Published on July 10th, 2018 | by bitcoin0
Did you know that malta is to host world’s first icco’ as palladium, bittrex build new crypto exchange
Malta-based company Palladium will launch the world’s first so-called initial convertible coin offering (ICCO) with two partners including Bittrex, a press release announced July 10.
Palladium, which wants to build a regulated cryptocurrency exchange in Malta, will seek to distribute $150 million in tokens in the ICCO, scheduled to begin July 25.
The exchange, which will operate under full regulation of Malta’s increasingly crypto-friendly jurisdiction, will be built using around 15 percent of accumulated funds.
The move marks a further step in Malta’s blockchain enthusiasm, prime minister Joseph Muscat attending the company’s launch at the Malta Stock Exchange last week.
Muscat had previously publicly welcomed Binance, one of the world’s largest exchanges by trade volume, when it relocated to the country in May.