Since Coinolix wants to be the world’s first multifunctional ecosystem that providing cryptocurrency exchange, it needs to gain enough revenues. Speaking about sources for their revenue, Coinolix is charging fee to trading. Coinolix will charge 0.2 percent of fees for each exchange that’s settled. That percentage will be at the beginning. Different fee varieties are going to be presented in near time.
Another source for Coinolix’s revenue is the withdrawal fee. Coinolix is planning to charge fees in small amount at the withdrawal time. Then there will be margin fee as the third revenue source of Coinolix. When user is exchanging on margin, Coinolix may interest or charge on acquired sum. Finally, Coinolix has fee for coin listing as their fourth revenue source.
What is Coinolix?
First, Coinolix is about to choose coins through their verification process. Next, they will ensure that assets that are listed on exchange are not only unique but also are able to create value. Coinolix may charge fee for adding new coin on their exchange list. Coinolix will have CLX coin as its token. This token will be available as the ERC20 token on the Ethereum blockchain.
Soon, the token of Coinolix will support the entire Ethereum wallet. CLX token soon will have one billion in total supply. During the initial coin offering, CLX coin’s distribution amount is five hundred thousand CLX. For now Litecoin, Bitcoin, and Ethereum are accepted but soon throughout initial coin offering process there will be many more tokens accepted by Coinolix.
Delivery of CLX or Coinolix Coins going to be processed once the final crowd sale of initial coin offering is over. The CLX coin will be sent to the Wallet account of the entire contributors in seven days once the crowd sale is over. First of all, Coinolix will start the pre-sale of its CLX coin on 8 October this year. Users will get twenty percent bonus by purchasing token during public pre-sale in this day.
During pre-sale of initial coin offering, the price of CLX coin will be $ 0.20. Pre-sale of this initial coin offering will end on 7 November this year. Next, on 8 November, the final crowd sale of initial coin offering will start. During the crowd sale the price of CLX Coin will be $ 0.25. This crowd sale will end on 13 December. Once the sales end all remaining token will be destroyed.
Programs and Schedules of Coinolix’s Initial Coin Offering
For those who want to buy CLX Coin during the crowd sale of initial coin offering, there will be bonus available. Twenty percent discount is being prepared for two week from November 8th to 21st. From November 22nd to 28th the discount will be ten percent. Five percent discount is for those who buy CLX coin from November 29th to December 6th. Then there will be no more discounts during the last week.
There’s affiliate program started on July 1st this year. This program is still running and will end on October 16th. Those who are signing up will get five percent of CLX token purchase. For the promoter, there’s also bonus that has been mentioned above referred the contribution of users during pre-sale or crowd sale of initial coin offering.
On January this year, the development team consists of high skilled people has been gathered. This team is gathered to build the exchange and finalize the technology of blockchain. Then on March this year Coinolix did market analysis and research to plan the finalizing of initial coin offering. On July 2018 Coinolix started the airdrop, white listing, also the KYC registration in preparing crowd sale.
On August 2018 Coinolix develop the blockchain of fiat coin and did the audit to develop the consensus. Soon either pre-sale or crowd sale of initial coin offering will be started. Next year will be a busy year for Coinolix since there are more than five things is scheduled to be done before 2019 ends including releasing decentralized exchange’s beta version and exchange online’ full version.
Coinolix has buy back and burn program. Coinolix is going to buy the CLX coin that’s been sold during initial coin offering by using twenty percent of their exchange profit. They’ll do this each quarter. But the buy back and burn program will begin next year, on 2019, specifically in the third quarter.
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