Exmo Announce IEO And Request Beta Testing Volunteers

Exmo Announce IEO And Request Beta Testing Volunteers

After a fairly quiet period from Exmo, it is now clear to see why as today, they have announced details of a new IEO and a request for volunteers for stop order beta testing on September 26, 2019.

The Summer months were busy for the Exmo team. July saw the announcement of a new partnership with Sumsub, which was followed by the launch of their native Exmo Coin. Then, at the end of August, they rolled out their new Telegram Passport option that makes onboarding easier than ever before.

Over the course of September, not much has come out of the Exmo camp. That was until today. As they have now announced they will be hosting an IEO next week for ZigZag, plus they are nearly set to release Beta stop order functionality and are looking for Beta testing volunteers.

Let’s take a look at how traders can get involved in the exciting couple of weeks that lay ahead at Exmo.

ZigZag Token IEO at Exmo

The first bit of news that traders will need to be aware of is that Exmo will be hosting an IEO for the token of decentralized finance service, Zigzag, known as ZAG, which operates on the EOSIO blockchain. The purpose of the firm is to assist in the movement of funds from users who work abroad but send money to their home nation and lose out due to the fees involved.

How Does Zag Work?

As Zig Zag put it their aim is to “simplify the mechanism of these transfers and to reduce fees”. They do this by conducting cross-border payments via ZAG which goes in users in a crypto wallet and then withdraws it in the currency of the required nation via a bank transfer or via receiving cash at their partner points.

By the use of the ZAG voting token system and a balancing algorithm, ZAG coin holders with significant amounts provide stability to the token. With the use of smart contracts guaranteeing Zag Token Balances. These top holders are then rewarded for providing stability, making it mutually beneficial for all involved.

Getting involved in the Zag IEO at Exmo

The date traders need to put in their calendar for this IEO is September 26th, 2019. On this date, the IEO will kick off at 5 pm with pairings for ZAG/BTC, which you will need to navigate to at the allotted time to get involved. The exact price of the BTC equivalent will be set one-hour prior, but the current value for ZAG, at the time of writing, is around $5 USD. If you are interested, make sure you have sufficient funds and are there at the correct time as IEOs traditionally sell out rapidly.

Stop Order Beta Testing Volunteers

Another way users can benefit from Exmo’s service on that same date, September 26, 2019, is to get involved in their Beta Testing. Their technical team is at the final stage of the stop orders release, and need volunteers to try it out. With users needing to apply for a place by September 23rd.

Doing so will give you the chance to be among the first to get involved in the second release of their native Exmo Coin. This is scheduled for the day after the full release of the new functionalities release, with the Beta Testing giving you the edge to get involved first.

If you are interested in either of these events head over to Exmo for more details.  

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

Changelly,CoolWallet,Crypto Wallets,Exchange Platforms

CoolBitX App Sees Updates On Exchange Feature

CoolWallet have updated the features on it’s the exchange part of its CooBitX app. There are a number of changes both in terms of design and functionality on the app from the crypto wallet, but perhaps the biggest update to the feature is the fact that you can now choose between the rates of two […]

28 May, 2020
cfd,CFD Trading Platform,Investment,Trading

Trade.com Highlight Airline Stock Potential

Trade.com have taken to Facebook to make users aware of the potential investment opportunities currently present in airline stocks. The reason they have highlighted these possibilities at this time comes from the news that after shutting its border during the corona pandemic Spain are preparing to open their borders again. The nation has outlined plans […]

28 May, 2020
CFD Trading Platform,Investment,Trading

Delivery Date Changes on 8 XTB Instruments

XTB have highlighted some delivery date changes on some of the instruments available on their platform. Posted at 11 am today, these will effect 8 instruments available for trading on their platform. It will see a change of delivery date for them and therefore, XTB have told traders that if they have open positions will […]

27 May, 2020

AvaTrade Offers Two Things to Know to Start Today’s Trading

If you are looking to get today’s trading off on the right foot, then AvaTrade has offered up two things you need to know to start your day. The first of these two things is the need to pay attention to the escalating situation between China and the US. On Monday, they had already discussed […]

27 May, 2020
CFD Trading Platform,Investment,Plus500,Trading

Understand Options CFDs at Plus500

Plus500 have released a new guide to understanding Options CFDs. The guide to one area of their wide range of services was drawn attention to this morning over their twitter page. In the post, they reminded users that Options CFDs can be traded on Shares, Indices, Commodities, & more, while also telling users that it […]

26 May, 2020

Binance to Host Matic Trading Comp

Exchange platform, Binance will be hosting a trading competition for the token of the Matic Network. Over the course of the competition, 50,000 USD worth of Matic will be available for those participating in this event. While it is one overall competition, in reality, there are three separate promotions that will make up the event […]

26 May, 2020
Investment,IQ Option

IQ Option Explain Why You Might Be Losing Money

Are you losing money? If so, then IQ Option’s latest blog may be able to explain why. Titled “Why Do I Keep Losing Money?” the posts explains some of the most common reasons why traders tend to lose money and then elaborate as to how they can change that situation. While of course, as they […]

25 May, 2020

Geopolitics Affect Asian Market

Asian markets have started the week off slowly due to investors becoming wary of the China-US relations, explain AvaTrade. Following the closing of lockdown in China and their markets beginning their recovery, there have been new reasons for Asian market investors to be concerned. Specifically, China’s action in Hong Kong, which, according to AvaTrade, is […]

25 May, 2020