SINGAPORE, March 24, 2021 /PRNewswire/ -- Diginex Limited (Nasdaq: EQOS) (the "Company"), a
digital assets financial services company, today announced a
significant acceleration in account openings and a daily record for
retail trading volume on the EQUOS Cryptocurrency Exchange
following the launch of the special issuance period for its EQUOS
Origin token ("EQO") on March 16,
2021.
Unlike most token offerings, EQO will have utility within an
already fully functioning exchange and is not being offered for
sale to raise capital. EQO can only be earned through trading on
the EQUOS cryptocurrency exchange and rewards traders with fee
reductions, yield enhancement on other assets and can be used as
collateral for derivatives trades. Holders of EQO will also be
entitled to future airdrops of new tokens issued for utility
purposes within the Diginex ecosystem. As EQUOS rolls out borrowing
and lending capabilities, scheduled for later this year, EQO will
be used to boost yields available on assets held in Digivault, the
hot and cold wallet custodian integrated into EQUOS.
Richard Byworth, CEO of Diginex,
said: "We have seen an enthusiastic uptake for EQO since we
launched just a week ago, with a meaningful increase in retail sign
ups and a record retail daily
trading volume. Together with strong interest from our
institutional customer base, this reflects significant retail and
professional trader interest in earning the EQO token. "
"EQO is designed to allow utility across the future prime / private banking-like experience
for digital assets that we have been building. Since last week's
launch, we have seen increased activity coming from a diverse range
of countries, with trading volume from customers across
Europe, the Middle East, Asia and Australasia. It's great to see such
global recognition for this very unique exchange token."
The EQUOS Origin will launch on 8th April
2021, with 11 Reward Blocks. Tokens will be distributed
daily via a "Reward Block" over a two year "Issuance Period" and
will have a regular supply reduction (or halving feature) every 90
Reward Blocks. The first 10 blocks will reward fee-paying clients'
price taking volumes between 16th March
2021 and 7th April 2021.
To read the whitepaper, click here.
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