Cryptocurrency fever sweeps the globe and cryptocurrency market has grown to be able to match the stock market as the transaction amount in South Korea reached 15 trillion US dollars earlier this year.
The rapidly emerging cryptocurrency market made the Korean government that was going to close cryptocurrency exchanges change its direction to considering creating new regulations on the exchanges. For this issue, cryptocurrency industry officials suggest that they need to see cryptocurrencies as same as stocks and set the regulation direction.
Jin Dae Jae, the president of Korean Blockchain Association, said early this year that given the global trends, cryptocurrency is likely to play a significant role in fundraising for venture companies and is similar to stocks.
In Japan, one of the leading countries in crypto market, cryptocurrency regulation takes place under the Capital Market Act as they trade cryptocurrencies like they do with stocks.
Then, what is different between cryptocurrencies and stocks?
One of the differences between cryptocurrencies and stocks is the presence of issuer. Unlike stocks, cryptocurrencies have no issuers and autonomously manage themselves in the market.
Another difference is the operating hours. When it comes to stock markets, the average trading hours begin at 9 a.m. and end at 15:30 p.m., while cryptocurrencies are traded 24/7 in the market.
Also, stock markets have a policy called ‘Sidecar’, which contemporarily puts a brake on stock tradings when they show the upward or downward spiral of prices and the range of fluctuation in a day is limited below 30%. On the other hand, there is no limit on the range of fluctuation in price in the cryptocurrency market.
Moreover, It is impossible for individuals to issue any marketable securities in the stock market, while, in the cryptocurrency market, anyone can issue a new cryptocurrency and list in on cryptocurrency exchanges.
The controversy over cryptocurrency has become a hot topic all over the world.
Some people say that cryptocurrency is just a thing for speculation and raise the concerns about it. However, some people expect cryptocurrency can change the future digital financial system.
Japan revised the fund settlement law, legalized using cryptocurrency as a method of payment equivalent to conventional currencies and introduced a registration system for cryptocurrency exchanges where people can change cryptocurrency into cash last year. eBay which is the world biggest e-commerce platform revealed they are giving a favorable consideration to having cryptocurrency as one of their payment methods and Mark Zuckerberg, the CEO of Facebook, said he has a great interest in cryptocurrency technology including its both positive and negative impacts and how to utilize it on Facebook.
It is expected that the interest on cryptocurrency around the world would continue to increase and cryptocurrency market would grow as well.
OZEX aims to become an advisor in cryptocurrency market by selecting reliable ICOs and distributing prospective tokens to OZEX token holders.
Ozex MainNet is in preparation of developing ICO advisor platform and a wallet that will automatically airdrop tokens to OZX holders. OZEX platform is developed and run by multiple professionals from diverse fields. Our project will airdrop 80 different tokens that have high potentials for our OZX holders over the next three years.
OZEX ICO proceeds over 3 rounds and on each round, a NEW free airdrop token selected will be additionally distributed to all participants. A NEW free airdrip token for the 1st round is ‘LEGALBLOCK’, ‘KICK’ for the 2nd round, and ‘MOBU’ for the final round.
OZEX ICO has successfully seen early endings of both the 1st and the 2nd rounds within just one day and is now in preparation of the last 3rd round.
The final round of OZEX ICO will be on from August 28 to September 9, 2018.
The 3rd round hardcap is 100 million OZX and 1 OZX can be purchased for 0.01 USD. The 3rd free airdrop token, MOBU, will be additionally airdropped at the rate of 100 OZX : 1 MOBU.
During the first week of the final round, from 28th August (11:00 AM, GMT) to 4th September (11:00 AM, GMT), participants will receive 50% OZX Bonus.
The OZX token will be listed for the first time on a global exchange, ‘CoinBene’ on September 19, 2018 and will be listed on other global exchanges over the next months.
To learn more about OZEX and its project, check out the links below.
Webpage : https://ozex.io
Whitepaper : https://github.com/ozexproject/OZEX-Whitepaper
Bounty promotion : https://bitcointalk.org/index.php?topic=4459199.0;all
Twitter : https://twitter.com/ozex_official
Facebook : https://www.facebook.com/OZEXproject
Medium : https://medium.com/ozex
Steemit : https://steemit.com/@ozexproject
Telegram (Global) : https://ozex.io/telegram
Instagram : https://www.instagram.com/ozex_official/
Bitcoinforum : https://bitcointalk.org/index.php?topic=4355099.0
OZEX white paper v1.1 — https://github.com/ozexproject/OZEX-Whitepaper
Official OZEX email address : info@ozex.io
