Web 3.0 Short-form Video Platform ZikTalk signs custody contract with KODA

SEOUL, South Korea, March 3, 2023 /PRNewswire/ — ZIKTALK, a web 3.0-based short-form video platform, announced on the 3rd that it signed a virtual asset customization (trust) contract with KODA in the beginning of this year.

Through this contract, the ZikTalk Foundation will keep the ZikTalk token in KODA‘s “virtual asset consignment service” system. KODA will keep the volume of ZIK tokens and distribute them to the market according to the schedule planned by the ZikTalk Foundation in the white paper to provide stability and transparency of virtual assets.

$ZIK is currently listed on digital asset exchanges Probit Global, Hotbit, Digifinex, and L-Bank.

KODA is a virtual asset consignment service company established by KB Kookmin Bank with blockchain technology company Hatch Labs and blockchain investment company Hashed and provides one-stop digital asset consignment specialized services to corporations and institutions. 

Through this contract, the ZikTalk Foundation plans to manage virtual assets more safely and transparently by using KODA‘s custodial services according to the appropriate standards required by certain financial information laws.

“As ZikTalk aims for a growing Web 3.0 service with all participants who contributed to the platform’s growth, transparency and stability of digital assets held by the foundation are paramount,” a ZikTalk official said. “We plan to strengthen the brand’s trust by entrusting and managing ‘ZIK’, a digital asset, according to the disclosure schedule.”

Meanwhile, ZikTalk is a short-form video platform that provides ZIK tokens as rewards to creators who watch video content or upload video content. The Ziktalk application has more than 1.1 million users, mainly in Southeast Asia such as Vietnam, Indonesia, the Philippines, and Bangladesh.

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