Cryptocurrency exchange EXMO has introduced a sale of EXO (EXMO Coin) tokens to fund margin financial loans performance for traders.
In accordance to the spokespersons for the organization, margin financial loans will allow in excess of 700 thousand users of the system to trade cryptocurrencies on a more substantial scale. EXMO will supply leverage of 1:2 for BTC, ETH, USD, and RUB with a lot more solutions rolled out as the demand from customers for the services grows.
“The traders will have 50% of revenues from margin financial loans. They will be dispersed on a month to month foundation as dividends. The moment offered, EXMO Coin will be tradable at EXMO in EXO/BTC and EXO/ETH pairs,” the spokespersons for the exchange mentioned.
Notably, the crowdsale will be powered by the answer designed by Blockstarter. Thanks to the answer, one will be capable to buy EXMO Cash straight with many popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dash, and Zcash.
Ivan Petukhovski, the exchange’s co-founder, explained the organization chose Blockstarter as a technical lover in their crowdsale simply because they could supply a working technical answer proper absent. Moreover, EXMO Exchange and Blockstarter teams were capable to come across a prevalent floor, which is important for operate on complicated assignments. Nevertheless, he added, the availability of carefully examined architecture of fundraising and token issuance was the most important concern as it ensured transparency of the entire method.
“Access to the wallets in which traders will send their property will be managed by EXMO. Blockstarter will know only the addresses connected with the traders. So, the project ensures protection of fundraising,” the crowdsale’s organizers say.
EXMO Coin will be issued on February 26th, 2018. The sale will very last until March 26th. The group programs to increase $300 million.