SpaceChain, a community-based space platform, has announced that its SPC token is now tradable on CPDAX (Coinplug Digital Asset Exchange), a digital asset exchange launched by Coinplug in 2017. CPDAX lists SpaceChain’s Ethereum-based SPC ERC-20 tokens and offers South Korean Won fiat pairing – SPC/KRW.
Coinplug claims to be one of the world’s top blockchain family patent holders and has been pioneering blockchain development and cryptocurrency trading since 2013. The company was the first in Asia to commercialize a private blockchain and has helped many companies and organization, in both the financial and public sectors, implement blockchain technology into their existing operations.
Singapore-based SpaceChain is combining space and blockchain technologies to build the world’s first open-source blockchain-based satellite network, allowing users to develop and run decentralized applications in space.
SpaceChain’s SPC utility token serves as a method of payment for access to applications built and utilized on its platform in space. Hence, its token is used within the SpaceChain ecosystem in the same way that payments are transferred digitally online.
“SpaceChain is excited about our partnership with CPDAX and with their community of supporters. The local fiat pairing with SPC utility tokens allows us to expand our reach in Korea and simplifies the Korean community’s access to SpaceChain’s products and services,” says Zee Zheng, co-founder of SpaceChain.