Korea, with its 50 million population, is one of the most active market in terms of blockchain and cryptocurrency industry as well as investment in the world. Continuing the nationwide investment fever in cryptocurrency, top-ranked Korean enterprises from various industries intend to accelerate the blockchain market in Korea.
No.1 social network platform Kakaotalk invested in Upbit and established the Kakao Blockchain Lab; Game industry giant Nexon took over a digital exchange Korbit; Samsung launched a blockchain platform, Nexledger. Korea’s giant economic & financial media Group MTN [Money Today Network Inc.] also turns to blockchain and cryptocurrency industry, planning to co-organize an international blockchain summit “CHAIN PLUS+” from 23 January, 2019 to 24 January, 2019.
Korea MTN Group [Money Today Network Inc.] founded in May 2001, owns an authentic economy cable channel “Money Today”, mainly targets in finance, stock market, market analysis, real estate and other news related to financial area. It is one of the most trusted financial media in Korea, and is recognized as a pioneer media in Korean.
Chainers Inc, co-established by Vision Creator, a top-tier traditional financial advisor and VC in Korea, and The Blockchainer, No.1 Chinese Blockchain ecosystem builder, incubating and accelerating global&domestic Blockchain projects worldwide. So far, Chainers has provided successful business solutions for prominent Blockchain projects such as AE, Terra, ONT, Bumo.
As 2-days summit during the 2nd Annual CHAINERS Blockchain week, CHAIN PLUS+ focuses on topics Blockchain empowering substantial economy, which aims to build a bridge between blockchain projects and local enterprises and a creative win-win platform for participants in this ecosystem.
Relying on its long term reputation with a great social influence, MTN will invite officials from layers of government, congress, and giant firms in Korea. Meanwhile, with the great support from Korean Blockchain Association and top-tier developer communities like KBIP Lab, Decipher, and POSTECH, Chainers will have over 25% of leading developers in Korea attending the conference. On top of that, top 10 Blockchain Youtubers and 30 KOLs [Naver bloggers] will be the feast in the Chain Plus+ Summit. All in one, one for all.
Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June
Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, a researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book.
The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin.
Evan Kuo, CEO, and founder of Ampleforth said,
“We see Amples as having a near-term utility that naturally dovetails into a much bigger vision, and I can’t wait to see it unfold. The Bitfinex and Ethfinex user communities are among the best in the industry, and we are excited to work alongside the Tokinex team for Amples’ exchange debut.”
Ampleforth’s protocol receives exchange-rate information from trusted oracles and propagates that to holders of Amples by proportionally increasing or decreasing the number of tokens each individual holds according to the magnitude of the exchange rate fluctuations over the previous 24 hrs.
For traders, these changes in the exchange rate and quantity translate into changes in Ample’s market capitalization. Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce an asset price with lower correlation to Bitcoin than other digital assets.
Jean-Louis van der Velde, CEO at Bitfinex, stated
“The Ampleforth project is fascinating to us with its refreshing vision to become a unique digital asset and serve as a potential future reserve currency. We believe it can provide a unique volatility profile, uncorrelated to other digital and traditional assets. This uncharted territory makes Ampleforth, and the team behind it, the perfect first project to list on Tokinex and we are excited to provide an opportunity for the community to be a part of it.”
Paul Veradittakit of Pantera Capital said,
“Ampleforth is interesting because there’s not another asset like it, so it will likely not be correlated with other large-cap cryptocurrencies. With more traders and enthusiasts entering the ecosystem since the last rise, there needs to be an option like AMPLs, which could reduce the risk for the entire space, and potentially attract more institutional interest.”
Ampleforth is a digital asset protocol for smart commodity-money funded by Brian Armstrong, True Ventures, Pantera Capital, and Slow Ventures. For more information, please visit our website.
Launched in May 2019, Tokinex is the IEO platform of Bitfinex and Ethfinex that brings fair opportunity to participate in curated token projects. It gives qualified participants the chance to contribute to pre-vetted token sales directly from their personal wallet through common crypto assets, and with no personal data or funds held by the exchange.
Tokinex uniquely does not require tokens to pay an upfront fee for listing and following a successful capital raise are subsequently listed on the two exchanges as permitted by applicable law.
For further information please contact.
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