Bitxoxo, India’s Largest Cryptocurrency Exchange, Announces Successful Pre-sale

[Goodcat49]

Despite the national enthusiasm for cryptocurrency, the government acknowledgement of its need, and many a luminary emerging from the country, the Reserve Bank of India (RBI) continues to push for banks not to deal with any entity dealing in cryptocurrency.

These draconian restrictions have not only been detrimental to the growth of one of the fastest growing crypto industrys in Asia, but has also brought about untold hardship to many. This hardship is what Bitxoxo is set to eliminate.

An Innovative Ecosystem
Having incorporated in Australia and its sights set on expanding into Singapore and the Middle East, Bitxoxo is now on the verge of completing all regulatory requirements to run its legally compliant cryptocurrency exchange in the country. Billed as India’s fastest exchange, Bitxoxo offers a 24 hour, 7 days customer support service with the lowest processing time, fastest account verification procedure, multi-signature HD wallet, and instant withdrawals. These capabilities have been instrumental in attracting the attention of prominent Bitcoin influencers, Roger Ver (Founder & CEO, Bitcoin.com) and Mate Tokay (COO, Bitcoin.com), who have not only thrown their weight behind the platform, but have also played critical roles in expanding the company’s operations out of India.

Envisioning a world where Bitcoin and BCH will be the only basic unit of currency required for all exchange of values across the globe, Bitxoxo has launched its public token sale after successfully completing its pre-sale event on 30th of April, selling 5 million XOXO tokens. The token sale, which goes live on the 5th of May to the 31st of May, 2018, will help fund the further expansion of the company and the creation of innovative services and products. 10M XOXO tokens will be on offer throughout the event at a $2 per token.

Bitxoxo has also further revealed that contributions to the Token Generation Event will fund the creation and development of a BCH ecosystem including a Marketplace, an e-University certification program for BCH, and a PoS-enabled system for the cryptocurrency. The company will also set up a blockchain startup incubator to promote industry growth

Hesham Rehman, CEO & Co-founder, Bitxoxo, said:

“Unlike other ICOs, this isn’t an investment into a new and untested exchange. We have had over two years of experience in running one of the most successful cryptocurrency exchanges ever, responsible in part for making Bitcoin a household name in India. We are focusing on expanding and creating Bitcoin Cash (BCH) ecosystem. We are extremely grateful for the guidance and support received from eminent personalities in the cryptocurrency universe like Roger Ver and Mate Tokay, and look forward to associating with them to spread the awareness of Bitcoin cash and Blockchain technology to the world.”
Bitxoxo will also be utilizing the funds gathered during the TGE to expand into the Singapore and UAE, while tailoring its operations in Australia for the finest possible experience for customers.  while expanding the company’s operations in Australia.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitxoxo-announces-pre-sale/

[btyco]

This is something that would interest investors in india as they might get reduced trading fees, but for those outside who do not trade on that exchange it is probably not the best investment.