Damex Releases in-App Utility Token Damex Token, Enables Users to Earn Rewards for Staking Tokens

PRESS RELEASE. WATERPORT PLACE, GIB., March twentieth, 2023 – Digital Asset Management Limited and the Damex group (“Damex” or “Damex.io”)), a Distributed Ledger Technology supplier based mostly in Gibraltar, not too long ago introduced its utility token IEO, the Damex Token ($DAMEX), which can be utilized throughout the Damex App together with different non-fungible tokens (NFTs), to earn rewards for adopting a more healthy and extra energetic life-style.

Damex introduced its token IEO for nineteenth April. Its utility went stay and was examined in the course of the Q1 of 2023, with future developments for each the Damex Token and the Damex App slated all year long. The complete provide is 370 million Damex Tokens.

The purpose of those new choices by Damex is to encourage customers to grow to be 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?

For occasion, when a consumer stakes 5,000 Damex Tokens, they’ll get entry to a VIP Premium membership, in addition to take pleasure in zero change charges whereas utilizing the Damex App. Premium Subscription members can take pleasure in advantages equivalent to:

  • Access to top-tier train challenges
  • Get a premium member card
  • Unlock cash-back incentives on all tiers
  • Get early entry to new Damex options

During its first spherical of personal gross sales (This autumn 2022) for the Damex Tokens, Damex raised $3 million. During its second personal sale (Q1 2023), Damex raised $1 million.

The core Damex Tokens shall be created on Ethereum and can then be bridged to different blockchain protocols equivalent to Solana and BSC. Aside from getting used for staking and rewards, the Damex Token will enable customers to vote on key options throughout the Damex ecosystem and key options, together with Damex Token itemizing and Damex App options.

Damex additionally introduces its Buy Back and Burn Programme, the place 20% of the earnings shall be used to buy the Damex native tokens off the market. The tokens will both be burned or used as incentives for customers.

Users can earn rewards after they full challenges, which can change each three months. Furthermore, the NFT rewards will range month-to-month. For instance, if a consumer completes the Marathon problem with a step purpose of 60,000 steps, which is equal to the London Marathon, they’ll obtain commonplace rewards equivalent 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, equivalent to 0.2% money again, free NFT airdrops, and nil change charges on the Damex platform.

The Damex Token has acquired funding from a number of traders, together with:

  • CSPDAO
  • Cetacean Capital
  • Odin Capital
  • Funfair Ventures
  • Coin IX
  • Alpha Praetorium Capital
  • Kebblar Capital
  • Belobaba
  • Catenam Capital

Using the Damex digital asset finance utility, 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 Management Limited (buying and selling as Damex or Damex.io) is a Distributed Ledger Technology (DLT) supplier that acquired its Distributed Ledger Technology authorisation from the Gibraltar Financial Services Commission in 2019. The Damex Token is issued by Damex Limited and is registered with the Gibraltar Financial Services Commission for the needs of its token providing.

Visit www.damex.io to get the most recent updates and official data on the Damex Token. Interested people also can contact Damex by way of its social media channels. Telegram: damex_io Facebook: 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

Support Office hours: Monday-Friday, 9:00-18:00.

 

 

 

 


This 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 companies. Bitcoin.com is just not accountable, instantly or not directly, for any injury or loss brought on or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about within the press launch.

Add a Comment

Your email address will not be published. Required fields are marked *