Aiming to Build Digital Content Ecosystem
Content Box, the reverse ICO of the global audio content platform Castbox, will be listed on the Korean crytpocurrency exchange CpDAX on August 28. Content Box was listed on the Huobi Pro two months after the ICO, attracting attention from cryptocurrency investors. Since then, it has continuously developed platforms and selected CpDAX as a partner in entering the Korean cryptocurrency market.
CpDAX, also known as Coinplug Digital Assets Exchange, is a digital currency trading platform venture by South Korean company Coinplug. It has offered a variety of blockchain-based solutions for businesses since 2014. In particular, it has attracted attention from investors by establishing blockchain-based self-certification services. Currently it is a blockchain technology patent leader that has 200 patents related to blockchain.
So far, CpDAX has selected only a small number of projects for listing. It broke its silence and recently launched projects such as Medibloc and Cosmochain. The listing of Content Box reflects its intention to build a relationship with a project team based on technological skills. Officials say cooperation between Content Box and CpDAX will go beyond simple listing and lead to various projects.
The listing of Content Box draws attention from investors as it comes at a time when many virtual currency exchanges have difficulties with both depositing and withdrawing of money and the overall cryptocurrency market still remains sluggish.