While Danish crypto currency exchange CCEDK has signalled that it is to become a hub for a series of “diverse projects” and services, with the current trading engine ceasing for good this May, investors should not panic as the shutdown will allow the exchange to initiate a major upgrade. Once revamped it relaunches as a Decentralized Conglomerate on 1 July – aka an enterprise ecosystem engine.
But you might ask what does this overhaul involve exactly? Well, CCEDK (now named Crypto Coins Enterprise Denmark) will transition from operating as an exchange to becoming the service and education center for the OpenLedger platform, which will effectively serve as a decentralized exchange (DEX) based on assets, smart coins and smarts contracts.
Crowdfunded Projects
The pioneers behind this latest move explain that it will include helping start-ups and businesses create digital tokens to crowd-fund new projects and simultaneously assist in what is described as assisting “digital currency cross the mass adoption” threshold.
As the crowd-funding process is discriminatory – not only due to selection from a vetting perspective – but also due to market demand, the team behind CCEDK’s new endeavour indicates that it will only be focusing on two crowd-funding campaigns per month. Bitcoin medals on display in Washington, DC. Bitcoin uses peer-to-peer (P2P) technology to operate with no central authority or banks. Managing transactions and the issuing of bitcoins is carried out collectively by the network. (Photo: Karen Bleier/AFP/Getty Images).
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The DAO Hub
One might think that all this talk about crowd funding in the cryto currency arena is mumbo jumbo. Well, think again and reflect on the fact that The DAO had raised an equivalent of over US$106 million (m) to date in a crowdsale of their token in the past two weeks and smashed it. This figure is […]
