Equibit to launch blockchain OTC trading platform Beta test and crowdfunding

Rage Comment : Equibit Development Corporation is a blockchain-based securities registration platform that supports over-the-counter trading management. It has completed super node deployment and is about to enter the Beta testing phase. It plans to start crowdfunding Equibit tokens in January next year, with a scheduled issuance of 21 million.

Translation: Annie_Xu

EDC (Equibit Development Corporation) is building a blockchain-based securities registration platform to manage over-the-counter equity transactions and support dividends in the form of Bitcoin. The installation of the supernode, which can execute all encryption programs in hardware rather than software, has been completed. This means that EDC will soon enter the beta testing phase of its blockchain over-the-counter securities trading platform.

Participants in the beta testing phase include financial institutions and other users.

New digital currency node

Supernode is the first cryptocurrency node to perform all cryptographic procedures in hardware, including encryption, decryption, private key generation and digital signatures; rather than running in software. It has obtained FIPS140-2 Level II certification from the Crypto Module Validation Program.

Chris Horlacher

Chris Horlacher, CEO of EDC said:

“Supernodes are the foundation of our product line, providing high-speed services and industrial-grade security to companies that want to adopt the Equibit network without having to maintain IT infrastructure or deal with compliance and security challenges.”

Equinix operates nodes

Equinix has more than 14 million square feet of business space worldwide and operates more than 145 organizations. The first Supernode is located in Equinix's TR2 data center in downtown Toronto, Canada. This is a building with more than three floors and more than 100,000 square feet of hosting space.

Cloud solutions provider AirGate Technologies will help Equibit distribute its software through Amazon Web Services, Microsoft Azure and Google Cloud Platform to support the EDC project. This will allow companies to deploy Equibit regular nodes in the cloud and ensure the security of the network by increasing computing power.

EDC plans crowdfunding project

EDC plans to launch Equibit token crowdfunding in January next year, with an estimated issuance of 21 million tokens, with the first batch of 1 million participating in pre-sale. Each token can be divided into 8 parts, representing equity units and transaction fees on the network.

EDC recently began its seed funding round, issuing 10 million shares of common stock to investors.