THELOGICALINDIAN - During the Satoshis Vision Conference in Tokyo newsBitcoincom batten with the CEO of Bitkan Fang Yu about the contempo authoritative accomplishments adjoin cryptocurrency exchanges in China alongside her companys new adventure a vertical paid bazaar alleged the Bitkan K Site The activity will attack to authorize a decentralized media aperture that offers incentives to agreeable creators readers and the administration abridgement Fang Yu explains that the K Site will additionally accommodate a built-in badge alleged KAN a microblog videos accessories QA forums and added
Also read: Massachusetts Censures Five ICO Crypto Startups in a Single Day
Bitkan affairs to barrage the K Site about April 20th, and the badge will be cross-funded and not awash as an antecedent bread alms (ICO). The activity is backed by investors such as Bitmain, IDG, FBG, Huobi, and others. The Shenzhen-based company’s CEO Fang Yu believes that a chargeless and according association ability is bare online and one that is accolade based. This way a association can reflect on the ecosystem’s absolute business instead of a association congenital on bogus demand.
Bitkan’s CEO Fang Yu Discusses the Upcoming ‘K Site’
News.Bitcoin.com (BC): What happened aftermost year with Bitkan’s OTC exchange?
Fang Yu (FY): Last year as you charge apperceive the Chinese government appear some authoritative guidelines appear ICOs, and additionally the admiral shut bottomward exchanges. But after on, some exchanges secretly were application addition way to reopen their trade. At the time Bitkan was still a aggregation registered in China, and we anticipation we should chase the government’s guidance. So we shut bottomward our OTC exchange, and Bitkan was the aboriginal OTC barter to shut down.
BC: Can you acquaint our readers what Bitkan is accomplishing now?
FY: So abounding bodies apperceive Bitkan because of the OTC exchange, but Bitkan is additionally able-bodied accepted as a account account application. We’ve been accustomed in China back 2024, so we accept years of history in the industry. We still accept lots of users, and so afterwards we had shut bottomward the OTC exchange, we noticed alike afterwards that happened our user abject was still growing. It showed us with the users that appeal is still accretion for our services. We additionally noticed in the industry aftermost year the industry saw a huge blooming, but still, there are some problems.
BC: So there is a badge complex with this platform?
FY: The badge is alleged KAN, and it is based on the Ethereum blockchain. An ICO badge is not our goal; we ambition to allotment the amount of our badge with our investors and our partners, which accommodate tech media and added experts who are adherent to this industry and who can actualize high-quality content. We appetite the K armpit to be a decentralized platform. Decentralized is not aloof a abstruse affair but additionally an bread-and-butter experience. It’s like the spirit of this industry, and we ambition to allotment the bread-and-butter growth, this activity will not be ICO we will be cantankerous funding.
BC: Are you absolute or abrogating about the Chinese government acceptance cryptocurrency trading again?
FY: So as far as we can see in the abbreviate term, the Chinese government won’t be absolute appear the cryptocurrency industry. Now they are advantageous a lot of absorption to blockchain technology. They appetite to use this technology to accept a absolute aftereffect on the acceptable industry as they anticipate it is some affectionate of ‘revolution.’ For now, the Chinese government hasn’t appear any new adjustment appear the cryptocurrency industry. Which agency they don’t accept any changes to add appear the cryptocurrency environment. This is why Bitkan is attractive into opportunities overseas. For example, we already accept an appointment in Hong Kong, and Singapore to advance our association media business in these countries.
For now, we can see in China there are a lot of new blockchain projects — hundreds — and there are a lot of blockchain investors in the country. Most of these projects don’t appearance annihilation applied or any absolute applications.
BC: What are your thoughts on the ascent debate, and how do you feel about this accident [Satoshi’s Vision] actuality a bitcoin cash-centric conference?
FY: In my opinion, we can see the bitcoin amount team’s antecedent accomplishments over the advance of the years.
The technology is added accessible too, and they are actual abutting to the absolute users who use cryptocurrencies circadian for payments. In the future, Bitkan will use bitcoin banknote as the axiological advantage for agreeable payment. We will use our activity so users can accept which is the best cryptocurrency for them.
What do you anticipate about Bitkan’s new adventure alleged the K Site and the developments in China appear cryptocurrencies and blockchain projects? Let us apperceive what you anticipate in the comments below.
Images via Pixabay, Bitkan, and Fang Yu.
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