Wandx to Release Put Options on Testnet

Wandx platform has announced that the release of the Erc20 token put options on testnet is scheduled to March 25
17 March 2018   1210

Wandx protocol enables seamless creation and trade of any ERC20 Token or ERC20 Token baskets, and its application on the Ethereum main network enables decentralised trade of ERC20 token products. We have recently reported that WandX is releasing put options front-end for their decentralized token creation and exchange platform, which should provide a comprehensive frontend environment for users to create and trade their ERC20-based tokens through put options.

Currently Wandx is focusing on marketing and product development, and as soon as the development of put options implementation is on the forefront of Wandx production, we should remind our readers that put option is the opposite of a call option, which gives the holder the right to buy shares. Put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.

As for Wandx platform, it has announced that the release of the Erc20 token put options on testnet is scheduled to March 25. Wandx is surely doing its best to let users create and trade a basket of ERC20 Tokens with a single transaction, and create token themes such as decentralized identity or decentralized exchange, and much more functionality.

CEO AriseBank Admitted to Fraud

Now Jared Rice faces up to 120 years in prison, however, confession may reduce this period to 20 years
22 March 2019   75

AriseBank CEO Jared Rice confessed to deceiving investors for $ 4.2 million in cryptocurrency. The plea agreement filed in the federal court of Dallas, Dallas News кузщкеы.

According to the document, Rice promised investors a "guaranteed return" of up to 20% of the invested funds, as well as opening bank accounts insured by the Federal Deposit Insurance Corporation and Visa-related debit and credit cards, although he did not have agreements with these companies.

The $ 4.2 million received from the ICO Rice spent on his girlfriend, lawyers, as well as on hotels, food and trips by Uber.

It is noteworthy that Jared Rice’s plea for cryptocurrency fraud was one of the first of its kind in the United States.

Now Rice faces up to 120 years in prison. However, confession may reduce this period to 20 years. Also, the organizer of the scheme will have to pay damages to deceived investors.

The final verdict on the case will be delivered on July 11.

Jared Rice was arrested in November 2018 on charges of fraud with unregistered securities and fraud using electronic means of communication. In December, the US Securities and Exchange Commission (SEC) obliged him and Stanley Ford, co-founder of AriseBank, to pay about $ 2.7 million as part of the settlement of the charges.