EXMO Launches Token Sale with Blockstarter’s ICO Solution

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Cryptocurrency exchange EXMO has announced it will hold a token sale next year to sell EXMO Coins (EXO) seeking to raise funds for the margin loan functionality.

Remarkably, the campaign will use a ready-made solution by Blockstarter, a company that develops an “ICO erection set” with user-friendly interface that enables setting all campaign parameters in a few minutes, which includes smart contracts.

Spokespersons for EXMO have stated that margin loans will enable over 700 thousand users of the platform to trade cryptocurrencies “at a grander scale.” They will be offered a 1:2 leverage for BTC, ETH, USD, and RUB, with other fiat currencies and altcoins added later as the demand for the service grows.

According to the exchange’s statements, contributors will receive 50% of monthly revenues from margin loans in the form of dividends. Additionally, EXO coins will be tradable at the exchange for Bitcoin and Ethereum.

Thanks to Blockstarter’s solution, EXMO will be able to receive contribution in five most popular cryptocurrencies directly. Contributors will have an option of buying EXO for Bitcoin, Ethereum, Litecoin, Dash, and ZCash.

“We chose Blockstarter because the company offers a ready solution for crowdsales. What is just as important is that we have found a great common ground, which is crucial when it comes to working on complex projects with unusual nature,” EXMO co-founder Ivan Petukhovski said. “Another remarkable option is that their crowdsale architecture is thoroughly tested, so we know for a fact it works without compromising transparency of the process.”

The exchange’s administration stresses that it will be in full control of funds allocation and wallets, while Blockstarter will be able to access only the data on contributor addresses.

EXO token sale will kick off February 26th, 2018, and will end a month later, on March 26th. The exchange has set the max cap of the campaign at $300,000,000.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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