as part of the Open Partnership program, which started work in June.

Thanks to CoinAll, Open Partnership participants will be able to use the opportunities and services of OKEX, in particular, the clearing system, cold and hot wallets, AML / KYC procedures.

CoinAll also issued 10 billion CAC tokens: 51% will receive users as a reward, and 49% - co-founders of the exchange and members of the Open Partnership program. The coin will be mined using the trans-fee model, which is the mechanism for receiving tokens issued by the exchange as a reward for trading activity of traders.

At the moment, trading pairs of CAC with bitcoin, Ethereum and Tether (USDT) are available on the site.

South Korea to Allocate $880M for Tech Including DLT

The goal is to "focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy"
16 August 2018   99

In 2019, the government of South Korea plans to invest more than $ 880 million in accelerating the development of innovative technologies, such as blockchain, CoinDesk reports.

Deputy Prime Minister Kim Dong Yeon held a ministerial meeting to work out an investment plan for the government to develop innovations for the next five years.

According to the website of the Ministry of Economy and Finance of South Korea, the government allocated 1 trillion won (about 880 million dollars) - 80% more than in 2018 - for the development of technologies like blockchaain, big data and AI in 2019. In addition, the agency said that in the next 5 year total investments of 8-9 billion dollars are planed.

The goal is to "focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy," the press release said.

The investment plan does not specify how much money will be invested in each of these areas separately. There's no info wether it will be allocated to mining facilities.

Earlier, the Ministry of Information and Communication Technology of South Korea reported that in 2019 will allocate $ 9 million to invest in blockchain start-ups. In addition, in June it became known that the same ministry was cooperating with other state agencies on the development of six pilot programs, within which the block would be used in large government services.