Tag: Token

Humanizing Blockchain: Building Trust in a Trustless System – Cherie Aimee at VBW2020

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OKEx Extends Support to COMP Governance Token, Foresees DeFi to #FinanceAll

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The popular crypto trading platform OKEx has recently announced the listing of COMP Governance token. The native token of Ethereum based Compound algorithmic autonomous interest rate protocol is available for spot trading against USDT and BTC since June 29, 2020. Apart from Spot trading, OKEX has also launched Margin Trading and Savings for COMP along with COMPUSDT Perpetual Swap Trading, which is available on its website and API. The support for Compound Protocol is another step in OKEx’s mission to promote the global adoption and use of DeFi applications for…

Kadena Launches Blockchain App to Verify COVID-19 Tests, Token Listed on Bittrex – Blockchain News, Opinion, TV and Jobs

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Kadena, a blockchain project born out of a group of ex-JPMorgan bankers, has released a new app created that can verify COVID-19 tests are not fake — by letting users track test kits using QR codes. Also this week, Kadena’s token (KDA), has been listed on its first cryptocurrency exchange with one of the world’s largest at Bittrex Global, with initial trading pairs including Bitcoin and Tether. “Kadena‘s plan is to use QR codes to track the kits from the manufacturer to the healthcare provider, making it harder to swap…

What is the Cosmos network and ATOM Token?

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What is Cosmos (ATOM)? Cosmos (ATOM) is a decentralized ecosystem of independent blockchains designed to create the next generation of Internet. Almost every crypto project develops its own blockchain. No matter whether Bitcoin, Ethereum or Ripple, the different technologies are usually not compatible with each other. Instead of continuing this trend, Cosmos intends to connect all blockchain projects and develop an Internet of Blockchains (IoB). The different blockchains remain independent of each other, but retain the possibility of communication and the exchange of e.g. data and coins. To achieve interoperability, Cosmos (ATOM) uses a Byzantine…

A New Token Lets You Save on Ethereum Fees by ‘Storing’ Gas

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Ethereum (ETH)’s fees are hard-coded to only be payable in Ether, but a clever trick with smart contracts allows users to effectively pay for gas with a special token, which reduces the total fee they incur. This principle was used by the team behind 1inch.exchange, a decentralized exchange aggregator, to introduce the Chi token. The technology was formally announced on June 5, and it builds on a previous iteration of the concept, called Gas Token (GST). How does it work? Chi takes advantage of a mechanism that refunds gas when…

Overstock’s ‘Digital Dividend’ Dominates Security Token Rankings

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Since airdropping to Overstock shareholders on May 19, Overstock’s OSTKO token has firmly established itself as the leading security token by trade volume. OSTKO currently posts double the 24-hour trade of volume of the former-top token by volume, also ranking as the most-traded security token for the May despite its airdrop taking place with less than two weeks left in the month. Thus far, the digital dividend appears to have successfully met Overstock’s goals. The firm asserted that the airdrop would provide a boost to the liquidity of its security…

OKEx Continues Their Ongoing OKB Token Buyback

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Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. In a June 5 announcement, OKEx announced the start of the eighth and largest buyback of OKB tokens. From March 1 until May 31, the exchange bought and burned over 3.5 million OKB tokens, which at its current price of $5.35, translates to a total value of over $18.7 million. OKEx’s OKB buyback initiative was launched in early May 2019, when there were still 300 million of the tokens in circulation. After this last burn,…

South Korean Crypto Exchange Is First to List Kakao’s Token

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South Korean tech giant, Kakao, listed its Klaytn blockchain-issued Klay (KLAY) token via a local cryptocurrency exchange on June 5. This news follows their launch of a new crypto wallet feature in KakaoTalk earlier the week. After registering over 100,000 users thanks to their new crypto-related features, Tech M reports that Kakao reached an agreement with Coinone to list its KLAY tokens. A Klay-South Korean won pairing is now live trading in one of the top four crypto exchanges in the country. ICOs are still illegal in South Korea The…

Home Seller Sues Buyer Over Payment in ‘Fool’s Gold’ Token

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After attempting to sell her home, California-based psychologist Mary Shea is suing buyer, Mike Cherwenka, for attempting to pay for 30% of the property’s value in the form of a “worthless” crypto asset called ‘Troptions.Gold.’ The dispute has left her unable to sell the home as Cherwenka’s company still claims an interest in it. Shea accuses Cherwenka and his company Best Buy Homes of violating securities and state racketeering laws by misleading herself and other members of the public as to the nature of the Troption virtual currency. Her complaint…

10 Benefits of Security Token Offerings

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One of the recent technology trends which are spreading its wings is the security token offerings. This particular platform is meant for fund raising effortlessly. It is developed in such a way that it can also come up in the place of IPO in no time. The term used in context with blockchain, is basically used in the digital world. This cutting-edge technology is of great help for the traders as well as investors because they can easily plan to trade in this currency by sitting anywhere. Moreover, tokenizing an…