Sunday – June 16th: Those expecting a quiet weekend will be pleasantly surprised with all the ecosystem news released on Saturday. OceanEx reaffirmed their commitment to being a top global exchange at their Ho Chi Minh City meetup. In attendance were CEO Nan Ning, Head of Global Marketing Starry Liu, VeChain SEA GM Sarah Nabaa, and various other community contributors.
Highlighting the announcements was the release of OceanEx’s CryptoFarm, an investment platform that allows users to deposit assets and earn annualized returns. Users will be able to sign up on June 18th, to be part of the 50 million total lockup, which will be allotted on a first come, first serve basis.
While some in the industry might reject the idea of depositing tokens with centralized exchanges, this represents an alternative to short-term trading as a means to achieve growth on a portfolio. Furthermore, OceanEx’s use of multi-layer custodial solutions, including VeChain’s HSM, makes the platform more attractive to more security-conscious investors. It also represents an option for those US-based investors seeking alternatives to Binance, who recently announced account closures for customers in America.
Other news included the release of the OceanEx iOS App’s alpha version. The app brings a more user-friendly experience, but its biggest effect might be in the Chinese market, where customer preference for mobile apps is extremely high. No release date was given for Android, but early indications are that it will be sooner rather than later.
Finally, slides at the OceanEx Meetup in Vietnam indicated the launch of a New Token Issuance Platform on OceanEx. With the success of various IEO launches around the industry, many are eager to see the VeChain ecosystem add a similar feature to their range of services. More news is expected this month as OceanEx continues to develop and rollout features.
TicTalk
It’s been quite a while since we heard substantial news from this project, but on Saturday they announced they received strategic investment from three key Chinese VC companies: Keyin Capital (科银资本), Consensus Lab (共识实验室), and BA Capital. This investment will be used to build up their new incubation platform, used to assist entrepreneurs with the development of new projects.
TicTalk noted that recent developments has led to a diversification of the platform, expanding the scope from one main social media app to a number of projects under the TicTalk incubation platform. In an interview with 499Block, TicTalk Founder and CEO Tao Ran spoke about how TicTalk was overseeing the development of projects that would add to both the TicTalk and VeChain ecosystem, making use of the TIC token. More details about TicTalk are expected later this month.
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