Chinese Blockchain leaders – SZZC Group in collaboration with сrypto bank CyberTrust agreed on creation of the Chinese-Russian cryptocurrency Fund and on the launch of initiatives to support innovative ICO projects from China and Russia on the basis of KICKICO cryptocrowdfuning platform.
Since appearance of bitcoin, China keeps pace with digital currencies, naming them more stable assets and even developing its national cryptocurrency – the renminbi. Country’s Royal Mint invests into digitizing yuan and promoting Blockchain technology. No wonder all this China’s passion for cashless assets yield great results and equally important numbers – SZZC Group, one of the biggest Chinese cryptocurrency exchange market controls about 20 per cent of total ICO retail market, and its founder Eric Gu is sure that this number will tend to grow, in particular, though сhanging the weather vane to the north.
“The Chinese market is one of the biggest player in a cryptocurrency world, local investors are searching for innovative and promising projects out of their country, and many of them look at Russia in terms of perfect combination of highly potential projects, rich with talented people and new advanced technologies. Currently, Russian startups have limited access to world venture capital, that is why together with our partners from CyberTrust and KICKICO we have decided to create the Fund, which will help us to meet our interests”.
Chinese-Russian Cryptocurrency Fund will support innovative projects both from Russia and China, moreover, the Fund aims to develop necessary infrastructure for the emergence of new projects and the adaptation of Blockchain technologies in these two countries. The primary volume of the Fund will be 100 million dollars in a cryptocurrency equivalent (BTC), but Eric Gu believes the increased interest of Chinese investors in the project will help to attract additional investment of 100 million dollars.
Another initiative within the framework of cooperation is the strategic alliance, signed between SZZC Group and KICKICO, whose goal is to promote the Russian ICO projects in China and, accordingly, the Chinese ICO projects in the Russian Federation. Over the next year, partners plan to conduct about 100 cooperative ICO projects. Eric Gu adds: “I am confident that by joint efforts we will be able to significantly accelerate and even revolutionize the development of the Blockchain industry in both countries. “
Absolutely unique and one of the cooperative projects is creation the first in the world cryptocurrency exchange based on RUB-book functions serving huge institutional investors – CyberEX.
This concept belongs to CyberTrust and C2CX – a third-generation trading platform for managing digital assets. CyberTrust will provide 10 million dollars equivalent in the cryptocurrency to launch and maintain the operational activities of the exchange market. For its part, C2CX will provide the working capital of trade liquidity amount to 150 million dollars equivalent, as well as they will provide innovative technological tools with a wide functionality, which are familiar to serious “fiat” trading companies, adapted to work with digital assets.
The founder of CyberTrust, Yevgeny Khata stated:
“The appearance of the Chinese-Russian Cryptocurrency Fund will help many promising Chinese and Russian startups, technologies and business models to converge. Together, KICKICO, CyberTrust and C2CX will create the infrastructure that will help to increase the crypto-economy and actively develop Blockchain technology in Russia and China, and our alliance will help our countries to become the leaders of the new economic paradigm in the next 5 years”.
It is noteworthy that all these large-scale plans will be embodied on the KICKICO platform, the first world’s 3-in-1 platform for ICO’s, crowdfunding and crowdinvesting, recently succeeded to demonstrate overwhelming results with its pioneered launched ICO, which collected the goal of 50,000 ETH within 20 hours and entered the list of TOP-3 Russian ICO’s. Creation of 2.0 generation future of Blockchain crowdfunding will be in arm with CyberTrust, who holds 10 per cent of the company and will provide Escrow services and a wide range of banking services for KICKICO in Zurich, London and Shanghai. KICKICO’s СEO Anti A.
“Asian direction is the most promising for us because the Chinese market is one of the most significant players in this field as it shows the exponential growth in crypto-economy. I am sure that our long-term cooperation will not only significantly influence the development of the KICKICO platform, but will also attract a huge number of Blockchain innovators both from Russia and China, and create interesting relations and synergies”.