Mt.Gox Founder to Airdrop NFTs
Mark Karpeles, the former leader of the now-defunct Mt.Gox Bitcoin exchange, has announced his new venture, UNGOX. This company will serve as a global rating institution for cryptocurrency exchanges, committing to fostering improvements in transparency, technology, user relations, and regulatory matters.
Established in July 2010, Mt.Gox once commanded an impressive 80% share of the global Bitcoin trading market, primarily focusing on automated trading mechanisms.
In February 2014, a significant hack led to Mt.Gox losing the majority of its digital assets. Notably, in January 2018, Coincheck disclosed a theft amounting to around $532 million.
In an interview Mark Karpeles believes he has learned from past errors and is now positioned to deliver over $6 billion worth of Bitcoin back to the market.
With the value of the lost Bitcoins rising over the years, returning them could prove intricate. Karpeles's innovative approach involves distributing NFTs to former Mt.Gox users. These non-fungible tokens will grant those affected lifetime complimentary access to the new UNGOX platform and its services, provided they can verify their previous account.
Before its downfall, Mt.Gox had an impressive client base of over 1 million individuals. Karpeles plans to distribute 1,066,097 tokens corresponding to this number.
Mark Karpeles is targeting a launch for UNGOX by the third quarter of 2022.
Stay updated on cryptocurrency distributions within our platform. Airdrops Calendar .
Read related posts:
- In an unusual blurred video, Mark Zuckerberg showcases Meta’s Project Cambria virtual reality headset.
- Optimism has launched an air drop alongside the Optimism Collective initiative.
- Privacy Policy
Disclaimer
In line with the Trust Project guidelines It’s essential to understand that the information shared on this page should not be viewed as legal, tax, investment, or financial advice. Always invest responsibly within your means and seek independent financial guidance if necessary. For detailed clarity, please review the terms and support resources provided by the relevant issuer or advertiser. MetaversePost strives for accuracy and impartiality in reporting, but market conditions can fluctuate without prior notice.
