Despite the national enthusiasm for cryptocurrency, the government acknowledgement of its need, and many a luminary emerging from the country, the Reserve Bank of India (RBI) continues to push for banks not to deal with any entity dealing in cryptocurrency.
These draconian restrictions have not only been detrimental to the growth of one of the fastest growing crypto industrys in Asia, but has also brought about untold hardship to many. This hardship is what Bitxoxo is set to eliminate.
An Innovative Ecosystem
Having incorporated in Australia and its sights set on expanding into Singapore and the Middle East, Bitxoxo is now on the verge of completing all regulatory requirements to run its legally compliant cryptocurrency exchange in the country. Billed as India’s fastest exchange, Bitxoxo offers a 24 hour, 7 days customer support service with the lowest processing time, fastest account verification procedure, multi-signature HD wallet, and instant withdrawals. These capabilities have been instrumental in attracting the attention of prominent Bitcoin influencers, Roger Ver (Founder & CEO, Bitcoin.com) and Mate Tokay (COO, Bitcoin.com), who have not only thrown their weight behind the platform, but have also played critical roles in expanding the company’s operations out of India.
Envisioning a world where Bitcoin and BCH will be the only basic unit of currency required for all exchange of values across the globe, Bitxoxo has launched its public token sale after successfully completing its pre-sale event on 30th of April, selling 5 million XOXO tokens. The token sale, which goes live on the 5th of May to the 31st of May, 2018, will help fund the further expansion of the company and the creation of innovative services and products. 10M XOXO tokens will be on offer throughout the event at a $2 per token.
Bitxoxo has also further revealed that contributions to the Token Generation Event will fund the creation and development of a BCH ecosystem including a Marketplace, an e-University certification program for BCH, and a PoS-enabled system for the cryptocurrency.
Bitxoxo will also be utilizing the funds gathered during the TGE to expand into the Singapore and UAE, while tailoring its operations in Australia for the finest possible experience for customers. while expanding the company’s operations in Australia.
Leading Advisory Team
Bitxoxo’s development is being informed by some of the leading blockchain advisors including: NYC and Caymans-based Crypto Hedge Fund member, Stephen Drew; legal luminary and founder of leading Law firm Lehman Walsh in Australia, Janya Eighani; certified accountant and legal authority, Bruce Jeong, who also boost of experiences in private equity and is the COO of New York Consulting Group. Others include Laura Zaharia, Robby Schwertner, Sydney Ifergan, Boris Otonicar who have all joined the advisory board to further guide the development of the project.
Bitxoxo has been operating in India since July, 2016 and has been incorporated in the country by Hesham Rehman and Mohammed Rezwan, who now serve as the company’s CEO and COO respectively. The company has proven popular in the country with 100,000 active users in late 2017. Buoyed by increasing demands for its services on mobile platforms, Bitxoxo launched both Android and iOS versions of its product to to bring ease, accessibility, and innovation like the World’s first Bitcoin prepaid gift card and Token Sale Launchpad.