- The IEO will take place on Damex’s app on April 19, 2023.
- Damex’s utility token will grant users exclusive benefits.
Damex.io, a Gibraltar-based digital asset company, has announced the launch of its utility token’s Initial Exchange Offering (IEO). The digital asset platform will hold the token sale on its Damex app, and two soon-to-be-announced launchpads on April 19, 2023. There are numerous features and rewards available to holders of the $DAMEX native token, all of which can be achieved through the new smart app.
The $DAMEX utility token will grant users access to premium advantages like higher cashback, VIP premium memberships, and lower exchange fees, among others. The digital asset company also disclosed a staking concept for their native token that would allow users to earn rewards for staking and more.
The company plans to launch the Damex token across a number of platforms and will initially be accessible on Ethereum. After that, it will be bridged to more networks, including Solana, BSC, and others. Damex aims to maximize its users’ investment potential through its native token’s versatility.
On April 19, 2023, the Damex IEO will be held on the Damex app, which is accessible in the UK and the European Economic Area (EEA). The Damex app offers cross-border remittance trading, OTC desk services, cold storage, a Visa Card program, and numerous step2earn features. Interested parties across the globe will be able to join the IEO from one of the two launchpads soon to be announced by Damex.
Damex is a Digital Asset Finance application with an inbuilt step2earn gamification layer offering OTC services. Notably, the company is one of the 14 DLT-licensed firms authorized by the Gibraltar Financial Services Commission in keeping with future propositions of EU legislation on DLT assets.
Damex is also preparing for the growing regulatory implications on the cryptocurrency industry. Damex has established a solid reputation for itself, obtained a highly sought-after Gibraltar DLT license, and is subject to Guernsey Financial Services Commission (GFSC) regulation.