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