OKEx set to launch second token sale for ALLIVE (ALV)

Maltese cryptocurrency exchange OKEx will launch its second token offering on the OK Jumpstart platform next week, with blockchain-based healthcare solution ALLIVE (ALV) looking to raise capital.

The Initial Exchange Offering (IEO) will go live on May 16. It will be only the second project to go through the process of launching its token on OK Jumpstart after Blockcloud (BLOC) successfully raised funds on April 10.

Interest in the ALV token sale is thought to be high as the BLOC sale was oversubscribed by 100%.

“ALLIVE simply captures the essences of blockchain technology by applying it to new use cases. It sets a good example in demonstrating how the technology can transform healthcare procedures and improve our lives, such as making electronic medical records more readily available for doctors to access without sacrificing the security of our personal data,” said Head of Operations at OKEx Andy Cheung via an official press release.

Cheung, who spoke to Coin Rivet during Paris Blockchain Week, continued: “We have experienced the tremendous growth that blockchain technology brings to our financial system, but the power of blockchain is limitless. We can also use it to establish a sustainable smart health community to enhance the healthcare ecosystem, so it can be more accessible and more affordable for everyone.”

OKEx has been making strides to combat misinformation in the blockchain space over the past week, agreeing to participate in the Data Accountability and Transparency Alliance (DATA) initiative alongside CoinMarketCap.

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