Lykke Vanuatu and Binary.com, a binary options trading platform, today announced an agreement to list tokens from the forthcoming Binary.com IPO on the blockchain on the Lykke Vanuatu Exchange. Following the ‘blockchain IPO’ event, which is planned for late 2017, investors will be able to buy and sell Binary tokens on the Lykke Vanuatu Exchange, along with its wide variety of currencies.
“We are delighted to be partnering with Binary.com,” said Sergey Ivliev, Director of Lykke Vanuatu. “They have been a pioneer of online trading since 2000, and with this, their first IPO on the blockchain, they are once again demonstrating their forward-looking approach and their readiness to embrace cutting-edge ideas. Naturally, we believe that the Lykke Vanuatu Exchange is the logical home for Binary.com digital tokens.”
Why Crypto Payments Can Change the WorldGo to article >>
Binary.com considered a traditional IPO, but ultimately decided against it. Jean-Yves Sireau, founder and CEO of the company, explained: “An IPO on the blockchain breaks down barriers for us. We are able to reach a wider selection of potential investors, we can lower our trading costs, and we get a lasting audit trail of transactions.”
The company explains that Binary.com will issue ‘smart’ tokens, which, in addition to possessing value of their own, confer rights to their holders, like shares of stock. Binary tokens will come with two rights: to receive yearly dividends and to convert the tokens into ordinary shares. To obtain these rights, traders need only purchase one or more tokens from the exchange once they become available.
“We are looking forward to being listed on Lykke Vanuatu Exchange,” added Sireau. “We are anticipating a good result.”