VELIC Crypto Exchange Plans To List ICON-based dApps

The ICON Foundation today announced an update in cooperation with VELIC crypto exchange, which had previously participated in the development of the ICX Station accelerator program, and with which the strategic partnership was signed in January of this year.

Thanks to the development of the partnership, VELIC will support the ICON-based dApps’ listing on its platform. ICX Station, being a partner as well, will be able to provide projects coming from the accelerator program. VELIC will support the IRC2 standard, thereby removing potential barriers in search of liquidity for any token project based on ICON.

VELIC plans to conduct its own due diligence procedure for each token, with the following procedures of consulting and fundraising support through IEO, IAO (Initial Auction Offerings).

“In order to vitalize the DApp ecosystem, securing a distribution channel for cryptocurrencies is crucial. ICON, upon through the cooperation with VELIC, will increase user accessibility for high-quality blockchain projects and accelerate the expansion of blockchain ecosystem.”

— says Jonghyup KIM, Council Member of the ICON Foundation.

Image courtesy of Medium blog of ICON