Moneybrain has declared the launch of an asset-backed crypto token. The company is aimed at instilling trust in crypto with the creation of BiPS token. The BiPS token is developed in association with JustUs which is said to go live in the succeeding year. The tokens would be released on a private pre-sale.
As the demand for gold-pegged cryptocurrency shows a significant increase, BitGo has added Digix’ gold-backed digital token (DGX). The CEO of Digix, Kai C Chng explained, “Having this integration places DGX on an industry recognized platform and would be a springboard for DGX to be listed on other major exchanges as we head into Q4 2018.”
The Royal Mint has turned down the decision to launch the gold-backed crypto token in association with the CME Group. The halt of the project called Royal Mint Gold (RMG) reveals that the government does not want to enter the crypto world. A source also confirmed, “CME’s management changed, and they walked away, didn’t want to get involved.”
A tennis star, Caroline Wozniacki has successfully partnered with the Global Crypto Offering Exchange (GCOX) to release personalized cryptocurrency tokens this year. According to the report made by Reuters, Wozniacki has commented, “To be the first female athlete to have her token is really cool… I am looking forward to expanding that before other people start getting into it.”
Manny Pacquiao, a boxer, is to introduce his own cryptocurrency at a blockchain event scheduled to happen on 11th and 12th October in Manila. The PAC token is powered by the GCOX (Global Crypto Offering Exchange). The crypto tokens could be utilized for the purchase of exclusive tickers, merchandise and for other services.
Audius, music-based blockchain firm, is developing a decentralized platform to help artists to control their intellectual property. The company is to come up with a white paper. Audius would be unveiling two tokens namely, ‘Loud’ for conducting transactions and ‘Audius’ as a governance token. Both the creators and listeners on the platform would have access to the tokens.
The Juventus Football Club has associated with the Socios.com crypto platform for the launch of Juventus crypto token. The token would be distributed through the Fan Token Offering (FTO) on the Socios platform against the $CHZ token. The Co-Chief Revenue Officer of Juventus stated, “At the Club, we are always very careful and pro-active towards innovation and new technologies.”
The ABBC crypto exchange announced the development of ‘Community Vote to List Scheme’ aimed to provide users to choose from various digital asset investment opportunities. To take part in the community voting, the users would have to deposit the project coin to the deposit address. The exchange would list the coins that were successful at the voting round.
The KuCoin crypto exchange has listed LOC token, the transaction token of Locktrip project. The Locktrip is a blockchain integrated decentralized platform aimed at resolving issues connected to rental bookings. The KuCoin exchange began to support deposits of LOC tokens against Bitcoin and Ethereum while the purchase and sale of the token are to begin sooner.
The Union Bank based in Liechtenstein has declared the issuance of its own security tokens called Union Bank Payment Coin (UBPC) and in-house cryptocurrency backed by fiat currency. The Union Bank Payment Coin is the security coin backed by Swiss Franc. The security coin has the potential to transform the international trade and international cross-border transactions.