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 Know-how supplier primarily based in Gibraltar, lately introduced its utility token IEO, the Damex Token ($DAMEX), which can be utilized inside the Damex App together with different non-fungible tokens (NFTs), to earn rewards for adopting a more healthy and extra lively way of life.
Damex introduced its token IEO for nineteenth April. Its utility went dwell 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 entire provide is 370 million Damex Tokens.
The aim of those new choices by Damex is to encourage customers to develop into more healthy people whereas, on the similar time, educating them about cryptocurrency and selling environmental sustainability.
What can customers acquire in change for staking Damex Tokens?
As an illustration, when a consumer stakes 5,000 Damex Tokens, they’ll get entry to a VIP Premium membership, in addition to get pleasure from zero change charges whereas utilizing the Damex App. Premium Subscription members can get pleasure from advantages similar to:
- 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 personal sale (Q1 2023), Damex raised $1 million.
The core Damex Tokens can be created on Ethereum and can then be bridged to different blockchain protocols similar to Solana and BSC. Apart from getting used for staking and rewards, the Damex Token will permit customers to vote on key options inside 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 can 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 once they full challenges, which is able to change each three months. Moreover, the NFT rewards will differ month-to-month. For instance, if a consumer completes the Marathon problem with a step aim of 60,000 steps, which is equal to the London Marathon, they’ll obtain commonplace rewards similar to 0.10% money again and 10% off change charges. Premium Members can obtain 0.15% money again, whereas VIP Premium members (5,000 Damex Tokens) can obtain rewards, similar to 0.2% money again, free NFT airdrops, and 0 change charges on the Damex platform.
The Damex Token has obtained funding from a number of buyers, 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, change 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 change providing for the Damex Token scheduled for April 19, 2023. The Damex App is presently 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 Know-how (DLT) supplier that obtained its Distributed Ledger Technology authorisation from the Gibraltar Financial Services Commission in 2019. The Damex Token is issued by Damex Restricted and is registered with the Gibraltar Financial Services Commission for the needs of its token providing.
Go to www.damex.io to get the most recent updates and official info on the Damex Token. people may contact Damex through its social media channels. Telegram: damex_io Fb: damex.io. Twitter: @damex_io. LinkedIn: https://www.linkedin.com/company/damexio/.
Headquarters: Damex.io, Suite 2.4 & 2.5, Waterport Place, Gibraltar, GX11 1AA
Assist Workplace hours: Monday-Friday, 9:00-18:00.
It is 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 providers. Bitcoin.com isn’t accountable, immediately or not directly, for any injury or loss brought about or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about within the press launch.
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