[THE INVESTOR] Chinese blockchain company NULS is seeking a coin listing in Korea this year, luring local tech firms to join its modular blockchain platform that it believes will help them reduce time and money for incorporating the technology in their business.
The firm on Sept. 11 held a conference to introduce its business plans and pending DApp projects to Korean investors and corporate clients.
“We have finalized a deal with one of Korea’s top crypto exchanges. The listing will be made within the year,” Leisa Huang, CEO of NULS, told The Investor. She declined to reveal the name of the exchange operator citing deal conditions.
NULS CEO Leisa Huang
NULS specializes in modular blockchain architecture that allows its corporate clients to develop their own type of platforms for different needs. Companies with little or no technological expertise on blockchain will directly benefit from the platform. They can develop their own sub-chains by using a variety of different models, while reducing the initial spending and human resources to get started.
Its NULS coin is being traded at more than 20 exchanges, including China’s Binance, globally. Considering its price of US$1.12 apiece, the firm’s market cap is valued at about US$44.85 million. Its key strategic partners include Bitmain, the Chinese Bitcoin mining giant, and Thai-based Prism, a medical data and research firm.
NULS especially earned keen attention last month after getting funding from Bitmain co-founder and billionaire crypto investor Wu Jihan. The exact amount was not revealed.
During the conference, the firm also unveiled three Korea-based DApp projects running on the NULS platform. One of them is HENA, a mobile blockchain platform that incentivizes users for mining or watching targeted ads on their smartphones.
NULS that has been expanding partnerships in Asia overall pinned high hopes on its planned Korean launch considering it is one of the world’s largest crypto trading market and the powerhouse of promising blockchain projects carried out by both big companies and startups.
“The NULS platform makes it faster and cheaper for tech firms to adopt blockchain. We will continue to seek Korean partnerships,” the CEO added.
By Lee Ji-yoon (firstname.lastname@example.org)