ProBit Exchange to add a large number of new coins as other exchanges close up shop.
Leading cryptocurrency platform ProBit Exchange will be conducting a large scale listing effort in order to provide an alternative for trading cryptocurrencies following the recent shutdown of several local exchanges in South Korea. ProBit Exchange will list a total of 41 coins against Korean Won [KRW].
Korean-based cryptocurrency exchanges Coinnest and Trebit have announced their pending closure. Coinnest was already reeling from a legal scandal involving one of their executives and cited regulatory and business factors as other catalysts behind the upcoming closure on June 30.
Trebit took a hit from voice phishing incidents and also cited a failure to open bank accounts between the exchange and its investors as another factor behind its decision to officially shut down May 15.
With investors scrambling to pull their assets out of the exchanges before closure, ProBit Exchange has announced that they will list many of the coins available on Coinnest and Trebit along with 26 other new listings based on another crypto exchange, to allow users to retain access to their trade pairings.
Along with their rapidly growing offering of listings and trading pairs, ProBit Exchange has also attained global recognition for their IEO services which have been critical in helping projects like Steemhunt, Linix, and Spin Protocol achieve massively successful campaigns.
Probit Exchange’s IEO track record continues to grow with several new additions on deck for the coming weeks. Probit Exchange Director of Partnerships Ronald Chan has shared that the wild popular exchange platform now receives more than a hundred applications for IEO every month. “Probit Exchange is always excited to speak to new projects, and assist them in fundraising, local marketing and liquidity through listing”, shared Ronald Chan.
- Listening Mind [24 May 2019 to 8 Jun 2019]: Listening Mind will be the premier debut for the ProBit Exchange Launchpad following the success of their IEO campaigns. Launchpad will help accelerate fundraising for the numerous projects that continually seek out the successful services and competitive packages offered by ProBit Exchange. Listening Mind provides highly detailed and specific data behind consumer activity in order to help businesses enhance marketing campaigns and expedite the purchasing cycle. By democratizing user-centric data such as history, demographics, and purchase history, this will remove the current information monopoly and allow free access to the consumer database. View all IEO details here.
- Azultec [20 – 22 May 2019]: Azultec is a reverse IEO, which provides a solution to the ever-growing needs for computing and processing power through their energy efficient solutions. Their products include the Render-Master and the azultec-cube, both of which run on renewable energy to provide a variety of users with top-notch rendering, cloud storage, cloud computing, and many other services. View all IEO details here.
- Explorecoin [21 – 31 May 2019]: Explorecoin will provide a seamless solution to simplify traveling and provide users with a new level of convenience in terms of setting up an itinerary, securing accommodation reservations, and many other aspects of travel directly on their proprietary using their proprietary TravlrFeed platform. Tokens will be rewarded to users leaving verified reviews that will be exclusive to TravlrFeed. View all IEO details here.
- TranslateMe [22 May – 18 Jun 2019]: TranslateMe is a distributed translation ecosystem powered by Neural Machine Translation [NMT] in order to provide collective translation service and compensation platform. Their service will establish a competitive cost structure for end users by decentralizing and also provide advanced API mechanisms for real-time translation needs. View all IEO details here.
- Biido [27 May – 1 Jun 2019]: Biido provides a cryptocurrency trading platform to give crypto asset owners a seamless environment capable of quick transaction processing. Trading on the platform doesn’t incur a transaction fee as is common with other exchanges and Biido also facilitates high liquidity for investors. View all IEO details here.
- Jobchain [28 May – 1 Jun 2019]: Job services platform Jobchain provides easy access to connect both job services and needs. JOB tokens will allow for the quick acquisition of various services while facilitating quick payment along with highly specific tools to help users locate appropriate service providers. View all IEO details here.
About ProBit Exchange
ProBit Exchange is a global cryptocurrency exchange. ProBit Exchange boasts order matching the speed of over 1.5 million orders per second, superb security supporting hardware security keys and a customizable user interface.
ProBit Exchange has also introduced new features such as introducing PROB staking on April 30 for users to earn discounted trading fees, a referral program that provides 10-20% in further transactions fee savings, as well as an app that is currently in beta testing for pending release.
IEO at ProBit Exchange
ProBit Exchange is able to support an IEO with more than 5 currencies, multiple sales round, different bonus rates, and various lock-up structures. Probit Exchange has completed almost 40 rounds of IEO, raising millions of dollars. Probit Exchange is the one stop shop for crypto startups looking to do fundraising, local and global marketing, and liquidity provision through the listing.
For more information on running an IEO at ProBit Exchange, please send an email.
BitMax.io [BTMX.com] Announces Listing of Standard Tokenization Protocol [STPT]
BitMax.io [BTMX.com] has announced the listing of STPT, the native token of Standard Tokenization Protocol, a decentralized network for the tokenization of an asset.
Trading for the STPT/BTC and STPT/USDT pairs will be enabled on Tuesday, June 25th at 10:00 am EDT.
As part of the listing collaboration, the BitMax.io team will provide strategic support to the STP team throughout the platform launch.
Dr. George Cao, Co-Founder & CEO of BitMax.io, stated,
“STP is a necessary project for the overall space. Their focus on unlocking value and building an ecosystem of high-quality assets in this industry made our decision to list them very easy.”
With the listing of STPT, BitMax.io will strengthen its leading trading platform status by continuously adding solid projects, as well as provide more diversified global exposure to the Standard Tokenization Protocol.
About Standard Tokenization Protocol and STPT
Standard Tokenization Protocol’s STP-Standard is an open-source standard that defines how tokenized assets are generated, issued, sent, and received while complying with all necessary regulations. The protocol allows assets of all kinds to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any ERC20 platform.
Tokens built on top of the STP-Standard will use the protocol’s on-chain Compliance Validator to verify compliance with relevant regulations [i.e. KYC, AML, Accreditation, etc.] as well as any issuer-specific requirements [i.e. ownership concentration, holding periods, voting]. The Validator Committee will serve an advisory function to ensure the Compliance Validator is enforcing the most up-to-date legislation at all times.
About BitMax.io [BTMX.com]
BitMax.io is the industry’s next-generation digital asset trading platform that provides a broad range of financial products and services to both retail and institutional clients across the globe.
This innovative trading platform was founded by a group of Wall Street quant trading veterans and built upon the core values of blockchain, transparency, and reliability, to deliver high-quality client services and trading experience.
BitMax.io always strives to provide its global users with a comprehensive set of trading products. BitMax.io enabled margin trading on Feb. 14th, 2019. The margin trading function is another step forward from a product-offering perspective to better serve their dynamic trading needs.
For BitMax.io users who understand and acknowledge the risks involved in margin trading, they are now able to leverage their tradable asset for a potential higher return on investment through margin trading with sound risk management. The list of digital assets that can be traded on margin has increased from the initial four to 18 different tokens, even including BTMX.
It’s another pioneering move for BitMax.io to enable margin trading in its own native token. It expands the utility functions of BTMX, and incentivizes liquidity on the platform. [The margin trading function of BitMax.io is not available for North American markets.]
Similar to the innovative margin trading launched on BitMax.io, the introduction of this unique Volatility Card has again showcased the team’s deep understanding of the inner working of the capital market and their advanced expertise in financial product design.
BitMax.io Volatility Card is the first volatility-linked derivative product of this platform that allows global users to forecast and trade off price fluctuation of underlying major coins during preset time windows in a simple yet effective way. Named as Turtle and Bunny Card after Aesop’s fable – the Tortoise and the Hare, the card has a quasi-option structure for underlying trading pairs yet largely simplified payout form. Users can purchase a different card for the prediction of price movement either within a certain range [Turtle Card] or above a certain range [Bunny Card].
Those who predict the correct range of price movement will receive the payout equivalent to the notional value of the card. Volatility Card uses a simplified payout form without the complication of settlement and clearing issues common for real currency options. Users just simply select which card to purchase to trade on their view of the volatility of underlying asset either within or above a certain range.
It is easy to understand and use for all types of traders with the need for either very short-term momentum trading or partial risk hedging against outsized price swing in very volatile market conditions.
BitMax.io has experienced significant growth since its launch in 2018 and is deeply committed to providing a high-performance, client-centric trading platform to its global client base. Currently, the platform has over 180,000 registered users, with over 53,000 active community members. The listing of STPT not only broadens its trading pair scope but also helps to attract more volume and users to the platform.
For more information, follow BitMax.io on: