ZUG, Switzerland, March 28, 2019 /PRNewswire/ — Blockchain specialist KRONN Ventures AG generated considerable buzz on Monday (March 25^th) after successfully launching BitForex, a new global exchange based in Singapore.

BitForex saw a sharp rise in its share value of 32% on its opening day alone. This followed the launch of Korean Won exchange, Bitsonic, on March 8^th.

Following a deal between KRONN Ventures AG and Vietnam’s largest distribution company, the Linh Thanh Group, The Street and Morningstar reported that the company is also expanding into Southeast Asia, including both Korea and China.

KRONN Venture AG have also developed KRONN: a new specialist cryptocurrency for foreign exchange transfers that uses both blockchain and Artificial Intelligence technologies to resolve the problems of SWIFT, the international money transfer system that most banks still use. As such, the KRONN Network is able to provide an almost real-time international money transfer service, and with 85% less commission to boot.

In an interview, Rucy Jung, CMO of KRONN Ventures AG, explains that the KRONN Network is a structure through which all the world’s cryptocurrency can be directly connected to the bank through KRONN:

“The aim is to create ‘digital gold’: faster and easier distribution than USD for ‘individual to individual’, ‘individual to bank’ and ‘bank to bank’ transfers.

“The KRONN Network is a system which requires both a bank and a cryptocurrency exchange,” she adds. “This allows all the cryptocurrency in the world to be easily converted to KRONN and therefore connected to the bank.

“This enables foreign exchange transactions 24 hours a day, 365 days a year through cryptocurrency exchange.”

In the process, KRONN holders are also given dividends through POS. KRONN is trading at W300 (roughly USD 0.29) on the Korean exchange platform Bitsonic as of March 8^th and is currently trading at USD 0.8 on BitForex.

There will be an airdrop event from the 25th to the 29th March in which the purchase of more than 300 pieces of KREX will be available for 2 hours every day between 5pm and 7pm. These then cannot be traded in until the end of the event, for which the holders will receive an additional 5% of the KREX they have amounted.

The current total amount of issued KRONN is 988 million, with 50 million in circulation.

Click here for more information: https://www.BitForex.com/en/trade/spotTrading?commodityCode=KREX&currencyCode=BTC

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SOURCE KRONN Ventures AG