FKRW Market Set to Launch on Tokencan

The First Korean Won Based Pairing on a Non-Korean Exchange

The Super Alki Foundation (CEO Cho Kang Ho) along with Hong Kong cryptocurrency trading platform Tokencan (CEO Steven Yee), will launch a new cryptocurrency-based trading pair and market, the FKRW market.

FKRW, meaning FINPLE + Korean Won, is a cryptocurrency (stablecoin) with a value fixed to the Korean Won, such as USDT (tether dollar). FKRW will maintain its value in the market at a 1:1 ratio with the Korean Won (1 won = 1 FKRW), and acts as a stable currency. The FKRW market is scheduled to open towards the end of September, starting with the top 10 cryptocurrencies.

The two companies announced that they would further strengthen strategic alliances through an equity swap agreement. Through this partnership, both companies seek to create a stronger, cryptocurrency financial ecosystem. Both companies will leverage their business networks along with the FKRW market as a path to strengthen the links between cryptocurrency and fiat currency. Further, facilitating the transitions from cryptocurrency to fiat currency and vice versa.

“We will expand the FKRW market to other markets, starting with the Hong Kong-based Tokencan FKRW Market this month,”

— said Mr. Cho, CEO of Super Alki Foundation.

Tokencan Boilerplate:

Tokencan is a Hong Kong Based cryptocurrency asset trading platform that has been providing token issuance and liquidity services since 2017. Tokencan has a daily volume of roughly 130 million yuan (estimated18.2 Million USD) and is highly interested in the Korean cryptocurrency market. By being the first overseas exchange to launch Korean won support, it hopes to gain support in Korea.

FINPLE Boilerplate:

FINPLE is a next generation blockchain technology and financial platform. Stemming from the words “Fintech” and “Simple,” the FINPLE platform focuses on efficiency. By entering the FINPLE ecosystem, companies will have access to blockchain technology, allowing them to integrate blockchain into their businesses efficiently. The FINPLE platform also provides financial support to projects for quick and necessary growth. The ultimate goal is to create an ecosystem of growth and synergies among the companies in the platform and to pass that benefit to the users in the ecosystem.