‘Game yet to begin’ for security token offerings, INX exec says
The current crypto bear market had no direct impact on the STO platform INX because STOs are “very different from others in the space.” Despite some of the first security token offerings (STO) launching at least four years ago, the STO industry is still yet to take off, according to an executive at the INX cryptocurrency trading platform.The STO industry is still nascent compared to the overall digital asset industry as companies and individuals are just getting into the field, INX’s chief business officer Douglas Borthwick said in an interview with Cointelegraph.According to Borthwick,....
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The new Bitfinex STO trading platform is now ready to operate in Kazakhstan. It will allow investors access the tokenized securities and blockchain-based equities. Popular Bitfinex cryptocurrency exchange has announced its plans to launch a trading platform that focuses on STOs (Security Token Offerings). Bitfinex recently announced that they scheduled the new platform to operate in compliance with Kazakhstan financial laws. This is in line with the provision of (AFSA) Astana Financial Services Authority. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC....
PRESS RELEASE. EVT (Encrypted Variable Token) is said to be the upgraded version of NFT (Non-Fungible Token) and will eventually replace NFT soon for creatives. Is this possible? Here is an insight into how the backbone tech of these tokens works.
What is NFT? (Non-Fungible Token)
A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of a distributed ledger. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.
An NFT is a spreadsheet....
Crypto research firm, Messari says new Defi token offerings or initial dex offerings (IDO) are a reincarnation of initial coin offerings (ICO) and warns average investors to steer clear these. The firm notes that several early participants of IDOs are the ones that typically make off with outsized returns, while others are left deeply in the red. For the rest of the participants, Messari suggests it is better to wait for the market to settle on a price before buying. In a Twitter thread on September 28, the research firm explains that IDOs, which are “conducted on automated market....
Backed by AC Ventures, God Temple features the artwork of celebrity artist Pat Lee, who did stints for DC and Marvel comics God Temple, an NFT game, is launching its token sale on 2nd August on Balancer Liquidity Bootstrapping Pool, and introducing the “play-to-earn” model utilizing its native token MYTH and the game token SOUL. […]
The security token offering enables investors in select EU countries to share in future profits, Exordium says.