Financex is building a global trading platform for quality assets. There are currently thousands of cryptocurrencies currently trading on various exchanges around the world.
FinanceX is a new generation cryptocurrency exchange that allows traders to directly trade cryptocurrencies for real money. Several payment methods will be available and Fiat-crypto peers will be available for most of the countries in which the exchange is open.
With the number of global cryptocurrency exchanges now in excess of 250, there ought to be more than enough platforms to support new ICO tokens. But as many of these projects are finding out, obtaining an exchange listing without paying exorbitant fees is almost impossible. ICOs unwilling to stump up risk being left to languish in the shadowlands of low liquidity DEXes. Recent research shows the difficulties projects face in getting their token listed on a reputable exchange – and those problems aren’t limited to affording the listing fee.
For one thing, the project needs to have completed a successful ICO in the first place. If their tokens failed to sell out, even with the remainder being burned, demand for the token on the secondary markets will be low and exchanges are unlikely to be interested. ICOrating reports that only 22% of ICOs that completed in Q1 of this year were able to have their token listed. This figure is down 10% on the previous quarter, which is attributed to the fact that half of all ICOs in Q1 of this year raised less than $100,000. This process forces projects to spend a large portion of the funds that they raise from private and public token sales to pay for listing fees, funds which would otherwise be used for developing the actual project.
After several studies and surveys, a very simple conclusion has emerged: people do not use cryptocurrencies as a means of payment, despite all the advantages that this could bring them, but they use it mainly as a means of trading. As a result, a new market has emerged offering significant profitability prospects and numerous cryptocurrency exchanges have been created to take advantage of this craze; we think in particular of Binance, Huobi, Kucoin, gate.io, Bitfinex, iDex, … There are currently more than 200 cryptocurrency exchanges around the world. From that moment, cryptocurrency trading became easy and accessible to all.
Trading Fiat-Crypto
The real added value of FinanceX over most other cryptocurrencies exchanges is the ability to trade directly from real money (including local currency). No need to go through an intermediary type Coinbase which saves the investor time and money.
What is FNX Token
FNX is a token issued by FinanceX. Developed on the basis of the standard ERC 20 Ethereum blockchain, FNX builds on the global fiat money platform, becoming the next generation of pre-encrypted trading platforms.
Update: At the moment, FinanceX is opening a private sale with a volume of 78,490,460 FNX out of a total of 495,000,000 FNX issued. In the future, FinanceX will use FNX to buy other digital assets in a cost-effective, fast, and secure manner.
For More Information Visit:
Website: https://www.financex.io/ & https://ico.financex.io
WhitePaper: https://drive.google.com/file/d/1rYAQXQW0UJWLnxB7mYRHq3PxEsA4i8Bf/view
elegram: https://t.me/FinanceX_Token
Medium: https://medium.com/@FinanceX
LinkedIn: https://linkedin.com/in/financex-singapore
Username: luckybit1
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1189489
MyEthwallet: 0x57231B1a4298573390df996B1d13a2fdeE8Ba362