IMDEX is an up and coming cryptocurrency exchange platform that will be based in Korea but has aspirations to be utilized throughout the world. It claims to be the first decentralized crypto exchange that will return revenue to its investors.
However, IMDEX is also planning to have a centralized exchange that will help to convert cryptocurrencies into local currency. The ICO for IMDEX and its IMDX token recently completed, and by all accounts, was a success.
The Team For IMDEX ICO (IMDX Token)
It’s difficult to ascertain much information about the people behind IMDEX. The company appears to have some connection to a Korean company called Techton Soft that was established in 2016. The Techton Soft website indicates that the company specializes in investment trading solutions, peer-to-peer lending, artificial intelligence, and cryptocurrency exchange. The Techton site states that the company has 10 employees, making it a rather small operation, and lists a man named SangHyun Kim as the CEO.
Caley YOON – In charge of managing both the centralized and decentralized exchanges. Has a background in both finance and trading.
Riley Kim – Has an academic background in business administration and law and some professional experience in blockchain marketing.
Aaron Hwang – A professional investor with some experience in blockchain who is managing the development and promotion of the IMDX token.
Erick Ow – Labeled as the best trader in Korea with experience in both stocks and cryptocurrency.
As mentioned, IMDEX is planning both a decentralized and a centralized exchange. IMDEX will be the name of the decentralized exchange. The exchange is being developed with the goal of being both secure and convenient for users based on flaws that have been spotted on other exchange platforms.
Meanwhile, Encrypth will be the name of the central exchange. This will help with the conversion of IMDEX tokens, ETH, EOS, and NEO to local currency. This exchange set to launch in September 2018. IMDX tokens will be available for those who use for the IMDEX and Encrypth exchanges. The tokens will also be available on the Global Exchange starting in September 2018.
Encrypth exchange subscription Advance reservation starts on August 20
IMDEX ICO (IMDX Token) Details
only 18% of the 10 billion IMDX tokens were made available during the ICO. Roughly 38% of the tokens will be used for rewards and bounty programs, 19% will be used for marketing, and 20% will be distributed among team members and people within the company. Together, those four areas account for nearly all of the 10 billion tokens.
The IDMX token is designed solely for those who use either the IMDEX or Encrypth exchanges. Thus, anyone who trades on either of the exchanges will be rewarded with IDMX tokens based on the trade ratio. There are also plans to burn some of the IMDX tokens that are used in those two exchanges.