Chinese Blockchain VC Joins CoinDash as Advisor and Investor

CoinDash, the cryptocurrency social trading and portfolio management platform whose ICO was hacked last month, has announced that Chinese venture capitalist Xiaolai Li, founder of INBlockchain (硬币资本), has joined the project as advisor and investor.

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CoinDash commented about this: "Our China office is a key factor for CoinDash’s growing community. We are proud to have strong supporters from the Chinese market on our side as Tony Tao - NEO CEO, FBG group and others. Now we are excited to tell you about another giant joining on.

As one of the earliest and biggest investors in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in China, a global leader in the Crypto space and owner of the leading Chinese Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Yunbi, we are confident that Xiaolai Li will be able to provide us the needed knowledge and support for scaling our operation in China and abroad. Having an advisor off Xiaolai’s caliber can help CoinDash establish its brand and presence in both China and around the world."

In other positive news for CoinDash investors, its native token CDT has seen an impressive jump in price since the majority of the tokens were distributed, and trading volume reached more than $10 million daily. Starting at about $0.027, the price is now about $0.21 - an increase of roughly 677%.

The team wrote to investors: "We are well aware many of you are interested in seeing CDT on major exchanges. As we said all along, we are not looking for interacting with exchanges solely for the sake of being traded there. We are looking for cooperation and integration with different exchanges for the purpose of bringing real benefit for our users.

Make no mistakes, we are working on an effective solution as we speak, those of you who are eager to trade CDT may find it available on several exchanges. It is safe to say that thanks to CoinDash, decentralized exchanges such as EtherDelta has proven themselves quite efficient and reliable."