KuCoin lists Aigang while flagging delays on BOScoin launch
AIX is now available, but BOS traders will need to look elsewhere.
The latest news on KuCoin is that Aigang is joining the platform 12 January, while the scheduled launch of BOScoin has been delayed indefinitely due to technical difficulties.
The Aigang token (AIX) has been added to the growing list of tradable currencies on the Chinese exchange site. Traders on the platform will have access to two major trading pairs for the currency once it lists: AIX/ETH and AIX/BTC.
Aigang is a relatively new arrival on the cryptocurrency scene and offers a blockchain solution for the insurance industry, incorporating support for smart contracts. It aims to demystify the insurance process so that traders can get involved in the sector using a peer-to-peer model.
It is not in itself an insurer but creates a protocol layer offering the tools necessary to provide digital cover for Internet of Things (IoT) devices like sensors. The DAO insurance service protocol makes it possible to build accurate prediction markets.
Meanwhile, today’s scheduled launch for BOScoin on KuCoin has been postponed indefinitely. According to the KuCoin team, this delay was the result of incompatibility problems between the two systems.
KuCoin says that it would not be impossible to launch the token at present and that doing so would pose a considerable risk to its community.
Since its inception last year, KuCoin has been a worthy contender in the competitive Chinese crypto landscape. In fact, its launch came at a time when regulatory authorities in the country were making it extremely difficult to trade in digital currencies.
The exchange platform has taken a different approach from most others, targeting its services to foreign clients. It has also set itself apart by offering currencies that seem somewhat controversial. For instance, choosing to trade in ERC20 tokens at a time when the Chinese government was cracking down on ICOs seemed rather risky.
Another aspect that makes it different is the fact that it has its own token, KCS, and an associated bonus plan.