VeChain and Jiangsu PE Co. to develop IoT equipment

VeChain partnered with Jiangsu Printed Electronics Co. in order to explore and cooperate towards solutions within blockchain-centric IoT equipment
21 December 2017   3099

The VeChain Foundation, a non-profit entity established in Singapore, has announced on December 21 its partnership with Jiangsu Printed Electronics Co., Ltd., an integrated platform for improvement research, app development and investment in printed batteries founded in China.

At the moment of press, these are main market parameters of VeChain:

  • Average price: $1,52
  • Marketcap: $421 411 926
  • 24h volume: $55 795 300

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   553

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.