SIX Swiss Exchange to Develop Franc Backed Stablecoin

In addition, in the second half of 2019, the company plans to launch a digital tokens exchange based on the blockchain
23 May 2019   644

SIX Swiss Exchange, the largest stock exchange in Switzerland, is developing its own stablecoin, the price of which will be pegged to the local franc. This is reported by the Cointelegraph.

In addition, in the second half of 2019, the company plans to launch a digital tokens exchange based on the blockchain, however, at this stage, the SIX Swiss Exchange is not ready to confirm whether it will support developed stablecoin.

Earlier in May, SIX Swiss Exchange announced that it would launch its own platform for trading digital assets with a native token and a initial digital offering (IDO) service.

As then stated the head of the securities department of the stock exchange, Thomas Seeb, SIX had already addressed a number of companies that intend to launch tokenized tools such as traditional securities, private shares or funds. In this regard, the exchange is seriously considering the possibility of creating its token as a platform for such initiatives.

Ultimately we want to be able to tokenize existing securities — equities, fixed income, funds. Maybe the token will eventually replace the share one day.

Thomas Zeeb

Head of securities and exchanges, SIX

Testing of the new site should begin this summer, and the launch, as expected, will take place in the beginning of 2020, but it is unclear whether the mentioned stablecoin will be ready by that time.

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   1015

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.