One of South Korea’s top three cryptocurrency exchanges, Coinone, is launching an exchange in Indonesia. Initially, six cryptocurrencies will be supported but the exchange plans to add more coins. Coinone is also launching an airdrop event for 10,000 pre-registrants.
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Coinone Launching in Indonesia
Coinone announced on Monday that it is launching Coinone Indonesia in Jakarta, “making [it] first among the top cryptocurrency exchanges in Korea to enter the global market,” the company wrote.
The South Korean exchange is the third-largest crypto exchange in the country after the Kakao-backed Upbit and Bithumb. Its 24-hour trading volume is $63,140,495 at the time of this writing, according to Coinmarketcap. The company also operates a “blockchain 4D zone” called , with walk-in customer consultation counters.
The CEO of Coinone Indonesia, Alan Song, elaborated:
Coinone Indonesia wants to be the gateway that introduces people to the concept of blockchain and cryptocurrency, and facilitates access for users in Indonesia to have various types of digital assets or cryptocurrencies quickly and safely.
About Coinone Indonesia
According to the company’s announcement, “Coinone Indonesia offers the following six cryptocurrency trades: bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), litecoin (LTC), quantum(QTUM), and shortly thereafter [we] will continue to add other coins according to its high technological standards of examination.” In addition to the aforementioned six cryptocurrencies, Coinone in Korea also supports the trading of ripple (XRP), iota (IOT), and bitcoin gold (BTG).
Pre-registration for Coinone Indonesia begins on April 16 and will last a month; only email addresses are needed. While the new exchange will begin service on May 24 for pre-registered users, it will officially launch in June. The exchange explained:
Foreigners who are not Indonesian nationals can also apply…after the pre-registration period, foreigners need a separate examination process through the passport and non-face-to-face certification process.
There will also be an airdrop event offered to “selected 10,000 pre-registrants,” Coinone noted. “Up to 10 million rupiah (appx. 800,000 won) worth of cryptocurrency will be granted through a lottery of 10 thousand registered customers,” the exchange wrote, adding that an additional “10 free coupons are provided upon completion of the self-evaluation process.”
Specifically, Coinone Indonesia’s website states that the “lucky 10,000 persons who applied for pre-registration will be chosen to get trading fee [of] 0.00% coupon and [the] Qtum Airdrop.”
Last week, news.bitcoin.com that 23 cryptocurrency exchanges, including Coinone, have agreed to self-regulate in Korea.
What do you think of Coinone launching a crypto exchange in Indonesia? Let us know in the comments section below.
Images courtesy of Shutterstock and Coinone.
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Coinbase has completed the acquisition of Earn.com, an app that lets users get cryptocurrency for answering emails and completing tasks. The Earn startup team joins the company and the founder will serve as its first CTO, as part of the deal.
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Coinbase’s Latest Acquisition
San Francisco-based cryptocurrency exchange Coinbase has announced today that it has acquired (formerly known as ). As we reported in the past, the service allows senders to pay users in cryptocurrency to reply to emails and complete tasks. Coinbase CEO Brian Armstrong said: “We’re going to be doubling down on the Earn business within Coinbase, as they have built a paid email product that is arguably one of the earliest practical blockchain applications to achieve meaningful traction.”
As part of the acquisition, Earn’s co-founder and CEO, Balaji Srinivasan, will join Coinbase as the company’s first Chief Technology Officer (CTO). Armstrong that: “As CTO of Coinbase, Balaji will serve an important role as the technological evangelist for the company. Balaji will evangelize for both crypto and for Coinbase, educating the world and recruiting crypto-first talent to the company.”
The companies have not revealed the financial details of the deal but it is estimated to be just above $100 million. This is considerably lower than previous valuations for Earn and caused a push-back from investors, this according to Silicon Valley media .
Token Launch Put on Hold
Asiff Hirji , Balaji Srinivasan and Brian Armstrong
For its part, Earn explained today to its users that it is not ”going down” or drastically changing just yet. In fact, they promised that the product is only going to get “bigger and better” as a consequence of this deal. The company reports that hundreds of thousands of users have earned digital currency with Earn so far, earning millions of dollars.
The team wrote today that “everything will continue as before in the short term, with one exception: we’ve put our token launch on the back burner and will instead focus on integrating with Coinbase’s infrastructure and scaling up our service. You might be able to guess what this will enable, but stay tuned anyway as you might be surprised!”
What bitcoin startup should Coinbase snap up next? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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To promote the launch of the first feature-full blockchain-based e-commerce and e-payments platform, BCShop.io announces huge community development campaign which will consist of several different activities and reward pools.
Token Holders Promotion
This promotion is dedicated to our early token holders who obtained BCS tokens before actual mainnet release thus helping to make BCShop.io platform into reality. We will make ALL token holders snapshot at 15th of May 2018 and 200k tokens will be reserved for distribution between those token holders in the snapshot. Tokens will be rewarded proportionally to token holdings so 200k tokens will lead to ~60% reward given the current circulating supply of 332k tokens.
Note: It is obligatory for you to qualify for the reward. We ask you to write your feedback about BCShop.io platform (after mainnet release) in a free form at and send it to bounty@bcshop.io, don’t forget to specify your wallet address with BCS tokens. The qualification process is conditioned by regulators recommendations and team’s adherence to Customer Development approach. Your valuable feedback will be used to improve the platform and deliver better experience to all its users.
We will start sending rewards weekly after mainnet release and there will be no set deadline so feel free to qualify at your convenience. Sharing your personal experience in social media networks is very much appreciated.
Be sure that you hold tokens on personal wallets, exchange wallets are not supported.
Airdrop Campaign
10k tokens will be distributed for 1000 members randomly chosen from those who qualified. To qualify, follow instructions in bounty campaign channel: .
We will determine 1000 people to receive 10 BCS tokens each with the help of random.org website. For the process to be transparent, fair and verifiable, we will use the hash code of the first Ethereum block mined after 1:11 AM (UTC) 1st of June 2018 as a persistent random seed. Thus, every participant of the airdrop will be able to verify winners’ sequence itself.
We will start sending BCS tokens to its’ new lucky holders right after winning sequence is generated, June 1st.
Bounty Campaign
Bounty campaign fund of 100 ETH will be distributed between social media influencers. The following content will be accepted:
– Video review of the BCShop.io platform
– Video or text (with screenshots) introduction of BCShop.io platform
– Other content featuring BCShop.io, comparing it to other blockchain based competitors, introduction of BCS token functions, etc
Non-speculative content is expected, with actual observations of the platform’s functions and token usage after mainnet release.
To apply for the bounty campaign, send us your introduction to bounty@bcshop.io. We will carefully consider all applications and choose several candidates to cooperate with.
About BCShop.io
BCShop.io project aims to reinvent the way digital commerce and payments work today. Focusing on digital goods and services area project’s goal is to enhance it with fast-growing opportunities blockchain technologies and cryptocurrencies have to offer. In January 2018 BCShop.io hit hard cap of 2000 ETH at its token sale.
Contact Email Address
bounty@bcshop.io
Supporting Link
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