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press launch
PRESS RELEASE. WATERPORT PLACE, GIB., March twentieth, 2023 – Digital Asset Administration Restricted and the Damex group (“Damex” or “Damex.io”)), a Distributed Ledger Expertise supplier based mostly in Gibraltar, just lately introduced its utility token IEO, the Damex Token ($DAMEX), which can be utilized throughout the Damex App together with different non-fungible tokens (NFTs), to earn rewards for adopting a more healthy and extra energetic way of life.
Damex introduced its token IEO for nineteenth April. Its utility went reside and was examined throughout the Q1 of 2023, with future developments for each the Damex Token and the Damex App slated all year long. The overall provide is 370 million Damex Tokens.
The objective of those new choices by Damex is to encourage customers to change into more healthy people whereas, on the similar time, educating them about cryptocurrency and selling environmental sustainability.
What can customers acquire in alternate for staking Damex Tokens?
For example, when a consumer stakes 5,000 Damex Tokens, they will get entry to a VIP Premium membership, in addition to take pleasure in zero alternate charges whereas utilizing the Damex App. Premium Subscription members can take pleasure in advantages resembling:
- Entry to top-tier train challenges
- Get a premium member card
- Unlock cash-back incentives on all tiers
- Get early entry to new Damex options
Throughout its first spherical of personal gross sales (This fall 2022) for the Damex Tokens, Damex raised $3 million. Throughout its second non-public sale (Q1 2023), Damex raised $1 million.
The core Damex Tokens might be created on Ethereum and can then be bridged to different blockchain protocols resembling Solana and BSC. Except for getting used for staking and rewards, the Damex Token will enable customers to vote on key options throughout the Damex ecosystem and key options, together with Damex Token itemizing and Damex App options.
Damex additionally introduces its Purchase Again and Burn Programme, the place 20% of the income might be used to buy the Damex native tokens off the market. The tokens will both be burned or used as incentives for customers.
Customers can earn rewards after they full challenges, which is able to change each three months. Moreover, the NFT rewards will range month-to-month. For instance, if a consumer completes the Marathon problem with a step objective of 60,000 steps, which is equal to the London Marathon, they will obtain customary rewards resembling 0.10% money again and 10% off alternate charges. Premium Members can obtain 0.15% money again, whereas VIP Premium members (5,000 Damex Tokens) can obtain rewards, resembling 0.2% money again, free NFT airdrops, and 0 alternate charges on the Damex platform.
The Damex Token has obtained funding from a number of traders, together with:
- CSPDAO
- Cetacean Capital
- Odin Capital
- Funfair Ventures
- Coin IX
- Alpha Praetorium Capital
- Kebblar Capital
- Belobaba
- Catenam Capital
Utilizing the Damex digital asset finance software, customers can deposit cryptocurrencies, alternate crypto for fiat currencies, and pay for purchases utilizing their Damex Visa debit playing cards. The Damex App was launched in its beta model on February 17, 2023, with the preliminary alternate providing for the Damex Token scheduled for April 19, 2023. The Damex App is at the moment open within the UK and EEA.
About Damex.io
Damex.io are a digital asset group of corporations buying and selling since 2017. Digital Asset Administration Restricted (buying and selling as Damex or Damex.io) is a Distributed Ledger Expertise (DLT) supplier that obtained its Distributed Ledger Expertise authorisation from the Gibraltar Monetary Providers Fee in 2019. The Damex Token is issued by Damex Restricted and is registered with the Gibraltar Monetary Providers Fee for the needs of its token providing.
Go to www.damex.io to get the most recent updates and official data on the Damex Token. people may also contact Damex through its social media channels. Telegram: damex_io Fb: damex.io. Twitter: @damex_io. LinkedIn: https://www.linkedin.com/firm/damexio/.
Headquarters: Damex.io, Suite 2.4 & 2.5, Waterport Place, Gibraltar, GX11 1AA
Help Workplace hours: Monday-Friday, 9:00-18:00.
This can be a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or companies. Bitcoin.com is just not accountable, straight or not directly, for any injury or loss brought about or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about within the press launch.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
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