VANTA Network Qualifies for Allbit Exchange Project5
Allbit Exchange Project5 Competition (Allbit x UPbit)
Allbit is the first decentralized exchange in South Korea that operates on the Ethereum blockchain created to allow P2P transactions of digital assets without interruptions from central servers. Allbit also recently opened BTC market with BTC sidechain. They are the world’s first to open the BTC market among the decentralized exchanges.
On January 30, 2019, Allbit is launching a collective intelligence-based service called the “APOT Market” which was designed to verify the values of blockchain projects. To commemorate the launch of the APOT market, the Project5 (AxU) Event was created.
Project5 (AxU) is a collaboration event between UPbit from Dunamu and Allbit from Ozys. A total of 41 projects applied but only 5 were selected to compete in the Project5 competition based on project transparency, compliance and legal review, technical competence, technical compatibility, fairness or initial allocation, transparency of network operation, and popularity. To maintain the integrity and legitimacy of the competition, each project was screened initially by Allbit, then later screened again by UPbit.
Dunamu is one of the largest investers that invested in Allbit. Dunamu operates UPbit Exchange which was founded by Chi-Hyung Song, the CEO of Dunamu. Within only several months after the launch, UPbit secured funding from internet giant Kakao Corporation and partnered with U.S.-based Bittrex.
The selected 5 will be listed in the APOT market on the Allbit Exchange on January 30, 2019. These projects will compete for the highest trading volume in the APOT market over the period of 5 weeks. Other factors that will be taken into consideration are the number of people trading, holding amounts, and the number of daily votes received.
The competition will remain open until March 4, 2019. Top 3 projects will receive the following benefits. More information regarding the competition evaluation can be found here.
Project5 Winner Benefits
1st Place — Allbit BTC, ETH market listing, UPbit KRW market review and recommendation
2nd Place — Allbit BTC, ETH market listing, UPbit KRW market review and recommendation
3rd Place — Allbit BTC, ETH market listing, UPbit KRW market review and recommendation
More details of the Project5 (AxU) Even can be found here. Non-Koreans will be able to participate in the event on Allbit Exchange. Please participate by signing up for an Allbit account to vote for VANTA Network daily!
For more details, please reach the VANTA Network team in the following channels:
Telegram Annoucements: https://t.me/vanta_network
Telegram Community: https://t.me/vantanetwork
Twitter: https://twitter.com/vantanetwork
LinkedIn: https://www.linkedin.com/company/vantanetwork
Facebook: https://www.facebook.com/vantanetwork
KakaoTalk: https://open.kakao.com/o/gm25Lz7
For all other inquiries, contact us at official@vanta.network.
