Cryptocurrency exchange EXMO has announced it will hold a token sale next year to sell EXMO Coins (EXO) seeking to raise funds for the margin loan functionality.
Remarkably, the campaign will use a ready-made solution by Blockstarter, a company that develops an “ICO erection set” with user-friendly interface that enables setting all campaign parameters in a few minutes, which includes smart contracts.
Spokespersons for EXMO have stated that margin loans will enable over 700 thousand users of the platform to trade cryptocurrencies “at a grander scale.” They will be offered a 1:2 leverage for BTC, ETH, USD, and RUB, with other fiat currencies and altcoins added later as the demand for the service grows.
According to the exchange’s statements, contributors will receive 50% of monthly revenues from margin loans in the form of dividends. Additionally, EXO coins will be tradable at the exchange for Bitcoin and Ethereum.
Thanks to Blockstarter’s solution, EXMO will be able to receive contribution in five most popular cryptocurrencies directly. Contributors will have an option of buying EXO for Bitcoin, Ethereum, Litecoin, Dash, and ZCash.
“We chose Blockstarter because the company offers a ready solution for crowdsales. What is just as important is that we have found a great common ground, which is crucial when it comes to working on complex projects with unusual nature,” EXMO co-founder Ivan Petukhovski said. “Another remarkable option is that their crowdsale architecture is thoroughly tested, so we know for a fact it works without compromising transparency of the process.”
The exchange’s administration stresses that it will be in full control of funds allocation and wallets, while Blockstarter will be able to access only the data on contributor addresses.
EXO token sale will kick off February 26th, 2018, and will end a month later, on March 26th. The exchange has set the max cap of the campaign at $300,000,000.