Binance CEO Changpeng Zhao: Discussed about QuarkChain [QKC]
Binance is a worldwide, cryptocurrency exchange platform which is in different languages. The services of the platform were on the boom in July last year. Service saw an elevation of 15 million dollars Initial Coin Offering for its ERC2 BNB token. Long back the CEO Binance Changpeng Zhao found a Fusion System in 2005.
In 2013 Binance collaborated with Blockchain.info as the third member of cryptocurrency wallet team. The association was formed in China and moved to their base camp to Japan. They shifted their servers and base camps to Japan when the China government banned the cryptocurrency or the digital exchange in the country. The company is repeatedly changing framework for their agents.
Company’s CEO, Zhao Changpeng tweeted that, “QKC token distribution, created by a community member. This show: 1. the crowd is powerful. 2. The crowd is powerful given the transparent nature of blockchain. 3. Most of the usable circulating supply is already on Binance. 4. Expect high volatility, ie, swings in BOTH ways.”
An image was also embedded by CEO, Zhao Changpeng with the tweet that elaborated and explained the analytics of the news.
On the tweet QuarkChain commented some additional information so the tweet is clear, he said, “40% QKC will be used for MINING and is already locked by smart contract. Other distribution includes 15% team, 15% foundation and 5% advisor, they will all be locked up to 2 years using smart contract.”
While Jimmy, a Twitter user commented:
“These are the kind of pump and dump scam that the regulators have to go after. 96.4257% held by the founders and team wallet? Simply unbelievable..”
In the recent past, company broadcasted the list of QCK in which the token was not listed on CoinMarketCap. Company wondered there was a misunderstanding in QKC and QRK as QKC [QuarkChain]. With this misconception, there was a hike in the price of QRK instead of QKC. The CEO discussed the QKC token distribution got postponed because of less circulation. Instead, CEO discussed the power of people and circulation set for the take-off.
If the users are paying trading fees with BNB token [Binance coin] then Binance is offering them 50% discount on the exchange. As the Binance ICO, many new exchanges have adopted the ICO model, issuing their own tokens. Being the biggest and most widely held exchange and trading platform of the digital world, any small change in cryptocurrency can bring a big change in crypto-universe.
Image via Google
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