THE EQONEX CRYPTO GUIDE AND LEARN HUB
Corporate

EQONEX EQO Token Driving Growth Across Ecosystem

March 24, 2021

EQONEX (Nasdaq: EQOS) (the “Company”), a digital assets financial services company, today announced a significant acceleration in account openings and a daily record for retail trading volume on the EQONEX Cryptocurrency Exchange following the launch of the special issuance period for its EQONEX Origin token (“EQO”) on March 16, 2021.

Unlike most token offerings, EQO will have utility within an already fully functioning exchange and is not being offered for sale to raise capital. EQO can only be earned through trading on the EQONEX cryptocurrency exchange and rewards traders with fee reductions, yield enhancement on other assets and can be used as collateral for derivatives trades. Holders of EQO will also be entitled to future airdrops of new tokens issued for utility purposes within the EQONEX ecosystem. As EQONEX rolls out borrowing and lending capabilities, scheduled for later this year, EQO will be used to boost yields available on assets held in Digivault, the hot and cold wallet custodian integrated into EQONEX.

Richard Byworth, CEO of EQONEX, said: “We have seen an enthusiastic uptake for EQO since we launched just a week ago, with a meaningful increase in retail sign ups and a record retail daily trading volume. Together with strong interest from our institutional customer base, this reflects significant retail and professional trader interest in earning the EQO token. “

“EQO is designed to allow utility across the future prime / private bank-like experience for digital assets that we have been building. Since last week’s launch, we have seen increased activity coming from a diverse range of countries, with trading volume from customers across Europe, the Middle East, Asia and Australasia. It’s great to see such global recognition for this very unique exchange token.”

The EQO will launch on 8th April 2021, with 11 Reward Blocks. Tokens will be distributed daily via a "Reward Block" over a two year "Issuance Period" and will have a regular supply reduction (or halving feature) every 90 Reward Blocks. The first 10 blocks will reward fee-paying clients' price taking volumes between 16th March 2021 and 7th April 2021.

To read the whitepaper, click here.

Related Articles

Global Head of Sales Trading Matt Blom Talks EQONEX and EQO

Global Head of Sales Trading Matt Blom Talks EQONEX and EQO

September 16, 2021

Global Head of Sales Trading Matt Blom went live with The Birb Nest to discuss the EQONEX vision for crypto, and the power and potential of its exchange token EQO. Watch the AMA, where he discusses our institutional grade technology, EQO, the upcoming EQO Dollars airdrop, and more!

Keep up with crypto through EQONEX!


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Happy Birthday! Celebrating One Year of EQONEX with a Look Back

Happy Birthday! Celebrating One Year of EQONEX with a Look Back

July 30, 2021

EQONEX

While today is a day of celebration, we’d also like to take the opportunity to reflect on some of our successes over the last year.

Polygon CEO Jaynti Kanani talks about MATIC and his vision for the company in an exclusive webinar

Polygon CEO Jaynti Kanani talks about MATIC and his vision for the company in an exclusive webinar

July 23, 2021

Osman

MATIC, the native token of the Polygon platform, has been one of the best-performing coins of 2021, with an overall increase in value of over 12,000%. What's more, the price spike isn't a result of speculative capital at play, rather an increase in adoption by Polygon's core users.

Introducing EQONEX...

Introducing EQONEX...

June 16, 2021

EQONEX is a cryptocurrency exchange focused on offering innovative products and services that are compliant, fair, and trusted.

THE EQONEX CRYPTO GUIDE AND LEARN HUB

Bringing digital assets to the world.

EQONEX is a digital assets financial services company focused on delivering a full, digital asset ecosystem that offers innovative, trusted, and transparent products and services.

Keep up with crypto through EQONEX!


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

© 2022 EQONEX Capital Pte Ltd
All rights reserved.

IS 749075