requirements , the exchange has begun a Second Coin Offering ( SCO ). The SCO will help fund these “ ICO-as-a-Service ” ( IaaS ) features . Essentially , IaaS is a premade template for those seeking to hold an ICO based on Waves . This much-needed service eliminates the need for potential ICO creators to hire web designers to create a platform to host their ICOs . All that is needed to use this service is for ICO creators to set the terms , for example , minimum or maximum funds they wish to collect , and then send the tokens to the Kuna Exchange website .
The ICO service will be one of a kind in that there will be built-in unique features . Firstly , ICOs will be a bidding war rather than a traditional “ first in best dressed ” system . The higher the rate per token the investor is willing to pay , the more likely their orders will turn into token offered . Users can continue to bid higher and higher by canceling old orders and putting in new orders . At the end of the ICO , tokens will be awarded to the highest bidders .
BlockChain News
Secondly , as soon as the ICO is over , a “ side order book ” will appear where anyone can buy or sell these newly created ICO tokens immediately . These side order books are not official Kuna Exchange pairings so users are warned in advance of the dangers of unvetted order books . If there is a lot of liquidity , and the token is vetted , then the token is likely to be added to the main exchange .
All of these services will be provided free of charge . The model is that these side markets , as well as potential markets moving to the main exchange , will provide enough liquidity to make a profit off transaction fees . These transaction fees will be the source of revenue sharing for exchange investors in the future .
One of the great appeals is that it will be marketed and focused on the ex-Soviet Union like Russia , Kazakhstan , Azerbaijan , Georgia , Armenia , Belarus and Turkey . As of late , this region of the world has started to embrace cryptocurrency technology with open arms . It is the focus of Kuda Exchange to initially market to these countries ; the great untapped cryptocurrency market .
In order to participate in this ICO , head to https :// kuna . io , sign up and place an order .
15