The Ukrainian bitcoin agency will sell 10% share of its new platform. The auction starts on 13 December and will last till Christmas day. The launch of the new project is scheduled for January/February 2016.

The first Ukrainian bitcoin exchange will be launched by KUNA bitcoin agency without using a centralised bank account or trade volume limitations. This will allow for fees as low as 1%. At the same time the exchange will be legal.

Anyone will be able to take part in seed funding via blockchain, while all revenue will be collected in bitcoins. The minimum amount of investment to be gathered in this round is 100BTC. It will be used to develop software and to launch the new bitcoin exchange. In case the target sum of 100 BTC is not reached, the money will be returned to investors.

The sales statistics will be displayed in open access on the KUNA's website. The marketing of the new platform will be handed to an unnamed market player who already owns another 10% of the shares. The organisers intend to spend 10% of income in bitcoins on social projects related to education, children and e-government blockchain technologies. The investors will be able to vote for specific charity projects on the website of the exchange.

In November Bitcoin Foundation Ukraine announced a project to set up an E-Governance system in Odessa in collaboration with Innovecs, an American business technology outsourcing company. In January 2016 the Ukrainian city of Lviv will become the second town to host Blockchain Incredible Party conference, which will bring together speakers from Cubits, Cointegraph, Kuna Bitcoin Agency, AdaptiveSky,CEX.IO, Kraken, Tembusu Systems, Bitalo AG, KOINA AG, GHash.io, as well as members of the Board of National Depository of Ukraine and Innovations and Development Foundation.

Sonya Belova