Cryptocurrency Short News

Coincheck To Launch IEO To Raise Funds Via Utility Tokens

Written by: Nidhi Kolhapur

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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Aug 23, 2019

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Coincheck, Japanese cryptocurrency exchange, revealed on Thursday, its intention to launch an initial exchange offering (IEO) platform. This is basically to raise funds through utility tokens. Coincheck suffered a $530 million hack in January 2018. Also, the Japanese online brokerage Monex Group acquired it for $33.5 million in April of that year. 

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IEO is gaining attention and ensures more reliability as a method of securing funds. Already 12 cryptocurrency exchanges, including OKEx, Huobi, and Bittrex, have announced their IEO platforms this year, and 39 projects have already participated in an IEO.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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