ICO stands for "Initial Coin Offering," and refers to the creation and sale of digital tokens.In an ICO, a project creates a certain amount of a digital token and sells it to the public, usually in exchange for other cryptocurrencies such as bitcoin or ether.
The public could be interested in the tokens on offer for either or both of the following reasons:
1) The token has an inherent benefit – it grants the holder access to a service, a say in an outcome or a share in the project's earnings.
2) The benefit will be in increasing demand, which will push up the market price of the token.
Ethx ran a successful cryptocurrency exchange in India and now to expand globally ethx is launching a utility based token called ethx coin [ETHX].
A total of 100 million ethx coins would be created.
Every quarter(starting Q2), ethx would use 25% of its profits to buy back and destroy the tokens till the time 50%(50 MM) of the tokens are bought back.
The softcap for this ICO is 1,000 ETH and hardcap is 20,000 ETH. Ethx Pre-ICO sale would be live from 1
st July 2018 to 7
th July 2018.
Ethx coins can be used for the following:
- To pay trade fee on ethx platform.
- To pay withdrawal fee on ethx platform.
- To pay for goods and services using Merchant module.(Launching on 1st September, 2018).
- To pay for Ethx Enterprise Solutions
Every quarter, post Q2, ethx would be using 25% of its profits to buy back the coins till 50% (50 MM) of the coins are out of circulations. All these coins that would be bought back, would be destroyed to ensure fair economics.
Ethx Pre-ICO begins on 1st July 2018 and shall be live for exactly one week.
To participate in the ICO, please whitelist yourself. The whitelist would only be open on 29th and 30th of June, 2018.
During Pre-ICO, there would be a 20% discount.
Ethx is working on offering scalable blockchain solutions to enterprises. This would enable small-to-large enterprises to quickly and conveniently deploy blockchain based solutions without having to spend hundreds of thousands of dollars in reseach, and reducing deployment time to hours instead of weeks.
Our first two enterprise offerings would be as follows:
- Ethx DataBlock
- Ethx Ninja
These offerings are currently under closed beta testing and would be publicly launched on the 15
th of Augusr, 2018. More details about the same would be shared in September.
A total of 100 million ethx coins would be created. The breakdown of these would be as follows:
- Team - 25%
- 20% on token sale
- 20% on first anniversary.
- 20% on second anniversary.
- 2% every month post 2nd anniversary for next 20 months.
- Advisors - 5%
- 50% on token sale
- 20% on first anniversary.
- 2% every month post 1 year, for 15 months.
- Market Development - 15%
- 20% on token sale.
- 20% on first anniversary.
- 20% on second anniversary.
- 20% on third anniversary.
- 20% on forth anniversary.
- Bug Bounty - 5%
- Reserve - 10%
- Can only be used post third anniversary.
- Community Token Sale - 40%
To ensure fair economics, smart contracts would be used for deploying the above.
IIT Delhi
Incubated
Ethx coins are Ethereum based tokens following ERC20 protocol. These are not mineable coins.
The cost of 1 ethx coin is 0.0005 ETH.
Which means for 1 ETH you can get 2000 ethx coins.
Absolutely. You can join ethx telegram channel by
clicking here.
We also have a public community forum, which you can check out
here.
Litecoin
1 ethx = 0.0025 LTC
There are two ways in which you can earn ethx coins for free.
- By referring users to ethx platform. (Link)
- By earning badges. (Link)
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