Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF), which facilitated the launch of the NUVO token, announced Tuesday that the cryptocurrency would undergo a trading competition this week.
The trading competition will last until Thursday and award prizes to the ten users who trade the most tokens. To encourage movement, participants will be incentivized to trade NUVO tokens in pairs with Tether, a crypto tied to the US dollar, or won, the currency of South Korea.
On Monday, the NUVO token was officially listed on the South Korean crypto exchange Probit, following an Initial Exchange Offering overseen by Metaverse.
The company's stock was flat at C$0.02 on the CSE and increased 2.7% to US$0.02 on OTC Markets.
In December, the Vancouver-based company was commissioned to help develop the Nuvo blockchain network and oversee sales of the token by UK-based Nuvo Cash Ltd.
"The crypto markets have been enjoying some rapid, consistent growth, and we are happy to be working with Nuvo Cash in bringing the NUVO token to market among these favourable conditions,” CEO Shidan Gouran said. “Overall crypto market capitalization is now at more than USD $325 billion, which is what it was at the beginning of December of 2017, during crypto's first major upswing.
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