Metaverse-developed NUVO tokens to list on South Korean cryptocurrency exchange

Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Friday that its cryptocurrency NUVO token will be listed to the public starting on June 24.

NUVO tokens, the digital asset of the Nuvo blockchain network, will be available on the South Korean crypto exchange Probit. The listing follows a two-stage Initial Exchange Offering in April and May.

In December, the Vancouver-based company was commissioned to help develop the blockchain network and oversee sales of the token by UK-based Nuvo Cash Ltd.

The purpose of the coin is to determine users’ commitment to the Nuvo blockchain network. Members can earn tokens by posting, sharing and commenting on content. Deposits for the token are being accepted as of today.

READ: New cannabis-focused social network launches on Metaverse’s Nuvo blockchain platform

“Ever since we partnered with Nuvo Cash, we have always known that blockchain and crypto can do great things for social media networks,” CEO Shidan Gouran said. “Now that Facebook has officially announced its Libra cryptocurrency, this validates that notion in a very significant way; though social communities on the Nuvo blockchain will deliver much greater value to users.”

Separately, the company reached an agreement to send all its NUVO tokens to Cannadex Labs Inc in exchange for a 25% stake in its equity. Cannadex played a role in creating the Nuvo network and is developing a version 2.0.

On May 6, Cannadex and Metaverse announced plans to develop the Cannadex Exchange, a commodities exchange expected to launch in the fourth quarter of 2019.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Story by ProactiveInvestors