Coinzest, a South Korean cryptocurrency exchange, announced that it has listed its token called ‘COZ’ on a global exchange called IDAX. One that has COZ Tokens within IDAX will be applied with an airdrop provided by Coinzest.
COZ, which is based on Ethereum (ERC20), is the first South Korean token to adopt POT (Proof of Trading).
People who have COZ Tokens are given profits made by Coinzest off of its fees in a form of cryptocurrencies and opportunities to participate in various airdrop events. They can also participate in votes that will take place in the future.
IDAX is a Mongolia-based global exchange created by GBC (Global Blockchain Research Center). It is heard that it has fixed assets of $300 million and 1.2 million members.
Meanwhile, Coinzest started to provide IEO (Initial Exchange Offering) service that has emerged as a new alternative to ICO (Initial Coin Offering).
Staff Reporter Gil, Jaeshik | osolgil@etnews.com