What is IronX Project?
What is IronX Project?
Established in 2010, IronFX is the award-winning leading global online forex trading brand, with 10 trading platforms and over 200 tradable instruments. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America while providing support in over 30 different languages. The Group authorised and regulated by the four premier regulators in the FX world, FCA (UK), ASIC (Australia), FSCA (South Africa) and CySEC (Cyprus)
Our vision is to create a crypto exchange that is created with the traditional trader in mind. This is why we have merged the best in traditional trading from IronFX, with the best in crypto EmurgoHK, to create a world-class crypto exchange.
We want our exchange to offer the services that traders are used to, and combine them with the benefits of trading in the crypto currency market. We also want to introduce crypto traders to the benefits that traditional trading offers.
The IronX Exchange intends to allow clients to use their existing IronX Exchange crypto accounts and cryptocurrencies to seamlessly migrate or move (partially or fully) positions/exposure into the IronFX Group online trading platform in an efficient, quick and costless way, via the use of common back office backbone and best-of-class banking and payment methods available by the IronFX Group. In addition, the existing accumulated experience regarding Risk Management, Account Management, and Compliance Management will be used as a seamless bridge facilitating this process of moving exposure/positions from cryptocurrencies trading into traditional online trading.
The IronFX Group and EmurgoHK Group, will be joining forces so as to create a crypto exchange that will operate as a regulated, service-focused, exchange. IronFX is a global multi-regulated foreign-exchange trading provider and EmurgoHK is a Hong Kong company that accelerates different blockchain projects and has created the Cardano Blockchain.
The new platform will be known as IronX Exchange and will be operating as a regulated company that will provide funding via fiat and cryptocurrencies. The information has been released by Finance Magnates, which had privileged access to this information.
Both firms will combine EmurgoHK’s blockchain experience with the IronFX’s existing regulatory and operational practices, processes and solutions. Additionally, the exchange will allow the FX broker to provide risk management, back-office, account management, payment, and banking solutions.
Some of the benefits of this platform will be related to facilitate to move positions from cryptocurrency trading into traditional online trading. Additionally, it will be possible for clients to use their crypto accounts and digital assets to migrate, or partially move positions into the IronFX’s platform.
After reviewed the business concept from the IronX whitepaper, I saw that the IronX’s business concept had good and logical qualities. Today, many cryptocurrency trading platforms and websites were created by inexperienced developers and companies, thus bring up various problems:
(1) not complying with or having no regulation;
(3) bad interface;
(4) not safe (frequently hacked);
(5) customer support is not responsive to handle complaints; etc.
Since IronFX has the experience to create a high-performance forex trading platform, the idea of making a large-scale digital currency trading platform could pretty much be realized. Like forex and stock trading in general, there are key success factors, such as:
- Comply with the regulations (for customer protection);
- Its architecture has a very fast and robust performance;
- High-level data security and confidentiality;
- The user interface is intuitive and easy to use; and
- Quality service support.
The IronX project promises to create a product that can accommodate these key success factors, and in my opinion, the possibilities are large enough to be realized.
The IronX Features:
- Fully Regulated: The Group is actively seeking to be licensed and become properly regulated. At present, it holds a FIU licence in Estonia but will actively pursue licences in other key jurisdictions. In this regard the group is considering both Gibraltar and Malta.
- Existing Client Base: IronX is being built with our 1.2 million existing IronFX Group retail clients and 150,000 Cardano followers in mind, giving us access to a huge liquidity pool
- FIAT and CRYPTO Funding: Our platform will provide a full range of traditional FIAT and CRYPTO wallet funding options
- 24/7 Support: IronX will be the first exchange to offer not only 24/7 support, but also in the language that our users speak, catering to their needs.
Token Sale Detail:
The company has also started a private token sale that is by ‘invitation only.’ The intention is to launch the IRX tokens and use the money gathered to develop the platform further. The presale opened on June the 4th offering 200,000,00 tokens.
IRX token holders will have different benefits, for example, they will be able to request additional services and incentives. Furthermore, they will have discounts on spread paid with the tokens.
Price: 1 IRX = 0.42 USD
Accepting: ETH, BTC, Fiat
Minimum investment: 100 USD
Hard cap: 50000000. USD
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA, Cyprus, Burma, Côte d’Ivoire, Cuba, Iran, Syria, Sudan, North Korea
For more information:
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373