EQUOS Origin Token (EQO) starts trading today
EQUOS, the institutional-grade cryptocurrency exchange owned by Diginex, announced the launch of trading for its new token, EQUOS Origin (EQO), on April 8, 2021. Traders can earn over one million EQO tokens, enhancing liquidity with the new EQO/USDC trading pair. The token offers holders various benefits such as reduced trading fees, access to airdrops, staking rewards, and collateral benefits. EQO distribution will occur daily over two years, with rewards halving similar to Bitcoin, increasing scarcity. Record trading volumes on EQUOS reflect growing interest in EQO.
- Launch of EQO token expected to increase trading activity on EQUOS.
- EQUOS recorded record trading volumes, indicating strong trader engagement.
- Unique benefits for EQO holders may enhance user retention and platform loyalty.
- Risks associated with forward-looking statements about growth and profitability.
- Limited operating history and past net losses may deter some investors.
SINGAPORE, April 8, 2021 /PRNewswire/ -- EQUOS, the institutional-grade cryptocurrency exchange owned by Nasdaq-listed Diginex [EQOS], today announced that EQUOS Origin (EQO) officially starts trading, with traders receiving a share of over one million EQO tokens that have been issued to price-taker traders on the platform.
This comes as trading volumes on EQUOS have reached record levels in recent weeks in anticipation of the EQO launch.
With the full launch of EQO now complete, the EQO/USDC trading pair is now live on EQUOS, providing immediate liquidity for traders looking to buy or sell.
Holders of EQO receive a number of benefits that are unique to EQUOS.
This includes reduced trading fees, access to future airdrops, staking rewards, collateral against derivatives transactions, and enhanced interest for crypto lending. There will also be a buy back and burn mechanism implemented once the token has been fully distributed.
In accordance with the EQO whitepaper, EQO will be distributed every day in the form of trading and staking rewards over a two-year period. Every 90 daily Reward Blocks the rewards halve, increasing the similar to Bitcoin, and highlighting its increasing scarcity. The whitepaper is available in English, Chinese, and Korean.
Richard Byworth, CEO of Diginex, said: "It's extremely encouraging to see record-breaking volume on EQUOS, as traders realize the benefits of owning EQO. The EQUOS Origin token offers a great range of utilities and incentives for traders using the EQUOS platform, and we're very excited about how this will continue to spur the explosive growth we have been seeing."
About Diginex
Diginex is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem offering innovative product and services that are compliant, fair and trusted. The group encompasses cryptocurrency exchange EQUOS.io as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform, Diginex Access, a securitization advisory service, Diginex Capital, market leading hot and cold custodian Digivault and funds business Bletchley Park.
For more information visit: https://www.diginex.com/
Follow Diginex on social media on Twitter @DiginexGlobal, on Facebook @DiginexGlobal, and on LinkedIn.
Follow EQUOS.io on social media on Twitter @EQUOS_io and on LinkedIn.
Forward-Looking Statements
This press release includes forward looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. For example, forward looking statements in this press release relate the completion of the private placement, the satisfaction of customary closing conditions related to the private placement and the intended use of net proceeds from the private placement. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Diginex's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the ability to recognize the anticipated benefits of the business combination; the ability of Diginex to grow and manage growth profitably; Diginex's limited operating history and history of net losses; Diginex's ability to execute its business plan; the inability to maintain the listing of Diginex's shares on Nasdaq; Diginex's estimates of the size of the markets for its products; the rate and degree of market acceptance of Diginex's products; Diginex's ability to identify and integrate acquisitions; potential litigation involving Diginex or the validity or enforceability of Diginex's intellectual property; general economic and market conditions impacting demand for Diginex's products and services; and such other risks and uncertainties indicated in Diginex's Shell Company Report on Form 20-F, including those under "Risk Factors" therein, and in Diginex's other filings with the SEC, which are available on the SEC's website at www.sec.gov.
In addition, any forward-looking statements contained in this press release are based on assumptions that Diginex believes to be reasonable as of this date. Diginex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Other than those of Diginex, all names, trademarks and logos in this Press Release and used in the materials herein belong to their respective owners. Nothing contained on this Press Release should be construed as granting, by implication, estoppel, or otherwise, any right or license to use any third-party names, trademarks, or logos displayed on the Press Release without the written permission of such third-parties. Copyright (c) Diginex 2021.
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SOURCE Diginex Limited
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