Damex.io Launches Utility Token IEO for Exclusive Benefits

Damex.io Utility Token Launch

Damex.io, a leading digital asset company based in Gibraltar, is set to launch its utility token, $DAMEX, through an Initial Exchange Offering (IEO) on April 19, 2023. The IEO will be conducted via the Damex app and two additional launchpads, details of which are yet to be announced.

Exclusive Benefits of $DAMEX

The $DAMEX utility token provides holders with a range of exclusive benefits. Users can enjoy lower exchange fees, VIP premium memberships, and higher cashback rewards. These incentives aim to enhance user engagement and investment potential within the Damex ecosystem.

Staking and Network Expansion

Damex.io has introduced a staking concept for $DAMEX, allowing users to earn rewards by staking their tokens. Initially launched on the Ethereum network, the token will later be bridged to other networks like Solana and BSC, broadening its accessibility and use cases.

Features of the Damex App

Accessible in the UK and the European Economic Area (EEA), the Damex app offers a comprehensive suite of services. These include cross-border remittance trading, an OTC desk, cold storage solutions, and a Visa Card program. The app also features a step2earn gamification layer, enhancing user experience through interactive financial activities.

Regulatory Compliance and Reputation

Damex is one of the 14 DLT-licensed firms authorized by the Gibraltar Financial Services Commission. The company is also regulated by the Guernsey Financial Services Commission, ensuring compliance with evolving EU legislation on DLT assets. This regulatory adherence underscores Damex's commitment to maintaining a secure and reliable platform for its users.

By launching the $DAMEX token, Damex.io aims to solidify its position in the digital asset market while providing users with valuable investment opportunities and benefits.