Category: EXMO

THE EXMO COIN CROWDSALE TIMING UPDATED

Bitcoin Press Release: EXMO Cryptoсurrency Platform has announced that the start of the EXMO Coin (EXO) crowdsale will be pushed for two months. The team’s decision was caused by the rapid expansion of business, and the necessity to postpone the introduction of margin lending on EXMO platform. The update concerns the crowdsale dates exclusively, while the rest of terms and conditions remain as previously stated in their White Paper. The new EXMO Coin crowdsale timing is April 26 — May 26, 2018.

February 17th, 2018. London, England: It has been two months already since EXMO Coin crowdsale was announced.  EXMO are used to taking actions based on thorough calculations and analytics, nevertheless, even with EXMO’s expert team not able predict such a high public interest in the native EXO token. The quantity of requests to participate in the EXMO Coin crowdsale has exceeded all our forecasts by 3 times.

The EXMO Exchange

Starting from November 2017, at least 10,000 new users have been registering on EXMO exchange daily. Around the New Year 2018 time the number of closed deals on the platform has seen a 9 fold increase from that just two months ago. The number of those wanting to use margin lending has also grown significantly. Based on our marketing surveys, 6 times more users are expecting the new service to be launched on the platform than in October 2017.

Needless to say, such an active growth has pleased EXMO greatly, though it made the team reflect on the availability of the required resources. If EXMO initially had enough of them to run margin lending with a triple reserve, now, with the current trading volume and demand, we require some additional time to prepare them. According to our estimations, we will launch the public version of margin lending with the maximum efficiency in March 2018. Prior to that, EXMO will focus on resource development, as well as the closed service testing.

The EXMO Token Generation Event

Since EXMO Coin crowdsale is meant to create a financial buffer for margin lending on the EXMO platform, we consider it logical as well as optimal to shift its dates to April 26 – May 26, 2018. We believe that a more powerful start to the margin trading on EXMO will make our crowdsale even more successful and profitable for its investors, which will bring benefits to all!

What You Need To Know

The only change that affects potential EXO token holders is that related to the dates of the crowdsale. All the EXMO Coin crowdsale terms and conditions outlined previously stay relevant. All the EXMO Coin communication channels are available 24/7, and they continue to provide timely feedback and share information on the latest EXMO Coin news.

Unfortunately, the update on the crowdsale may appear with delays in other sources. To stay up to date with all the relevant information about our project sign up to the official EXMO Coin channels: EXMO Coin newsletter, Telegram, and Twitter.

Media Contact
Name: Sofia Neduzhko
Location: London, England
Email: crowdsale@exmo.com

Visit the Website: https://crowdsale.exmo.com/#press
Read the Whitepaper: https://blspace.nyc3.digitaloceanspaces.com/crowdsale.exmo.com/whitepaper
Follow on Twitter: https://twitter.com/Exmo_com
Chat on Telegram: https://t.me/exmocoin
Join on Reddit: https://www.reddit.com/r/EXMOCoin/
Read on GitHub: https://github.com/EXMOcoin/crowdsale
SteemIt: https://steemit.com/@exmocoin
BitcoinTalk: https://bitcointalk.org/index.php?topic=2494816.new#new

EXMO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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EXMO Cryptocurrency Platform to Launch Margin Loans With the Power of the Crowdsale

December 1, 2017, London, UK EXMO has announced their plan to introduce margin loans as the key feature of their platform, which will allow traders to earn more on currency fluctuations by borrowing extra funds. This will bring a whole new way of trading to over 700,000 loyal traders around the globe and numerous new ones, enabling them to trade cryptocurrencies on a bigger scale than they would be able to previously.

Under a margin loan, one borrows funds from a broker to buy or sell stock. EXMO will offer 1:2 leverages for a margin loan on the most popular BTC, ETH, and USD order books. More options will come in the future as the demand for the service  increases.

In order to cover the traders’ demand for margin loans, as well as to enable the overall platform development, EXMO will attract additional investment capital by issuing its very own token called EXMO Coin (EXO).

At the core of the upcoming crowdsale is the principle of giving the already-profitable platform an additional boost for rapid development. Half of the funds raised through the crowdsale will be used to cover the increasing demand for margin loans, and another quarter will be put into the overall cryptocurrency exchange development.

The rest will go into establishing the margin loan insurance fund, acquiring the necessary licensing for simplifying the fiat money transactions, and covering marketing expenses.

Ivan Petukhovsky, EXMO co-founder, explains:

“We at EXMO believe that cryptocurrency trading must offer the same variety of investment tools as ordinary trading. We look to the future and would like to foster this development through bringing the virtual and real economies closer, and giving more people opportunities to invest and earn with just a click. Issuing the EXMO Coin will enable us to satisfy the demand of hundreds of thousands of traders, and develop an even more resilient, reliable, and truly global exсhange platform.”

Token holders will receive 50% of the revenue derived from margin loans distributed among them in the form of dividends on a monthly basis.

Following the sale, the EXMO Coin will be traded on the EXMO Exchange in pairs, such as EXO/BTC and EXO/ETH, and later on with other currencies and altcoins, thus constituting another lucrative asset for its holder.

On top of that, EXMO announced its guaranteed token buyout, outlining the corresponding conditions and dates in their White Paper.

About EXMO

The EXMO Exchange was founded in 2013, and has showcased steady performance ever since. In fact, it saw a trading volume of $192 mln back in 2014, growing to $1.8 bln in 2017, and 591,000 deals in 2014 reaching 24 mln in 2017. Thus, the trading volume and the number of deals made through the platform grew by 9 and 40 times respectively in the course of 3.5 years. The client base swelled by 188% in 2017. This tends to be an essential dynamic to consider, as the value of EXMO Coin will correlate with EXMO’s overall performance, as well as exchange rates of other currencies on the platform.

EXMO will launch their token currency on February 26, 2018, and all the interested users will immediately be able to purchase EXMO Coin tokens. The crowdsale will last until March 26, 2018.

Additional crowdsale info: https://crowdsale.exmo.com/
Website: https://exmo.com/
Facebook: https://www.facebook.com/exmo.market
Twitter: https://twitter.com/Exmo_com
Telegram: https://t.me/exmocoin
Blog: https://medium.com/@exmocoin

Media Contact
Contact Name: Sofiia Neduzhko
Email: crowdsale@exmo.com

EXMO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

The post EXMO Cryptocurrency Platform to Launch Margin Loans With the Power of the Crowdsale appeared first on Bitcoin PR Buzz.

Source: BPRB Feed