ArabianChain To Hold Digital Coin Swap

Announcements, Blockchain, FinTech, Investing | March 15, 2017 By:

ArabianChain, developer of the Middle East’s first public blockchain, is conducting a swap of its peer-to-peer currency DubaiCoin this Saturday (March 18) on Livecoin.net.

Users will need to create a Livecoin account to participate. Holders of DubaiCoin-DBlC will receive DubaiCoin-DBIX based on their DBIC balance in their Livecoin account. The swap will take one-to-two business days to clear. Conversion will be 10 DBIC for one DBIX, according to the company.

“ArabianChain will play an instrumental role in shaping the future of blockchain related innovation in the region,” said ArabianChain CEO Mohammed Alsehli. “We hope that DubaiCoin DBIX and our new blockchain platform will pave the way for cryptocurrency and alternative investment opportunities.”

All deposits received between March 13-16 will be awarded a one percent bonus of DBIX coins. Any remaining DBIC coins following completion of the swap will be burnt. “Livecoin will be sending all DBIC to a public wallet to be burnt,” Alsehli said.