The Emirex Exchange sole mission is to create the infrastructure for the trade of cryptocurrency assets, that is security and usability compliant and localised for global usage, with a preference for the Middle East which would be a launch pad.
- Make Emirex Exchange an easy to use crypto-currency exchange is a feasible target, so as to create a reach for the poor crypto knowledge folks out there.
- The expensive middleman would be cut out of the investment equation
- Also asset tokenization would make investments fractional and accessible, thus creating more liquidity.
Emirex Exchange's inclination is that of a platform which would increase trading activities will in the Middle East, connecting African, Asian and European markets.
Also a belief that we will significantly enhance the region’s sustainable
development and positively impact the communities that we work with.
The banking and credit system outside of the western countries is limited, international money transfers and transaction settlements are expensive and slow, merchant payments are expensive and in some countries almost
non-existent. Crypto assets already now reduce many of the challenges that users of traditional financial services suffer, and we are only at the beginning of the journey. Access to investment products is currently limited to wealthy individuals and institutions in developed countries. Multiple barriers to entry exist,
including high cost of entry, complexity of product management, lack of education and knowledge, and capital controls imposed by governments. Tokenized products that are accessible to many, that are simple to understand and simple to access will allow democratisation of investments and make it possible for many more people to manage and build their wealth efficiently and safely. From an issuer’s point of view, tokenizing real-world assets and businesses will allow direct access to investors and create an environment where capital formation is cheaper and faster.
Secure, software-based stores of value and medium of exchange such as cryptocurrencies, are becoming more and more popular with both digital natives and traditional investors that
are looking to hedge their positions. On the cusp of change across all industries,every stock, bond, currency and commodity will be tokenized and traded peer-to-peer.The technology is already here but making the transition to the new digital economy is not possible without the creation of an extensive, secure infrastructure.
Blockchain is an exciting new technology that is already driving radical innovation. It has an immense power to disrupt existing economic and business models. We believe that the blockchain will represent the next stage of global industrial development. But just like with the steam engine and the internet that triggered previous industrial revolutions, infrastructure was needed to allow for adoption. Roads for the cars needed to be built, cables for the internet needed to be laid, platforms and exchanges for digital assets need to be created that are
easy to use, secure, compliant and localised for the local markets. The internet democratised access to information, and now the blockchain is democratising access to wealth and capital. We are here to build the
infrastructure to make it happen.
The ethereum platform is a distributed public open source,blockchain-based decentralized platform and operating system relying on smart contract.It supports a modified version of Nakamoto consensus via transaction-based state transitions and ether, with the ticker symbol ETH is the native coin powering the Ethereum platform and, used to compensate mining nodes for computations performed as miner rewards.Each Ethereum account has an ether balance and ether may be transferred from one account to another. It is also a platform for sharing information across the globe that cannot be manipulated or changed.
The Emirex token is based on this Ethereum Blockchain.
The Emirex Token, powers the mechanism of the Emirex Platform. It is an erc-20 token. As the native token of the Emirex Ecosystem, Emirex(with the ticker EMRX) has multiple use cases:
Payment for listing fees for placement of tokenized assets.
Transaction fees payment for trades, with users receiving discounts for using the Emirates token.
Custody and servicing fees, commission and partner incentive schemes.
EMRX token can be used to pay for our products and services.
Rewards are offered to our active community members. There are various programs, such as rewards for active investors, successful new users invitations.
EMRX token holders will have priority rights to all new features and services, they will also enjoy priority participation in Initial Exchange Offerings on the launchpad.
The Emirex Token has been would be released to entice the traders, investors, issuers and partners within the Emirex ecosystem.
Emirex users will be able to convert crypto dust that is equivalent to less than 0.001 BTC into EMRX tokens.
The number of EMRX tokens is limited to 500,000,000(five hundred million tokens) .
65,000,000 EMRX which constitutes 13% has been allocated to the Private Sales.
75,000,000 EMRX which constitutes 15% would be for the team upkeep and remunerations. This is locked up and 5% per quarter vesting over 5 years.
50,000,000 EMRX which constitutes 10% would be reserved for future expenditures and project expansions.
35,000,000 EMRX which constitutes 7% is for the project future partner. This is also locked up and 10% per quarter vesting over 2.5 years.
275,000,000 EMRX which constitutes 55% is for the Internal Exchange Offerings.
Funds raised through the EMRX token offering campaign are to be utilized for development of the Emirex project and would be used in the following proportions:
- Development of top-level IT products and
infrastructure would consume 30%. - Emirex products and services worldwide promotion, while targeting to be a major MENAT(Middle East, North Africa and Tunisia) crypto asset exchange player.
- Funding innovative and strategic initiatives for the ultimate growth of the Emirex project.
- Miscellaneous costs like cold storages in emergencies.
- Operational expenses and other legal overheads.
Stakeholders of the Emirex token would receive varying percentages of the token with the long-term growth of the Emirex platform and project paramount in consideration.
EMRX Coin Burn
Coin burning is the process of permanently removing coins from circulation, thereby decreasing the total supply and raising the price of the coin or token, in this case.
Emirex shall burn up to 50% of all of the EMRX every quarter received for the sale of its products and services until the circulating supply reaches the 250,000,000 EMRX, 50% of the originally issued 500,000,000.
*An Initial Exchange Offering (IEO) is a type of crowdfunding using cryptocurrencies where a quantity of cryptocurrency (whether a coin or taken) is sold to speculators or investors, in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum, all in a crypto exchange ecosystem, especially a centralized exchange. The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches. An IEO is another form of crowdfunding, the other being an Initial Coin Offering (ICO).It is often a form of crowdfunding, however a private ICOs which does not seek public investment is also possible. IEOs are not open to the public. Only exchange users are allowed to participate in IEOs, thus there exists a level of control and protocol since KYC(Know Your Customer) and AML(Anti Money Laundering) measures are in place and ubiquitously enforced. Also IEOs requires contributors/users to buy the token with the exchange’s accounts.
An ICO allows any contributors to buy the token for sale by sending funds to a specific address.
Why an Initial Exchange Offering?
Blockchain and the subsequent Bitcoin and Ethereum eventualities, were novelties in 2014 when Emirex was began.But the project has been growing , having irrespective of both market recessions and the uprises to new heights. Not the ICO hype race, but the company development has always been the highest priority, thus the idea to conduct IEO at the tail end of 2019. Since more and more companies switch to the format of digitizing their assets, this has become a regular trend with digital projects, where assets are tokenized.
The IEO Emirex exchange is fully prepared for holding IEOs. The first one will offer the EMRX native token. The Private crowdsale has been completed successfully, with 65 millions tokens sold. The public crowdsale of the EMRX token will kicked off on December 16, 2019, with a hard cap of 10 million dollars,while distribution is expected to be mid January 2020 after the IEO.
In order to participate, you need the following procedures.
Sign up an account on the exchange via the IEO portal and follow the Know Your. Provide an email address to sign up.
You would receive an email to change your password.
Click “Reset your password” and you will be directed to the next screen.
Please fill in your new password here and repeat it. Then click “Change”.
After the password is changed you will be moved to the following screen. Please type your email and the new password
The next step will offer you to finalize this registration by passing the KYC procedure.Please click “Get Level 1”
Now you are all set and all that is left to do is to move to “Wallets” page.
Submit a deposit of the cryptocurrency you are paying with using the following address or QR code. The price of the EMRX token will be around US$0.4. The following cryptocurrencies will be accepted for the purchase of an EMRX Token: BTC, ETH, EUR, USD, USDT. Also, such fiat currencies as the Euro and USD will be accepted.
Go to IEO page.
Select EMRX IEO.
Enter amount of tokens you want to buy, and press the BUY button.
You can always track the progress of the IEO on the following page
THE EMIREX GIVEAWAY
To incentivize the Emirex community to be more productive,a giveaway has been organized and currently on going. A fund pool of two hundred USD is up for grabs.
To participate in the 200,000 dollars giveaway, quickly get in here. And follow the following processes.
STEP 1
Create an account using a referral code.
Once your account is set up, you’ll receive your own referral code to share. You’ll also receive your first ticket for the draw!
STEP 2
Share, Follow & Top up for tickets!
You’ll receive 2 tickets for everyone you refer and 1 ticket for everyone they refer. Plus tickets for social media follows and balance top ups!
STEP 3
Activate tickets on Emirex.com.
All tickets are initially set as ‘pending’. For a ticket to count toward the draw, it must be activated. Activate and win with Emirex!
STEP 4
Continue earning from your referrals!
You’ll continue earning referral commission on trading and sales activities from everyone you refer, as well as a % from everyone they refer!
Timelines
The giveaway starts on
October 21, 2019,
09:00 GMT+3
Round 1
December 24, 2019,
18:00 GMT+2
Round 2
January 8, 2020,
18:00 GMT+2
Other rounds will be announced on Emirex social media channels like Telegram, Twitter, Facebook, Reddit, Medium etc. They are linked below
Website
https://emirex.com/
https://www.facebook.com/emirex.official/
Twitter https://twitter.com/EMIREX_OFFICIAL
Reddit https://www.reddit.com/u/Emirex__official
Linkedin https://www.linkedin.com/company/emirexgroup/
Medium https://medium.com/@EMIREX_OFFICIAL
Instagram https://www.instagram.com/emirex_official/
Telegram https://t.me/joinchat/DqGU61OCcKlwpg073YO0fA
Refferal: https://emirex.com/referral?refid=ID8B4839AA00
Terms and Conditions
Please read the Terms and Conditions to make sure that you are eligible to participate. No purchase is necessary to take part in this giveaway.
The Give away draw will take place through the use of blockchain technology, self-executing smart contracts will select the winners without human interference, guided by math and computer code only. This is to ensure complete transparency and independence. The draw will take place in Estonia, under the relevant EU rules.
To ensure that there is no fraud, only tickets activated by accounts at the time of the draw will count as valid.
For due diligence , head over to
Whitepaper https://emirex.com/whitepaper
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redoc
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2409725
Eth Address: 0x8dC02f9a3255C0cE32536E698447F2E3915AE948
Emirex ID UID : ID8B4839AA00
@tipu curate :)
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