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BeatzCoin IEO to Be Hosted on ProBit Exchange

  • Alex Dovbnya
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    VibraVid has chosen the South Korea-based ProBit exchange to host the BeatzCoin IEO

BeatzCoin IEO to Be Hosted on ProBit Exchange
Cover image via medium.com
Contents

Decentralized YouTube alternative VibraVid has announced that it will host the upcoming initial exchange offering (IEO) of their BeatzCoin token on the ProBit cryptocurrency exchange. The first round of the IEO will take place on Sept. 30.  

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The next fundraising craze

IEOs, which emerged as a safer alternative to ICOs, are shaping up to be the main means of fundraising in the Blockchain space. Malta-based crypto behemoth Binance has already launched multiple projects on its Binance Launchpad platform.

Before settling down with ProBit, VibraVid reviewed “hundreds” of IEO alternatives. However, the South Korean exchange appeared to be a perfect fit given its security measures and a plethora of listed coins. 

ProBit conducts the AML/KYC procedure within 24 hours after receiving the user’s documents. Once customers get verified, they get access to 271 trading pairs.

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BeatzCoin’s big moment 

The launch of this IEO product is supposed to give a major recognition boost to BeatzCoin, which has recently surged to second place on the Tron Superepresenative list. It underpins the VibraVid platform that wants to reward online content creators with their fair share.

As reported by U.Today, BeatzCoin recently teamed up with hardware wallet manufacturer Ellipal to allow holders safely store their coins.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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