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Ironx : Best in Crypto, Best in Trading, World-Class Exchange

Saturday, November 17, 2018

About Ironx

Established in 2010, Ironx is the award-winning leading global online forex trading brand, with 10 trading platforms and over 200 tradable instruments. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America while providing support in over 30 different languages. The Group authorised and regulated by the four premier regulators in the FX world, FCA (UK), ASIC (Australia), FSCA (South Africa) and CySEC (Cyprus).

The Best Crypto

Established in 2007, EmurgoHK, a global leader in blockchain technology, is the venture builder for the Cardano blockchain protocol, and its hugely successful native cryptocurrency, the ADA Coin. Located in one of the world’s most dynamic business hubs, Hong Kong, and perfectly positioned between Northeast and Southeast Asia, EmurgoHK is spreading the revolutionary Cardano protocol across the Pacific Rim.

The Iron Exchange

Fully Regulated
The Group is actively seeking to be licensed and become properly regulated.  At present, it holds a FIU licence in Estonia but will actively pursue licences in other key jurisdictions.  In this regard the group is considering both Gibraltar and Malta.

Existing Client Base
Ironx is being built with our 1.2 million existing IronFX Group retail clients and 150,000 Cardano followers  in mind, giving us access to a huge liquidity pool.

FIAT and CRYPTO Funding
Ironx platform will provide a full range of traditional FIAT and CRYPTO wallet funding options.

24/7 Support
Ironx will be the first exchange to offer not only 24/7 support, but also in the language that users speak, catering to their needs.


Vision

Ironx vision is to create a crypto exchange that is created with the traditional trader in mind. This is why we have merged the best in traditional trading from IronFX, with the best in crypto EmurgoHK, to create a world-class crypto exchange.

Ironx wants the exchange to offer the services that traders are used to, and combine them with the benefits of trading in the cryptocurrency market. They also want to introduce crypto traders to the benefits that traditional trading offers.

Seamless Blending with Traditional

The IronX Exchange intends to allow clients to use their existing IronX Exchange crypto accounts and cryptocurrencies to seamlessly migrate or move (partially or fully) positions/exposure into the IronFX Group online trading platform in an efficient, quick and costless way, via the use of common back office backbone and best-of-class banking and payment methods available by the IronFX Group. In addition, the existing accumulated experience regarding Risk Management, Account Management, and Compliance Management will be used as a seamless bridge facilitating this process of moving exposure/positions from cryptocurrencies trading into traditional online trading.

IronFX & EmurgoHK New Crypto Trading Platform



The IronFX Group and EmurgoHK Group, will be joining forces so as to create a crypto exchange that will operate as a regulated, service-focused, exchange. IronFX is a global multi-regulated foreign-exchange trading provider and EmurgoHK is a Hong Kong company that accelerates different blockchain projects and has created the Cardano Blockchain.

The new platform will be known as IronX Exchange and will be operating as a regulated company that will provide funding via fiat and cryptocurrencies. The information has been released by Finance Magnates, which had privileged access to this information.

Both firms will combine EmurgoHK’s blockchain experience with the IronFX’s existing regulatory and operational practices, processes and solutions. Additionally, the exchange will allow the FX broker to provide risk management, back-office, account management, payment, and banking solutions.

Some of the benefits of this platform will be related to facilitate to move positions from cryptocurrency trading into traditional online trading. Additionally, it will be possible for clients to use their crypto accounts and digital assets to migrate, or partially move positions into the IronFX’s platform.

IronX Exchange ICO

The company has also started a private token sale that is by ‘invitation only.’ The intention is to launch the IRX tokens and use the money gathered to develop the platform further. The presale opened on June the 4th offering 200,000,00 tokens.

IRX token holders will have different benefits, for example, they will be able to request additional services and incentives. Furthermore, they will have discounts on spread paid with the tokens.

The Token Sale

The IRX ERC-20 Utility token will serve as the main token in the IronX Exchange, backing the system’s usage. Fees paid in IRX tokens will carry a discount, incentivizing frequent traders to use IRX for all fees and transactions.

Holders of IRX tokens will also benefit in a variety of ways. Based on holding levels, they will be entitled to additional services and incentives on the IronX – IronFX Group ecosystem.
  • Discount in spreads on traders on trading products.
  • Free IronFX Card, VIP Accounts with no requirements, free Virtual Private Server (VPS) without requirements.
  • Discounted fees for Portfolio Management (Management Fees and Performance Fees)
  • Upgrade Introducing Broker / Affiliate without the existing requirements.
  • Additional commissions for the Introducing Broker / Affiliate when paid in IRX.
  • Open an IRX Base Currency Trading Account to trade CFDs on the IronFX Grouptrading platform, deposit and withdraw in IRX.

The IRX Token

The IRX Token private sale ran from the 20th of June 2018 until the 30th of August 2018 and successfully sold 67,691,787 tokens, at the price of $0.33 (USD) per token, for a value of $22,338,290 (USD). After a successful private sale, IronX has decided to release an additional up to 82,308,213tokens for the public sale*.


Roadmap


Partners


Markos A. Kashiouris, Chariman and Founder of the IronX Exchange, has also given his view about the partnership saying that with both teams they will be able to deliver successfully in their mission to build the IronX Exchange.

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Author: indopool
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