Damex.io, a company operating in the digital asset space and based in Gibraltar, has disclosed plans to initiate an Initial Exchange Offering (IEO) for its utility token. The IEO is set to take place on April 19, 2023, and will be hosted on the Damex app, as well as two yet-to-be-revealed launchpads. The app is designed to offer many features and incentives to those holding the $DAMEX native token, all of which can be accessed through the platform’s cutting-edge interface.
Breaking news 🔥
We are thrilled to announce #Damex Token will launch on the 19th of April 🚀
😎 With #DamexToken, our users will have access to exclusive benefits, such as lower exchange fees, VIP Premium membership, higher cashback and more.#token #utilitytoken #launching pic.twitter.com/O9I5uxo2cY
— damex.io (@damex_io) February 22, 2023
$DAMEX: Premium token perks
With the $DAMEX utility token, users can enjoy exceptional benefits such as enhanced cashback, VIP premium memberships, and reduced exchange fees. In addition, the digital asset firm has introduced a staking mechanism for their native currency, which enables users to earn rewards for staking and participating in various activities.
Damex intends to introduce the Damex token on various platforms, with its initial availability being on Ethereum. The company then wants to connect the token to other networks, including Solana, BSC, and others. By utilizing the flexibility of its native token, Damex hopes to optimize its users’ investment possibilities.
Damex will conduct its Initial Exchange Offering (IEO) on April 19, 2023, via the Damex app, accessible in the UK and the European Economic Area (EEA). The Damex app provides several benefits, including cross-border remittance trading, OTC desk services, cold storage, a Visa Card program, and numerous step2earn features. Individuals worldwide can participate in the IEO by selecting one of the two upcoming launchpads, which Damex will reveal soon.
OTC services with gamification: Damex
Damex is a finance application for digital assets that integrates a gamification layer called “step2earn” and offers over-the-counter (OTC) services. It is worth noting that the company holds a DLT license from the Gibraltar Financial Services Commission, which aligns with the forthcoming EU regulations regarding distributed ledger technology (DLT) assets.
Damex is actively preparing for the increasing regulatory challenges within the cryptocurrency industry. The company has garnered a strong reputation, obtained a special Gibraltar DLT license, and adheres to the Guernsey Financial Services Commission (GFSC) regulation.