[Chainb News Update] 12 Oct 2018 — B

SyncoChain

Published in

chainb_io

4 min readOct 15, 2018

Dear Users,

This is the Chainb team.

The Chainb News Update is designed for your personal use and convenience.

In this issue we will cover, “IEOs and Global Exchange.”

Chainb will host IEOs on its platform and the technological development is underway. Then, what could be the synergistic advantages when Chainb allows IEOs on its platform?

1. Advantages from hosting IEOs on the Chainb platform

1) What is the role of an exchange that allows the Initial Exchange Offering (IEO)?

- It serves as the counter-party to blockchain projects that issue coins, connecting them to investors.

- Unlike ICO, IEO is a fundraising tool that involves the exchange as a middleman.

2) Brief recap on the strengthens of IEOs.

- Projects can reduce marketing costs by a big margin as the exchanges back the value of the projects if they were chosen as IEO projects based on their own stringent and transparent listing process.

- Listing on the exchange where the IEO has been carried out is a natural next step. So no worries for listing.

-The exchanges can strengthen its competitiveness, increase the trade volume and expand the user base by exclusively. listing promising coins.

3) Vetting process

-Chainb will carry our IEO of promising projects after going through its own thorough vetting process based on the extensive investment experience.

-Separate reports will be made for each project which will be disclosed to the public. It will help the investors make informed decisions.

4) Reward economy

-Chainb will realize the transparent reward system by incorporating the blockchain’s basic concept of token economy.

-Through Chainb’s reward economy where users who share the most get the most benefit, Chainb will share 90% of the profits with the token holders. This will help Chainb realize the values of sharing, distribution and co-prosperity.

2. Chainb, global exchange

1) Strengths of a global exchange

-If we can attract users from across the world, we can guarantee higher trading volume.

-It can be relatively free from regulations of specific countries.

-It is easy to adopt global trends in the crypto sphere.

-Various cryptocurrencies from across the world can be listed.

2) Objective of Chainb

-With its strong offline community across the world and the unique reward economy, Chainb aims to grow as one of the top global exchanges hosting IEOs.

3. Multi-language services

-Pre-registration page: You can view the pre-registration page in multiple languages including Korean, English, Chinese, Japanese, Vietnamese, Thai, Burmese and Khmer. Russian, Indonesian and Hindi are to be added soon.

-Chainb Exchange: Five languages including Korean, English, Chinese, Japanese and Vietnamese will be provided in the beginning but more languages will be added going forward.

4. Global strategy

*1st step

-Signed an MOU with VikoChain in Vietnam

-Signed an MOU with Trade Republic Holding, a project building blockchain-based B2B escrow platform based in Dubai, to grow the offline community in the region.

*2nd step

-Has a plan to advance into Singapore, Taiwan, Hong Kong, Japan, Thailand, and Dubai. Currently has a strong foothold in Korea and Vietnam.

-The plan is to secure 1 million users in Asia and expand globally.