This January is a great month for cryptocurrencies, despites the many ups and downs. What’s important is that the market exceeded $700 billion and reached an all-time high in the valuation of all digital currencies combined. The spike occurred as a result of the surge in value of more than 1,400 cryptocurrencies that are currently in use.
The growth opportunity has made a lot of traders and investors get more involved in the crypto world. Now there are more people than ever looking at cryptocurrencies. One crypto exchange has decided to capitalize on this interest and create the first platform that will pay dividends to its investors.
Named CoinSpark, this new crypto exchange follows a business model that is focused on its investors and traders. It aims to become a new type of digital asset exchange which will reward the crypto community in the form of dividends. Their current goal is to develop the exchange so that the customers will receive 25% of the company’s net profits.
The benefits don’t end here, though. Another benefit is that its business model is linked to its physical location. Knowing that many speculations are currently surrounding the South Korea crypto exchanges, CoinSpark can become the ‘refuge’ for investors that are affected by the potential bans in their country.
CoinSpark has recently partnered with AlphaPoint which is a fintech company that turns illiquid assets into liquid ones. This partnerships can help the platform to digitize assets and reduce operational costs.
CoinSpark is launching its ICO with 10 core cryptocurrencies in mind, including the names of Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, Litecoin, Bitcoin Gold, IOTA, NEO and Spark.
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