CCEDK, the Denmark-based bitcoin exchange, will go offline at the end of May in order to relaunch as part of a network of cryptocurrency partnerships known as Decentralized Conglomerate, according to the company’s website.
The website directs visitors to Bitscan, a bitcoin business directory, where CCEDK’s plans are explained in detail.
The company states that proliferation of bitcoin services means that exchanges have to offer added value to attract and retain customers. Such added value includes wallet services, liquidity, leverage, trading tools and a combination of such facilities.
Different elements of the crypto world are coming together into a single hub so that users have everything they need under one roof.
CCEDK will be offline for several weeks to upgrade its services. The program marks the culmination of several partnerships and initiatives to benefit businesses and traders. Trading will cease at the end of May.
Customers will withdraw funds in June, during which time the exchange will integrate with new services, including Advertising Network, BitTeaser Blockchain, OpenLedger and the Obits Bloggers’ Club 500.
CCEDK will relaunch on July 1 with a new website and new services, such as crowdfunding, escrow facilities, marketing and the issuance of assets.
The company will keep the same acronym, but it will stand for “Crypto-Coins Enterprise Denmark.” The portal will serve as the investment knowledge hub for the Decentralized Conglomerate, which will include BitTeaser, OpenLedger, Obits, and other blockchain projects.
CCEDK will move from hosting an exchange to operating as the OpenLedger support project by becoming a service center and fiat gateway for the platform. This will consolidate the two exchanges’ volumes, giving CCEDK a new position as the entry point for businesses looking to raise funds – offering experience and knowledge, plus enabling developers to better serve end users.
Users who do not retrieve funds before July 1 will still have access all available assets on OpenLedger or have them sent to the address of their choice.
CCEDK will sell initial coin offering (ICO) packages to firms seeking to raise funds as a way to build revenues for CCEDK and OpenLedger. It will provide tiered packages with different levels of blogging support and advertising.
The basic package will include the creation of a token, a certain number of blog articles about the company from the Obits Bloggers’ Club 500, and a set number of BitTeaser ads. Higher-tier packages will get more blogging and ad support.
Revenues from consulting and selling ICO packages will go to BitTeaser and OBITS as supporting assets, while another allocation will go to holders of Initial Coin Offering Openledger (ICOO), a new asset.
A crowdfunding campaign will launch on May 20 for ICOO. This asset will enable holders to benefit from future ICOs by making proxy tokens available to trade before they launch, as well as investing in them.
The fund will buy assets from supported ICOs and generate tokens representing these on OpenLedger before the official project release. A part of ICOO assets are reserved for OBITS – a catch-all asset representing future and current initiatives in the CCEDK network.
ICOO will support other projects as well. These include the Obits-based blogging network, the BitTeaser advertising network, the Cadastral land contract asset, the DGX gold asset, and a reserve buffer and implementation budget.
“While the plan for CCEDK is to create an ecosystem that supports blossoming start-ups with blockchain-powered security and built-in marketing support, the greater goal is to establish an engine that truly reflects what the market wants, and puts capital where the market demands,” said Ronny Boesing, CCEDK CEO. “The Decentralized Conglomerate will help accelerate industry through a coordinated enterprise secured by the blockchain – but is ultimately powered and driven by its people.”
A white paper on CCDEK’s overhaul is being prepared by Larry Christopher Bates, chief security officer of Bitland Global, a blockchain-based land registry in Africa. Bates is based in Indiana and has Master’s degrees in cyber security and telecommunications, according to Forbes.
Bates, who has written about the theoretical application of the blockchain on the global economy, will present a “theoretical construct” for a new model of an economic ecosystem built on OpenLedger under CCEDK’s guidance.
The Decentralized Conglomerate idea has existed as far back as last October when BitShares, the Bitcoin 2.0 technology, launched on OpenLedger, a universal shared platform based on the BitShares 2.0 Massachusetts Institute of Technology licensed Graphene blockchain technology.
Images from Shutterstock and CCEDK.
Last modified: July 13, 2020 3:15 AM UTC