Trade.io Makes a Partnership With Chinese Blockchain Operator ViewFin
The Swiss blockchain company Trade.io has decided to partner with ViewFin, a Chinese fintech company. According to the official announcement made by the companies, this partnership will be useful to expand both businesses.
The two companies will collaborate in areas like investment banking and trading. Trade.io will also use the users on the other network and introduce them to its own program. The ETP tokens from ViewFin will be listed on Trade.io and it will gain access to the huge Chinese market. Metaverse engineers will also work on Trade.io
The CEO of ViewFin, Eric Gu, has stated that the company is delighted to team up with Trade.io and that it is a very successful company. Also, that its team would help the company to achieve innovation and to create groundbreaking blockchain solutions.
The managing director of Research and Business development of Trade.io, John Patrick Mullin, has also vowed to work closely with the other company to create a strong sense of community and to unite both companies.
ViewFin is a Chinese fintech company which has been in the market since 2014. The company was created by another one called Metaverse, which is claimed to be the first public blockchain company in China. Metaverse is focused on handling transactions using blockchain and in storing identity information.
The company uses a token called ETP which has a market capitalization of $49 million USD according to Coinmarketcap. The company uses a proof of work system that will last for a few years as a consensus model. After all tokens have been mined, it starts to use a HeartBeat proof of stake protocol.
This means that the holders of ETP tokens will have to send signals to the network that will indicate that they are active as a way to validate transactions. The users can also become oracles and get more money this way. By being oracles, they will input data on the network and help to supervise the activity that is happening.
Trade.io is a cryptocurrency exchange based on Switzerland that sells products and describes itself as a next generation financial institution based on the blockchain technology. One of the newest products in the portfolio of the company is Blockchain Trade Verifier, which can be used to track foreign exchange brokers and see if they are lying about their data or not.
The company also offers ICO consultancy services. It completed its own ICO in January and it raised #31 million USD. At the moment, the market capitalization of the company is $29 million.
One of the main partnerships of Trade.io includes Bancor, which was made to make its token convertible to the ERC20 standard. Recent developments include the Angel Investor Program that was recently created by the company and the upcoming token exchange. The token exchange was recently launched and it is still limited to a small number of people.