ShapeShift Is Launching a Token for Free Cryptocurrency Trading

ShapeShift now offers its users fee-free trading in the form of an ERC-20 token.  The self-custody trading platform announced today, November 20, 2019, that it is instituting limited free trading through its FOX token. ShapeShift hopes the incentives token will “entice users away from custodial exchanges,” according to a press release from the privacy-focused cryptocurrency exchange. All registered ShapeShift users will initially receive 100 FOX tokens free of charge. Each token entitles its holder to $10 worth of free trading volume for rolling, 30-day periods. In effect, this means that…

Bithumb Global Launches Native Token for Exchange Ecosystem

Bithumb Global has launched a native coin for Bithumb Chain, the exchange’s custom blockchain. Launched under the “BT” ticker, Bithumb Coin will work as a medium of exchange for the ecosystem, the company told CoinDesk in a statement Tuesday. The Bithumb Chain itself is expected to launch sometime in the first quarter of 2020. From a mechanics side, the exchange will mint a hard cap of 300 million Bithumb Coins. Half of the exchange’s revenue will be used to burn 50 percent of BT’s token supply over time – similar…

Boxing Legend Manny Pacquiao’s PAC Token Set for IEO on Nov. 12

Boxing legend and Phillipino politician Manny Pacquiao’s PAC token will become available for purchase on the Singapore-based GCOX crypto exchange through an initial exchange offering on Nov. 12, according to a press release shared with Cointelegraph. The PAC token was first launched at the start of September this year, and its main purpose is to facilitate the purchase of merchandise and social media interactions with the Philippines-born current welterweight champion. According to previous reports, the token’s launch was backed and supported by Sheikh Khaled bin Zayed al-Nahyan, a member of…

Leading Japanese Firms Partner on Security Token Research

Mitsubishi UFJ Financial Group – Japan’s largest financial group and the fifth largest bank in the world by assets – is leading a 22-member research consortium to develop standards around security token management. The group – the Security Token Research Consortium – includes security issuers, broker dealers and technology companies, such as NTT Docomo Inc. and KDDI Corp., the two largest telecommunications companies in Japan. Securitize, a firm that enables the issuance and management digital securities, will be the only issuance platform provider for the consortium. The consortium will be…