Published on June 13th, 2018 | by bitcoin0
Launch Crypto Token Platform for Former Telegram Employee
A new cryptocurrency trading platform launched by former Telegram director of special projects Anton Rosenberg seeks to help blockchain startups stabilize their token prices.
Mikado, a crypto derivatives trading platform, will provide a solution for projects planning an initial coin offering (ICO) but which want to avoid the price collapse that occur when an open sale begins and early investors drop their tokens, Rosenberg announced Tuesday.
The project can transfer these locked tokens to a specially created escrow account, and investors will receive derivative Mikado tokens (MKT) instead which can be sold.
Mikado is promising a tool to create a “stable commodity-based economy” on the crypto market.
Mikado does not plan to launch an initial coin offering for its own token, in order to avoid having MKT classified as a security, said chief executive Andrey Nayman.