Ten years ago, Cryptocurrencies were an academic concept, largely known to the world’s general population. This all changed in 2009 with the creation of Bitcoin. Today, most people are aware of Cryptocurrencues, although they may not be familiar with how it works. Cryptocurrency exchanges is somewhat similar to the global online payment system, PayPal, except the currency being exchanged is not traditional money. With traditional banking system, the sender and receiver of the transaction must trust intermediaries to facilitate centralized transactions which can command large fees and capture the private data of individuals while doing so. Theft of Cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S based cyber security firm Cipher Trace. The report which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges, compared with about $266 million for the whole of 2017. The losses could rise to 1.5 billion this year. Stolen virtual currencies end up being laundered to help criminals hide their true identities and avoid arrest, which has resulted in a three-fold rise in money laundering of Cryptocurrencies. Initial coin offering (ICOs) are a way for companies to raise money by issuing a new digital token in exchange for Cryptocurrency such as Bitcoin or Ethereum. CNBC took an in-depth look at the process, which has often proved controversial due to a number of scams where founders of fake companies have run off with their money. There is a clear risk with ICOs. Many companies created are looking to raise money without having any products made yet. Cryptocurrency exchanges have been perceived as risky due to numerous hacks and the often unregulated nature of trading on these exchanges. Lack of regulatory frameworks is holding back the main mainstream adoption. Another problem involves the use of fiat currency for purchasing crypto which most exchanges does not allow users to buy Cryptocurrency with fiat money, the poor customer support, unavailability and difficulty in reaching customer services, language barrier, lengthy account verification in various systems makes it complicated for users to trade. The creation of IronX was based on the problem already aforementioned, to create solutions to these problems. To make it a success, IronX brought together a team of experts coming both from the blockchain and online trading a with extensive experience with technology as well as operations and financial markets.
IronX established as a joint venture between one of the global online trading which uses a market leading technology platform consisting of a multitude of high-grade features so as to provide a highly secured interconnectivity between exchanges and third party institutions to curtail liquidity problems and boost trade volume, and to facilitate high level of security and ease-of-use for al crypto traders purchasing currency (including FIAT). IronX is created to help exchanges and hedge funds that use or trade Cryptocurrencies comply with anti-money laundering laws, it facilitates funding via both Fiat and Cryptocurrencies thereby bridging the gap between crypto trading and traditional online trading with the existence of an ecosystem based on a Distributed Ledger Technology (DLT) Licenses providing an efficient, secured, unique and transparent exchange system. The IronFX Group and EmurgoHK, one of the global leaders in Blockchain technology are partnered together to bring in the best for users. IronX is fully regulated featuring KYC and AML processes implemented via in-house procedures or integration of third parties with the acquisition of a PI license under the Financial Conduct Authority (FCA). Ironx customer support service is friendly and easy to communicate with as experienced, multilingual customer support team with coverage in over 30 languages and live chats are there to help users when there is need. With its high grade security features including inter alia: two factor authentication through Google Authenticator application; rate-limiting, concurrent connection limits; encrypted Transport Layer Security (TLS) connections. Also, its seamless fiat deposits and withdrawals facilitated by connectivity between the platform and crypto friendly banking institutions which allows access to the FX market with deepest liquidity available globally has made it different and totally unique from the rest.
IRONX PLATFORM
UNIQUE VISIONS OF IRONX
The vision of Ironx is to create a more comfortable system in line with the old traditional system of trading in Cryptocurrency which is beneficial to users and to traders by using a market leading technology platform consisting of a multitude of high grade features
PARTNERS OF IRONX
UNIQUE BENEFITS OF IRONX
- The ability for users to seamlessly move from their existing IronX Exchange crypto accounts and cryptocurrencies into IronFX group online trading platform in an efficient, quick and costless way via the use of common back office backbone and best of class banking and payment methods available by the IronFX group
- It breaks the gap between the traditional system and the crypto system which is beneficial to both users
- It enhances deep liquidity via its existing, wide customer database
- It leverages existing practices, processes, solutions and real operating company functions such as bank office, risk management, account management, payment and banking solutions
TOKEN DETAILS OF IRONX
IRX ERC-20 Utility token serve as the main token in the IronX exchange.
Token name: IRX ERC
Sales start date: November 1st, 2018 (09:00 GMT)
Sale end date: January 15th 2019 (15:00 GMT)
Minimum investment: $100
Acceptable currencies: BTC. ETH and wire
Number of tokens to sale: 82,308,213
Price Per Token: $0.42
Hardcap: $50,000,000
TOKEN DISTRIBUTION OF IRONX
Scale and early contributions: 40%
Company: 17%
Advisors and partners: 10%
Community: 8%
Liquidity: 10%
Management team: 15%
TOKEN ALLOCATION OF IRONX
Development systems: 40%
Operations: 50%
Marketing: 15%
Legal cap requirement- 10%
ROAD MAP OF IRONX
May 2018
IronxFX Group and EmurgoHK join forces to build a world class exchange- IronX
June 2018
Smartologic join TronX as a strategic advisor
June 2018
Development of IronX exchange begins
June 2018
IRX token private sales begins
August 2018
IRX Token Private Sales ends
September 2018
IronX exchange Alpha version release for internal testing
September 2018
The Estonian incorporated entity of the group was awarded a full regulatory license by Estonian FIU
October 2018
Coin and smart contract security Audits conducted by Hosho
November 1st 2018
Public sale of IRX token begins
December 2018
Exchange security audit conducted by Hacken
December 15th
IRX token distribution to private sale contributors commences
December 2018
IronX Exchange platform expected Beta version release
January 15th 2019
End of public sale of IRX tokens
January
Expected IRX token distribution to public sale contributors
January 2019
Add of IRX to the Ironx exchange and activation of IRX loyalty scheme
TEAM MEMBERS OF IRONX
Markos A. Kashiouris: Founder & Chairman
Dimitris Hatzis: Chief executive officer
Stefanos Kashiouris: Chief Risk & Exchange officer
Loukia Kanarini: Chief legal & compliance officer
Elena Panagiotou: VP marketing
Stella Ermogenidou: VP Human Resources
Socrates I. Socratous: Chief Technology officer
Marios Stylianou: Chief Security officer
Yuki Terai: Director of sales, Japan
Yeji Jun: Director of sales, South Korea
Martin Kreisinger: Director of sales, Central Europe
Jaime Gonzales: Director of Sales, Spain & Latin America
Nuno Vasconcelos: Director of sales, Portugal & Brazil
Yun Ma: Director of slales, Australia & APAC
Victor Maki: Director of Sales, Scandinavia
Roman Ruzinsky: Director of sales, Russia
Fabio Farina: Director of sales,Italy
Waqas Khan: Director of sales, India & Pakistan
Richmond Zalavarria: Director of sales, Philippines
Momen Slik: Director of sales, Middle East
Daphne Frangoudis: Director of sales, France
ADVISORY BOARD
Kenji Sasaki: chairman of the advisory board
Alex Hayashi: Chief blockchain strategy advisor
Andrew Raikes: corporate governance advisor & government Liaison
Hilik Nissani: Strategy, Marketing & Crypto advisor
Ophir Gertner: Blockchain & Crypto advisor
Tal Cohen: Blockchain & Fintech advisor
Dr. Paolo Tasca, PhD: Chief blockchain advisor
Dr. Nicolas T. Courtois PhD: Chief security advisor
Dr. Theodosis Mourouzis, PhD: Blockchain & Information security advisor
Dr. Shamyl Malik, DPhill: Electric & High frequency trading advisor
Dr.Yoon Heuiseon, PhD: Artifical Intelligence & Distributed Technologies advisor
Hrisha Rattan: Structuring & Alternative capital solutions advisor
Ivan Didur: Algorithmic & Artificial intelligence advisor
Kunal Nandwani: Blockchain advisor
Neoklis Nicolaou: Capital markets & Regulatory advisor
Gal Ron: Marketing advisor
WHITEPAPER: https://ironx.io/IronX_WP_Version_1.2.pdf
WEBSITE: https://ironx.io/
FACEBOOK: https://www.facebook.com/IronX-165411397629420/
TWITTER: https://twitter.com/IronXExchange
TELEGRAM: https://t.me/IronX_Official
LINKELDN: https://www.linkedin.com/company/ironx-exchange/
INSTAGRAM: https://www.instagram.com/ironx_exchange/
Youtube Link: https://www.youtube.com/channel/UCEo_JHbwqQWXRVfpqxcBZAQ
Reddit Link: https://www.reddit.com/r/IronX_Exchange
Written by: Ogtejiri
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1790132
Wallet address: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6