- CoinBurp has teamed up with KuCoin to conduct its IEO through KuCoin Spotlight, an IEO launchpad.
- The crypto brokerage is also bridging CeFi and DeFi and providing NFTs through its DeFi and NFTs wallet.
CoinBurp is planning to conduct its Initial Exchange Offering (IEO) through a partnership with KuCoin, a leading crypto exchange platform. This will be marked as the 12th IEO project for KuCoin Spotlight, which is KuCoin’s IEO launchpad.
Founded in 2014, CoinBurp has grown to become one of UK’s most popular and credible peer-to-peer (P2P) crypto brokerage platforms. The trading platform is approved by the Financial Conduct Authority (FCA) and ranked UK’s top on TrustPilot.
CoinBurp token ($BURP) and the CeFi and DeFi platform
As the governance token, $BURP will allow holders to participate in decision-making initiatives. Additionally, the token can be used by investors to stake on CoinBurp’s non-custodial wallet.
Notably, CoinBurp’s collaboration with KuCoin will take the token’s public sale live. Interested parties can therefore become initial holders of $BURP. KuCoin Spotlight has raised the quota for the token’s distribution to 2,272,727 BURPs.
According to CoinBurp, the $BURP token supply will be limited to a 500 million maximum, a value that may be achieved by 2028. 57 percent of the token’s supply will be owned by end-users. During the public sale, 1 percent of the token’s supply will be available. There will be no locking up period, thereby allowing investors to trade it from the first day.
In partnership with Outlier Ventures tech accelerator, CoinBurp has raised $6 million to further advance its CeFi and DeFi platform. Already, the CoinBurp.com website is available for CeFi. CoinBurp is now developing an Ethereum-based DeFi wallet underpinned by the $BURP token and the DAO.
Moreover, CoinBurp has incorporated the UK Faster Payments Service for deposits in British pound sterling. It has also integrated open banking for European residents to ease direct deposition into their Euro wallets.
Major developments
In other developments, CoinBurp has been making efforts toward launching a user-friendly crypto application for discovering, buying, and sending NFTs.
Through CoinBurp’s NFT Market and Raffle, users will have the chance of winning prizes in the form of rare NFTs from the platform’s partners. These include The Sandbox, NFT Boxes, Avastars, Polychain Monsters, Ethermon, CryptoProphecies, ChainGuardians, among others. These NFTs will have bigger staking multipliers, bringing in more gains for investors through the $BURP token.
Launched in April, CoinBurp’s alpha version of its DeFi and NFT Wallet was very much welcomed by the community. This version was the initial plan in the roadmap to making DeFi and NFTs universal. The next version of the wallet will be launched in September, harmonizing the OpenSea P2P NFTs marketplace with the fiat currencies EUR and USD.
Of importance is participation from token holders to achieve CoinBurp’s mission of making NFTs globally accessible and redefining digital ownership. This will also improve the $BURP token utility.
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