Initial Exchange Offerings: The Benefits and Limitations

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Initial Exchange Offerings: The Benefits and Limitations
In this article, we want to in-depth explain the benefits of IEO for your business and its limitation. Nonetheless, to give ultimate tips on how to run a profitable IEO project.
Initial Exchange Offerings: The Benefits and Limitations

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Source: CoinSpeaker

CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy
CoinMarketCap Data Accountability and Transparency Alliance has already been joined by Binance, Bittrex, OKEx, Huobi, Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC and Bitfinex.
CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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Source: CoinSpeaker

OKEx beats Binance in terms of daily transaction volume; Maltese exchanges continue to soar

For the second straight month, cryptocurrency exchanges based in the touted “blockchain haven” of Malta have topped the average daily transaction volume list. OKEx and Binance, the most prominent exchanges in the island country are present in the top three once again.
The analysis was compiled by the cryptocurrency analytics firm CryptoCompare in their March 2019 exchange review which saw the two aforementioned exchanges interchange spots in the crypto-to-crypto exchange list, based on average daily volume. March saw a significant rise in transaction volume with the two exchanges recording over $790 million in average daily volume.
Between the two exchanges was ZB, the Chinese exchange which many have speculated, in the past, to have reported incorrect volume. In the January 2019 exchange review by CryptoCompare, ZB beat both Binance and OKEx, but fell short in the following two months.
OKEx was the only exchange in the crypto-to-crypto category to record average daily volume of over $1 billion and post a monthly volume of over $31 billion. Binance, taking the third spot, recorded an average daily volume of $797.5 million, with the total volume for March accounting to just under $25 billion.
The volume of the exchanges in March inclined considerably compared to the previous month, with no exchange breaking even the $700 billion ceiling in February. Binance took the top spot in the second month of the year, with an average daily volume of $676.98 billion, while OKEx trailed in the third spot, accounting for $601.23 billion, in the same period.
Given the regulatory hassle of most economically strong countries, cryptocurrency exchanges have sought to operate in regulatory-lax environments. Financial havens like Malta, Samoa, Hong Kong, Vanuatu, the Cayman Islands, Mongolia, and Seychelles have several exchanges, evidenced by their soaring average daily volumes.
In terms of fiat-to-crypto exchanges, the monthly-volume list remains fairly consistent, with the top-3 not shifting. Bithumb, Upbit, and Bitfinex, retained their spots from February to March, accounting for $1.04 billion, $233.32 million, and $100.95 million average daily volume, respectively.
Source: CryptoCompare
With OKEx and Binance taking the first and third spots for two months in a row, it bears no surprise that Malta tops the list in terms of trading volume by jurisdiction. It should be noted that March saw a massive increase in total monthly volume, with Malta alone accounting for over $55 billion, compared to its February volume of under $40 billion.
Following Malta is Hong Kong, home to top exchanges like LBank and HitBTC. Other prominent crypto-havens mentioned in the list are South Korea, Estonia, Singapore, the United States, and the British Virgin Islands.
However, OKEx topping the charts should be taken with a grain of salt considering the fake volume reports that have been raising concern in the market of late. The first report spelling out the above was from The Tie, which suggested that only 5.94 percent of the exchange’s expected volume matched their reported volume. Binance accounted for 78.82 percent of the same, based on The Tie report.
The next ground-breaking report from Bitwise Asset Management highlighted only ten exchanges that reported “real volume”. Binance was included in this list of ten exchanges, while OKEx was not.
The post OKEx beats Binance in terms of daily transaction volume; Maltese exchanges continue to soar appeared first on AMBCrypto.
Source: AMB Crypto

Tron Launched Its Version of USDT Predicting Massive Bull Run

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Tron Launched Its Version of USDT Predicting Massive Bull Run
Tether issued USD-pegged stablecoin USDT on TRON blockchainm like an upgrade from the OMNI protocol based USDT, which now allows to hold and transfer via smart contract on TRON both with a completely free and transparent process.
Tron Launched Its Version of USDT Predicting Massive Bull Run

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Source: CoinSpeaker

Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now
As IEOs are becoming more and more prevalent holding the potential of replacing ICOs as the most popular fundraising model, you might ask “which are the ones worth watching?”. Here’re three IEO projects you should keep an eye on right now.
Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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Source: CoinSpeaker

#delistbsv: Kraken Joins ShapeShift, Binance and Others Saying Goodbye to Bitcoin SV

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#delistbsv: Kraken Joins ShapeShift, Binance and Others Saying Goodbye to Bitcoin SV
Kraken will disable BSV deposits on April 22, trading will be ceased for all trading pairs on April 29th and, finally, withdrawals will be disabled on May 31st.
#delistbsv: Kraken Joins ShapeShift, Binance and Others Saying Goodbye to Bitcoin SV

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Source: CoinSpeaker

Blockchain Wallet, ShapeShift to Delist Bitcoin SV, Kraken Considers Joining the Bandwagon

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Blockchain Wallet, ShapeShift to Delist Bitcoin SV, Kraken Considers Joining the Bandwagon
After crypto exchange Binance’s decision to delist Bitcoin SV (BSV), anonymous exchange ShapeShift has also decided to drop the cryptocurrency, with Kraken considering to follow suit.
Blockchain Wallet, ShapeShift to Delist Bitcoin SV, Kraken Considers Joining the Bandwagon

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Source: CoinSpeaker

OKEx Denies BSV Delisting While Major Exchanges Already Delisted – Here’s Why

While major exchanges already delisted BSV from their trading platforms, OKEx is one odd out in crypto space. The exchange recently announced that they have no intention to delist BSV because the ‘present controversial currency’ doesn’t meet OKEx’s delisting criteria.
OKEx is One Odd Out
The controversy around ‘Satoshi’s identity as Craig Wright’ led major exchanges to delist BSV from their trading platforms. As such, Binance CEO warns and took initiative to delist BSV, the suit is then followed by other exchanges including Shapeshift, and Kraken is all set to walk on the same footprints. However, the case for OKEx is quite different.
Source: Twitter
The exchange released a new blog post entitling ‘Regarding Bitcoin SV Listing’ and states as follows;
OKEx has conducted a rigorous review on BSV in terms of technology development, liquidity, and compliance reads Blog. According to the OKEx Token Delisting and Hiding Guideline, BSV currently does not meet our delisting criteria. As such, OKEx has no intention to delist BSV for the time being.
Is Upcoming BSV Based Exchange the Reason?
OKEx’s BSV support amidst increasing controversy is closely connected to exchange’s earlier announcement of launching ‘BSV centric exchange’. As Coingape reported, the exchange entered into the partnership with ‘Jack C. Liu’, a crypto-entrepreneur to launch a new exchange dedicated only to BSV cryptocurrency – as such it will be called as ‘Float SV exchange.
Although OKEx doesn’t connect Float SV with its support to BSV currency in its blog– rather, it mentioned the reason behind constant support is ‘token delisting criteria’. Nevertheless, according to OKEX, BSV is doesn’t fall under their delisting guidelines. You can check with OKEX’s token delisting guidelines here
Conclusively, the exchange notes that it respect the efforts of all dedicated team that enlighten technology underlying Bitcoin. Indeed, it meant with BSV team and reads that
As a neutral platform, OKEx respects the efforts of all dedicated teams in advancing the technology of Bitcoin and has no inclination to certain technical directions.
What’s your stake on OKEx’s support to controversial cryptocurrency? Do you think the exchange is bound by its former announcement of Float SV exchange (Based on BSV cryptocurrency)? Let us know in the comment below
Featured Image source – OKEx Twitter 
The post OKEx Denies BSV Delisting While Major Exchanges Already Delisted – Here’s Why appeared first on Coingape.
Source: CoinGape

OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

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OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange
OKEx plans to catch up with Binance by scheduling the launch of its in-house decentralized exchange, DEX, for this June. The DEX will run entirely on OKEx’s own blockchain.
OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

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Source: CoinSpeaker

Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange

Okex and Huobi Global have added support for USD Tether pegged to the US Dollar built on Tron. Tron Foundation built the ‘stable coin’ collaboration with Tether. Currently, the two Exchanges support three stable coins markets USDT-Tron (TRC20), USDT-OMNI, USDT-ERC20 (Ethereum). The token will be launched on 30th April 2019 on the Okex and Huobi Global Exchanges.
According to the press release by Okex:
In order to meet users’ demand for stablecoin trading, OKEx will support USDT-TRON, the TRC-20 based USDT token co-developed by TRON and Tether, as well as the airdrop for USDT-TRON holders.
…It has a TRON deposit address and uses the TRON network for depositing and withdrawal.
Rewards for Early Adopters and Tron’s Growth
The annual percentage return (APR) of the USDT-TRON token has been designed to give out rewards for its early adopters. The initial APR is 20% which will, however, reduce with time. Nevertheless, the program is supposed to roll out investments for a total of 100 days. The total amount of incentives will be $20 million. The incentives will be rewarded in USDT-TRON only.
Justin Sun has implored the users of the Exchanges to adapt to swap from USDT-OMNI – USDT-TRON.

#Hodl USDT-TRON to earn initial 20% APR in USDT-TRON. 100 day campaign. $20M initial budget no hard cap. Just sayin'. 😎 $TRX $BTT pic.twitter.com/jyo7QcrtbE
— Justin Sun (@justinsuntron) March 21, 2019

The Stable coin will be available on major exchanges, and the reward programs are lucrative. Therefore, the number of transactions on the Tron Network would increase significantly. Tron has built a vibrant ecosystem for Dapps and issuing digital asset. The move will foster the growth of Tron. It will also help the exchanges take advantage of the transaction capabilities of Tron which is considerably cheaper than Ethereum currently.
The returns proposed by ARP are highly lucrative. Will you swap your stable coins to earn the rewards? 
The post Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange appeared first on Coingape.
Source: CoinGape

Bitcoin and Cryptourrency Exchanges’ Reported Trading Volumes Found Fake

Independent research conducted by TIE, developed in partnership with Social Market Analytics suggests that 59% of the exchanges have falsified their trading volume data by more than 90%.
The Research Parameters and Technique Implemented

5/
The chart below shows reported trading volumes per exchange vs. monthly web visitors. While exchanges like #Kraken, #Binance, and #Coinbase show similarities between viewership and trading volume, others like Coinbene and ZBG have suspiciously high reported volume vs. views. pic.twitter.com/7Q0jBRNj9Y
— The TIE (@TheTIEIO) March 18, 2019

The organization made a comparison between the website viewership metric and the reported trading volume on exchanges. Furthermore, when they calculated the amount of money per user in the Exchanges, they found considerable discrepancies in the records.
For Example, while Binance reported $750 traded per visit, DOBI reported a whopping $356,625
Furthermore, an average of $591 per visit was estimated on websites like Binance, Coinbase, and Bitfinex.
We selected these exchanges because of large usage among institutions, reputation within the market, and because their web viewership appeared consistent with their reported trading volumes.
This estimated formed the benchmark for test on other exchanges as well. Surprisingly, more than 75% of the Exchanges reported trading volumes double of what is expected.
The total estimated suspicious volume on the exchanges is 87%.

13/
If each exchange averaged the volume per visit of CoinbasePro, Gemini, Poloniex, Binance, and Kraken, we would expect the real trading volume among the largest 100 exchanges to equal $2.1B per day. Currently that number is being reported as $15.9B. pic.twitter.com/jZzezJMmKk
— The TIE (@TheTIEIO) March 18, 2019

Exchanges to trust
According to the report Exchange which maintained parity with the reported trading volume and expected trading volume are Binance, Bitfinex, Coinbase, Kraken, Bitstamp, Gate.io, Bittrex, Gemini Poloniex, Coindeal, and so on.
The research was conducted on over 100 exchanges. Since 75% of them were found of falsifying data, the trust and support for these exchanges are sure to grow in the future.
Exchanges not to be trusted
While Okex is currently ranked one on coinmarketcap.com‘s list of exchanges according to trade volume, the report suggests that more than 90% of the data on Okex might be suspicious. Other popular Exchanges that made the red or caution list were Bit-z, Coinbene HitBTC, bw.com, Coineal, LBank, Bibox, and so on.
Need for Regulation
The report by TIE not only brings ominous news to the crypto-community but also revisits the need for regulation of Exchanges. While the largest economies of the world have cracked down on some cryptocurrency based platforms, some exchanges continue to gain limelight by falsifying volume data; an unethical practice.
A revelation of this kind can hurt the price of Bitcoin and other cryptocurrencies adversely. However, the unreported volumes of OTC trade around the world buffer the effect of false amounts reported on Exchanges.
The post Bitcoin and Cryptourrency Exchanges’ Reported Trading Volumes Found Fake appeared first on Coingape.
Source: CoinGape

LATOKEN Exceeds OKEX by not Bounced Monthly Traffic Volume

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LATOKEN Exceeds OKEX by not Bounced Monthly Traffic Volume
As soon as SimilarWeb’s analytics has revealed its February report, there is a big field for traffic volume comparison among competitors.
LATOKEN Exceeds OKEX by not Bounced Monthly Traffic Volume

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Source: CoinSpeaker

Okex Announces the Launch of its IEO; Will Inevitably Challenge the Decentralised Exchanges in the Future

Okex has announced the launch of its Initial Exchange Offering for its users: Ok Jumpstart. The IEO of exchange will help new projects and blockchain based projects to launch their tokens on the exchange.
According to their blog post:
By saving the time and resources for getting listed on exchanges, project teams will be able to focus on project development and community management.

We'll be launching #OKJumpstart very soon. Do you know what is an #IEO? https://t.co/AHDlYbZBnu
— OKEx (@OKEx) March 13, 2019

How is an Exchange Offering Different from an ICO?
While the exchange will continue to administer the working of the ‘Exchange tokens,’ an independent, autonomous team is designated the job of working on the Exchange Token.
Furthermore, the Exchange Offering is exclusively open for the exchange users only. While this creates an ambiguity as the exchange is open to the public. However, it gives assurance of KYC and AML compliance along with trust protection to the token holders.
         IEO vs ICO
The exchange reaffirms that an exchange offering is entirely different from an ICO as the exchange is a tangible running model, rather than an idea on a whitepaper. Hence, the chances of it performing, in the long run, are higher.
“Instead, the exchange is risking their credibility when doing IEOs, since it has no control over the IEO project team’s operation and product delivery as promised in the latter’s white paper… This provides an extra layer of protection to contributors.”
Also Read: Bittrex Hosting First Initial Exchange Offering (IEO), Is It Similar to Binance Launchpad?
Furthermore, Exchange Offerings can increase the degree of decentralization for an exchange. It is established as the order books, and the Exchange Token decentrally regulates exchange controls. Moreover, the Exchange acts as physical administrators of the token and the exchange. Hence they can also take immediate action during unforeseen circumstances. The new age exchange offerings from Bittrex and Okex will inevitably compete with Decentralized Exchanges in the future.
The post Okex Announces the Launch of its IEO; Will Inevitably Challenge the Decentralised Exchanges in the Future appeared first on Coingape.
Source: CoinGape

Tron [TRX] adds another feather to its cap as coin gets listed on OKEx’s Customer-to-Customer platform

Tron [TRX]’s approach towards mainstream adoption is paved by its multiple developments and tie-ups with different cryptocurrency organizations. The Justin Sun-led cryptocurrency enjoyed some success this year, on the back of the latest hard fork and the Tether [USDT] partnership.
The latest Tron update was announced by OKEx, the popular Malta-based cryptocurrency exchange. It announced that Tron will be listed on OKEx’s Customer-to-Customer market. Justin Sun, the CEO and Founder of the Tron Foundation tweeted,
“#TRX is now available on @OKEx C2C market, #TRONICS can trade $TRX fiat trading pairs TRX/CNY, TRX/VND, TRX/GBP, TRX/RUB, TRX/THB. Go #TRON.”
He also said,
“I am proud to announce that Tron will be listed on OKEx from March 11th. I have full confidence in the platform and I hope that fans and users of the cryptocurrency enjoy trading and conducting transactions on the platform.”
Tron was also in the news recently when the Tron-acquired BitTorrent revealed its new incentives program to increase adoption within the cryptosphere. The plan was to rope in BitTorrent’s 1 billion-plus users and integrate them into the Tron network. BitTorrent had announced,
“To keep growing the #BitTorrent community and make #blockchain accessible to most people we are unveiling three new incentive plans available to our users, partners, and the clients using our protocol!”
The incentives were in three forms: User incentives, Partner incentives, and Ecosystem incentives. The User incentives were planned to educate people about adding more investors and maintaining a steady pace of adoption. Partner Incentives targeted Tron’s tie-ups with cryptocurrency exchanges such as Binance, Huobi, and Gate.io. Ecosystem Incentives, as the name suggests, is a directive put forth by BitTorrent to reward customers who use their protocol with perks and advantages.
OKEx also enjoyed a good start to the year, as it added major cryptocurrencies such as XRP and Ethereum to its roster. In an official release, OKEX stated,
“OKEx C2C trading platform aims to provide a convenient and accessible way for public to better understanding of the application of digital assets and blockchain technology. The platform facilitates the trades between users by offering a low-volatility market and zero transaction fee.”
The post Tron [TRX] adds another feather to its cap as coin gets listed on OKEx’s Customer-to-Customer platform appeared first on AMBCrypto.
Source: AMB Crypto

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

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TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

The new feature for TrueUSD users will be available through the real-time dashboard developed independently by Armanino. The launch is set to take place in April.

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

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Source: CoinSpeaker