Russian NSD to Launch Security Token DLT Platform

A division of the Moscow Stock Exchange chose Switzerland as the jurisdiction for launching the site due to number of reasons
23 May 2019   721

In June, the Russian National Settlement Depository (NSD) will launch the D3 blockchain platform for storing and using digital assets. It is reported by CoinDesk.

A subsidiary of the Moscow Stock Exchange chose Switzerland as the jurisdiction for launching the site, focusing on a favorable regulatory environment and the potential for the development of a cryptocurrency market.

In terms of laws, [Switzerland] allows the tokenization of at least some kind of securities. That’s the first thing. And it’s favorable for such things because there is market demand.

Artem Duvanov

Head of Innovation/Director at NSD

Platform D3 will provide secure, decentralized storage of several types of digital assets:

  • security tokens representing unregistered shares in a small medical company;
  • cryptocurrency Sora, developed by the Japanese technology provider Soramitu;
  • Bitcoin and Ethereum;
  • ERC-20 standard tokens.

At the same time, Bitcoin and Ethereum will be stored on the D3 platform as depositary bills. With this approach, the cryptocurrency is frozen in the main blockchain using smart contracts with a multi-signature, and the D3 network releases the corresponding tokens.

All operations at D3 will be carried out using the Hyperledger Iroha framework, created by Soramitsu in partnership with the Hyperledger consortium.

According to Duvanov, the next step will be addition of realiable stablecoin to launch over-the-counter transactions without risks for the counterparty. Among others, the possibility of using the Gemini Dollar is being considered.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1017

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.