Zilliqa and Binance to Join Forces With Incognito

Zilliqa users will be able to conduct transactions through the sidechain based on Incognito technology to provide addition privacy level
13 January 2020   434

The Zilliqa blockchain startup and the Binance cryptocurrency exchange have partnered with Incognito, a platform for securing transaction privacy, Decrypt reported.

Thanks to the new agreement, Zilliqa users will be able to conduct transactions through the sidechain based on Incognito technology. Incognito offers a solution that is not tied to any particular blockchain, which is an additional level of privacy based on evidence with zero disclosure. In other words, the user can take a conventional cryptocurrency using a completely transparent blockchain and hide the details of transactions carried out with its help.

How does the Incognito-Zilliqa Bridge work? ZIL holders transfer their coins to the Incognito wallet address and receive in return pZIL tokens (private ZIL). pZIL can be exchanged for ZIL at any time, simply by making a transaction to the address of any Zilliqa wallet. As long as the user remains in pZIL, no one can track the progress of his transactions. Liquidity for pZIL is provided by the decentralized exchange pDEX.

Binance Exchange, for its part, included the project in the program for supporting open-source software developers in the cryptocurrency industry Binance X. The program involves the payment of scholarships, as well as providing support in ongoing developments. The primary goal of the collaboration is to create a decentralized bridge between Incognito and the Binance Chain.

Initially, Incognito's functionality was implemented through its own project wallet. In the future, developers intend to switch to a fully decentralized model.

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   955

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.