MultiVAC ($ MTV), which raised $ 3.5 million on the 3rd of this month with KuCoin’s IEO first, rose after the end of the token sale and is now around three times the selling price.
According to KuCoin’s blog, MultiVAC is developed to solve the three problems of decentralization, scalability and security.
It is also intended for distributed applications, and TPS is more than 10,000 times bitcoin. The consensus mechanism uses Verifiable Random Functions (VRF), and each node is said to be able to perform verification efficiently.
Of the 10 billion total issues, MultiVAC’s IEO sold 600 million copies at 0.00317 KCS, raising a total of $ 3,527,400.
The $ MTV trades at around 0.0099591 KCS at the time of writing and has tripled the selling price at IEO.
Article Source: KuCoin, KuCoin Blog
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Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/kucoin-1st-ieo/
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