Home / Crypto Currency / Plus Token and WBF Jointly Started the Global Startup Conference, the First Stop in South Korea Was Grandly Held.

Plus Token and WBF Jointly Started the Global Startup Conference, the First Stop in South Korea Was Grandly Held.

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On September 15th, 2018, South Korea’s first grand opening of the PLUS TOKEN Global Launch Ceremony was held at the Landing Shinhwa World Hotels on Jeju Island, South Korea. The conference is sponsored by the global blockchain alliance “WBF”, and the PLUS TOKEN foundation of the United States is naming this event. Participants included Zhou Jie, founder of Yu’ebao, Shi Yanqiang, founder of Blockchain Technology, An Xinxin, partner of Gold Finance, Zhao Sheng, sponsor of WBF New York World Block Chain Conference, and Yang Linke, founder of Bitcoin in China. Moreover, representatives and members from more than 20 community representatives of PLUS TOKEN witnessed the event together.

At the beginning of the ceremony, LEO, co-founder of PLUS TOKEN, delivered a speech in which he shared the following achievements PLUS TOKEN has made:

  1. PLUS TOKEN has successfully applied for a Singapore fund license. Other countries’ bank and fund digital currency licenses are also in the process of application.
  2. PLUS TOKEN became the world’s top three digital asset wallet in less than five months.
  3. The users of PLUS TOKEN are in more than 30 countries all over the world.

Any success in the world is no accident. The achievements of PLUS TOKEN are mainly due to the early experience of the core members of PLUS TOKEN team in Samsung, the international team and experience. This enabled PLUS TOKEN to lay out and defend from the point of view of product experience, technical fluency and data security from the beginning. At the same time, in the process of market promotion and product popularization, many early communities were Samsung’s business partners which ensured that the market could develop rapidly and win trust in many countries and regions.

After the speech, LEO signed an investment cooperation agreement with zhao sheng of Silicon Valley Venture Fund, lldar of Dows Fund and Yi Dao. In this investment, PLUS TOKEN’s appraisement achieves $5 billion, both from the digital currency market value and corporate valuation, which is in the forefront of the global digital money market.

In addition to LEO’s occasional speech on stage, Kim jong-eun, the normally low-key south Korean co-founder, stepped up to the stage for a brief communication, as well as met with representatives from all over the country and took photos. The communities that participated in the meeting included: High Sea Club, Sky Foundation, Seoul Community, Shengshi Alliance Community, Moscow Community, Siam Foundation, LT Foundation, Running Alliance, Whampoa Community, Kawasaki Alliance, No. 1 Community, Block Got Talent and other representatives from more than 20 countries.

The act of community representatives appear on the stage successfully demonstrates PLUS TOKEN’s achievements, global operational capabilities and experience, and fully reflects PLUS TOKEN’s unparalleled strength in the current global digital Money Wallet field. Such a platform, which is heavily favored by capital and the market, is naturally also supported by many authorities in the industry. So during the launch ceremony of PLUS TOKEN in Jeju Island, South Korea, founder of WBF, Zhao Sheng, founder of Silicon Valley Venture Fund, Xu Gang, Assistant Director-General of World Block Chain Organization (WBO), Brother Dao, founder of Bikuaibao, Sister Mi, founder of Meijer Community, Yuan Zhengzhong, founder of Yidao Fund, and Mr. Meng, founder of Liaotong Science and Technology jointly participated and witness.

PLUSTOKE global kick-off ceremony, Jeju Island, Korea! As the title said, we set sail. Now that we have sailed, we will brave the wind and waves and create brilliance.

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Amun’s Crypto ETP Volume Spikes: Sign Of Bitcoin Accumulation?

Just weeks ago, as Bitcoin (BTC) walked the fine line between a breakout and lower lows, Amun, a London-based fintech firm, suddenly divulged that it was slated to launch its “HODL5″ exchange-traded product (ETP) on Switzerland’s SIX exchange. Amun’s announcement instantaneously garnered attention from the bulk of the cryptosphere’s eyes and ears, with everyone and their mother discussing the”game-changing” vehicle, which put a spotlight on BTC, Ethereum (ETH), and XRP. Speaking with Financial Times regarding the product, Amun CEO and co-founder Hany Rashwan explained that the ETP would be an enticing offering for both institutional players and retail traders alike, as it would provide secure and regulatory-compliant exposure to cryptocurrencies. And with that in mind, HODL5 became the rallying cry for crypto’s bulls blinded by “hopium,” who stated that the SIX-listed instrument could catalyze a jaw-dropping reversal. Yet, upon its launch, the performance of Amun’s crypto foray was lackluster at best, dismal at worst. Interest In Switzerland Multi-Crypto ETP Surges As reported by NewsBTC, HODL5, while the most-traded ETP on SIX, saw little-to-zero interest during its first day on public markets, posting an insignificant $400,000 in volume. Such a figure was, of course, a far cry from the millions in volume that optimists were clamoring for. Many chalked up the fleeting interest to a number of factors, namely the fact that SIX has only been classified as Earth’s 13th largest stock exchange, posting a market capitalization of $1.6 trillion, a mere seven percent of the S&P 500. Industry analysts and commentators looking to find a rationale behind the lack of volume aimed their scopes at other nuances. Some attributed the HODL5’s initially scant volume to Amun’s inability to captivate the business and wallets of SIX’s institutional clients, the vehicle’s targeted constituency. Moreover, these skeptics added that such market participants didn’t believe that the crypto market was poised to reverse its multi-month downtrend. However, with a recent tweet from Su Zhu, the chief executive and investment officer at Singapore-based Three Arrows Capital, Amun’s fortunes may actually be turning for the better, despite the further decline in the Bitcoin price. On Thursday and Friday of last week, as BTC freefell to establish a year-to-date low in the $3,200 range, Switzerland’s only ETP surprisingly saw record-breaking volumes, which followed weeks of relative inactivity and mundane action. In fact, Thursday saw traders exchange 53,233 HODL5 shares, and 62,986 on the following day, which amounts to approximately $1.3 million at current prices. This, of course, was a far cry from the 27,244 shares traded throughout the product’s inaugural session. Last Thurs and Fri we broke volume records again on the Swiss HODL ETF with 53,233 shares and 62,986 shares traded respectively. That coincided with the dip in BTC to 3.2k and ETH to near 80. The correlation between volume and price continues to be very strong at (-68%). https://t.co/Meuaa9MXCV — Su Zhu (@zhusu) December 11, 2018 In a subsequent tweet, the crypto-friendly Three Arrows Capital executive explained that there is a “very strong” correlation between volume in price, whereas HODL5 trading surges amid crypto’s incessant stream of strong drawdowns. Case in point, when ETH neared $80 and BTC neared $3,200 on December 7th, SIX processed record volumes as aforementioned. Drawing conclusions from this simple fact, Zhu, a bonafide crypto commentator growing in popularity, noted that “[ETP] buyers have firm levels in mind.” Bitcoin Revisits Year-To-Date Low At $3,200 — Potential Level Of Accumulation Just a week after HODL5 experienced its best day yet, BTC, after another bout of tumult and unpredictable price action, has found itself nearing $3,200 yet again. In fact, at the time of writing, the leading cryptocurrency trades for $3,250 a pop on Coinbase Pro, the essential benchmark of crypto exchanges. If Zhu’s analysis is accurate, and assuming that HODL5’s buyers are representative of the entire trading demographic, Bitcoin could potentially find a semblance of support at current values, as investors seek to cash-in on the crypto craze for the long haul. Other reports indicate have confirmed that investors, are, in fact, scaling into cryptocurrency holdings en-masse. Extensive research recently completed by Diar, a leading crypto-centric data analytics unit, has revealed that the amount of ETH that Ethereum’s top 500 wallets have held has risen by 80% in 2018 alone. To put this growth into perspective, on January 1st, whales kept 11 million Ether under lock and key, as of November 30th, the same group of wallets held 20 million. Although conclusions cannot be drawn from this statistic, optimists have exclaimed that whales are heavily betting on a market turnaround. Still, not all pundits are entirely convinced that this nascent market has found itself at a long-term bottom. Michael Bucella of BlockTower Capital recently told CNBC’s Fast Money panel that Bitcoin has yet to undergo its last leg lower, which will mark the end of crypto’s near-year-long “distress cycle.” Related Reading: Interview: Stephen Innes Says Crypto, Bitcoin to “Grind Higher” Over Next Decade Featured Image From Shutterstock The post Amun’s Crypto ETP Volume Spikes: Sign Of Bitcoin Accumulation? appeared first on NewsBTC.

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