ShapeShift to 'Optimize' 1/3 of Staff

Old cryptocurrency company is 'overcoming crypto winter' by laying off people in the beginning of the year
10 January 2019   887

ShapeShift, a platform for instant exchange of cryptocurrency, reported on a significant reduction in staff, citing as the reasons the general deterioration of the market situation.

As the head of the company, Eric Vorhees, said, he had to say goodbye to 37 employees with a “heavy heart,” which is about a third of the company's total staff.

According to him, cryptobusiness is a cruel thing. So, in 2017, the market capitalization of ShapeShift increased by 3000% due to the rise of the market, but everything changed very much in 2018.

Eric noted that in addition to the legal uncertainty faced by the industry, ShapeShift does not cope with all the initiatives taken. In particular, he mentioned the CoinCap tracking service and the KeepKey hardware wallet.

It is curious that the head of ShapeShift also admitted that last year’s decision to verify customers had led to a significant reduction in the user base.

Wishing good luck to all the foxes who left the company (ShapeShift symbol), Eric Vorhees expressed the hope that the company would find strength and discipline that would help it overcome all obstacles and come to a victory for the world without borders and an apolitical financial system.

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   969

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.