Matrix Partners China, IDG, and more announce lock-up to remain until June 2020

Strategic private placement to support COS long-term development

ContentosHome
Aug 20 · 2 min read
Matrix Partners China, IDG, and more announce lock-up to remain until June 2020. Strategic private placement to support COS long-term development

Content Public Chain Contentos (COS)’s strategic investors Matrix Partners China, IDG Capital, and Welight Capital have jointly announced retaining a total of 317 million COS locked up until June 2020 to help the subsequent development of the COS content ecosystem.

Since establishing Contentos in March 2018, co-founder and CEO Mick Tsai has insisted on pursuing the platform’s long-term value despite some backlash. Under the dual-track parallel strategy of “public chain R&D and ecological expansion,” the mainnet is expected to be released on 25th September 2019. Prior to the mainnet launch, COS has already established ecosystem cooperation agreements with more than 20 top blockchain projects worldwide including TomoChain, NEM, Harmony, and MixMarvel.

The decision by COS’ strategic investors Matrix Partners China, IDG, and Welight Capital to extend the lock-up period to 12 months is in direct support of COS’ goal to upgrade the content industry with blockchain technology. The recent listing of COS on Binance also propped up support from Cheetah Mobile, Ontology, LD Capital, Blockshine, Node Capital, and LiveMe.

Matrix Partners China, a well-known investment company from China, has successfully invested in companies such as Cheetah Mobile, Didi Chuxing, Ele.me, Mo Mo and so on. IDG Capital has invested in top global blockchain projects like Coinbase, Ripple, Circle, imToken, and Klaytn, with other successful cases in the traditional internet industry such as Tencent, Baidu, iQiyi, and LiveMe. Welight Capital has invested in successful startups KLOOK, Guazi, and Missfresh, to name a few.

To provide transparency into the lock-up COS tokens belonging to our strategic investors, the COS will be stored in the following lock-up wallet address.

bnb1gu3x67txmw7qnu5dhufj4v59u3m4qtzc3w4uum

  • The previously unlocked 158,333,333 COS were already transferred from Trusteeship Wallet to the lock-up wallet.
  • Another 158,333,333 COS will be transferred from COS issuer address to the lock-up wallet on 3rd February 2020.

Contentos

Contentos is a universal decentralized content ecosystem recently invested by Binance Labs, the blockchain incubator of world’s largest exchange. It aims to create a decentralized content ecosystem, where assets can be freely produced, authenticated, and distributed.

ContentosHome

Written by

Revolutionary blockchain-based global content ecosystem where the rights and value will be returned to users. https://www.contentos.io/

Contentos

Contentos

Contentos is a universal decentralized content ecosystem recently invested by Binance Labs, the blockchain incubator of world’s largest exchange. It aims to create a decentralized content ecosystem, where assets can be freely produced, authenticated, and distributed.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade